What's going on – News RoundUp
Wednesday Evening News Roundup The stock market continues to tank. Over the last three days the Dow Jones industrial average has fallen over 600 points. Treasury Secretary Henry Paulson announced today that the $700 billion bailout will no longer buy up these bad assets but instead would inject money directly into financial institutions, which should quickly restore confidence and ease credit conditions. I hope that no one believes that this announcement will turn things around quickly. We are in a for prolonged volatile time. I have talked about the auto industry’s standing in line with its hand out. Please don’t think