(image via leftybrown)
"Watched the closing bell, Dow down 450 points, on JetBlue as we taxi. Passengers up and down the plane had their sets on CNBC." (BrianStelter/Twitter)
"'It's ugly,' said Michael Mullaney, a Boston-based money manager for Fiduciary Trust Co., which oversees $10 billion in stocks and bonds. 'It's about the worst I've seen it in 25 years. You have to have free-flowing credit to lubricate the system. That's not happening right now.'" (Bloomberg)
"'The bill is coming due for years of reckless federal spending,' says Bob Barr, the Libertarian Party candidate for president. 'Yet Washington politicians have trouble going cold turkey on more corporate welfare and business bailouts.'" (IndependentPoliticalReport)
"Last night on CNN, Campbell Brown introduced the news saying, "This affects almost everyone out there who has a 401K.'" (Rachel Sklar/HuffPo)
"This nation is experiencing an economic 9/11. Our fundamental financial institutions are being threatened by a series of crises. Perhaps the greatest threat is a loss of confidence in our economic response to this crisis. The approach of the administration is haphazard at best. The federal government has neither the resources nor the capability to do bailouts on a case by case basis. There must be a standard to guide national policy. Neither the Congress nor the presidential candidates can establish that standard. Only the president, who appears, AWOL at the present time, can restore some sense of confidence that the nation has a set of firm guidelines to determine how to deal with corporations in trouble." (LeonPanetta/The Arena)
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