Business

I read this a few days back and was shocked. But I mean how the hell is this even possible? But goes to show what "really" goes on behind the scenes!

ups and downs in market is usual things wait till eggs get boiled

http://takingnote.tcf.org/2008/10/moral-hazards-o.html#more

For now the best option may be to do nothing until things settle down.

 Derivatives or Civilization, Take Your Pick

......Derivatives were the great financial innovation of the Greenspan era, in which casino-style bets on the price movements of currencies, bonds and stocks replaced the ownership of those items as a way to make money.

Today, the collapse of the derivatives market is crushing the international financial system, as the speculators fight to save the fictitious "profits" through the largest bailout attempt in history. We stress attempt, because the bailout is not working, and can not work—there isn’t enough money in the world to cover all these funny-money bets, and the efforts by the central banks to print that money, is fuelling a hyperinflationary bomb which will wipe out not only the remnants of financial system, but also the governments, national economies and the means of existence for most of the world’s population.

 Derivatives or Civilization, Take Your Pick

http://www.larouchepac.com/news/2008/10/09/derivatives-or-civilization-take-your-pick.html

Russian president Medvedev, showing some real intelligence:

St. Petersburg dialogue. On not returning to the cold war. 

Russian President  Medvedev, about the crash: 

"What have the latest events shown? They have shown that the era of a single dominant economy or currency is over, and will not come back. To solve the financial crisis, which I’ve already had occasion to point out, here in St. Petersburg [in June 2008], by the way, was born of financial egoism, we need collective decisions. No longer can a single economy, no matter how strong and mighty, assume the functions of megaregulator." 
 

Transcript TV Russia:

http://www.larouchepac.com/news/2008/10/05/transcript-segment-vesti-nedeli-news-week-program-tv-rossiya.html

Yes, I think this is "capitalism"