Monday, September 15, 2008

Economic depression?!

So, I'm trying to make myself more up to date and knowledgeable about the things happening in our world. I've made it a morning routine to start checking news cites. This morning, while pulling up the NY Times website, this article catches my eye.
Earlier in the morning I saw a friend's post on Facebook saying "if there's going to be a depression, its going to happen this week". Then I see this...
Please read the article, its very scary. Basically Lehman Brothers filed for bankruptcy Sunday (my uncle happens to be the VP at that company so it makes me worry even more) and Merrill Lynch sold itself to Bank of America for $50 billion! The article said Sunday was "one of the most dramatic days in Wall Street history"!
What bothers me most about this, as I continually get myself more involved in this election, is I don't really know who will help us out of this mess. Both candidates claim how they will help our economic situation that is progressively worsening.
Please follow this though, it is said to effect everyone!


JennyB said...

Hey Gil, where you gonna put a link to the article there?

Gili said...

it's under "this article" in the first paragraph