ONLY Georgie Bush and Dickie Cheney could do this! Will the DOW reach 9/11 levels ? Possible. The 'innate' value of the market. Might be less now

You know the media treats these "Job Approval" ratings as if they are a popularity contest. They are a lot more than that. I imagine when the American electorate finds themselves 'toyed' with; they don't like it much. Darn shame really !

February 20, 2008 (click at title to entry)
Concerns over Economy Push
George W. Bush's Overall Job Approval to New Low
George W. Bush's overall job approval rating has dropped to a new low in American Research Group polling as 78% of Americans say that the national economy is getting worse according to the latest survey from the American Research Group.
Among all Americans, 19% approve of the way Bush is handling his job as president and 77% disapprove. When it comes to Bush's handling of the economy, 14% approve and 79% disapprove.
Among Americans registered to vote, 18% approve of the way Bush is handling his job as president and 78% disapprove. When it comes to the way Bush is handling the economy, 15% of registered voters approve of the way Bush is handling the economy and 79% disapprove....


Bear Stearns World Headquarters (History of Company. It was founded in 1923. click here)


Bear Stearns sold with Fed's help (click here)
Published: March 17, 2008 at 9:54 AM
NEW YORK, March 17 (UPI) -- J.P. Morgan's $2 a share purchase of troubled Bear Stearns over the weekend came with the aid of $30 billion in financing from the U.S. Federal Reserve.

The unusual move by the Fed means that if the value of the $30 billion of assets the Fed is financing declines, the Fed, not J.P. Morgan, accepts the loss, The Wall Street Journal reported. Bear Stearns, the fifth largest investment bank on Wall Street, found itself unable to meet its obligations late last week and J.P. Morgan stepped in, borrowing money from the Fed and lending it to Bear Stearns.

Some of Bear Stearns' investors were stunned by the sale, which, at a total of $236 million, was $28 a share less than the $30 per share listing of Bear Stearns stock on Friday on the New York Stock Exchange.

"The building is worth $8 a share," one Bear Stearns executive told the paper, as many wondered why the board did not chose a liquidation sale instead of a fire sale.

Bear Stearns Chief Executive Alan Schwartz said the sale "represents the best outcome for all of our constituencies based upon the current circumstances."