Bailout failed, Down 777 points.....

[Hitman]

And its still going tog et worse. Democrats voted with a 70% majority and the Republicans voted with a 25%??? majority


205 Voted Yes and the o9ther 225 voted no with 2 no votes.

[weeman2412]

oh fuck... start buying gold.. because all USD and other currency will be useless very soon

[ZERO]

I said i wanted 2g in gold 2 years ago. My mom never got it I would have over 4g by now and rising.

Was the final amount really 777

[Hitman]

http://money.cnn.com/data/markets/dow/

777.68 ; -6.98%

I believe CNN said we lost over 1 trillion dollars today

Wachovia (WB, Fortune 500) shares began trading in the afternoon, plunging 81%. Citigroup (C, Fortune 500) fell almost 12%.



Oil and gold: U.S. light crude oil for November delivery fell $10.52 to settle at $96.37 a barrel, in the second-biggest one-day plunge ever. (Full story)

Oil prices had plummeted over $55 after peaking at $147.27 a barrel on July 11, as investors bet that sluggish global growth will diminish oil demand. But prices have seesawed in the last few weeks as the financial crisis has intensified and investors sought to put their money into hard assets.

COMEX gold for December delivery rose $5.90 to $894.40 an ounce. Like oil, gold prices had also rallied during the biggest periods of unrest over the last few weeks

[Hitman]

http://money.cnn.com/2008/09/29/markets/markets_newyork/index.htm?cnn=yes


Has everything

[I LIKE TURTLES]

Haha leave it to Washington to destroy the economy.

What a fucking joke, putting the bill to a vote and having it NEGGED.

[ZERO]

Remember that the minority republicans are to blame for its failure if they had voted in place of the 84+ democrats that voted against it would have passed!

Wait that, I can not understand brain going to explode.....

Here is a fun fact do you know where the 700 figure came from!?


Also lets try to remember what made the great depression the great depression and not just a single day of an economic anomaly?

I will post the answers after I give you all some time to think about it or look some of the stuff up. If your interested look up the book the forgotten man, it coverts the events of the great depression.

[Hitman]

Dow went up 485 points yesterday on hopes of another bailout......


But today its down almost 200 ahead of the senates vote because of the numbers. Currently its 193 Yes and 215 No with 28 Not Voted.

once again Republicans voted 33% yes and 66% No

[lukeydukey]

Meh I'd rather not let them bailout the corps. Or if they did, do something along the lines of Sweden (http://www.nytimes.com/2008/09/23/business/worldbusiness/23krona.html?em).

http://www.nytimes.com/2008/09/23/business/worldbusiness/23krona.html?em

[Hitman]

Dude its the US government.

They do what they want! They come up with the biggest bullshit excuse or biggest horseshit idea and they stick with it.

[lukeydukey]

Dude its the US government.

They do what they want! They come up with the biggest bullshit excuse or biggest horseshit idea and they stick with it.

...Very true

hmm maybe I can sneak into Canada undetected.

[+Project.S+]

i suppose if you gave me enough money you could live at my friends house..she demands sex tho, she can be a slut like that.

lol

[Hitman]

i suppose if you gave me enough money you could live at my friends house..she demands sex tho, she can be a slut like that.

lol

thats it! im there. ill be in canada in 5 days lol

[lukeydukey]

i suppose if you gave me enough money you could live at my friends house..she demands sex tho, she can be a slut like that.

lol

Whoa whoa whoa... count me in if the econ gets any worse.

[+Project.S+]

rotfl lukey is worried about money, hitman heard sex and he decided to jump

lmao

priorities...priorities..

[Hitman]

i can always find a funeral home up there or open up my own lol

what me worry? haha

[D1lD0]

Lol unfortunately if we do have another great depression Canada will also feel the effects of it.

[whytboiz33]

thats garbage. how is it possible that canada's econmy thrives off of america's? thats malarky.

[whytboiz33]

oh yeah. catch the sarcasm in that post.

why must we always compare countries? if youre not happy in the best country in the world(in all aspects of anything). then move to russia, france, g.b.(not green bay), or even china. you communist, cult loving homos.

[ManBearPig <ibis>]

In many ways the U.S. does suck fat dick. But we have the NFL so it kinda cancels the shitty stuff out.

[ZERO]

FYI, the reason that the market is getting pwned and swinging up and down randomly is b/c of uncertainty; just the shear fact that the gov is being unclear as to what they are going to do is causing the current problems.

For example:
You got bad debt that the gov thinks that it might buy.
Some guy that wants to buy the debt is making offers
You know the gov will over pay so you hold on to it until you are sure if they are going to bail you out.

At the end of the day regardless of if there is a bail out or not a lot of the bad debt is going to be soled and the companies will have losses but still exist. The difference is who will own the bad debt, some guy that has like 100 years to sit around and wait for the rest of it to come in and make a decent profit, or the gov that does not even have the money to pay for the shit that it already owns...

In the end I have finally concluded that this whole thing really is just a bad idea...

[wickedtribe]

only if it makes them money hitterboo. only if it makes them money. as for the finacial crises we are pretty well screwed nomatter how you look at it. im lookin at nice places up in canada or europe if somthing doesnt change soon.

[D1lD0]

Its definitely a bad idea imo. As much as America has done it in the past we cant just fabricate 700 billion dollars out of thin air.

Its like trying to treat a kid that has downs syndrome with chemotherapy.

[ZERO]

Look into a group called acorn and there ties to this mess I recently found them to be the missing link in my puzzle. If anyone has a lot of other data as do I that they have not posted this information once you look in the right places will allow you to justify your conclusions about this problem and what we are really facing with confidence.

In the end we should all remember that the Truth points to itself. For truth stands alone against the darkness, as the darkness is a veil that can only be held up by the actions of others. Seek to understand and not to convict for only though understanding can the real truth be reviled.

[deprodigy]

I can't believe this bill passed it is so jam packed with nonsense it is ridiculous. tax breaks for parents who by wooden tipped training arrows? what the fuck!

[ZERO]

Also a few hundred million to Hollywood. (we would not want them getting mad at us now would we)