As the stock market continues its historic plunge, one local musician is making literally tens of dollars on an original hit song: Wall Street Inferno.
Ballard resident Michael Locowitz generally spends his days trolling various internet message boards, arguing heatedly about the latest headlines. However, internet arguments had to take a back seat when inspiration struck as Locowitz watched the stock market tumble last week.
Emboldened by the swift passage of his $700 billion Emergency Economic Stabilization Act, Treasury Secretary Henry Paulson went before Congress on Monday to introduce a series of sweeping new bills that, when passed, will effectively declare Paulson to be the ultimate ruler of the universe for all time.
“I didn’t really think I could do it,” said Paulson, referring to the rapid passage of the $700 billion Wall Street bailout…
(Visit The Naked Loon to view this life-altering graphic)
The credit crisis is probably the biggest disaster to strike our nation since we narrowly avoided a deadly bird flu epidemic. Or was it SARS. Anyway, the point is that if not for the BIG BOLD HEADLINES and terrifying stories all over the evening news for weeks straight, we surely would have endured massive carnage.
So in the time-honored journalism tradition of relentlessly beating the big scary story of the day with a seemingly unending steam of sensationalist stories, I present CREDIT IN CRISIS: Naked Loon Special Edition.
Just had this text ad appear at the top of my Gmail inbox…
I think it’s time this we sat down for a little talk about family finances. Billy, Judy, Cindy… come on into the living room with your mother and I. We need to have a serious discussion about the present crisis this family is facing, and work together to find a way out of this mess.
Sure, we could sit around all day and argue the petty details, like whether or not it was a good idea to spend $600,000 on a 4-bedroom rambler in Renton…
In a bold move Wednesday night the United States Senate overwhelmingly passed H. R. 1424…
In an unprecedented showing of clear-headedness and restraint, the House of Representatives denied a $700 billion bailout bill designed to keep bankers from suffering the consequences of loaning money to people that cannot pay it back.
As the DOW plunged nearly 800 points following the failure of the bill, angry American voters began flooding congressional switchboards, fax machines, and email inboxes.