Drill! Drill! Drill!: Volume II - PeachParts Mercedes-Benz Forum

mwood · #1 09-16-2008, 01:37 PM

Quote:

Originally Posted by RichC

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Financial Giants Falling: Lehman, Merrill Lynch, AIG

Morning Edition, September 15, 2008 · Some of the biggest names in the financial world are in trouble. Lehman Brothers, a huge investment bank, is going into bankruptcy. Merrill Lynch remains afloat, but Bank of America is expected to buy it. And the insurance company AIG is examining its options after its stock plunged again last week, losing about half its remaining value.

http://www.npr.org/templates/story/story.php?storyId=94617074

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American Automakers Ask Congress for $50 Billion in Low-Interest Loans, an Industrial Info News Alert

The American automotive industry is in dire straits. Sales have continued to fall each month and announcements of layoffs, closures, buyouts and early retirement occur almost monthly.

http://www.marketwatch.com/news/story/american-automakers-ask-congress-50/story.aspx?guid=%7BEB34D925-E404-4453-96BF-33F37A78A4D3%7D&dist=TQP_Mod_pressN

RichC

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Nice links, now explain how they relate to the thread.

RichC · #2 09-16-2008, 01:41 PM

Quote:

Originally Posted by mwood

Nice links, now explain how they relate to the thread.

You said the value of a dollar was going up.

The links show two reasons the value of a dollar is going down

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The country does not need to waste millions of dollars on drilling for oil.
We have too many other things we need to take care of.

RichC

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