Posted on 09/25/2008 5:12:03 PM PDT by GreyWolf
;-)
Wall Street will vote?
What exactly is Wall Street voting on?
>> Crash.
Then sell.
Writing a blank check for a trillion dollars to a democrat Congress led possibly by a marxist POTUS in 4 months is something I'm not interested in.
Cripes, there will be blood in the streets tomorrow.
Maybe thats for the best. i've felt that the stock market has held us hostage for a year and a half now. Interest rates have been cut...but that diesn't seem to satisfy the pigs on Wall Street. Fannie Mae and Freddie Mac have been bailed out...but that doesn't seem to satisfy the pigs.
Let the stock market tank...the pigs on Wall Street have a lot more to lose than the average man. The pigs will have to give up their 8 martini breakfasts while the rest of us will still be eating Wheaties. I'm tired of the stock market trying to dictate everything in this country.
Who are we really providing welfare to? The banks on Wall Street made awful business decisions, but these decisions came about in large part because deadbeat home owners bought homes they couldn’t afford. And let’s not forget about all of these deadbeat “developers” who have thrown a lot of cash around (especially here in PA). These people had awful business plans, built condos and shopping centers nobody wanted and when it was clear they couldn’t be sold, abandoned the property and stiffed the banks.
This whole mess is due to the fact that we built our economy on debt. We were like the grasshopper who fritted away the summer and come winter has no food. Well, fall is here and our cash pantry is bare. Now we all have to pay the price.
I am with you — I don’t understand why people won’t take this seriously and want to wait to see the markets crash and retirements wiped out not to mention jobs everywhere. Plenty of time to assess blame but right now there must be a solution before the markets go into a tailspin on Monday.
It is like hitting your head against a brick wall. Americans are depending on the Congress and President to do something and the Dems are playing politics as usual and people are in here are saying no bailout. It is not a bailout for Wall Street like you said, it is a bailout for Americans and without it, it is going to be really bad.
What exactly is Wall Street voting on?
~~~
That’s what I wanna know!!!
I’ll vote now,,,
No Bail-Out!
Let It Burn...
We also live in a nation with a Constitution which limits the powers of government to what is specified in writing. Neither Congress, POTUS, nor Judicary has the authority to authorize this bailout. The return to these principles may hurt a bit but in the long run will insure the survival of our nation. Remember also that POTUS Washington warned us about entanglements.
I am investing in Freerepublic.com
There are an awful lot of average Americans who have their 401Ks invested in Wall Street stocks. 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.
Say hello to President Obama, a free trade/open market fan to be sure.
Couldn’t have said it better myself.
Vote for what?
______________________
The market will tank very early, right on cue, and panic will set in. We’ll hear horror stories of what’s to follow because of the Republicans. New York Times will have 2,000 negative stories on the front page, all predicting doom and gloom because of McCain’s unwelcome involvement. In the end we’ll end up getting a plan that guarantees nothing, is only a partial patch that doesn’t address most of the issues important to the American people or the financial community.
Congress will declare the problem solved and go home for another extended break.
Sadly, too many do not see it that way. They don’t understand, or don’t want to understand, the impact of a deflating economy.
This industry that espouses free markets is no such thing.
They are frauds looking for an easy mark to cover their arse when they lose.
This country needs to give Wall Street a swift kick in the arse and think about other ways than Wall Street to run its financial affairs.
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.
Markets already know the bill may be all but dead. S&P E-mini futures are only down about 15 pts, a little over 1%. If it was as catastrophic as the Wall Streeters wanted you to believe, futures would be off 60 pts at least.
On trading desks there’s a saying: If you don’t know who the sucker is in the room, you’re it. Taxpayers are now realizing they’re the sucker.
“Plenty of time to assess blame”
Yup. Imagine if you will that some fool falls asleep in his bed with a cigarette and his house burns. Do we say to the fire department - don’t put out that fire because the fool brought it on himself, or do we look at the fact that if it isn’t put out, it will spread to the entire neighborhood?
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