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(KSL News) The Dow took its steepest dive so far this week: down 678 points. The Nasdaq shed another 95 points, and the S&P 500 dropped 75 points.
The federal government has tried a variety of prescriptions to revive the ailing economy. So far, rescue packages, loans and interest rate cuts have not thawed the credit freeze.
Today, the government weighed a new option. It would turn American taxpayers into partial bank owners.
The Bush Administration is considering using cash to buy bank shares and loosen lending. But because nothing else has worked to repair the financial bleeding, analysts today expressed skepticism this idea would result in anything different.
We spoke with our own financial expert tonight in a special edition of Talking Point. Thom Hall is a certified financial planner with Financial Strategies Institute and joined us to discuss plunging markets.
To view the discussion, click the play button above.
