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Location: Pantego, Texas, United States

Sunday, September 28, 2008

The despicable Nancy Pelosi says the party is over for Wall Street. No more huge bonuses and golden parachutes for failed executives. That sounds good; something good may come from this disaster. News from Europe is not so good. According to talking heads on the Bloomberg Network a lot of banks in England and Europe are failing or are being nationalized. The Europeans are predicting that the bail-out plan in the US will fail. They say that there is a global crisis, not one limited to just Wall Street. Is the problem in Europe due to their buying sub-prime mortgages from the US, or do they have their own issues?

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