[Juballharshaw]

MEH MEH MEH MEGATHREAD! /doomvoice

I've a feeling we're going to be hearing about the bailout, bank failures and people with more money than the average American crying about how the government isn't rescuing them for their lousy investments for a while.

So uh, to kick things off, how bad of a beating do you think the DOW is gonna take with the bailout's defeat?

[freeridemusik]

Dow went down 5oo+ points today, crazy.

[saint seiya]

so what's a good country to move to?

[smirnoff]

The tough part is that time will never show us the rightness or wrongness of the vote. The decision is made, every other scenario is just speculation.

[demonizeZ]

Originally Posted by saint seiya

so what's a good country to move to?

may be you can find some answers there. And alot more answer of other things too. LOL


Manswers

Manswers - SPIKE

[Goofus Maximus]

I'd like to see everything hit the fan, even though I'm aware that I'm slitting my own throat in the process. It's a case of "we average folks are already tanked, so we'll enjoy watching the fatcats joining us."

It's time for everyone from top to bottom, from Government to Households, to relearn the basic truth: Debt is Bad. Even when it's necessary, debt is bad, and debt should be avoided unless it is necessary. If you put up a house as collateral, then think about how you'd feel living outside in the mud, rain, and cold, without running water or amenities, and realize you're making a bet on your ability to avoid doing just that.

No more of this packaging debt and selling it off to others, so that "it's not our problem anymore", that fueled the mortgage bubble with a SECURITIES bubble, which is how we really got into this mess.

[MSP]

600+ points down now, holy fuck.

[OcTaNe91]

anyone ballsy enough to look at their ivestment gain loss

[MSP]

The do-nothing Congress strikes again. It's controlled by the Democrats, any of you care to explain what the fuck they are thinking?

EDIT: 778 point down now...

[demonizeZ]

Its a good thing they stop that bail out. Sure its a huge dent on economy. But if the market crashed still after that bail out was passed there would been no coming back from it then. Right now things can be fix slowly if right minds are allowed to fix the problem. If greedy people dont become obstacle, there can be solution.

I think they should liquidize any thing Bush and Dick made profit on after they were elected and use that money to put in economy.

[tweakmonkey]

any of you care to explain what the fuck they are thinking?

Bush talked about how urgent and important the bill is, so they probably realized it was a load of shit.

[Juballharshaw]

Originally Posted by MSP

The do-nothing Congress strikes again. It's controlled by the Democrats, any of you care to explain what the fuck they are thinking?

EDIT: 778 point down now...

That they shouldn't rush an almost trillion dollar bailout? And as for voting goes, more Republicans voted against it than did Democrats.

[tweakmonkey]

The measure needs 218 votes for passage, but it came up 13 votes short of that target, as the final vote was 228 to 205 against. About 60% of Democrats voted for the measure, but less than a third of Republicans backed it.

[Tacdriver]

I'm fine with it tanking.

[Scooby]

Yeah, I was gonna say. This is not a blame the dems thing. It's always going to be a complete unknown as to what could have happened either way. We're just gonna have to bite the bullet one way or another.
If we have an open business model, I don't think the government should step in only to save the rich folks asses. Unfortunately this will come back to bite every tax payer regardless of whether we bail them out or not.

Either way, it was a silly bandaid for a huge problem. The whole thing needs to be reformed.
---------------------------------
edit:


Lawmakers quickly point fingers after bailout fails - CNN.com

This is ridiculous. They're just spending time pointing fingers and negotiating votes at this point.
It's like a high school debate class where no one can keep it in their pants.

Not to mention:

http://www.youtube.com/watch?v=ey3ZlsmIkz4

/facepalm
Everyone seems to just be looking at this in terms of how many potential chairs they can gain or lose.

[ivwshane]

Originally Posted by MSP

600+ points down now, holy fuck.

Sweet!! Time for me to buy some stock!!

I raised my contribution to my 401k too!

[Juballharshaw]

The Fed moved another $600+ billion into the system after the vote. Bloomberg.com: Worldwide

Oh and will the market may be down, not only did the dollar gain but oil dropped $10/barrel.

[MSP]

I'm OK with them not rubber stamping Bush's crap, and they obviously shouldn't rush things, but they aren't handling the situation very well at all. Maybe they need to move into closed sessions or something to keep the market from freaking out.

[tweakmonkey]

Originally Posted by Juballharshaw

The Fed moved another $600+ billion into the system after the vote.

<3 inflation

My money isn't worth shit anyway now, may as well be worth less.

[Tacdriver]

Well on the good side, Oil did drop back down to about $96 a barrel so gas prices are surely going to drop respectively............oh wait! It won't drop hardly at all!!