Dow Down Over 500; Below 10,000

Plunging sharply at this writing…

Henry Waxman is holding a hearing of the House Oversight Committee on Lehman and the meltdown. Former CEO Dick Fuld is scheduled to testify (he is going to get creamed).

It’s already contentious as Waxman won’t allow opening statements from the committee members (the GOP members all want to blame Fannie and Freddie, and he won’t let them).

Anyway, watch live on CNBC or CSPAN.

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