Friday, June 27, 2008

Don't Blame Bush. Blame Math.

Some numbers from the Dow index, since 1/2007:
Merrill Lynch: decrease in stock value from $91.6 billion to 32.5 billion
Wachovia: decrease in stock value from $108.8 billion to 36.5 billion
Washington Mutual: decrease in stock value from $39.3 billion to 5.3 billion
Citigroup: decrease in stock value from $276.9 billion to 96.2 billion

Stupidity meets lack of leadership/oversight and we have crisis. If you use money, you should be appalled.