[QUOTE=XxNeXuSxX]Market went from 300 up to 100 down. Woot! Go f*cking bailout! :rolleyes:[/QUOTE]
makes no sense... I love the confidence investors found after the bill passed.
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[QUOTE=XxNeXuSxX]Market went from 300 up to 100 down. Woot! Go f*cking bailout! :rolleyes:[/QUOTE]
makes no sense... I love the confidence investors found after the bill passed.
[I]If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
... The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.[/I] -Thomas Jefferson
[QUOTE=boozehound][I]If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
... The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.[/I] -Thomas Jefferson[/QUOTE]
Yea... looks like we just signed our own death sentence.
I'm still trying to figure out why the stocks fell by 400 points after we passed the bill?
like Nex said... It was up around 250... Bill signed... down 150?
[QUOTE=mell-0]Yea... looks like we just signed our own death sentence.
I'm still trying to figure out why the stocks fell by 400 points after we passed the bill?
like Nex said... It was up around 250... Bill signed... down 150?[/QUOTE]
It was the typical "buy the rumor, sell the news" deal.
[url]http://www.youtube.com/watch?v=_XgkeTanCGI&eurl=http://911truth.org/[/url]
[url]http://www.youtube.com/watch?v=HaG9d_4zij8[/url]
[QUOTE=boozehound][I]If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
... The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.[/I] -Thomas Jefferson[/QUOTE]
alexander hamilton > thomas jefferson
[QUOTE=bagelred][url]http://www.youtube.com/watch?v=_XgkeTanCGI&eurl=http://911truth.org/[/url]
[/QUOTE]
I just watched the first 10 minutes of this video... And I can't believe a conspiracy theorist like myself didn't realize this what the hell was really going on with all this stock market madness.
[QUOTE=mell-0]I just watched the first 10 minutes of this video... And I can't believe a conspiracy theorist like myself didn't realize this what the hell was really going on with all this stock market madness.[/QUOTE]
If I'm getting what she is saying, was that the Congress was pressured to do the bailout or they would MAKE the stock market collapse. That could be it.
But my instincts in the OP were right. This whole bailout/panic was part of the larger plan.
The NEXT thing that has to happen is to somehow stop the Presidential election. How can they let Obama win and take office? He would roll back all their plans for at least 4 or 8 years. Once Obama wins election, its too late for Bush/Cheney to declare martial law and extend his rule. We already have a president elect. Something is going to happen this month.....
I still predict a "terrorist attack" in October caused by the CIA/Military Industrial complex to try to push election to McCain. Not 9/11 big, but something substantial enough to create fear.
[URL="http://www.msnbc.msn.com/id/27699761/"]Is the bail-out now officially a failure?[/URL]
[QUOTE]Treasury has so far has devoted $250 billion of the bailout money to buying equity in banks and another $40 billion to insurance giant American International Group Inc. The hope was that the infusion of news capital would enable them to increase lending, but so far that hasn't happened, lawmakers said at a hearing by the Senate Finance Committee Thursday.
[B]Instead, some of the recipients of the money have continued to pay dividends to stockholders, provide pay raises and bonuses to executives and other employees and level takeover bids at other companies. Lawmakers said they want to impose restrictions on all those activities for companies getting bailout money.[/B]
Executives from four financial institutions that have received a total of $75 billion in federal bailout funds promised at the hearing that none of the aid would be used for paying executives and employees.[/QUOTE]
Although the current recession has forced me to learn more, I am still not an expert on macroeconomics, or even close. However, I know a ****ing scam when I see one. Looks like we all got Bushed one last time, and in a big way.
:banghead:
[QUOTE=Real Men Wear Green][URL="http://www.msnbc.msn.com/id/27699761/"]Is the bail-out now officially a failure?[/URL]
Although the current recession has forced me to learn more, I am still not an expert on macroeconomics, or even close. However, I know a ****ing scam when I see one. Looks like we all got Bushed one last time, and in a big way.[/QUOTE]
It's not only Bush's fault. Obama voted for it and the democrats are pushing to bail out automakers as well.
Seriously, quit using Bush as a scapegoat.
[QUOTE=Hawker]It's not only Bush's fault. Obama voted for it and the democrats are pushing to bail out automakers as well.
Seriously, quit using Bush as a scapegoat.[/QUOTE]
beat me to it.
[QUOTE=Hawker]It's not only Bush's fault. Obama voted for it and the democrats are pushing to bail out automakers as well.
Seriously, quit using Bush as a scapegoat.
Once again, Obama=Bush=McCain.[/QUOTE]
Obama certainly didn't help, but Bush's people are the ones that decide which companies are getting funding, so I hold his administration the most responsible. Onama and the rest of the congressmen and women that supported it get secondary blame, though I will concede that they really should have known better and doubt their innocence.
Ron Paul warned about how this will only hurt the economy and you had honest economists warning people against passing it. Big gobernment morons continue to think the government can "fix" the economy by controlling it more and spending money we don't have.
Think what that $700 billion could have gone to!
I know what I would have used it for: paying off the debt. Wait, we actually never had the money, that means we just did the exact opposite... meaning we now have to pay MORE money next year on the interest of the national debt.
Great!
I think it's either a scam, or blatant incompitence. Just read up on what AIG is doing.
It's rewarding companies and home owners for making stupid decisions. Companies were making high risk loans, and people who couldn't afford it were buying homes. I'm hearing stories of people who pay their mortgage that have neighbors that didn't, and they get benefits from this deal, and end up in a better situation than the guy who paid his bills. Where's the accountability?