Bailout bill failing in House

[bl4ckfl4g]

It is 196 - 221 with 17 votes left.

What happens to the stock market now?

 

[OrByte]

no way~!!!!

link

 

[Balt]

Market is plummeting. It's dropped over 200 in the last few minutes.

-700

 

[alchemize]

Down 600? cripes.

edit: 700...wow. Just wow.

 

[bl4ckfl4g]

No link just watching it on CSPAN

 

[Balt]

Bounced back to almost -500.

 

[KLin]

They're showing it live streaming on cnn.com

 

[Drakkon]

It hasn't failed completely yet....members can switch votes until window is closed and its not closed yet

But wall st. is sending a message by converting EVERYTHING they can to cash. Gold is going crazy.

 

[SP33Demon]

:thumbsup:Thank God that some of those Repub's are voting true to their party. :thumbsup:

 

[bl4ckfl4g]

Originally posted by: Drakkon
It hasn't failed completely yet....members can switch votes until window is closed and its not closed yet

It looks like they're trying to hold the vote open but it would need more than 20 people to switch.

 

[LS8]

Yes: 205
No: 228

:Q

 

[halik]

hello unemployment...

 

[halik]

Originally posted by: SP33Demon
:thumbsup:Thank God that some of those Repub's are voting true to their party. :thumbsup:

Voting true to ideology instead of the economic reality is nothing to :thumbsup: to

 

[Drakkon]

207-226 - its scary to think what is being promised for votes to be switched at this point...

 

[Genx87]

Shitstorm, does anybody have a list of the members who voted against it and why?

 

[halik]

Originally posted by: Drakkon
207-226 - its scary to think what is being promised for votes to be switched at this point...

"I'll lick peanut butter off of anything... ANYTHING"

 

[Specop 007]

Originally posted by: halik

Originally posted by: SP33Demon
:thumbsup:Thank God that some of those Repub's are voting true to their party. :thumbsup:

Voting true to ideology instead of the economic reality is nothing to :thumbsup: to

An economic reality some would argue was brought about by others pushing their ideology.

Interesting thought that.

 

[NaughtyGeek]

Originally posted by: halik
hello unemployment...

lmfao

Obviously you've bought into the "we're all gonna die" propaganda. The most effective tool in all of history for getting large populations to agree to immensely stupid policies/ideas is fear. Apparently it's working on you.

 

[halik]

Originally posted by: Specop 007

Originally posted by: halik

Originally posted by: SP33Demon
:thumbsup:Thank God that some of those Repub's are voting true to their party. :thumbsup:

Voting true to ideology instead of the economic reality is nothing to :thumbsup: to

An economic reality some would argue was brought about by others pushing their ideology.

Interesting thought that.

No doubt that's true (actually the same people that are shooting it down argued for deregulation). That doesn't change anything about the issue though.

 

[Martin]

Originally posted by: Drakkon
207-226 - its scary to think what is being promised for votes to be switched at this point...

Bridges to nowhere won't cut it anymore. Now they'll be giving away bridges FROM nowhere TO nowhere.

 

[halik]

Originally posted by: NaughtyGeek

Originally posted by: halik
hello unemployment...

lmfao

Obviously you've bought into the "we're all gonna die" propaganda. The most effective tool in all of history for getting large populations to agree to immensely stupid policies/ideas is fear. Apparently it's working on you.

Have been paying attention to libor and other credit indicators last week? Japan had similar situation in the 80s, US had it in the 1930s...

 

[jpeyton]

YES!

Back to the drawing board.

 

[OptimisTech]

Originally posted by: halik

Originally posted by: SP33Demon
:thumbsup:Thank God that some of those Repub's are voting true to their party. :thumbsup:

Voting true to ideology instead of the economic reality is nothing to :thumbsup: to

Exactly. Anyone who actually understands the American economic system and isn't just a raving "Wall Street Sucks!" lunatic should be scared sh**less right now.

Once again politicians put their political survival over the good of the country and its people. I guess we shouldn't be surprised. What kills me is the folks who actually think this is going to hurt the multi-millionaires who made this mess. They'll sneak off and lick their wounds in secluded upstate mansions while the rest of us who depend on credit markets and paychecks every month will be in real trouble. This is only going to hurt those at the bottom and middle. Those at the top will brush it off and move on.

Oh, and for those of you on monthly pay cycles, there is a REAL chance you will not get a check tomorrow.

 

[Engineer]

Originally posted by: NaughtyGeek

Originally posted by: halik
hello unemployment...

lmfao

Obviously you've bought into the "we're all gonna die" propaganda. The most effective tool in all of history for getting large populations to agree to immensely stupid policies/ideas is fear. Apparently it's working on you.

No, he's a finance major.

 

[Thump553]

Originally posted by: NaughtyGeek

Originally posted by: halik
hello unemployment...

lmfao

Obviously you've bought into the "we're all gonna die" propaganda. The most effective tool in all of history for getting large populations to agree to immensely stupid policies/ideas is fear. Apparently it's working on you.

I think your laugh is going to come back to haunt you. The national and international credit markets are locking up. This isn't a matter of losing a few bucks on your Bank of America stock.

The real issue is whether we count today as a trigger to a recession or a depression.