HAOLE Posted September 29, 2008 Report Share Posted September 29, 2008 Good! Let them eat the loses. Quote Link to comment Share on other sites More sharing options...
LJ Posted September 29, 2008 Report Share Posted September 29, 2008 The promise of a bailout hurt the markets more than doing nothing would have Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted September 29, 2008 Report Share Posted September 29, 2008 The promise of a bailout hurt the markets more than doing nothing would have Think the market shot down hard today. Citigroup just bought out Wachovia now. Seems like these banks are getting their ass handed to them lately. Quote Link to comment Share on other sites More sharing options...
HAOLE Posted September 29, 2008 Author Report Share Posted September 29, 2008 Think the market shot down hard today. Citigroup just bought out Wachovia now. Seems like these banks are getting their ass handed to them lately. The banks have been playing a Pondzi scheme for years. They will get what they deserve. Now is a good time to learn not to use credit. Dave Ramsey FTW!! Quote Link to comment Share on other sites More sharing options...
LJ Posted September 29, 2008 Report Share Posted September 29, 2008 Think the market shot down hard today. Citigroup just bought out Wachovia now. Seems like these banks are getting their ass handed to them lately. And my biggest loser is an oil company that is down $8.50 and the fuckers just found a $200 million sweet crude deposit Quote Link to comment Share on other sites More sharing options...
Draco-REX Posted September 29, 2008 Report Share Posted September 29, 2008 Good! Let them eat the loses. Accountability FTW! Now we just have to hope the doomsayers are wrong. Although, knowing our government, they'll still find a way of getting taxpayer money into the hands of their bed-buddies. Quote Link to comment Share on other sites More sharing options...
Main3s Posted September 29, 2008 Report Share Posted September 29, 2008 I saw that too. But can someone bring me up to speed on all this crap. Who, Why and what were they planning on bailing out? The Mortgage industries and all of their defaulted loans? Isn’t that the fault of the bank for mismanaging their own loans? What affect does this have on us as citizens? I’ve been see a lot about this bail out plan, but I still don’t get it. And if there is one place in the world I can get good solid facts about politics and financial matters it’s right here on Columbus Racing ! Quote Link to comment Share on other sites More sharing options...
ForeverMaker Posted September 29, 2008 Report Share Posted September 29, 2008 I am happy about this, but somehow I think they will still get something to go through sooner or later. The purpose of it to keep letting banks hand out credit is how they got into the situation in the first place. It has to stop eventually. Quote Link to comment Share on other sites More sharing options...
ForeverMaker Posted September 29, 2008 Report Share Posted September 29, 2008 Ron Paul weighs in... http://www.youtube.com/watch?v=ticytEUvVhQ Quote Link to comment Share on other sites More sharing options...
Draco-REX Posted September 29, 2008 Report Share Posted September 29, 2008 The Mortgage industries and all of their defaulted loans? Isn’t that the fault of the bank for mismanaging their own loans? That's why everyone's pissed about the bailout. If we overextend our credit, we get reamed and are SOL. But these big banks were going to get our tax dollars to dig them out of their own holes. Hopefully this bailout stays dead. What affect does this have on us as citizens? Someone can answer better than I, but it appears that what will happen to us shmoes depends on who you ask. Proponents of the bailout say that our economy will self-destruct and take the wold economy with it. The other side say there will be some short-term problems, but other banks will step in and keep everything running. Personally, I think there's WAY too much inertia in the status quo for the doomsayers to be right. Great saying about bureaucrats and such from a shitty movie: "If they fell out a window, it'd take a week for them to hit the ground." Quote Link to comment Share on other sites More sharing options...
lawnman Posted September 29, 2008 Report Share Posted September 29, 2008 The government will eventually make us pay for this bail out , one way or another. Most likely they will agree on something soon. Then both parties will claim victory . Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted September 29, 2008 Report Share Posted September 29, 2008 The banks have been playing a Pondzi scheme for years. They will get what they deserve. Now is a good time to learn not to use credit. Dave Ramsey FTW!! True. It's a great example now of the strong surviving. Darwin's theory of natural selection Quote Link to comment Share on other sites More sharing options...
Scotty2Hotty Posted September 29, 2008 Report Share Posted September 29, 2008 As it looks though, isn't it a damned if we do, damned if we don't kinda situation? Quote Link to comment Share on other sites More sharing options...
LJ Posted September 29, 2008 Report Share Posted September 29, 2008 As it looks though, isn't it a damned if we do, damned if we don't kinda situation? Now it is, honestly, the talks of bailout and then talks failing have caused more panic and more selloff than anything. Quote Link to comment Share on other sites More sharing options...
Miller Posted September 29, 2008 Report Share Posted September 29, 2008 This whole situation has been coming for some time now. Let's all drink some beer. Quote Link to comment Share on other sites More sharing options...
OSUGT Posted September 29, 2008 Report Share Posted September 29, 2008 See how they voted: http://clerk.house.gov/evs/2008/roll674.xml#NV Quote Link to comment Share on other sites More sharing options...
rch10007 Posted September 29, 2008 Report Share Posted September 29, 2008 Big guys fall and it makes room for the little guys to come up. On the way up, the market will have fresh meat to invest in and the market will recover. ECON 101. The politicians are pulling yalls strings to give you the impression something is actually happening in DC. HIST 101. Got edjumacation? Quote Link to comment Share on other sites More sharing options...
LJ Posted September 29, 2008 Report Share Posted September 29, 2008 Today is a day that we can tell our grandchildren about http://uploader.ws/upload/200809/badday11.jpg Quote Link to comment Share on other sites More sharing options...
rch10007 Posted September 29, 2008 Report Share Posted September 29, 2008 There's nothing special about today's loss. http://www.thebullandbear.com/articles/2000/0400-dowlosses.html Quote Link to comment Share on other sites More sharing options...
LJ Posted September 29, 2008 Report Share Posted September 29, 2008 There's nothing special about today's loss. http://www.thebullandbear.com/articles/2000/0400-dowlosses.html Nothing special? Today's loss was 689! That is 72 points higher than the biggest loss! nothing special Quote Link to comment Share on other sites More sharing options...
rch10007 Posted September 29, 2008 Report Share Posted September 29, 2008 Nothing special? Today's loss was 689! That is 72 points higher than the biggest loss! nothing special Stay inside...the sky's falling! Quote Link to comment Share on other sites More sharing options...
LJ Posted September 29, 2008 Report Share Posted September 29, 2008 Stay inside...the sky's falling! ummm... ooooooook? Mentioning the fact that we saw history today, that today is one of a few days ever where the top performing industry was negative, that we saw the biggest point loss ever on the Dow, is saying the sky is falling? Get over yourself Quote Link to comment Share on other sites More sharing options...
2highpsi Posted September 29, 2008 Report Share Posted September 29, 2008 Nothing special? Today's loss was 689! That is 72 points higher than the biggest loss! nothing special Percentage is more important Oct. 19, 1987 508.00 to 1,738.74 22.60% Quote Link to comment Share on other sites More sharing options...
LJ Posted September 29, 2008 Report Share Posted September 29, 2008 Percentage is more important Oct. 19, 1987 508.00 to 1,738.74 22.60% I know that, it is still interesting... jesus, I guess only someone in my line of work would think that Quote Link to comment Share on other sites More sharing options...
2highpsi Posted September 29, 2008 Report Share Posted September 29, 2008 Not saying the Dow didn't take a monumental ass whooping today... just saying Quote Link to comment Share on other sites More sharing options...
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