Skip to comments.
Dow soars nearly 500 points on banking plan
msnbc ^
| 3/23/2009
| AP
Posted on 03/23/2009 2:48:31 PM PDT by tobyhill
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-69 next last
1
posted on
03/23/2009 2:48:31 PM PDT
by
tobyhill
To: tobyhill
0bama is just redistributing wealth
and risk now.
2
posted on
03/23/2009 2:50:32 PM PDT
by
counterpunch
(Kenya has two presidents. America has Zero.)
To: tobyhill
Volume, volume, volume...there is nothing right now on the horizon that will convince me to put a damn dime in this market right now, for anything. Not as long as we are under occupation from foreigners.
3
posted on
03/23/2009 2:51:29 PM PDT
by
Gaffer
To: counterpunch
They can call it a “public-private partnership” all they want but the reality of it is that we, the taxpayers, will be paying to get these toxic assets off the books.
4
posted on
03/23/2009 2:53:17 PM PDT
by
tobyhill
("Hope and Change" is so overrated!)
To: Gaffer
The banks liked the news but there is no one but the taxpayers to buy these toxic assets. No company wants to buy someone elses problem.
5
posted on
03/23/2009 2:55:08 PM PDT
by
tobyhill
("Hope and Change" is so overrated!)
To: tobyhill
Here’s a Bank of America guy who says...sell bank stocks.
March 23 (Bloomberg) — Investors should sell bank stocks after they rallied 12 percent today because the Treasury Departments plan to buy toxic assets wont stop profits from dropping, Bank of America Corp.s Richard Bernstein said.
Removing devalued loans and securities from banks balance sheets is a short-term solution that will delay the problems ultimate solution, which is bank takeovers, Bernstein said. The government wont be able to inflate the prices banks receive for selling bad assets indefinitely, he added.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ay0Xgdn2tUK8&refer=home
6
posted on
03/23/2009 2:55:50 PM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: tobyhill
Really it just might be that "the market" has figured out that the dollar is on its way to becoming worthless.
ML/NJ
7
posted on
03/23/2009 2:56:16 PM PDT
by
ml/nj
To: tobyhill
Wake me up when it is back at 14,000.
To: tobyhill
This is partly a result from greed on the part of corporate investors realizing (or believing) that Zer0 may get rid of part of their problems and the recent BS hype news form Obamanauts (delving deeper and deeper into a sea of bullshit) hyping up their predictions of a 'rapidly recovering economy'.
On the one hand, the corporatate investors don't realize that Zer0 won't ever let them keep the gains and on the other you simply can't believe the bullshit - ever.
9
posted on
03/23/2009 2:58:36 PM PDT
by
Gaffer
To: tobyhill
If things start to look up, it will take me at least 5 years to recoup my losses.
sw
10
posted on
03/23/2009 2:58:54 PM PDT
by
spectre
(Spectre's wife)
To: ml/nj
They are trying to buy up some of their worthless paper because they think you are stupid and will believe them.
11
posted on
03/23/2009 2:59:24 PM PDT
by
Gaffer
To: jiggyboy
Classic pump and dump on Fairyland News. There’s no money to buy these bad debts except from taxpayers so the Government needs to quit bamboozling people telling them this is a public-private “partnership”.
12
posted on
03/23/2009 3:00:05 PM PDT
by
tobyhill
("Hope and Change" is so overrated!)
To: Gaffer
Should be “trying to get you to buy up....”
13
posted on
03/23/2009 3:00:56 PM PDT
by
Gaffer
To: Gaffer
We will now be referred to as United States of Zimbabwe. The wheelbarrow industry will boom because that’s what it will take to haul your bread money around.
14
posted on
03/23/2009 3:02:59 PM PDT
by
tobyhill
("Hope and Change" is so overrated!)
To: tobyhill
The banks liked the news but there is no one but the taxpayers to buy these toxic assets. No company wants to buy someone elses problem. The original intent of the first bailout was to make a market for these assets. Had W and Paulson done that we could have saved trillions, many jobs, avoided a market crash, and the GOP could have taken some credit for the recovery.
15
posted on
03/23/2009 3:04:40 PM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: WakeUpAndVote
Wake me up when it is back at 14,000.I'll have my grandson call your grandson.
16
posted on
03/23/2009 3:05:40 PM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: counterpunch
17
posted on
03/23/2009 3:06:07 PM PDT
by
Centurion2000
(01-20-2009 : The end of the PAX AMERICANA.)
To: jiggyboy
Wake me up when it is back at 14,000.
I’ll have my grandson call your grandson.
Nah, with inflation, it’ll be 20,000 in 10 years.
And a loaf of bread will $30.
18
posted on
03/23/2009 3:07:31 PM PDT
by
Atlas Sneezed
(Security sucks. I want my freedom back.)
To: WakeUpAndVote
I know it’s a bear market rally, but I feel better that my long term savings are no longer under water - at least for this week.
To: tobyhill
I'm sure today's results on Wall Street is good for a few points on 0bami’s reelection prospects.
Or at least that is how it will be played 24/7.
20
posted on
03/23/2009 3:08:44 PM PDT
by
CapnJack
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-69 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson