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Old September 29th, 2008, 08:55 PM   #41
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In other words, any person or business who operates in the realm of "credit" or "imaginary" money rather than money they actually have before they want to purchase something..... This may be painful, but it's a long time coming and necessary to get our nation back on track.
I agree, the idea of spending tomorrows money today has gotten way out of hand. But as you say, the correction will be painful. i think any type of "bailout" or other government action should be aimed at easing the pain of the correction, not avoiding it.
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Old September 29th, 2008, 09:02 PM   #42
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Its fear

I'm surprised they haven't halted trading.. you should see the big board, you can't even focus on the symbols, I've never seen so much activity.
Trading is stopped at 1200 I believe.
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Old September 29th, 2008, 09:03 PM   #43
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letting 20 guys learn their lessons by letting them keep the $100,000,000 they've made in the last four years, and letting the rest of america suffer?

The bailout will save a lot of people their retirements, and more importantly it is probably a good investment for the the government.
Are you a capitalist or a socialist?
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Old September 29th, 2008, 10:19 PM   #44
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An opposing point of view...

http://news.yahoo.com/s/time/2008093...HvKLr2HVus0NUE
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Old September 29th, 2008, 10:21 PM   #45
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Are you a capitalist or a socialist?
Really. WWARD
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Old September 30th, 2008, 08:35 AM   #46
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i cannot stand this constant "the economy will crumble" no it won't. so you won't be able to buy a house without 20% down. you can't get a car without good credit. maybe something like this will put the hard work ethic back to americans instead of this gimme, gimmie, gimmie as long as I am not responsible. it would go back to if you want it, you'll have to show you can do it.
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Old September 30th, 2008, 08:43 AM   #47
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Are you a capitalist or a socialist?
socialist.
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Old September 30th, 2008, 11:39 AM   #48
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i cannot stand this constant "the economy will crumble" no it won't. so you won't be able to buy a house without 20% down. you can't get a car without good credit. maybe something like this will put the hard work ethic back to americans instead of this gimme, gimmie, gimmie as long as I am not responsible. it would go back to if you want it, you'll have to show you can do it.
X infinity/infinity


The entire 'I NEED 2500 square feet' thing is ridiculous unless you have 9 kids or so...

The entire country has been living on credit far too long, some companies even use credit to make payroll- that is so wrong.
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Old September 30th, 2008, 11:41 AM   #49
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I really think the government bailout is equivalent to a large credit card. And much like the general public has done, the plan was to "charge it" and max the fcuker out. Then pay the minimum payment for eternity.
I understand the concept behind the plan, but think when people (and companies) make bad financial decisions they need sleep in the bed they made. Much like in nature the strong will survive and the market will have a "cleansing" of the weak.
I personally know many that have lost there house, cars, etc due to this economy. I feel for them, but I can honestly say 80-90% of them would not be in the position they are now had they not been upside down on cars, no money down on homes and maxed on credit cards.
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Old October 3rd, 2008, 02:33 PM   #50
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So now they pass the thing and the market drops. I don't get it.
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Old October 3rd, 2008, 03:03 PM   #51
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So now they pass the thing and the market drops. I don't get it.
I'm going to presume your making a joke.
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Old October 3rd, 2008, 03:17 PM   #52
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I'm going to presume your making a joke.
no. They said it would drop if it didn't pass. It did. So now it should stand to reason that now that it's passed the market should go up, but it's going down. Why?
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Old October 3rd, 2008, 03:23 PM   #53
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Because of all the fucking PORK crammed in the god damn thing.

Those stupid fuckers always have to line their pockets. The place needs to burn to the ground and the people need to re-assume control of the country.
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Old October 3rd, 2008, 03:25 PM   #54
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Because of all the fucking PORK crammed in the god damn thing.

Those stupid fuckers always have to line their pockets. The place needs to burn to the ground and the people need to re-assume control of the country.

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Old October 3rd, 2008, 03:30 PM   #55
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no. They said it would drop if it didn't pass. It did. So now it should stand to reason that now that it's passed the market should go up, but it's going down. Why?
I'm not going to spend a ton of time on this because I think your kidding.

The first vote had not taken place and the market had already dropped over 700 points.

The next day after the initial vote had taken place and the bail out was not approved the Dow closed over 500 points up.

The DOW is trading in its normal trading range and that bail out is to the people that manipulate the market like blood in water to a shark.

It was a reward for being smarter than the Government.

Anybody that thinks they can have a 401 K, or a Roth IRA, or anything else where their money is controlled by brokers, insurance companies, investment groups, ect, deserves to loose all of their money.
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Old October 3rd, 2008, 03:40 PM   #56
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Whew, glad we screwed future generations for that.....




AP
Stocks end lower amid worries after House OKs plan
Friday October 3, 4:25 pm ET
By Tim Paradis, AP Business Writer
Stocks end lower after House approves financial rescue plan; worries about economy remain


"NEW YORK (AP) -- Stocks ended a volatile week with another sell-off Friday while credit markets remained strained after enthusiasm over the government's $700 billion financial rescue plan gave way to worries about obstacles still facing the economy."
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Old October 3rd, 2008, 03:50 PM   #57
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I'm not going to spend a ton of time on this because I think your kidding.

The first vote had not taken place and the market had already dropped over 700 points.

The next day after the initial vote had taken place and the bail out was not approved the Dow closed over 500 points up.

The DOW is trading in its normal trading range and that bail out is to the people that manipulate the market like blood in water to a shark.

It was a reward for being smarter than the Government.

Anybody that thinks they can have a 401 K, or a Roth IRA, or anything else where their money is controlled by brokers, insurance companies, investment groups, ect, deserves to loose all of their money.
No.

The 700 point drop Monday was after the initial "NO" vote.
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Old October 3rd, 2008, 04:06 PM   #58
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No.

The 700 point drop Monday was after the initial "NO" vote.
I hate to disagree with you, but I was listening to the live vote and watching my NASDAQ contracts and watching the DOW at the same time and the drop occurred prior to the vote, and infact fell more during the vote when the vote was some 140 yea to 30 nea which indicated the bail out would pass.

Also why the 500+ point run up the next day, after the bail out had failed.

It's to shake out everybody that dosen't play, or can't afford to play the market.

For every dollar lost a dollar is made.
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Old October 3rd, 2008, 04:20 PM   #59
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I hate to disagree with you, but I was listening to the live vote and watching my NASDAQ contracts and watching the DOW at the same time and the drop occurred prior to the vote, and infact fell more during the vote when the vote was some 140 yea to 30 nea which indicated the bail out would pass.

Also why the 500+ point run up the next day, after the bail out had failed.

It's to shake out everybody that dosen't play, or can't afford to play the market.

For every dollar lost a dollar is made.

I will correct myself before somebody else does.


I looked at my account and the Dow was actually down about 550 to 575 before the vote and lost about 150 additional points after it was complete.
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Old October 3rd, 2008, 04:51 PM   #60
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I read that the market took a dump even though the bailout passed because of fear the bailout would not stabilize the economy.

I am not paying my share for the bailout now.
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