[Ernest_at_the_Beach]

fyi

[vox_freedom]

BAILOUT.
Do we really want the Federal Government to be the backstop for every (major and minor) financial downfall in our country? Just wondering here.

[spanalot]

http://www.youtube.com/watch?v=QPlMmwOq7U8&feature=related

(disregard some of the pix - the rest are somewhat prescient)

[Obadiah]

This is not good. The feds are expected to cut the discount rate another half point on Tuesday. And then Greenspan was grousing about the worst situation since WWII, yet somehow FAILED to mention that he caused much of this mess! He’s the guy who left the fed rate at 1% waaay too long and got us into this mess. Of course, if you remember, Greenspan did this to get us out of te tech bubble he also helped create.

[NaughtiusMaximus]

I’m going to get out early tomorrow morning so I can claim the best corner for my apple stand.

[DuncanWaring]

Merry-Monday-WTF-now ping.

[kms61]

The Asian markets are down again anyway.

[RayChuang88]

I'm really crossing my fingers and hoping we're NOT going to have a repeat of the 1930's, when the Great Depression lead to political extremism and that led to a world war.

[Southerngl]

Ok, please explain this to this poor girl who does not understand the ins and outs of the stock market.

Thank you.

[GRRRRR]

Pelosi's Fault!!

Ever since the DemonRats took over, the economy has gone down. It's all THEIR FAULT!!

[Travis McGee]

Man the pumps!

[HeartlandOfAmerica]

This is gonna be a disaster of biblical proportions.

Gonna make the 1987 crash look like a tea party. Lot closer to 1929 I think than 87.

Watching it on a forex demo acct. Asia has to be hemorrhaging something awful.

Gonna be a horrible, horrible day!!!

God Bless America (cuz we're gonna need it!)

[Travis McGee]

"A Wall Street Domino Theory" NEW YORK TIMES The Federal Reserve’s unusual decision to provide emergency assistance to Bear Stearns underscores a long-building concern that one failure could spread across the financial system.

[Mad_Tom_Rackham]

Looking like S&L Deja vu all over again.

[BQ91]

BSC has to many counterparty trades with Citi to let BSC (Bear) Fail. The Fed and JP Morgan could not let that Happen. Tommarow will be a very important day to be sure we get thru this. While everyone is publicly talking about LEH be the next problem, the Whispers are the big problem that the FED cannot let fail is Citigroup.

[devere]

JP Morgan gets Bear Stearns for nothing, and is guaranteed against loss by the taxpayers. Why not just have the government take over Bear, and keep the eventual profits? This is the biggest government give-away in the history of the USA.

[Freedom4US]

Thankfully, I invested all my money in tulip bulbs so I’m sleeping soundly tonite.

[PghBaldy]

Bear S was involved with many hedge funds. One problem with letting an investment bank fail, is when assets are dumped at precisely the wrong time, one doesn’t get the best possible price (relatively speaking). Also, there is a fear that when the assets are priced at a new lower level, it forces more calls for collateral at other banks. It’s a rotten deal no matter what, but I believe it is better to “save” Bear by a merger than an out and out failure. I am not for corp welfare, but view the banks of various kinds to be special cases.

[yorkie]

This is just false reporting, I am sure. After all, President George W. Bush acknowledged here Friday that the U.S. economy is experiencing a tough time, but it will regain its strength in the long run because the “economic foundation remains solid.”

So. We are solid. Move along, folks. Nothing to see here.

[GOPJ]

Asian markets are down tonight.