So the House of Rep\'s reject bill 228-205, stock market, which was already down, dropped 777 points (a new record).
Thank you Republican(t\'s). I know that this isn\'t the ideal plan for anyone and no one wants to pay more taxes, but something has to be done. I\'ll actually give Bush a little credit because he\'s actually trying to get this deal worked out, but his party just doesn\'t seem to get it.
Thank you Republican(t\'s). I know that this isn\'t the ideal plan for anyone and no one wants to pay more taxes, but something has to be done. I\'ll actually give Bush a little credit because he\'s actually trying to get this deal worked out, but his party just doesn\'t seem to get it.
It appears as though the republicans (of which I am one, registered, donating and all that
****) are actively trying to create another Great Depression.
I can see it now;
In US history classes 80 years from now, kids will learn how "margin trading" caused, or was the scapegoat for the Great Depression in the late 1920s, after a decade of politcal corruption, corporate free-for-all and a general "anything goes" mentality. The country was "rescued" from the Great Depression by the largest expansion of the federal government, and by a world war started by a former great power which felt it had been jilted after a defeat in a previous war, and an up-and-coming eastern power which saught what it thought was it\'s rightful place on the world stage.
Eighty years after the first Great Depsression, there was the Second Depression. The causes of this Second Depression, were largely the same; it was preceded by a decade of politcal corruption and corporate free for all. The root of the new finicial crisis was again caused by a new finicial instrument - subprime mortages and mortage-backed securties - that, when they failed, took the entire market down with them.
At the time of the Second Depression, there was a former world power which felt it had been jilted after it\'s defeat in a previous war and an eastern power which saught to assume what it thought was its rightful place on the world stage.
People I work with have been saying things like "Is this how this administration operates? Based off fear? "Trust us that we have to go to war in Iraq, they have WMDs." Well, they were wrong about that. Now they are sayign "Trust us about the ecomony." But they have been wrong before."
I disagree with that argument because the politcal leadership of both parties were behind this bill. It was the fringe members on both sides that killed it. Whether or not Speaker Polici gave a politcal speach before the bill doesn\'t matter.
If your party\'s new theme is "Country First"
**** do it.
frankly, i don\'t mind seeing them actually taking some time and making a prudent decision about all of this. i mean, its about time that congress actually contemplated things before signing blank checks. now, should they take a long time? no. but should they rubber stamp this president\'s/administration\'s plan? based on their previous plans, i\'d have to say HELL NO!
also, i think their slogan was a misprint.... i have been told by several folks \'in the know\' that it was supposed to be \'Companies First\' but someone made a typo.... :evil:
the most clown shoes (clown shoes is my word of the day), thing I heard yesterday was that 12 republicans switched their vote because of the speech that stupid broad Nancy P. gave before the vote.
are you freakin\' kidding me, the worlds economy is threatening a crumble that rivals the great depression and you\'re switchin\' yer vote out of spite?
Our government is definitely part of the problem. It\'s time for a regime change in our own country.
It appears as though the republicans (of which I am one, registered, donating and all that ****) are actively trying to create another Great Depression.
Sucks to be throwing all that money in the shitter.
It appears as though the republicans (of which I am one, registered, donating and all that ****) are actively trying to create another Great Depression.
Sucks to be throwing all that money in the shitter.
The shitter is what this country will be in if they don\'t do something soon. People fail to realize the ripple effect of this melt down.
yeah, this definitely needs to happen, its the how and under what conditions that will hopefully be given some sober thought...
I agree that this plan is not something that should just be slapped together, but people are losing more and more of their life savings while the house keeps rejecting these bills.
if the fat cats would stop thinking about how they\'re gonna line there pockets from this deal and starting thinking about the rest of us we\'ll all be better off. the US state of politics is the most hypocritical clown shoes
**** show this world has ever seen.
smoke and mirrors my friends
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Here is how I see it...
For the past twenty years, our government has proclaimed they want us to be the nation of ownership or some crap. Therefore through legislation like the "community reinvestment act" and so on persuaded banks to relax their credit polices. This ofcourse results in banks extending credit to people who frankly can\'t afford it. But this is ok, because the prices of homes are going up, and deadbeats can take out second mortgages and have all the money they want. Meanwhile the banks take the mortgages, sell them off, they become securitized, where these big investment banks and corporations buy them.
Now fastforward when all these shitty ARM mortgages rate\'s go up after 5 years. People can\'t pay their mortgages, they default, the banks get screwed, these big companies get screwed, because nowadays so many more people have a stake in someone\'s loan.
Now my concern is when these big Investment banks bought these mortgage securities, they bought them based on their credit ratings. Moodys S&P etc. gave all these securites A ratings, meaning low risk.
Now these banks were basically paying the ratings agencies for the good ratings. Why isn\'t anyone going after these companies that falsely rated these mortgage backed securities? I feel that if these securites were accurately rated to begin with, so many of these big companies wouldn\'t have such a high stake in them.
i just dumped all the money i had in stocks that were doing well to buy up as many shares of the cheap good stocks...... it\'s a long shot but with any luck i\'ll be able to make up some of the loot i lost. either that or i just lost a couple grand. i guess i\'ll find out tomorrow when the bail-out goes through......
It\'s all explained in Part III
http://www.zeitgeistmovie.com/
This is the propaganda you peddle these days?
i just dumped all the money i had in stocks that were doing well to buy up as many shares of the cheap good stocks...... it\'s a long shot but with any luck i\'ll be able to make up some of the loot i lost. either that or i just lost a couple grand. i guess i\'ll find out tomorrow when the bail-out goes through......
I took the liberty of having my crack team of financial analysts look into your stock market moves and the following chart is our forecast of your investments.
