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Posted: 10:43 PM Oct 6, 2008
Rockford Financial Experts Counsel Calm
On Wall Street's worst day in years, financial experts tell investors not to panic. Reporter: Alice Barr |
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1 Comments 
Questions for your panel: Hearing there's 60 trillion dollars out in subprime loans, repackaged, and sold as investments, we've got more failures coming. That many subprime mortgages defaulting makes me think $700 billion is like plugging a leak with gum. With Australia slashing their interest rates, are more Europeans going to do the same? How will that impact us and is it a good move? Do you think eventually there will be 1 global currency. Also, with Carter starting this "socialized housing" debacle, Clinton continuing the practice and Bush not wise and Republicans unable to stop the practice legislatively, shouldn't Obama be held more responsible than McCain, as McCain tried to sound the alarm? Should Fannie/Freddie execs be arrested, cooking the books and inflating their stock price, knowing full well failure was ahead? What will Obama's trillion dollar spending spree going to do to the economy? Has anyone ever seen Obama eat pork, i.e., a pork chop? Closet Muslim?
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