Hmm. I get an email news report from a conservative view from TheSourceDaily.com, and there was an article this morning about “Black Sunday”. Here is the link. Well as if that wasn’t confusing enough, I could find nothing on CNN. But now, hours later I get a breaking news email from CNN about the same thing, but they are calling it “Bloody Sunday”. Day late and way behind CNN. Hmm, what were you waiting for? Why the hush hush? Anyway from that CNN page there is this quote
Art Hogan, chief market strategist for Jefferies & Co., said the magnitude of the financial industry fallout is unprecedented, and could only be compared to the Great Depression of the 1930s or the railroad bankruptcies of the 1800s.
Now I can make neither heads nor tails out of this. I do not understand big finance. But I do understand that the God we serve will rule our lives. If we serve THE God that created the universe, then we are Ok. But if one serves the god of the dollar bill, then there is trouble in paradise.
Lehman Brothers has filed for bankruptcy and Merrill Lynch has sold out to Bank of America, (whose tower address is 666 Fifth Ave) and last week I heard Fannie and Freddie were both in trouble and had been sent to their room. But you know what?