Just when I’m ready to do a perky, upbeat post, more financial zombies come shambling through the door. Photo from SFist, who ask, What’s going on here, WaMu?
NY Times on Bernanke and Paulson meeting with Congress last night.
As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it, the congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.”
Usually bombshell stuff like this isn’t released to the general public. Are they warning us too? Or did the no-short ban calm things, at least for a while? I guess we’ll be finding out.