Markets open in 5 mins. Waiting for the bad news.

I see trees of green........ red roses too
I see em bloom..... for me and for you
And I think to myself.... what a wonderful world.

I see skies of blue..... clouds of white
Bright blessed days....dark sacred nights
And I think to myself .....what a wonderful world.

 

Have fun living next to a tree because being arruinado.

 

The sky is always falling. WAMU just got picked up.

 

Went up. An alright amount too.

This bailout is a horrible idea though. I hope that doesn't go through, or the value of the USD is going to be nonexistent.

 

Amen to that, especially since throwing all that damn money at the problem would do pretty much nothing.

 

Face it... the end of the world is nowhere near. And since when have the markets followed the rules? People make millions off of them *not* following the rules.

 

They are now calling that bail out as an 'investment'.

 

Money is so fucking worthless.

 

Will leaving the country help... me?
Cuz i'll see you bastards later, I don't want be in a great depression.
I grew up on welfare, I will not work at slightly above minimum wage forever.

Assembler: Has all this BS been messing with your business?

 

There is hope yet!!! Congress voted down the bailout.


If they can keep that nonsense from happening then hopefully the market should readjust over time. The only reason this is happening is because a bunch of banks were fucking moronic.

 

Hope? The Dow dropped 777 points (In $, 1.2 *trillion*), more of a drop than after freaking 9/11. I think it's about to turn into a turd sandwich and we all get to take a bite.

http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes

And it looks to have jumped the pond:

http://www.cnn.com/2008/WORLD/asiapcf/09/29/asia.stocks.ap/index.html?eref=rss_world

 

That's what it does anyway. Just has more/less work to do.

 

Its capitalism. I'm glad that bailout didn't pass because I do not want to pay for some wall street guy's greed and to pay for someone's home that they can't afford in the first place.

It's called capitalism. The fuel and consumer of greed.

 

if it's your greed that brought the chaos then shouldn't expect the ordinary folks to pick up the tab and paid for your golden watch when you decided to jump the sinking ships...

Seriously I'd be surprised if it did passed.
It has no provision for ordinary people but the selected few rich gits at the Wall Street... Cumon they should sell their house, cars, boat, wives, organs to pay for the melt-down~ - -+

 

This is the problem with most. Folks can't see past today, or tomorrow, or next week.

Yes, we will have a rough year. None of us who knew the problems with the bailout were thinking that once they said "No" the stock markets would jump back up.

What we DID know, was that if the bailout passed inflation would go through the roof and, while it would have delayed the nastiness for A LITTLE WHILE, in about 3-4 months (give or take a few months) the value of the dollar would have ceased to exist and we would have been square in the middle of Great Depression 2: Electric Boogaloo. Only this time without a World War 2 to bail us out of it (and WWIII certainly wouldn't. As Einstein said, "I do not know with what happens World War 3 will be fought, but I do know that World War 4 will be fought with sticks and stones.")

Also, this mess happened because banks were gambling with peoples mortgages. Literally. The banks that are dying now are the ones that had a policy any schmuck off the street could buy that was basically them "betting" against someone's mortgage. And so, if the mortgage defaulted, then the bank would pay that person some large sum of money.

Oil prices shot up. The economy hit a rough spot. A lot of people that were really living well beyond their means got smacked in the face with reality, the banks' little gamble shot them in the head.

The only people this bailout helps are the banks that were running that scam. The banks that didn't are fine. Once banks are done dying and the smoke clears, THEN the market will be able to heal. Until then, yes, it will be a bumpy ride, but its not a ride where we need to cling to the overweight fat cats that have been doing some shady shit in the banking world.

 

Just 4 days late. Hope you didn't bail and buy back in that 4 days.