Posted on 10/06/2008 7:45:09 AM PDT by Thane_Banquo
Looking at hugh panic in global mkts right now. This is vey series.
Australian dollar off almost 8.6% on the day against the USD. One bank said they are seeing literally NO BIDS in the Australian dollar, which is huge considering that you can usually trade several million with the click of a mouse.
Major kudos for correct usage!
Maybe the dems at Fannie and Freddie made McCain's "luck"...
> This is an orchestrated collapse.
George Soros was able to crash the Russian economy in 1999, and the French economy in 2002. There is a warrant outstanding for him in Russia, and he was sentenced to a large fine in France.
It was only a matter of time before he set his sights on the US economy.
His timing, however, is politically motivated.
Bush was all for increasing home ownership for the marginal. Too bad it took him a year or two to figure out what it meant when Freddy and Fanny went insane and bought every mortgage in sight.
Why didn’t McCain stand up to the porksters?
I don’t want to think about an Obama presidency, but the facts are stubborn and persistent.
Agreed. I think McCain’s vote will cost him (and us) the election.
It may take a 'deus ex machina' event to change the political paradigm.
No one pushed harder and more publicly for this bill than your Republican President.
“Democrats control the house. They could have passed Paulson’s first egg he laid.”
That is something that needs to be driven home! Twelve Democrat members of Barney Franks own committee could have passed the bill. This is a game wih Americans lives and games get out of control!!
I get those e-mails too about retiring to Costa Rica. I don’t know, what are their laws regarding ownership of property by foreign nationals? I’ve heard Mexico prohibits it.
Just wait till Obama takes over.
Me too, but then I remembered how much all those countries hate each other.
It was a Paulson / Dem set up.
Bush sadly fell for it and let Paulson go out and scream the sky is falling .The Wachovia fire sale to the Clinton operative and JP Morgan attack on Lehman Bros were all
a nice set up.
Bush put the Rep in Congress in a corner .
ping for Chuck Baldwin! The only conservative left in this race...
You're absolutely right about that. Didn't he destroy the British Bank a few years back (after declaring he could!)? I wouldn't be at all surprised to find out his nefarious hands are pulling the strings on this!
Sure would be interesting to find out HIS LINKS to this mess!
lol...yeah, you’d think that even empty-headed libs could do a little self-check on reality and see “if $850 billion can’t make a dent in it, maybe we should look a little deeper for a solution.”
You’d think...and you’d be wrong!
I disagree. Nearly 80% of the incoming calls and emails from the constituents of both parties were against the bailout, a signal that the general public has lost its last shred of trust in both the US government and Wall Street.
The decision to pass the bailout has caused a stampede among Joe and Mary Shareholder, for everyone with even a limited education in economics understands it will; A) drive inflation (which affects every consumer); B) lower the value of the dollar (which affects every consumer); and C) reward the bad guys, and shows that no matter how badly you run your company, the government will bail you out (which angers every consumer).
Confidence in the market and the government is down, as it should be. Both parties have tried to paint themselves as The Guys Who Will Fix All Your Problems... and the unintended consequence of that platform is that when you fail, you fail across the board.
Face it folks, this $700B was just to get us through the next election cycle in November. These ass clowns have one thing on their small minds- keeping their elite status, albeit as the governing body of a soon-to-be third world country.
Here too.. Just got 10 checks from Discover card saying “Here we have raised your cash limit. Please use these checks...”
Sheeesh
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.