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Originally posted by DrugTheChildren
reply to post by TheCoffinman
holy #! I'm watching CNBC and just watched the DOW hit drop another 400 points in less than 10 minutes. DOW is at -800! This is insane.
When do they shut it down???
Originally posted by worldwatcher
holy crap, knew it was coming, but still surprising!!
With U.S. senators moving toward a possible vote later in the day on an amendment to the financial regulatory bill that would significantly increase congressional oversight of the Fed, Mr. Bernanke warned of the consequences in a letter to Senate Banking Committee Chairman Christopher Dodd (D., Conn.).
"Such amendments, if enacted, would seriously threaten monetary policy independence, increase inflation fears and market interest rates, and damage economic stability and job creation," Mr. Bernanke wrote.
I'm tryin to find some sort of news that would incite a run toward the exits..