Re: {OT:} Why Bail? The Banks Have a Gun Pointed at Their Head and Are Threatening to Pull the Trigger

It's expecting a little too much to require the vast majority
journalists to understand mathematical concepts like percentage drops.


On Sep 30, 9:55 am, Hachiroku ハチロク <Tru...@xxxxxxx> wrote:
On Tue, 30 Sep 2008 05:03:27 -0700, Mark wrote:
Percentage-wise, it was only the 18th biggest drop.

Hmmm...IIRC, TODAY siad biggest one day





http://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow...

On Sep 30, 2:11 am, hachiroku ハチロク <Tru...@xxxxxxx> wrote:
On Mon, 29 Sep 2008 19:29:19 -0700, edspyhil...@xxxxxxxxx wrote:
Dean Baker
Posted September 29, 2008
Why Bail?

Because people and businesses need to be able to borrow money. Right now
credit is tight. That means a lot of car loans aren't being written, a lot
of mortgages aren't being written, money for new ventures and products is
stalled. Why the hell do you think the Dow took it's biggest one day drop
in history yesterday?- Hide quoted text -

- Show quoted text -

.