Posted on 09/29/2008 11:16:12 AM PDT by 300magnum
http://www.marketwatch.com/news/story/us-stocks-plunge-global-credit/story.aspx?guid=%7B7F45BE2A%2D0486%2D494E%2DB87C%2D76D9F2688338%7D
(Excerpt) Read more at marketwatch.com ...
Financial Crisis: Dow Jones Hit as Bank Crisis Deepens
Protesters Hold Messages at New York Stock Exchange
Financial Crisis: Dow Jones Hit as Bank Crisis Deepens
Dow Plunges 700 Then Regains Some of the Loss
Click the image and educated yourself. If you have the courage. Or just hit my freeper page.
we just called Paulson’s bluff, IMO. Now they’re going to be exposed for trying to freak us all out that if this bailout didn’t happen we were doomed.
I’ve already watched one retirement fund go down the drain. It was called “social security.” It went down the drain because the government was running it.
So now my other fund is tanking. At least if the market remains in the private sector, I can make a comeback with what’s left. Had it been taken over by the government in this bailout, I’d expect the same result as socialistic security.
My funds have lost 30% in the last few months and it's STILL pretty damned easy to say for me. Stop your belly aching and watchout for the country and your progeny rather than you pocketbook! Sheesh!
As the Romans used to say “Let justice be done, though the heavens fall!”
LOL - market plunges on potential of bill passage, then recovers 50% when the bill fails - the market is way smarter than congress....
Really? Why would that happen when now people are going to tighten up on spending even more out of fear?
This means companies will go down in value; thus, your stock gets hit. Econ 101.
If the economy shrinks, so do most retirement funds.
your retirement fund is sucked down the drain by inflation and $700 billion would create a lot of inflation.
The stock market decline is simply a by-product of the underlying problems in the credit markets.
The problems in the credit markets will not simply rectify themselves.
There will be problems in the equity markets until there is a solution.
“And this will be the repub’s cover to change their vote next time if it’s actually even over today.”
what could be worse? well, the markets keep going down and credit dries up- then democrats will pass the bill with out republicans. The MSM will say that republicans caused the mess and democrats single handed got us out, and main street believes it because the markets tanked just like they were warned would happen.
“How nice for people who are largely dependent on that money for their retirement. “
War is hell. Time for patriots like Rush to step forward.
They all lined up at the Welfare office for their check and it did not come. Sorry boys back to work.
The Rats and their massive interference in the housing market was the ultimate root of this financial mess, yet they could not keep 94 of their own members from voting against this plan.
They created the mess, yet were unwilling to take political responsibility for it, and were determined to hang it around the neck of Bush and Republicans.
Pelosi’s partisan speech at the commencement of the vote was unbelievable. Evil party, is still the evil party.
Sorry, but won't happen. The same people (congresscritters) who caused this fiasco are charged with fixing it. They will make sure their special interests are served first. They have the votes, we play by their rules or there is no game.
A person up above called it. A temper tantrum by Wall Street but nothing even close to a crash so far as they all stated it would be.
I’m glad this particular bill was shot down...
But they had better pass an intelligent bill that will return liquidity to the system ASAP, or all these armchair economists posting here won’t be whooping it up anymore.
So whats the problem?
I think a lot of folks on here cheering the failure of this bailout are worried about their retirement. For me, I would rather work my fingers to the bone until I die than to give my country over to socialism.
Yes, and it's really hell when we have people like you laughing in glee over people losing their retirement.
“How nice for people who are largely dependent on that money for their retirement. “
Next political stop for you on the spectrum is to start voting the straight democrat ticket cuz, “They’re the only ones to protect my social security from the evil conservatives”.
You people who are willing to sell out the country for your ease of living kill me. When the chips are down you start shoving everyone out of the life boat.
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