Bank Bailout, Dumping Market, Next?

[Farbin Kaiber]

So, the stock market is -551.70 today , the govt. dropped the bailout plan, ranked out for a few days to work around a Jewish holiday, Global markets dumping...


How much longer til it turns around in your opinions?

[archemedes]

Will be a long time before it actually gets better. History has shown us that much.

[mattdk318i]

Will be a long time before it actually gets better. History has shown us that much.

Grab your ankles and hold on

[kronus]

My econ professor keeps sending us panicked e-mails.

At least we know any solution they come up with HAS to be better than this, if this one was rejected.

[Farbin Kaiber]

Kronus, I love the VLA in yer sig.


It's funny fliping between news channels, and hearing them blame the other guys they spin for.

[Vedubin01]

The Democrats control both the House and the Senate, they could have won the vote with out 1 Republican vote. But they just wanted to have ammunition to point fingers back at the Republicans if this was to fail. Instead of Pelosi firing off her speech just before the vote, she should have turned to 13 of the 94 Democrats that voted against it and got them to swing. No spin needed.....

Best stock of the day is Ammo and food!

[ldsbeaker]

This stuff is awesome.

[Massive Lee]

The senate just rejected the 700 billions plan. Yesterday, all over America, working class crowds threatened to pull another civil war. Banks are screwing us. Screw the banks now. And CEOs shall be brought to jail.

The government has tried to make Americans believe that this Wall street crash was the same as the one from 1929 and that the working class is closely concerned. yeah. Sure. Sorry. Two different things. The 1929 crash was due to overproduction and then lack of buyers, leading to workers being slacked and nobody working. The new crash is due to virtual money (mortgages) disapearing to never show up ever simply because people were handed houses they couldn't afford. Banks thought they could make easy money. They lost.

After the 1929 crash, it took America 10 years to recover with a money-making war. This last option has already been going on for a couple of years in Irak and Afghanistan and is costing a lot. So, what's the recovery solution now? Have every single American fork $3k to the Wall street mogulls to save them?

[Farbin Kaiber]

-777.88

[Vedubin01]

The senate just rejected the 700 billions plan. Yesterday, all over America, working class crowds threatened to pull another civil war. Banks are screwing us. Screw the banks now. And CEOs shall be brought to jail.

The government has tried to make Americans believe that this Wall street crash was the same as the one from 1929 and that the working class is closely concerned. yeah. Sure. Sorry. Two different things. The 1929 crash was due to overproduction and then lack of buyers, leading to workers being slacked and nobody working. The new crash is due to virtual money (mortgages) disapearing to never show up ever simply because people were handed houses they couldn't afford. Banks thought they could make easy money. They lost.

After the 1929 crash, it took America 10 years to recover with a money-making war. This last option has already been going on for a couple of years in Irak and Afghanistan and is costing a lot. So, what's the recovery solution now? Have every single American fork $3k to the Wall street mogulls to save them?

Nail on Head!

[BrewCity11]

I've been reading numerous "Other ways to spend $700b" stories, and to be honest, i couldn't disagree with a single one of them.

Plus, anything GWB says or recommends, I naturally am against for some reason.

[rwh11385]

I've been reading numerous "Other ways to spend $700b" stories, and to be honest, i couldn't disagree with a single one of them.

Plus, anything GWB says or recommends, I naturally am against for some reason.

Those are great ways to find out who the numerous idiots in the country are.

$700B is not being "spent".

[DarkWing6]

people were handed houses they couldn't afford

people bought houses they couldn't afford. both the banks and the home "owners" are at fault here. thats why both should take a dive. let people take credit for their own mistakes for once.

*oh, the big bad bank just forced a house on me i couldn't afford*

[Massive Lee]

Bankers have asked for years and years not to be under any regulation emanating from the governement. Now they want $700 billions from the same governement. One solution would be to sell out to the Chinese and Arabs, and sell $700 billions worth of America. That also means that foreign countries will come to control the US economy and governement at some time.

people bought houses they couldn't afford. both the banks and the home "owners" are at fault here. thats why both should take a dive. let people take credit for their own mistakes for once.

*oh, the big bad bank just forced a house on me i couldn't afford*

So true. That's what I meant. Thanks. Bankers just looked the other way when analysing a buyer's info with bad credit...

[BrewCity11]

Those are great ways to find out who the numerous idiots in the country are.

$700B is not being "spent".

Don't get me wrong, I don't agree to anything of the sort. Just that if they are going to develop 700b more debt, there are better ways of doing so.