The Stock Market Just Shot Itself In The Foot

[EasyBakeIndica]

Everyone here should be fine.

1. Get yourself plenty of seeds to grow food.

2. Start a compost pile.

3. Stockpile canned food, salt, and water. You and your family will be fine.

 

[burning_red]

haha,so glad this $700 billion bailout got rejected.That would have been a pussy move by America that would only have delayed the inevitable
but in the meantime gt Britain bailed out bradford and bingleys £50 billion of bad mortgages and loans on the assumption that the U.S was gonna move on the $700 billion.Americas heelhound as usual.Funny shit

 

[greenhead]

haha,so glad this $700 billion bailout got rejected.

There's still going to be some sort of bailout I'm pretty sure, just not this particular one........

 

[funker]

does anyone else find it amusing that these people are all up in arms about how serious this bill is but they are all gonna take rosh hashanna off any way? lol...

its time to let the chips fall where they will and to allow bankruptcy courts to sort out the mess...

if they don't do a bailout it will be much better for the dollar and energy prices...we're going to go into a proper recession whether they do a bailout or not...

if government is going to go crazy and spend this kind of money then it has to be for job creation, spending it on infrastructure and boost construction jobs, manufacturing jobs...that will help prevent another wave of bad paper...

the banks have just got to be forced to put the bad paper on their balance sheets and value it at about 20 cents on the dollar and go from there...if jpmorgan and wells fargo end up owning 80% of the banking industry then its because they were the ones with the least exposure, that's the way it goes...you can always break them up later once shit calms down...

citigroup was the first bank to take its medicine and do real markdowns, it hurt them last year but now their ok to buy wachovia so i think its bogus for these pols to try to scare everyone into to supporting money for stupid banks...

 

[rightwingblazer]

greenhead- i totally agree. you can thank barney frank and chris dodd for the housing crisis.. they made banks give loans to the unqualified, crying racism. these people didnt even have to show proof of income to get a loan because of them.

 

[accessndx]

Stock tips....hook us up!!!

Stock tips....hook us up!!!

Here's the plan, you know all that cash you've been stuffing into the mattress, not knowing what to do with it?

Well, in a few more days, several US companies can be bought cheap.

Some stocks have plunged 70%.

US growers, buy up corporate America, and use your influence to change its laws.

Alright RC: in all seriousness....I'd like to hear what specific stocks and investments you and others think will be good to scoop up. I've got a bit I can play with....and I'd like to see it do well.

 

[TNTBudSticker]

Come on down DOW...meet my price...oh yea..you did,,,,TODAY!!!

Now I wonder which lady is gonna make a pass or strip my clothes off because I told them 2 weeks ago that I was gonna make some cash and be right!

700 billion dollar reject does have revenge

 

[gdawg]

I am against the $85,000,000,000.00 bailout of AIG.
>
> Instead, I’m in favor of giving $85,000,000,000 to
> America in
> a We Deserve It Dividend.
>
> To make the math simple, let’s assume there are
> 200,000,000
> bonafide U.S. Citizens 18+.
>
> Our population is about 301,000,000 +/- counting every man,
> woman
> and child. So 200,000,000 might be a fair stab at adults 18
> and up..
>
> So divide 200 million adults 18+ into $85 billon that
> equals
> $425,000.00.
>
> My plan is to give $425,000 to every person 18+ as a
> We Deserve It Dividend.
>
> Of course, it would NOT be tax free.
> So let’s assume a tax rate of 30%.
>
> Every individual 18+ has to pay $127,500.00 in t axes.
> That sends $25,500,000,000 right back to Uncle Sam.
>
> But it means that every adult 18+ has $297,500.00 in their
> pocket.
> A husband and wife has $595,000.00.
>
> What would you=2
> 0do with $297,500.00 to $595,000.00 in your family?
> Pay off your mortgage – housing crisis solved.
> Repay college loans – what a great boost to new grads
> Put away money for college – it’ll be there
> Save in a bank – create money to loan to entrepreneurs.
> Buy a new car – create jobs
> Invest in the market – capital drives growth
> Pay for your parent’s medical insurance – health care
> improves
> Enable Deadbeat Dads to come clean – or else
>
> Remember this is for every adult U S Citizen 18+
> including the folks
> who lost their jobs at Lehman Brothers and every other
> company
> that is cutting back. And of course, for those serving in
> our Armed
> Forces.
>
> If we’re going to re-distribute wealth let’s really do
> it...instead of
> trickling out
> a puny $1000.00 ( “vote buy” ) economic incentive that
> is being
> proposed by one of our candidates for President.
>
> If we’re going to do an $85 billion bailout, let’s bail
> out every adult
> U S Citizen 18+!
>
> As for AIG – liquidate it.
> Sell off its parts.
> Let American General go back to being American General.
> Sell off the real estate. < BR>Let the private sector
> bargain hunters
> cut it up and clean it up.
>
> Here’s my rationale. We deserve it and AIG doesn’t.
>
> Sure it’s a crazy idea that can “never work.”
>
> But can
> you imagine the Coast-T o-Coast Block Party!
>
> How do you spell Economic Boom?
>
> I trust my fellow adult Americans to know how to use the
> $85 Billion
> We Deserve It Dividend more than I do the geniuses at AIG
> or in
> Washington DC.
>
> And remember, The Birk plan only really costs $59.5 Billion
> because
> $25.5 Billion is returned
> instantly in taxes to Uncle Sam.
>
> Ahhh...I feel so much better getting that off my chest.
>
>
>
>
>
>
>
>
>
> Kindest personal regards,
>
> Birk
hey yall i got this email the other day and thought it was neat, sorry its so long

