RedScare Posted October 3, 2008 Share Posted October 3, 2008 Let's ignore that both houses of Congress were owned by the Dems the majority of the time for the last 40+ years.. They have nothing to do with economics right? Like taxing and spending.. I didn't ignore the Democratic Congress. The guy who made this really cool chart did. If you have one of Congress, I'd love to see it. Dow Jones Industrial Average Bush Inauguration: 10,587.59 Second Bush Inauguration: 10,471.47 Today: 10,325.38 Link to comment Share on other sites More sharing options...
N Judah Posted October 3, 2008 Share Posted October 3, 2008 Barney Frank is totally corrupt. He's a total lackey for the Greenwich Greedsters. Link to comment Share on other sites More sharing options...
crunchtastic Posted October 4, 2008 Share Posted October 4, 2008 I'm happy to know that my rep, Gene Green, stuck to his no vote. (Unlike Ms. Jackson Lee). He will get my vote again. Shout out to Beautiful Southwest Houston, Nick Lampson stuck to no as well. Ron Paul, goes without saying. Link to comment Share on other sites More sharing options...
musicman Posted October 4, 2008 Share Posted October 4, 2008 Barney Frank is totally corrupt.yes. yes. yes..i cant find my glasses to vote yes again....that is bad Link to comment Share on other sites More sharing options...
musicman Posted October 4, 2008 Share Posted October 4, 2008 Barney Frank is totally corrupt. yes. yes. yes..i cant find my glasses to vote yes again....that is bada black person told me my armani glasses are worth another vote....macbro...still in denial or looking for a handout? Link to comment Share on other sites More sharing options...
musicman Posted October 4, 2008 Share Posted October 4, 2008 I'm happy to know that my rep, Gene Green, stuck to his no vote. (Unlike Ms. Jackson Lee). He will get my vote again. Shout out to Beautiful Southwest Houston, Nick Lampson stuck to no as well. Ron Paul, goes without saying.who voted yes with sheila? Link to comment Share on other sites More sharing options...
houstonmacbro Posted October 4, 2008 Share Posted October 4, 2008 a black person told me my armani glasses are worth another vote....macbro...still in denial or looking for a handout?What are you talking about? A handout?Is this your pitiful attempt at race-baiting by mentioning a black person? Link to comment Share on other sites More sharing options...
musicman Posted October 4, 2008 Share Posted October 4, 2008 were talking politics and he told me they knew who i was voting for cause of my glasses. it just went downhill from there. Link to comment Share on other sites More sharing options...
TJones Posted October 4, 2008 Share Posted October 4, 2008 were talking politics and he told me they knew who i was voting for cause of my glasses. it just went downhill from there.I got the lenscrafter's 2 for $99, I even threw an extra $20 in so I could get one pair tinted. Who am I voting for Macbro ??? Link to comment Share on other sites More sharing options...
editor Posted October 4, 2008 Share Posted October 4, 2008 Let's keep it on topic, people. Link to comment Share on other sites More sharing options...
Mark F. Barnes Posted October 5, 2008 Share Posted October 5, 2008 I saw this on Bill Mahr the last night and I about fainted. Where is the real Alec Baldwin, this has to be an imposter. Link to comment Share on other sites More sharing options...
N Judah Posted October 5, 2008 Share Posted October 5, 2008 That's great...they slap $150 billion in extra pork and the citizen outrage completely disappears. What a country. I guess everyone has their price. Link to comment Share on other sites More sharing options...
westguy Posted October 5, 2008 Share Posted October 5, 2008 A stock injection option inserted into the signed Senate version, could essentially make the US taxpayers owners of preferred stock. The problem is that this has to be exercised at the discretion of the treasury secretary, and it's doubtful that Paulson would do this (even if it is supported overwhelmingly by economists.)Link Link to comment Share on other sites More sharing options...
N Judah Posted October 5, 2008 Share Posted October 5, 2008 Well this is interesting.http://www.guardian.co.uk/business/2008/oc....street.bailoutSo they don't like the curbs on executive pay? Then I hope they know what they're doing...if their non participation tanks the economy people will be really mad. Link to comment Share on other sites More sharing options...
Mark F. Barnes Posted October 5, 2008 Share Posted October 5, 2008 60 minutes is running a special on Credit Default Swaps right this minute, very very interesting. What a scam............... Link to comment Share on other sites More sharing options...
N Judah Posted October 5, 2008 Share Posted October 5, 2008 They found a flaw in the financial system and mobilized themselves around it. The hedge funds are sort of like computer hackers in that sense. "Hack the world!" Link to comment Share on other sites More sharing options...
Mark F. Barnes Posted October 5, 2008 Share Posted October 5, 2008 This guy Robert Pickle is a real piece of work. Link to comment Share on other sites More sharing options...
