The worst day on Wall Street they say since right after the 9/11 terrorist attacks on New York and Washington.

In the space of a weekend, Lehman Brothers opted for bankruptcy protection; Bank of America bought Merrill Lynch and insurer AIG is still fighting for its very life.

And, as they say somewhere, that’s not all folks.

The market took a nosedive with the Dow Jones plummeting 504.48 points.

The nation’s largest savings and loan, Washington Mutual, fell 26.7 percent to $2 and its credit rating was cut to junk.

WOW!

“Experts”  What Experts?

For the past year or so, since the so-called subprime mortgage crisis began, various so-called experts have told us the economy is fundamentally sound despite a global credit crunch.

Now the spin is, we are seeing a correction…granted, a pretty damn big one…but a correction nonetheless.

We are seeing no such thing and don’t for a minute doubt what your own eyes and brain are telling you: We are in an economic meltdown of sorts. Maybe not as bad as the one that sparked the Great Depression, but pretty bad!

How much worse would–could—it get? Even the “experts” don’t dare guess that now.

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