 

[rightwingblazer]

WHAT exactly does a "community organizer" do? Barack Obama's rise has left many Americans asking themselves that question. Here's a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor credit.

In the name of fairness to minorities, community organizers occupy private offices, chant inside bank lobbies, and confront executives at their homes - and thereby force financial institutions to direct hundreds of millions of dollars in mortgages to low-credit customers.

In other words, community organizers help to undermine the US economy by pushing the banking system into a sinkhole of bad loans. And Obama has spent years training and funding the organizers who do it.

THE seeds of today's financial meltdown lie in the Commu nity Reinvestment Act - a law passed in 1977 and made riskier by unwise amendments and regulatory rulings in later decades.

CRA was meant to encourage banks to make loans to high-risk borrowers, often minorities living in unstable neighborhoods. That has provided an opening to radical groups like ACORN (the Association of Community Organizations for Reform Now) to abuse the law by forcing banks to make hundreds of millions of dollars in "subprime" loans to often uncreditworthy poor and minority customers.

Any bank that wants to expand or merge with another has to show it has complied with CRA - and approval can be held up by complaints filed by groups like ACORN.

In fact, intimidation tactics, public charges of racism and threats to use CRA to block business expansion have enabled ACORN to extract hundreds of millions of dollars in loans and contributions from America's financial institutions.

Banks already overexposed by these shaky loans were pushed still further in the wrong direction when government-sponsored Fannie Mae and Freddie Mac began buying up their bad loans and offering them for sale on world markets.

Fannie and Freddie acted in response to Clinton administration pressure to boost homeownership rates among minorities and the poor. However compassionate the motive, the result of this systematic disregard for normal credit standards has been financial disaster

 

[trouble]

greenhead- i totally agree. you can thank barney frank and chris dodd for the housing crisis.. they made banks give loans to the unqualified, crying racism. these people didnt even have to show proof of income to get a loan because of them.

RWB, you got that right.

Today's subprime mortage meltdown began with a deliberate, foolish effort by the Democrates & the Clinton administration to turn more latinos & african-americans into home owners. Yesterday's "soft & cuddly" Democratic Government program is today's financial "chainsaw massacre".

This whole mortage mess is just another classic case of socialistic governmental intervention gone awry!

I wonder if this current financial crisis is cutting into Barney Franks quality time with his little gay prostitutes?










........................................................................................................

 

[rightwingblazer]

word

 

[bounty29]

gdawg - Let's look at that...

85,000,000,000
....200,000,000

Reduce...

850
2

850/2=425

That's $425 for each of us, before taxes. When was the last chain email you got that was actually something legitimate? Oh the wonders of math...

 

[cocktail frank]

or, we could go on a massive killing spree.
take out 199,800,000 people.
then the math will work!

 

[Blazned]

Since a vote against the bailout plan would be sure to hurt the average american, it's time to step up and remove the politicians that voted against it. It might not be the best plan, but if voting against it is sure to hurt us, then how can we allow these politicians to stay in office.

