Stocks fall 380 points

Just too many questions and too much nervousness about the government bailout plan. That helps explain why oil prices shot up and the dollar plummeted. The good news is that Congress and the White House are getting closer to a compromise bailout bill. The bad news is that many on Wall Street believe the plan might make the economy worse and that it might not even work. "This plan is not about housing, not unless you’re talking about investment houses," FAO Economics Chief Economist Robert Brusca told CNBC. "This is not a plan aimed at reviving the economy. This is all about trickle down."


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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