Loose talk sink stocks

During WW2, there were whole informational campaigns warning against the consequences of loose talk. “Loose Lips Sink Ships” is, perhaps, the most famous, but there were others.

Today, we need to update this campaign to educate our legislators — Loose Talk Sink Stocks.  Our senators especially could benefit from such a campaign.

Charles Schumer started a run on the IndyMac bank with his comments last summer.

Timothy Geithner rolled out his “not a plan” and the markets crashed more than 375 points.

Most recently, our own Christopher Dodd answered a banking question, sending stocks down another 100 points with his ruminations on nationalization of banks.

Read the whole rundown here.

Posted in

Dave in EH


  1. Dimsdale on February 24, 2009 at 4:21 pm

    Don't forget Obama himself, constantly tearing down the economy to enable his crackpot spending schemes.

  2. gillie28 on February 24, 2009 at 10:12 pm

    A new President came into power,

    With Democrats full of ambition.

    They tanked the economy, hour by hour

    With a diahrrrea of the mouth condition.

    (would like to have posted this "Anonymously"!!!)

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