you got that all wrong, if this society were to collapse because of them not bailing out the corporate fat cats who are burning there candle at both ends isnt going to affect normal americans 1 bit. sure we may miss some meals until we get our shit together, but you know what. normal americans are used to missing meals and living half the month or several months without electricity. its only the big guys that own these corporations and those employed by them that will be hurt. and they aint average americans.those who are saying to stock up on gold and silver and guns are on the right track, and stinkyattic, hes got the best idea yet,, all we really need is food. everyone should be making plans to be self sustaining without the need of the government or anyone else for that matter. if you were, then nothing the market does will affect you much unless you playing with it, and thats ok too if you got the cash. but average americans dont care about that market or the bailout, we trying to keep the kids fed and the lights on. thats reality to us. that market means nothing to me other than a way to play with money and try to make it grow so i can buy up a bunch of gold. but seriously though, its not my job to pay more money in taxes to save a few bad companies who made bad investments. its not my problem either, and like i said it wont affect me that much, however, the difference in taxes it causes will affect me, and everyone else that isnt receiving the corporate welfare that this bailout is. they not going to let our soceity collapse yet, they dont have enough control yet. but if it did collapse right now, it would be the best thing to happen to our nation currently, it would be a chance for "we the people" to gain control of our government again and do away with the "power structure" and the "status Quo" as it currently is and put this nation back on track where our founding fathers intended it to be.not on the path to totalitarianism and corporate fascism and a dictatorship, which are the paths we are currently on. you are either wealthy care free one or ignorant of the way this system works to opress the average citizen. no we dont need to use our tax dollars to bail them out. they need to reap the consequences of writing bad mortages and ripping the people off and everything else they are doing to undermine the strength of their own companies just to put a few more million bucks into their pockets. i didnt see the government giving me money to stop me from losing everything, twice, im on my 3rd go round trying to make it in this screwed up market where new guys are kept down by the very power structure you want to bail out. fuck them, let them take all the profits they made and bail themselves out. let those ceo's bail their own companies out. i gaurantee you all their assets are protected and wont be touched when these companies fail.

 

[bounty29]

sure we may miss some meals until we get our shit together, but you know what. normal americans are used to missing meals and living half the month or several months without electricity

What? What America do you live in?

 

[Blazned]

Well I dont know your financial status, but unless your rich stay tuned cuz it's going to be a wild ride ahead. I hope you already have a decent job, cuz if you dont, good luck finding one!!!!
Everyone knows this problem must be patched, cuz the damage is already done.

see, thats where you still lookin at this all backwards, its the rich who will be affected most by an economic collapse, it wont affect the rest of us much, of course it will affect us but not as much as the rich, they are used to having what they want when they want it, they are not used to doing without basic necessities, its the lower middle class thats used to doing without, the poor are already getting everything handed to them and the rich are used to having everything, its us on the bottom side of the middle, average americans who do without to pay for everything. fuck that bail out. i hope they have top learn what true poverty is maybe they will use their influence to change things instead of oppressing everyone else, cause thats all they gonna have left is their influence. obviously im not talking about the 3% that run the world here, im talking about the middle and upper middle classes that seem to have the american dream. they will learn that their bmw and those tbills and their hugo boss suits etc. etc. cant feed their kids. plain and simple. i dont think i could ever be that rich, because id be helping everyone i saw who had a legit need along the wau and spending it all for that. maybe id travel a little in the process, but i couldnt be that rich. like i said id spend it all helping the ones who have no help.

 

[Care Free 1]

Hi Blazend
Sorry, but the way I see it is, when the financial institutions that have the money that drive the economy are in trouble, and are in need of a bailout to keep our economy alive, I think we need to do this. Dont you think a depression hurts the average american? Study the history of the 1930's.

 

[Blazned]

What? What America do you live in?

the abject poverty in the deep south is bad, just open your eyes, i live in the america where people only make $200-400 a week take home and it cost them 50-75 dollars a week for gas, 750 and up for rent, car insurance is mandatory, light bills cost on average between 150-200 a month for a small family etc.etc. etc. not enough to live on, and yes many people in many places go withou electricity all the time just so their kids can eat, see the problem is they have suckered everyone into a ton of debt that most could not afford to start with, and now they are strung out paying all this debt and because of their gross income do not qualify for welfare. but actually need it more than the crack mamas who get it. take a walk into the heart of any major city anywhere in the us. you will see, but to say waht you just said tells me you have never been to these places and are too chicken shit to go there. another ostrich with his head in the sand. keep believing what you see on the news thinking thats the reality of this nation, go ahead, keep believing that shit. i have gon without electricity myself 8 months out of the last 4 years. and yes i only usually eat 1 meal a day sometimes 2. if i had kids myself iwouldnt be eating much at all. i dont know how the people with kids even do it.

 

[bounty29]

Maybe they shouldn't be having kids if they can't afford to feed them. Oh no, that's not reasonable...

 

[gdawg]

gdawg - Let's look at that...

85,000,000,000
....200,000,000

Reduce...

850
2

850/2=425

That's $425 for each of us, before taxes. When was the last chain email you got that was actually something legitimate? Oh the wonders of math...

well i could still use that, fuck them mofos