Posted on 09/29/2008 10:47:07 AM PDT by icwhatudo
Boehner “took one for the team”. It’s part of the strategy. The Repulicans are toying with the Dems now.
It’s all good!!
As of this post, it's down 738.42 points. What's the value of the closing bell if the selling continues?
Thanks for posting. Some of those Aye’s(Tancredo) and No’s(Udall) surprise me...
Your doctor analogy does not go far enough. Here the doctor was consulted about a headache then promptly recommended removing the head.
No bill which does not address the underlying issue of forcing politically correct actions on banks is worth the paper it is written on.
And Plastic Pelosi blaming Republicans for the situation while expecting them to give her a bigger whip to beat them with demonstrates her incompetence. Most Republicans are not quite that masochistic. Do you think Tip O’Neil would have handled this like she has?
I guess they’re saying European markets are under tremendous pressure so it’ll be interesting.
They certainly care about you! You silly non-socialist xenophobe.
;)
Agree....the market is down cause the brokers are cashing in to cover their hedges which have been over leveraged....I seriously think that is what is happening. However, the market sites are very slow right now and I am having a hard time seeing the volume....Wachovia is off 84% today to $1.53 / share.
If it is not addressed now it never will be.
My friend, if the Republicans felt that they should vote for the bailout, I would hope they would have the fortitude to do so, regardless of Pelosi's pronouncements.
This smacks of schoolyard bullying, "I was gonna do it, but because you said that, now I won't." What will happen next -- a terrorist attacks and the Republicans withold retaliation because Nancy made a face at them?
This sort of thing is a transparent attempt not be blamed for the stock market collapse.
I am surprised that the DOW only dropped 670. All financial pundits said it would drop 1500 if the bill failed.
I am surprised that the DOW only dropped 670. All financial pundits said it would drop 1500 if the bill failed.
I think there’s an automatic 10% per day floor.
The comparison of exchange rates also must consider many factors all at once. I was referring strictly to one aspect of them. Any one of the factors can be impacted by others including political events. When turmoil erupts people flock to safe currencies like that with a strong government.
Now it is possible that some of the recent strength is because of political events: Russia-Venezula love-in, Syrian troops on Lebanon border, Pakistani actions against Al-Queda, etc. But I would guess that most of it is forecasting recession. A good bill addressing the real issue could reverse that forecast.
Another factor is that the rejection of a massive new government expenditure has strengthened the dollar because of its impact on the National Debt. Increase in Debt causes a decrease in the foreign exchange market. Decrease in debt strengthens dollar.
- Boehner “took one for the team”. It’s part of the
- strategy. The Repulicans are toying with the Dems now.
- It’s all good!!
I’ve been thinking the same thing. There is this whole last scene of the Godfather sort of vibe to the situation.
.
Yes - a good .gif potlatch
You can enlarge it using HTML parameters to width=”980” height=”200” as I did
Reaction to his nomination from The Wall Street Journal:
Mr. Paulson brings strong credentials on that score, as Goldman Sachs has grown far beyond its Wall Street base to become a truly global player in capital markets. He either knows, or knows people who know, the brave new world of hedge funds, private equity and credit derivatives. He also understands the rising importance of China to the U.S. economy, and thus the dangers of Congressional protectionism. And he realizes that investors now scour the world for the best returns, so the U.S. must have tax and regulatory policies that invite global capital.
Each time I wanted to use it to composite on something I noted the huge number of frames it has. Huge, because I do it one by one!
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