Posted on 03/03/2009 5:51:36 PM PST by Lady GOP
US banks may need more bail-outs, says Ben Bernanke Stock markets across the world suffered a second day of turbulence as the Chairman of the Federal Reserve warned that the US Government may have to pour even more cash into the twin bail-outs of its financial and economic systems.
(Excerpt) Read more at telegraph.co.uk ...
Let them fail, and the chips fall where they may. enough of my money already.
The comments saw the benchmark Dow Jones index of leading US stocks to drop 30 points, having dropped beneath the 7,000 mark on Monday for the first time in 12 years. It finished the day down 37.27 points, or 0.55pc, at 6726.02.
Ditto.
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lets just suck the country dry filling up these black holes
People can only take so much....
MAY! MAY! ...-—...-—...-— S&P nose diving past 700. GET ANY AND ALL CASH YOU CAN NOW!!!
Looks like they are not going that route.
The first trillion was supposed to prevent exactly what’s happening now.
WeimarRepublic here we come.....
Of course not, the banks are to big to fail, what crap.
When does Congress have to vote to authorize an increase in the federal debt in order to borrow more money. I don’t think I’ve heard anything about when they will run out of authorization to borrow, and without that they are stopped dead in their tracks.
Seems to me I remember seeing a news story several times a year when the debt limit was getting near and there was much talk about having to authorize a higher limit or stop spending.
And because it failed and because of its good intentions (or some such ****) the dems will try again, only this time it will be $2 or $3 Trillion.
Yeah what fun! The dollar is well on its way to being worthless.
Somehow I think weve blown past that. Yes they need to be stopped.
We’ll never get it back, either.
Bull-friggin-crap! Bernanke can go jump off a cliff! The banks are not lending - credit markets are frozen solid. We give them money so they can pump it into the economy and what do the banks do with it? Sit on it. The auto industry model (while admittedly flawed) was based on a steady stream of people buying cars. Just go out there and try to buy one! You get terms that no sane person would agree to unless you plan to pay for one in cash. So what - a few mortgages end up in foreclosure/bankruptcy. Big whoop - so their profits are a few million or billion less. Read my lips - NO MORE BAILOUTS!!!!
It is not our money, it is the governments money. How did I ever manage to forget that? /SARCASM
Its sickening. I dont even want to talk about it anymore. I just cant believe the audacity of these boobs.
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