{"id":382,"date":"2008-10-06T11:22:15","date_gmt":"2008-10-06T16:22:15","guid":{"rendered":"http:\/\/toddsingleton.net\/chronicle\/index.php\/?p=382"},"modified":"2008-10-06T21:46:43","modified_gmt":"2008-10-07T02:46:43","slug":"dows-below-10000-and-falling-enjoy","status":"publish","type":"post","link":"https:\/\/toddsingleton.net\/chronicle\/2008\/10\/06\/dows-below-10000-and-falling-enjoy\/","title":{"rendered":"The Dow&#8217;s below 10,000 and falling.  Enjoy."},"content":{"rendered":"<p><a href=\"https:\/\/toddsingleton.net\/chronicle\/wp-content\/uploads\/2008\/10\/20070928-bush-burn-dollar2.jpg\" title=\"20070928-bush-burn-dollar2.jpg\"><img decoding=\"async\" src=\"https:\/\/toddsingleton.net\/chronicle\/wp-content\/uploads\/2008\/10\/20070928-bush-burn-dollar2.jpg\" alt=\"20070928-bush-burn-dollar2.jpg\" align=\"left\" vspace=\"5\" hspace=\"7\" \/><\/a>The fundamental question has not been answered.\u00a0 This doesn&#8217;t take rocket surgery or complex micro-economic theory:<\/p>\n<p><strong>Investors realize that even if the banks started lending right now, today, who among us can afford to borrow?\u00a0 The majority of American&#8217;s cannot afford to pay the bills they have.<\/strong><\/p>\n<p>Deal with it banks.\u00a0 Your days of profiteering on ridiculous interest rates and terms are done.\u00a0 Citi Group and Wells Fargo are fighting over the Wachovia carcass.\u00a0 By the time the run on deposits is over the only thing left will be the skeleton.<\/p>\n<p>What&#8217;s the difference between today and Friday?\u00a0 Friday the country was $700 billion richer.\u00a0 Thank you sir may I have another!\u00a0 And this time kiss us first.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fundamental question has not been answered.\u00a0 This doesn&#8217;t take rocket surgery or complex micro-economic theory: Investors realize that even if the banks started lending right now, today, who among us can afford to borrow?\u00a0 The majority of American&#8217;s cannot afford to pay the bills they have. Deal with it banks.\u00a0 Your days of profiteering &hellip; <a href=\"https:\/\/toddsingleton.net\/chronicle\/2008\/10\/06\/dows-below-10000-and-falling-enjoy\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">The Dow&#8217;s below 10,000 and falling.  Enjoy.<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[3,6],"tags":[],"class_list":["post-382","post","type-post","status-publish","format-standard","hentry","category-money","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"The fundamental question has not been answered. 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