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Old September 28th, 2008, 07:08 PM   #1
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Default Dow would lose 4000 points this week if bailout fails.

Pretty scary thoughts here....

http://www.telegraph.co.uk/finance/f...-US-crash.html
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Old September 28th, 2008, 08:03 PM   #2
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It's coming.

Maybe not tomorrow.

Maybe not next week.

But it's definitely coming.
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Old September 28th, 2008, 08:33 PM   #3
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meh, let it crash. I for one don't want to pay to bail out some corrupt asswipe who stole money and will get a slap on the wrists. change will only come after it all crumbles.
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Old September 28th, 2008, 10:02 PM   #4
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I remember reading somewhere that we need to eat a cookie.

I like chocolate chip 3 minutes after they leave the oven.
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Old September 29th, 2008, 02:21 AM   #5
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Bail out is bullshit.
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Old September 29th, 2008, 07:45 AM   #6
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good, let the foundation crumble. Lets see what our money is worth 6 months from now after they push this band aide through.
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Old September 29th, 2008, 08:02 AM   #7
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aye, keep printing funny money borrowed from China and see the results when they call in their bonds.
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Old September 29th, 2008, 01:28 PM   #8
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They voted it down.

The end is near.
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Old September 29th, 2008, 01:34 PM   #9
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they are voting again, I sure hope it doesn't pass.
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Old September 29th, 2008, 01:35 PM   #10
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hahahahahahhaa.

I just opened up my vanguard funds and my e-trade accounts.

hahahahahahhaa

sorry, its beyond sad, its now funny to me.
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Old September 29th, 2008, 01:35 PM   #11
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Quote:
Originally Posted by doomsick View Post
they are voting again, I sure hope it doesn't pass.
I know somebody who doesn't own stocks or bonds

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Old September 29th, 2008, 01:42 PM   #12
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Quote:
Originally Posted by clarkstoncracker View Post
I know somebody who doesn't own stocks or bonds

There are problems that need fixed on a permanent basis. A bailout is not a permanent fix, rather just a band-aid. I think we all know that once the goal is achieved it is quickly forgotten. (Think the 1970's gas crisis and the fact that NOTHING has been done to alleviate the reliance).

Costly, painful, and very sad. Still does not change the fact that it has to happen. Just like the big 3 have to fall on their face, we need to find alternate energy and the American people need to take control of the government that has gotten far too powerful.
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Old September 29th, 2008, 01:44 PM   #13
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I have stock in AMD and Hexarmor which is funnier.

I prefer to invest in guns, ammo, and gold son.
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Old September 29th, 2008, 02:00 PM   #14
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They defeated it!! The Dow dropped 700 points. Lets see what else they come up with!!!
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Old September 29th, 2008, 02:14 PM   #15
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Perhaps letting things run their cycle. Banks and investors learning their own lessons and making it lasting enough to not repeat things again in 10 or 20 years. It is bad enough that some of the things that led up to this are the same that led up to the depression. Worse yet, we tried to fix things before the depression and it still happened.
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Old September 29th, 2008, 02:19 PM   #16
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Perhaps letting things run their cycle. Banks and investors learning their own lessons and making it lasting enough to not repeat things again in 10 or 20 years. It is bad enough that some of the things that led up to this are the same that led up to the depression. Worse yet, we tried to fix things before the depression and it still happened.
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.
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Old September 29th, 2008, 02:23 PM   #17
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its just a market correction
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Old September 29th, 2008, 02:24 PM   #18
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its just a market correction
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.
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Old September 29th, 2008, 02:28 PM   #19
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Originally Posted by clarkstoncracker View Post
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.
You are right. It could be a good investment for the American people if they did not let the corrupt(read paulson and clan) be the leaders in said event.

Every fucking politician is so paid for these days it makes me sick. I was happy with Fred and wish he would have gotten in early, thus having contributions to support a good campaign. He was someone I felt I could trust as he was very outspoken about capital hill greed and the fat the feds love so very much.

I said absolutely nothing about the people that cleaned up. I think there should be penalties for the people that led us down this road. I am not talking just the CEO's but also the politicians that changed the regulations and allowed these companies to get so fucking fat with debt that they 'need' help.
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Old September 29th, 2008, 02:36 PM   #20
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How deep will the hole go?
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