I don't think tomorrow is the day to buy. I'm of the feeling that the worst has yet to come.
I'm waiting for the DOW to drop below 10k.
I don't think tomorrow is the day to buy. I'm of the feeling that the worst has yet to come.
I'm waiting for the DOW to drop below 10k.
Brainonska511
Lifer
- Dec 10, 2005
- 28,662
- 13,800
- 136
They were probably getting hammered by their constituents over the weekend. Political suicide if they were going to go for re-election.
FYI
Just to kind of make things sadder than they are already.
The banking failures have been to the tune about 1.2 trillion dollars so far.......
That is more money than the banks have ever made in their history!
I think its time to seriously curb compensation for the financial industry.
Just to kind of make things sadder than they are already.
The banking failures have been to the tune about 1.2 trillion dollars so far.......
That is more money than the banks have ever made in their history!
I think its time to seriously curb compensation for the financial industry.
Originally posted by: bamacre
Oh, I'm sure congress will go home tonight and decide what stocks to buy, then pass a bailout tomorrow.
:laugh:
Funny, scary, and absurd all at once.
bamacre
Lifer
- Jul 1, 2004
- 21,029
- 2
- 81
Jackson-Lee, Al Green, Gene Green, none should have problems getting re-elected.
Shuler and Dogget I can understand.
Im suprised Chet Edwards voted for it. Although he has been trying to shy away from his blue dog image as of late.
SlickSnake
Diamond Member
- May 29, 2007
- 5,235
- 2
- 0
(repost I made from a just locked topic in Off Topic. And why that was locked there when topics are repeated there all the time from P&N is anyones guess.)
The so-called financial companies (pyramid schemes) that made the stupid descisions need to die, not be rewarded. Their assets need to be sold or just handed over to the FEDs to liquidate them to other companies that were not trying to game the system and juggle the books for the short term investors and shareholders.
Not bailing these financial crooks out is also the best method of saving the economy from the clowns running the financial circuses that are dragging the USA down with them. These greedy firms have ruthlessly pillaged their own financial resources to the point they are left begging for a hand out from Uncle Sam and the taxpayers. They had the chance to put the brakes on over lending/spending in their firms years ago, and they obviously failed to do so.
But yet their CEOs and shareholders and investors got paid, and even obscenely so. But when you institutionalize cooking the books like this for years, and the Feds convieniently look the other way because of the powerful financial lobbies, you can bet the balloning debt will come due sooner rather than later. The taxpayers don't owe these financial thiefs one red cent to continue shady business practices as usual.
The so-called financial companies (pyramid schemes) that made the stupid descisions need to die, not be rewarded. Their assets need to be sold or just handed over to the FEDs to liquidate them to other companies that were not trying to game the system and juggle the books for the short term investors and shareholders.
Not bailing these financial crooks out is also the best method of saving the economy from the clowns running the financial circuses that are dragging the USA down with them. These greedy firms have ruthlessly pillaged their own financial resources to the point they are left begging for a hand out from Uncle Sam and the taxpayers. They had the chance to put the brakes on over lending/spending in their firms years ago, and they obviously failed to do so.
But yet their CEOs and shareholders and investors got paid, and even obscenely so. But when you institutionalize cooking the books like this for years, and the Feds convieniently look the other way because of the powerful financial lobbies, you can bet the balloning debt will come due sooner rather than later. The taxpayers don't owe these financial thiefs one red cent to continue shady business practices as usual.
The bill isnt from the White House. The Bill is very much democratic written. This isnt about Bush. We all know hes incompetent.The House GOP started breaking away from Bush long ago. And for the last damn time its not corruption. Its called negotiating.
Of course you are, because the only thing you know about the dems generally are the straw men you have.
If a little old lady fell down in the street and a dem stopped to help. you would probably be surprised they didn't grab her purse, start to run, go back and kick her, then run.
Umm
140 Dems voted for.
133 Repubs voted against.
It breaks down to
67.xx% of Repubs voted no.
40.xx% of Dems voted no.
ultimatebob
Lifer
- Jul 1, 2001
- 25,134
- 2,450
- 126
I think that the market will rebound once they come up with a practical bailout package later this week. The time to buy is soon!
Vic
Elite Member
- Jun 12, 2001
- 50,422
- 14,337
- 136
Yeah, that she honestly believes that Bush has been a lousy President and that "Main Street" should not be forced to suffer for the faults of Wall Street.
This shit is pretty weak. You hacks are falling on kindgergarten tactics. Grandstanding speeches are a common everyday thing in the House, and whatever Pelosi said did not change what was already in the bill.
Promises, promises.
First, it's a White House plan. It was created by them, and then adjusted in negotiations, maintaining its main components, and continuing to have strong White House agreement.
Second, you are calling for members who have 100 to 1 public opinion against the bill, to have the leadership 'offer them carrots' to change their vote.
You insist that's not corruption but negotiation. Negotiation is when Pelosi says "I'd like there to be funding for ACORN, but I see you Republicans are strongly against that, and since it's not critical to the bill, I'll remove it to get you to agree to voting for the bill instead of letting ACORN block agreement, as long as you agree to the CEO pay caps democrats want."
That's not what you're calling for. You're calling for "carrots" that ask members to vote against their principles and/or strong constituent wishes. I.e., Bribery.
An example? In the Medicare drug bill vote that Republicans hels open unlike any bill in American history, all night to try to arm twist the votes needed, you had one Republican say the leadership had told him they'd destroy his son's chances to run for office if he didn't change his vote but would back him and offer $100,000 to the campaign if he changed his vote. That's corruption, and it's what you're calling for.
I know more about Texas Politics than you do. And yes it is very suprising that certain Texas Dems voted no.
I agree with Jeffrey Miron's view.
I've been saying all along don't bail them out. Why should the government provide funds to incompetent people who couldn't run these institutions properly to begin with? A bailout is not going to solve the problem. In the spirit of tough love, I hope the bailout does not pass. No further enabling necessary. :roll:
I've been saying all along don't bail them out. Why should the government provide funds to incompetent people who couldn't run these institutions properly to begin with? A bailout is not going to solve the problem. In the spirit of tough love, I hope the bailout does not pass. No further enabling necessary. :roll:
LOL Mr. "Malign-Both-Sides" is the worst apologist of them all. NO ONE should stand for what happened today, Democrat or Republican. The fact that you're willing to only sheds light on how truly biased you are. We're *all* a bunch of hacks, but you're our leader.
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