Okay, I did a little digging about this thing going on with the banks. Basically, the Finance Committee went into recess at the precise moment the Dow was in stagflation. That meant Republicans were free to vote “NO” on the opposition plan to the contingency regulations. That forced the Democrats’ hand: Would they overrule a Supreme Court decision that hadn’t been approved by the legislature of either committee chairmen? Now we know: No. So the bailout goes back to the state budget directors and the AIG board, where it will surely be redlined for earmarks and resubmitted on the NASDAQ floor by tomorrow’s closing bell.
Basically, what this means is, leave your money where it is and maybe start cultivating a taste for dog food.