Sunday, January 24, 2010

A Look Back at the Aughts-- Part 2

It's the economy, stupid

8. POST 9-11 TRAUMA

Scars us to today, but as an economic even, seems to have faded. Hurt the travel industry, sent markets reeling and caused a downturn. But nothing compared to today's debacle.


7. ENRON RUNAROUND


Largest corporate scandal ever and took down Chicago-based Arthur Anderson. It brought down the retirement funds of employees who put their stock in Enron stock.

It is too bad these folks still have most of the money they stole and only two were punished.


6. NO PITS, PLEASE

Chicago futures traders have lost the loud trading pits which defined it. That has been supplanted with computers. The Chicago Mercantile bought the Chicago Boart of Trade.

Not Finished Yet. --DaCoot

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