Most of us woke up with following news headlines:
- US car bailout plan collapses. Markets plunge, dollar slums. Millions may lose jobs
- US advisory firm headed by a former Nasdaq chairman, charged with $50 bn fraud, probably the largest fraud in the history.
- BankAm to cut 35k jobs
Its just not stopping. All previous bailout and stimulus packages also seem to just disappear in thin air with each new crisis emerging by the day.
A tough day ahead !