Traditional Farmer below, has it right. The good news is, the common stock can't go much lower; the bad news is, it won't get much higher, either, because any growth in value in the company will be sucked up in the guvment's preferred stock (if they do the bailout) or the "new" creditor's loans (if govt. doesn't bailout, the companies will go into Chapter 11, and you can bet they'll end up with a bunch of that AIG and bank bailout money, as any "new" loans to restructure get a super-priority collateral position). Read Mitt Romney's article in WSJ or New York Times a couple days ago- he hit it right on the money.
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Today's Featured Article - The David Brown Rose Badge - by Samuel Kennedy. In the 13th century civil war was raging in England. Two English noblemen were involved in a conflict which became known as the War of the Roses. The Duke of York had as his emblem a white rose and the Earl of Lancaster had a red rose. Today the white rose is the official emblem of the county of Yorkshire and the red rose has been adopted by the neighboring county of Lancashire.
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