Wall Street’s Meltdown & Radio

The Wall Street meltdown continues and it's getting scary out there.

The rest of the world is now reacting to our situation and even with a near trillion dollar bailout of troubled American financial companies very little relief is expected soon.

It's not hard to look at our own little meltdown in a microcosm called the radio industry. True, Citadel closed at 55 cents yesterday after the market went on another one of its magic carpet rides. (I think the market is on more hallucinogens than Steppenwolf was when they recorded their hit).

Think about it.

Yesterday Lehman Brothers CEO Richard Fuld, Jr. was heckled&hellip