Posted on 09/24/2008 10:34:43 AM PDT by HAL9000
It will happen. The bigger the bailout, the bigger the boom.
IF, IF the President doesn’t offer up the Republican plan (provided it is workable) like RIGHT NOW, we are going to be bailing out all those dumb butts who gave out the cheap loans, forever.
I balk at having tghe President going ton TV saying the economy is melting down.
This sucks!
Our locally owned bank has shut down credit for homes and cars because no one will underwrite. Credit sources have dried up.
In hearing President Bussh’s speech, he has adopted what McCain suggested earlier. McCain put forth five steps and Bush just repeated them almost word for word.
BUSH: YOU SUCK!
May I say I am not feeling very comfy cozy?
Sorry all of you W haters (not you HAL), but I must give him an “A” grade on this speech...
"just call my name and I'll be there".
“I believe strongly in capitalism, but...”
Always beware the “but”. Markets would gain more confidence if government regulation wasn’t showing itself to be more and more random and arbitrary.
Suspend the ‘mark to market’ rule for a year; make the cap gains tax 0%; state that the government will remove burdensome regulation, and the market will be liquid again. Fear of the outcome of the government plan is the problem on the market. Getting government out of the way is the answer.
If President Bush believes so strongly in capitalism, why did he socialize prescription drugs?
That’s what I was worried about... hm, over already.
That’s why to say “no $700 Billion bailout” is silly slogan, if banks fail the govt is on the hook for hundreds of billions anyway. We need to come up with a solid plan, not just say “let’s ride out the storm”.
“In hearing President Bussh’s speech, he has adopted what McCain suggested earlier. McCain put forth five steps and Bush just repeated them almost word for word.”
Really?!!!
What were the five points?
Pray tell, what were those five steps proposed by Mr. McCain?
Sounds like a good buying opportunity...
Wait a second. What percentage of those deposits are covered?
Even at IndyMac there was a huge percentage not covered.
You noticed! He even threw in further control of spending in the future.
Dead on.....this is BS.......NO BAILOUT.....
WTF??? We’ll HOLD these securities until the market returns to NORMAL???? DID HE REALLY SAY THAT WITH A STRAIGHT FACE???? SERIOUSLY???
The market is waaaaaaaaaaay out of whack and overblown, it’s NOT going to return to the false bloating that caused this FAILURE!!!! And WE (TAXPAYERS) WILL BE LEFT HOLDING THE BAG, while the fatcat CEOS keep their bonuses for destroying their companies, and taking the market with them!!!
Party?? Everyone should be enraged by this.
All those people who SOLD the securities they KNEW were worthless should give back all the money they made.
This sickens me!!!
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