jerrymac, eat the apple :-) according to the news, it may be the last one you ever get!!!!
it's hard for me to understand how adults can be so stupid, but here we are. election year hype and government panic has taken us from what would have been a market correction and shallow recession, to a full blown crisis. all markets correct. if the government stays out of the way, those companies that can not stand the correction fail, and those that were strong and well run survive. a few people get hurt, but the majority are better off in the long run. even those who get hurt end up better off in a stronger market and economy.
in this case, the government stepped in (to avoid an international crisis) and started bailing out banks. the predictable happened and everyone lined up for a bailout. at the same time, because of the election cycle, people were being pounded with "news" of the failing markets, lost retirement, and impending depression. consumer confidence fell and hype began to become reality.
people get nervous and it doesn't take much to push them over the edge. look at the Schumer/IndyMac failure. BTW....you NYers really know how to pick them! :-)
this will go down in history as another textbook example of what happens when the government fixes things. unfortunately, it really is bad now and the consequences are far reaching for the US. bush gets blamed unjustly for many things. in this case, he will go down in history as the president who allowed government bailouts and takeovers, and led to the financial downgrading of the US internationally. this will be his legacy and the consequences will last far longer than any war.