Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Charles Krauthammer: Wall Street Will Vote at 9:30 AM Friday
Fox News Channel

Posted on 09/25/2008 5:12:03 PM PDT by GreyWolf

Krauthammer just said on FNC that if the "bailout" is not resolved tonight, the market will vote at the opening bell Friday.


TOPICS: Government; Politics/Elections
KEYWORDS: 110th; bailout; financialcrisis; govwatch; krauthammer; mccain; moneylist; obama; wallstreet
Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140 ... 201 next last
To: PhiKapMom
Americans are depending on the Congress and President to do something

Can you point me to the Article and Section of the US Constitution which authorizes Congress to spend a single dime of taxpayer money to 'bail out' anyone?

Thanks in advance.

L

101 posted on 09/25/2008 6:22:23 PM PDT by Lurker (She's not a lesbian, she doesn't whine, she doesn't hate her country, and she's not afraid of guns.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: NoControllingLegalAuthority

Live or Die a free man sound great but are we really free.
Payroll tax, Property tax, Sales tax when does it stop.

I keep telling my wife we are going to move to the great northwest and leave civilization. So far she is not interested.

We need to be on our knees praying for guidance for our leaders. If may be to late for our country but as long as you live it is never to late for you.


102 posted on 09/25/2008 6:25:05 PM PDT by Bailee
[ Post Reply | Private Reply | To 82 | View Replies]

To: GreyWolf

This is so amazing. I am a die hard Conservative Republican, life long. Yes I work for a Large Wall Street Firm. Here is the deal, forget about the equity market, it is the Money market, Bond Market that is Frozen, that effects all of America! Last Wendsday Commercial Paper froze up. It will happen again if we do not do something, once that stops the game changes. Just like 7 day AMS it may never restart. What does that effect, everything from Visa transactions, to Payrolls, to all lines of credit, banks have stoped lending to each other.

THere has been 189 billion barrowed from the Discount Window THis week to keep things rolling. THis is not 1929, this is worst, not an equity collaspe, but a Fixed Income/Money market failure. lines of credit will be withrawn, small company that rely of that to meet its cash needs will not make payroll, companys that issue Paper for its daily liquidy needs will not beable to meet obligations.

I can handle the equity market down 2000 points, it would mean there are some great equity buys, but id the the entire financial credit market was to fail then it would change America forever. WE can not handle a 1930’s style run on the banks!

Capitalism is based on the flow of capital, if this fails, we will become a socialst country.


103 posted on 09/25/2008 6:25:30 PM PDT by BQ91
[ Post Reply | Private Reply | To 1 | View Replies]

To: NRG1973

“If the stock market tanks, those baby boomers will have to work a few extra years, holding jobs that would be opening up for younger employees.”

The younger employees will get the jobs because their salaries will be lower. The older employees will scurry after being laid off and likely get work at half their old salaries. It’s been happening for decades already and this will just accelerate when the market tanks.


104 posted on 09/25/2008 6:27:57 PM PDT by Domestic Church (AMDG....)
[ Post Reply | Private Reply | To 42 | View Replies]

To: jwalsh07
If the market crashes, Obama will be the next president. Count on the drive-bys to lead the voting heard in that direction. Add to that a Democrat congress and we'll have wall-to-wall Democrats writing trillion dollar "blank checks" as far as the eye can see. Just sayin', "yours" won't be left "alone" no matter which road we take on this.

I reject your premise which hapens to be the following: To defeat socialism we must become socialists.

I didn't offer any bail-out solution. As I said, I'm "just sayin'" what will probably happen here.

You're a smart guy, think it through a bit. There's no need to accept legislation that makes the SecTreasury the King of America. There are better solutions more in tune with conservative principles and free market capitalism. There is no need to drink the socialist tea and like it.

Oh of course there are better solutions than what the SOT wants. Now look at our majority Democrat Congress, look at our traitorous media and look at the Democrat fraud Obama running for president. This is exactly what they wanted.

You are a smart guy too, so think it through. What do you think is going to happen?

