Michael Madigan wrote:

> So now instead of 700 billion, the US consumer just lost 5% of its
> net stock market value in one day.

Hi Michael!

Only if they sell. If they keep it until it all straightens out, 
probably no effect on anyone but rich people who can afford to lose 5%.

http://www.time.com/time/business/article/0,8599,1841483-1,00.html

The whole thing is widely seen as overblown. The fat cats wanted to 
scare some money out of the taxpayers, taxpayers didn't bite and the 
congress voted the taxpayer's sentiments.
-- 
Regards,

Pete
http://pete-theisen.com/


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