Subdude Posted October 6, 2008 Author Share Posted October 6, 2008 And the bailout plan: FAIL !Dow down -157.15 todayIt seems to be a common idea that stock market indices, and the Dow in particular, serve as sort of all-knowing oracles that speak with one voice for "the market". This is probably fostered by financial reporting that inevitably treats market movements as reactions to news stories. In reality most days are probably just random noise on an aggregate level. I don't think one can infer that a decline of this size amounts to a verdict one way or another on the bailout. In the event, the relevant numbers for judging whether the bailout is successful are LIBOR/EURIBOR quotes. Link to comment Share on other sites More sharing options...
RedScare Posted October 6, 2008 Share Posted October 6, 2008 They found a flaw in the financial system and mobilized themselves around it. The hedge funds are sort of like computer hackers in that sense. "Hack the world!"Not so much a flaw, but an unregulated area, one where they could do what they wanted...and they did.For those who did not see it last night, here is the web version.60 Minutes Link to comment Share on other sites More sharing options...
Mark F. Barnes Posted October 6, 2008 Share Posted October 6, 2008 Red did you see the expressions on that smug bastard Pickle's face when he was confromted on the issues at hand? That smirk and raising the eyebrow? I could smash that sumbitch till his face was mush and not lose a minutes sleep. Man that burned my ass to watch. Link to comment Share on other sites More sharing options...
memebag Posted October 6, 2008 Share Posted October 6, 2008 They found a flaw in the financial system and mobilized themselves around it. The hedge funds are sort of like computer hackers in that sense. "Hack the world!"They didn't just stumble upon a flaw. They lobbied to create that flaw and protect it from regulation. (See Phil Gramm and the "Commodity Futures Modernization Act".) They went out of their way to harm the long term future of their investors, their corporations and the United States in exchange for short term gains. Link to comment Share on other sites More sharing options...
Mark F. Barnes Posted October 6, 2008 Share Posted October 6, 2008 I'm feeling bailed outDow is dumping again, -471 Link to comment Share on other sites More sharing options...
Mark F. Barnes Posted October 6, 2008 Share Posted October 6, 2008 Not getting any better DJI 9,800.19 -525.19 (-5.09%) Link to comment Share on other sites More sharing options...
Subdude Posted October 6, 2008 Author Share Posted October 6, 2008 Dow down 729 now, S&P down 8% The European markets were absolutely brutal. FTSE had it's biggest 1-day point loss ever. All of this after the Fed announced it was doubling down on its liquidity provisions to the market. Now they are dropping hints about providing funds directly to businesses other than banks. Perhaps proving the saying that it is an ill wind that blows no good, oil is at $88.31 (remember the panic it would increase to $200?) USD/EUR has plunged to 1.35, which I suppose is good news if you like a strong dollar. Link to comment Share on other sites More sharing options...
Mark F. Barnes Posted October 6, 2008 Share Posted October 6, 2008 Getting my ass handed to me today Link to comment Share on other sites More sharing options...
memebag Posted October 6, 2008 Share Posted October 6, 2008 Paulson (ex-Goldman Sachs) just picked Neel Kashkari (also ex-Goldman Sachs) to be the interim head of the bail out. Link to comment Share on other sites More sharing options...
Mark F. Barnes Posted October 6, 2008 Share Posted October 6, 2008 Well rebounded a little before the close Link to comment Share on other sites More sharing options...
BryanS Posted October 7, 2008 Share Posted October 7, 2008 Dow down 729 now, S&P down 8% The European markets were absolutely brutal. FTSE had it's biggest 1-day point loss ever. All of this after the Fed announced it was doubling down on its liquidity provisions to the market. Now they are dropping hints about providing funds directly to businesses other than banks. Perhaps proving the saying that it is an ill wind that blows no good, oil is at $88.31 (remember the panic it would increase to $200?) USD/EUR has plunged to 1.35, which I suppose is good news if you like a strong dollar. Days of the 4-digit DOW are here... We're headed even lower. I have feeling we're going to see a lot of 2 steps back, 1 step forward for quite a while... In my opinion, everything is over valued... stocks, oil, housing, etc... Link to comment Share on other sites More sharing options...
Mark F. Barnes Posted October 7, 2008 Share Posted October 7, 2008 Jim Rogers has an interesting take Link to comment Share on other sites More sharing options...
TJones Posted October 7, 2008 Share Posted October 7, 2008 Well rebounded a little before the close So, you only lost $128k yesterday ? THAT SUCKS ! But, looking at the market the past few days, it looks like you have taken a real bloodbath. I hate it for you. Link to comment Share on other sites More sharing options...
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