105 posted on 09/25/2008 6:28:57 PM PDT by FreeReign
[ Post Reply | Private Reply | To 92 | View Replies]

To: jwalsh07
More BS. I have no debt. You want to know why? Because I busted my ass my whole life paying as I went. So now that I've paid for my home, my goods, my cars and my kids education I have to bust my ass for another 15 years paying for somebody else that lived the high life in homes and cars they couldn't afford while sending their kids to school on the public dime? Nope, I'm done with this shit. No more compassionate conservatism here. No more allowing the government to fix what the government effed up and then thanking Chris Dodd and Barney Frank for forcing banks to lend to poor credit risks so they could save me from the beast. They are the damn beasts.

I'm with you, brother. Busted my ass when I was young with overtime a given. Married a woman with the same values. Splurged on a nice riparian property. (Almost paid off). Ira-check. 401(k)-check. One other investment-a safe full of guns with 500 rds. for each. (5,000 for the .22) Will I be pissed when my investments lose 90% of their value? Yeah, for a while. But the squirrels and rabbits and deer out back better watch out. Wall Street and D.C. be damned.

106 posted on 09/25/2008 6:31:21 PM PDT by SnuffaBolshevik
[ Post Reply | Private Reply | To 38 | View Replies]

To: BQ91

I don’t know if this would happen, but I fear that it might. That does not mean the Paulson or Son of Paulson plan is the solution, however. I agree something must be done, but there is truth in the argument that a bailout now might well lead to a bigger fall later. The real question is, what is the likelihood of a total money market/bond market collapse? I’ve read so much stuff the past few days (not just here, but throughout the web) that I don’t know. Over at mises.org, their writers seem to think that a crash would not be so terrific and would be a better result. They were pretty spot on in predicting this bust, so I tend to trust them somewhat (though I totally disagree on their unequivocal anti-nationalist stance). On pure economic questions, however, they are pretty prescient.


107 posted on 09/25/2008 6:33:14 PM PDT by Ilya Mourometz
[ Post Reply | Private Reply | To 103 | View Replies]

To: FreeReign

This crisis is not about the stock market, it is about the Fixed income market! There are some people who work on the street that are Bond traders not equity traders. Right now as of today some primary dealers cannot meet T_Bill obligations, because that is the only thing people and institutions are buying and hording, all other paper is not trading, including commercial paper, overnight paper, etc!!! this will kill the money markets.. State Street and BK-Mellon are under a huge squeeze right now, as the main Money market trustees on the street!


108 posted on 09/25/2008 6:34:49 PM PDT by BQ91
[ Post Reply | Private Reply | To 105 | View Replies]

To: Eva

I lost 1/3rd of my retirement in the last few months...


109 posted on 09/25/2008 6:37:24 PM PDT by Sacajaweau (I'm planting corn...Have to feed my car...)
[ Post Reply | Private Reply | To 32 | View Replies]

To: FreeReign
I think the Republicans have the upper hand. I think that because liberals, moderates and conservatives alike are loathe to give a blank check to Wall Street which opens up opportunities for smart republicans like Eric Cantor to put together a package that will attract democrats and McCain. McCain will be the salesman in chief. There is no need to give the socialists a blank check. The financial markets can not be made whole but Cantor and cohorts can devise a plan to get liquidity back into the market with a minimum of socializing losses and without giving anybody a blank check good for a trillion or two.
110 posted on 09/25/2008 6:38:01 PM PDT by jwalsh07 (MSM Lied, Journalism Died. RIP 2008)
[ Post Reply | Private Reply | To 105 | View Replies]

To: IM2MAD
Does anyone know the particulars of the two proposals?

Wish I did... it's hard to debate the subject with no info at all.

111 posted on 09/25/2008 6:38:42 PM PDT by Cementjungle
[ Post Reply | Private Reply | To 14 | View Replies]

To: jwalsh07

YES Brother!!

I pay cash for everything but the house. I pay no interest to CC companies. Saved my butt off all my life and forgoed luxuries I easily could have had !!!!!!!!!!!!

I am doing fine, absolutely fine. Diversifiedso I will lose a lot, but still a lot in cash reserves.

