I told you so

Vanity | 29 September 2008 | JasonC

[StrictTime]

I will always say no to socialism.

[Crim]

Burn baby burn....

[cripplecreek]

[JasonC]

Say whatever you like, the Fed and FDIC will act. You aren't stopping them from acting, you are just requiring them to act on 10 times the scale.

[tenger]

we were in this situation before the bail out theory...no indication that the people with the bail out money intended to change their habits...so we are just facing realty rather than postponing it for a worse reality....

[DLfromthedesert]

Oil is dropping; so there IS a silver lining.

[JennysCool]

I wish I’d invested in Self-Serving Free Republic Vanities two weeks ago. I’d be a trillionaire.

[itsPatAmerican]

I will always say no to socialism.

I think AIG, where we actually nationalized a company, is much more socialist than this bailout. Why aren't we making a bigger stink about that? This bailout buys distressed securities, but doesn't nationalize any companies.

[syriacus]

Why did Tipsy Nancy Pelosi give that nasty speech?

She made me think things are NOT the same as she has been telling us they are.

Something smells fishy.

[raptor29]

If the ‘value’ of these stocks and other assets is legit, the money will come back to them in short order. And if the value is actually phony and inflated (which it is) then it’s proper economics for those assets to go to their proper valuations. Those who are so flustered by the DOW going down or their phony real estate equity disappearing are simply beneficiaries of a phony run-up, and you want the rest of the country to dig deep so as to keep your phony assets propped up. Sorry if I don’t really care.

[MNJohnnie]

How many times are you simply going to make up total bullshit and call it facts? Your “facts” here are wholly without any base in reality. Total make believe. Utter nonsense. What vanished today was some decimal places on some balance sheets. Nothing more.

[gost2]

That’s like saying no to the ocean when you find yourself adrift without a boat in the exact middle of the Atlantic.

[proudtobeanamerican1]

Oh, so now we judge the effects on 1 days trading and not days, weeks or even years. The market will work itself out. Companies will purchase other companies. The sun will rise. I guarantee it.

[Notary Sojac]

before you admit the possibility that others might actually know something about it,

Like the person quoted here?

In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy. “It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”

[johniegrad]

You forgot “shameless” in your list of adjectives.

[JasonC]

Net mortgage issuance in calendar 2005 was $1.1 trillion. Net mortgage issuance in the 2nd quarter of this year, annual rate, was $80 billion. US financials are worth less than half what they were worth a year ago, half the major companies then don't exist, and you can count the ones with the same CEO on one hand and they are all the stand outs.

They changed their habits quite decisively, thank you very much. But you haven't changed any of yours. Don't worry, you will get to, and soon enough.

[Bommer]

How many times does this have to blow up in your face in succession, before you admit the possibility that others might actually know something about it, and you might actually be wrong?

Wow! Let me ask you something. Do you get autograph seekers when your a legend in your own mind?

"see my broker is JasonC and he says....." when JasonC talks.....nobody gives a sh!t!

[MNJohnnie]

Scream hysterical all you like. You don't change your hysteria to fact by screaming it louder. This is a totally necessary adjustment in the market. You don't get to ride Capitalism on the way up then scream for socialism on the way down. We are NOT here to insure YOUR risks.