Now people like us gotta foot the bill for incompetency...???????????


112 posted on 09/25/2008 6:39:31 PM PDT by LiveFreeOrDie2001 (It's not Obama, it's O-bey-me !!!)
[ Post Reply | Private Reply | To 38 | View Replies]

To: jwalsh07

You need to understand that it’s impossible to leave your money alone. If we don’t stop the fire, you own house will burn down. And you will lose money. Big time.


113 posted on 09/25/2008 6:39:55 PM PDT by Cousin Eddie
[ Post Reply | Private Reply | To 25 | View Replies]

To: Ilya Mourometz
The real question is, what is the likelihood of a total money market/bond market collapse?

The probability is good. The von Mises folks believe that once it is over, we go back to some variation of the gold standard. There is a case to be made for that, but only if you are willing to live within the limits set by the Constitution, something we haven't done since March 1933. Neither our domestic nor our overseas military postures are set up for that kind of draconian change.

I saw the following on a leftist website (Democracy Now!), and it has circulated in the gold community via Jim Sinclair's and Bill Murphy's websites.

--- BEGIN ---

Army Unit to Deploy in October for Domestic Operations

Beginning in October, the Army plans to station an active unit inside the United States for the first time to serve as an on-call federal response in times of emergency. The 3rd Infantry Division’s 1st Brigade Combat Team has spent thirty-five of the last sixty months in Iraq, but now the unit is training for domestic operations. The unit will soon be under the day-to-day control of US Army North, the Army service component of Northern Command. The Army Times reports this new mission marks the first time an active unit has been given a dedicated assignment to Northern Command. The paper says the Army unit may be called upon to help with civil unrest and crowd control. The soldiers are learning to use so-called nonlethal weapons designed to subdue unruly or dangerous individuals and crowds.

--- END ---

I read that, and I felt a tingle go down my spine -- and it wasn't the kind of tingle Chris Matthews got up his leg whenever he heard Obama.

114 posted on 09/25/2008 6:40:31 PM PDT by Publius (Atlas is getting ready to shrug.)
[ Post Reply | Private Reply | To 107 | View Replies]

To: padre35

WHY is it “tomorrow”...??????

What’s so special about tomorrow that all hell will break loose...??????


115 posted on 09/25/2008 6:41:24 PM PDT by LiveFreeOrDie2001 (It's not Obama, it's O-bey-me !!!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: BQ91

Finally someone gets it. Banks hoarding/freezing cash means everything shutdown. It doesnt matter if you have debt or not. You got money in the bank you just cannot get it. Sorry come back tomorrow.

Welcome to 1929. Have you started hoarding cash yet?


116 posted on 09/25/2008 6:41:29 PM PDT by Bailee
[ Post Reply | Private Reply | To 103 | View Replies]

To: Shqipo

I disagree. If there is a major problem, they will leak it slowly over Friday and Monday. Two 2.5% down days are better than one 5% down day, politically speaking.


117 posted on 09/25/2008 6:42:50 PM PDT by Thane_Banquo (You can put lipstick on a donkey, but it's still just a jackass.)
[ Post Reply | Private Reply | To 59 | View Replies]

To: Cousin Eddie

I’ve lost money before. My wife, kids and grandkids still loved me. I’ve seen panic before as well. Most people panic in a crisis. Others stay cool enough to do what has to be done. You’re a panicker.


118 posted on 09/25/2008 6:43:10 PM PDT by jwalsh07 (MSM Lied, Journalism Died. RIP 2008)
[ Post Reply | Private Reply | To 113 | View Replies]

To: GreyWolf

They might have a tantrum Friday morning...


119 posted on 09/25/2008 6:43:10 PM PDT by GOPJ (Let free markets work - stupid companies SHOULD go belly-up - including Frannie and Freddie.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: HokieMom
Vote for what?

They'll vote on whether we jumped high enough when they yelled "jump".

120 posted on 09/25/2008 6:45:22 PM PDT by GOPJ (Let free markets work - stupid companies SHOULD go belly-up - including Frannie and Freddie.)
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140 ... 201 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson