bad traders GO AWAY!!!
I mail all my trades from the post office and get a receipt.
you always hear noises in the dark when you work at night 1|1|IM FINE I WISH THE ECONOMY WAS IM WORRIED ABOUT A DEPRESSION HITTING US IF WE DONT GET HELP SOON|gwens29|gwen41539@bellsouth.net|11:27:33|09/30/2008|
http://www.refundsweepers.com/dcforum/feedback/27.html
2|2|Isn't that the truth....I just wish they would give some of that $ to us citizens to pay off debt and replenish the economy....Can you imagine what us coupon shoppers could turn say, oh, 100,000 into?.....LOL...:)|freebiejunkie|joelpoole@msn.com|11:46:09|09/30/2008|
"Don't judge each day by the harvest you reap, but by the seeds you plant."
- Robert Louis Stevenson
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Any fool can count the seeds in an apple. Only God can count all the apples in one seed." ~Robert H. Schuller
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Live in such a way that those who know you, but don't know God, will
come to know God because they know you"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"If we ever forget that we’re one nation under God, then we will be a nation gone under."
~Ronald Reagan
3|3|Doing okay .. glad there wasn't a bail out!!! I so hope they don't finagle it through.. I couldn't handle another $6000 in taxes|Kristy|mi3zons1@yahoo.com|11:58:21|09/30/2008|
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!) 5|4|Keep praying for a rejection....they're voting again on Thursday :( Geez, I thought a vote was a vote, that's it....so in November if we the people dont like the outcome of the election, can we do some revisions and a re-vote???? |saint6811|waylan@comcast.net|12:26:53|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy." 7|5|It's terrible....If you look at the thing there is a lot of stuff added on that some are trying to just add in, unrelated...crazy stuff~:)|freebiejunkie|joelpoole@msn.com|12:30:57|09/30/2008|
"Don't judge each day by the harvest you reap, but by the seeds you plant."
- Robert Louis Stevenson
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Any fool can count the seeds in an apple. Only God can count all the apples in one seed." ~Robert H. Schuller
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Live in such a way that those who know you, but don't know God, will
come to know God because they know you"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"If we ever forget that we’re one nation under God, then we will be a nation gone under."
~Ronald Reagan
9|6|And they are supposed to be addressing this in a NON-partisan, urgent manner.....nice to know they are still the opportunist we have come to know....grrrrrrr!|saint6811|waylan@comcast.net|12:36:18|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy." 14|7|The thing is...we have to do it...it's messy, and ugly and believe me I am not for|jilda|vze4gj4m@verizon.net|12:51:42|09/30/2008|
bailing out incompetent and greedy companies for their huge mistakes while the regular american isn't getting any sort of bailout for their "mistakes" or situation. However, if we do not have this bail out things will get significantly worse. Not to be able to get credit is horrible. If companies/people can't get credit their companies will shut down and where does that leave the worker of that company? out of work. It'll be a widespread problem. This by far is no cure all but something has to happen very very soon. I think it is truly incompetent of our elected officials that they don't want to make an ugly decision about this b/c they are afraid they aren't going to get reelected. That's too bad. They signed up for this and have to hold their nose and jump in. It sucks for everyone. but it'll just get worse.
at least with the current plan that was rejected the taxpayer will pay (and it'll suck) but at least we are investors and maybe will get the money back. I'm not counting on that money down the line but it'll be nice to hope it comes.
the sad thing is that the plan didn't include homeowners with bad mortgages. They should have ruled on including them in the plan. so the judges can renegotiate their mortgages to an amount they are able to pay instead of foreclosing which will cost the costpayer alot more. It costs $225, 000 for each foreclosure. that's insane! who pays for that? we do. so isn't it better to help them pay for what they can pay for? The democrats wanted it and didn't get it.
But even w/ this stall this plan will go through. It has to. The stall is just delaying the inevitable. 15|8|I think that things will be worse...for awhile...but I'd rather deal with it now than leave it my children to deal with later...and that is what will happen if we do a bail out now...when will it stop? How many more times will they do this in the coming year or years? |saint6811|waylan@comcast.net|12:57:01|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy." 18|9|but we won't be able to deal w/it now. It's okay now. These companies are hanging on |jilda|vze4gj4m@verizon.net|13:02:11|09/30/2008|
by a string. And once they crumble they will all crumble fast. It's hard to think abotu a future for your children when you will have trouble holding on to the things that help raise them..like your house, car, etc. Not being able to get credit to buy that new/used car, or house that you can afford or anything will cause major major problems. Not to mention all the jobs that will be lost. not to mention all the pensions that are dwindling down to nothing. yesterday's debacle on wall street sent millions of peoples pensions crashing down. It can't happen. 17|5|Having a good day. It will be better if this bailout continues to be rejected. Companies default and we shoul have to bail them out and give them bonuses? We default and we get the bill collecters calling and they don't care what are reasons are.|Ranalt|ainebailey@gmail.com|13:01:41|09/30/2008|
Times are tough for all. These businesses need to bear down and tighten their spending, starting with the ABSURD bonuses.
Maybe if all them collectively gave up their BONUSES ( Which they certainly didn't earn this time around) we wouldn't need a bailout.
P.S. Maybe Wall Street can get a loan from the OIL industry. They certainly have cash to spare.
Life is like a cup of tea,
It's all in how you make it.
Lisa
12|4|wondering where the $6,000 figure came from (M)|pussecat|pu55ecat@aol.com|12:42:53|09/30/2008|
i've not seen anything anywhere that stated such. just wondering where you saw it. thanks!
***** BOYCOTT COUPON CLIPPING SERVICES that don't want YOU trading *****
4|1|Waving hello!|sunriver|lithiasalt@cheerful.com|12:07:47|09/30/2008|
Kristy, I totally agree! Why is it that regular working people should be bailing out wall street? Does not seem right to me. I even called my senators about it last week because I was so worked up. Actually it seems like I manage to call them every so often about something or another-- I like to let them know that someone around here is watching what they are doing.
It will be interesting to see what happens next.
6|1|Good morning, Steve! :D|saint6811|waylan@comcast.net|12:27:08|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy." 8|2|Nothing like adding pork to the bills that will already tax the crud out of us|Kristy|mi3zons1@yahoo.com|12:34:13|09/30/2008|
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!) 10|1|Dh said on the radio they just said|Kristy|mi3zons1@yahoo.com|12:37:22|09/30/2008|
If they took the 700 billion and gave divided it between each group/family paying a mortgage they would each get $50000-75000 .... think we can stand up and say please lol
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!)
11|2|LOL....Yep, especially if we are gonna have to pay it back....might as well get in on the action....|freebiejunkie|joelpoole@msn.com|12:38:50|09/30/2008|
Posted on Sep-30-08 at 12:38 PM (Eastern) by 70.8.109.216
that is, if it passes..... 13|3|You know, I was thinking....why should we have to bail out those banks....aren't those the same ones that would |freebiejunkie|joelpoole@msn.com|12:46:38|09/30/2008|
call and harrass us if we were late on payments....didn't care if DH was laid off or medical bills caused us to be behind or whatever the reason may have been....How many of us ever got real sympathy from any bill collector calling our houses?....Why should we feel sorry for them now?.....Maybe, kind of a far fetched way of looking at it, but none the less, unfair, I believe..... 16|4|They are supposedly educated, experienced financiers....shouldnt they have KNOWN BETTER??? This has been coming for decades....one thing building onto another....there have been warnings from finance experts for a long, long time.|saint6811|waylan@comcast.net|12:59:57|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy." 19|5|I agree. they are totally incompetent and getting rewarded year after year for their |jilda|vze4gj4m@verizon.net|13:03:24|09/30/2008|
incompetency. That includes not just the CEOS of these companies but our politicians as well. Especially our President. 20|5|They did everything they could to make the $ including giving mortgages to those who should have NEVER gotten them.. and |Kristy|mi3zons1@yahoo.com|13:04:00|09/30/2008|
want us to pay for their stupidity/ignorance. Yet I understand there are laws in place saying they have to truly show a good reason to turn people away.
On the radio either Hannity or Limbaugh they said it would average $5200-5400 or something in taxes per the bill that just didn't get passed.
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!)
71|6|$5200 - $5400 for who? i don't understand|pussecat|pu55ecat@aol.com|15:58:42|09/30/2008|
first you said $6000 in new taxes and now you're saying it's $5200 - $5400 but for WHO?
***** BOYCOTT COUPON CLIPPING SERVICES that don't want YOU trading *****
72|4|An idea...|sunriver|lithiasalt@cheerful.com|16:43:44|09/30/2008|
I think that any banks that get bail out money ought to be hearing from all of us. Can you imagine if all couponers started making collection calls to them? I think that might even make me feel a little better. I'd love to get the home number of some of the CEO's! LOL! 21|1|The politicians get kick backs from fannie mae and freddie mac so if they kee proping them up.. it's all to gain for the politicians|Kristy|mi3zons1@yahoo.com|13:05:51|09/30/2008|
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!) 22|2|it has a lot to do about payoffs for everybody involved, imho|freebiejunkie|joelpoole@msn.com|13:08:14|09/30/2008|
Posted on Sep-30-08 at 01:08 PM (Eastern) by 70.8.109.216
politicians get elected with support from those companies...so now, the companies want payback....
24|3|I think there should be bans against career politician|Kristy|mi3zons1@yahoo.com|13:12:40|09/30/2008|
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!) 26|4|I agree...we can only dream....LOL|freebiejunkie|joelpoole@msn.com|13:21:55|09/30/2008|
"Don't judge each day by the harvest you reap, but by the seeds you plant."
- Robert Louis Stevenson
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Any fool can count the seeds in an apple. Only God can count all the apples in one seed." ~Robert H. Schuller
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Live in such a way that those who know you, but don't know God, will
come to know God because they know you"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"If we ever forget that we’re one nation under God, then we will be a nation gone under."
~Ronald Reagan
23|1|We really do need the bailout, check your 401 K out, punish the CEO's later but|Mackiesmudder|Mackiesmudder@aol.com|13:12:22|09/30/2008|
right now with failure after failure we are digging deeper and deeper. Did you hear Suze Orman last night? She is just furious. This just does not affect Wall Street, it affects everybody.
Cathie
25|2|But Cathie look at the totals it went plummeting while they were talking.. then when the bill DID NOT pass the market came BACK UP investors do NOT want a bail out|Kristy|mi3zons1@yahoo.com|13:18:52|09/30/2008|
A bail out brings down the value of the dollar. The market has been artificially propped by this crap for a while now. I said good riddens to bad rubbish. Let the market come back down to 9000-10000 where it should have been all along.
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!) 62|3|Invstors loss mor ethan a trullion dollars yesterday in that was some of my DH money he has in his 401k|teener|teenerzacsneenee@yahoo.com|14:50:07|09/30/2008|
>Posted on Sep-30-08 at 01:18 PM (Eastern)
>by 71.166.93.63A bail out brings down
>the value of the dollar.
>The market has been artificially propped
>by this crap for a while
>now. I said good riddens
>to bad rubbish. Let the
>market come back down to 9000-10000
>where it should have been all
>along.
>"Women should not have children after 35.
>Thirty-five children are enough." - anonymous
>(Only 28 to GO!)
27|1|Well, who is going to bail us out when we are in debt over our ears? The government? These big companies that we're (yes, WE) may bail out?|whitmarg|robin@whitmannet.com|13:23:44|09/30/2008|
I don't think so. They KNEW this was going to happen. Those fat and happy financial gurus knew it and they still allowed it to happen and are being allowed to walk off will millions of dollars in their pocket. One guy worked for 16 days and walked away with a $19M severance package. Give me a BREAK.
This isn't the worst thing that could happen. My son came home with this one...
President Bush has the ability to STOP THE ELECTION process, deeming it a bad thing to do at a bad time. Not that either one of the bafoons will get my vote and not that keeping Bush in office is anything NEAR what I want or what we need, but he can do that. It would be a license he gave to himself to further #@%* up the country.
28|1|Kristy, it's still down over 400 from yesterday. Exactly what Jilda said|Mackiesmudder|Mackiesmudder@aol.com|13:26:10|09/30/2008|
companies not able to get loans to do business is going to trickle down onto everyone. Small business loans? Not gonna be! I know we are much, much slower now, it will get worse, I am looking wherever I can to cut hours, doing away with services such as window washing, not expensive, $25 a month but we CAN do it ourselves and we will. Shoot, LOL, I made the special dessert this week-end at the restaurant instead of buying something from a vendor. 29|2|Cathie it has to go down it's artificialy propped up... |Kristy|mi3zons1@yahoo.com|13:31:26|09/30/2008|
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!) 30|3|after 9/11 it went WAY down and no one freaked then... this isn't going to kill us it's the market correction we need to happen|Kristy|mi3zons1@yahoo.com|13:32:25|09/30/2008|
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!) 31|1|I think it's more than a market correction, institutions are failing, it's not the fat cats|Mackiesmudder|Mackiesmudder@aol.com|13:37:03|09/30/2008|
that will pay, it is as they say, Main Street, America
Like I said before, I think they should bandage it now and look to fix it and then go after the CEO's later. A lot of good it will do when so many, many will be out of work.
34|2|Exactly. It isn't just about the stock market but about those companies that are barely|jilda|vze4gj4m@verizon.net|13:43:57|09/30/2008|
holding up the economy. It will be a complete disaster if they crumble. Yes it stinks to reward the CEOs and companies for their greed and incompetence but I would rather do that than have to sell my house b/c my husband or I lost our jobs b/c the company that employs us can't afford to do that anymore. It wont' just "trickle down" to us but it will come at us like a tsunami. 32|1|I think they just need to stay out of it...(M)|freebiejunkie|joelpoole@msn.com|13:37:54|09/30/2008|
The gov't should not be in this to maybe make $....they could just make it worse....when has the gov't really ever done anything right....JMHO.... 33|2|It was a lack of gov't oversight & kick backs to the gov't & gov't officials that started the mess to begin with... they turned a blind eye while their wallets got plumped|Kristy|mi3zons1@yahoo.com|13:41:05|09/30/2008|
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!) 35|3|yep, & this trend will continue....They will continue getting those k/backs and we will have to continue paying for them.....Viscious cycle....as Joy asked, when will it end?|freebiejunkie|joelpoole@msn.com|13:44:12|09/30/2008|
"Don't judge each day by the harvest you reap, but by the seeds you plant."
- Robert Louis Stevenson
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Any fool can count the seeds in an apple. Only God can count all the apples in one seed." ~Robert H. Schuller
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Live in such a way that those who know you, but don't know God, will
come to know God because they know you"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"If we ever forget that we’re one nation under God, then we will be a nation gone under."
~Ronald Reagan
36|4|but you just said gov't needs to stay out of it. That is how this problem got created in the first|jilda|vze4gj4m@verizon.net|13:46:13|09/30/2008|
place. Government stayed out of it and companies did whatever they wanted to get rich. and this administration turned a blind eye to it. So now the gov't HAS to step in b/c there is no one else to bail them out (and at the same time bail out this economy). In the future new oversight laws need to be enacted so this never happens again. But right now something has to be done fast. 37|5|Well, I believe the WHOLE gov't has turned a blind eye to it....don't think there won't be more kickbacks & payoffs to come from this bailout....I just don't trust ANY of them....$ causes greed, root of all evil.....|freebiejunkie|joelpoole@msn.com|13:50:29|09/30/2008|
"Don't judge each day by the harvest you reap, but by the seeds you plant."
- Robert Louis Stevenson
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Any fool can count the seeds in an apple. Only God can count all the apples in one seed." ~Robert H. Schuller
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Live in such a way that those who know you, but don't know God, will
come to know God because they know you"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"If we ever forget that we’re one nation under God, then we will be a nation gone under."
~Ronald Reagan
38|1|NO NO NO during the Clinton admin. |Kristy|mi3zons1@yahoo.com|13:50:56|09/30/2008|
There was political pressure from him to give loans to low income and miniorities. If you didn't loan to them the justice dept. would come after you for discrimination. It was called anti redlining. SO companies started giving loans to every tom, dick and harry so they didn't get in trouble with the gov't . That was the gov't first mistake sticking their nose into private businesses. Then to make things worse they want to now do this financial bail out when it won't come from any of their pockets. Who will be hurt by the bail out.. you and me. The average tax payer. The businesses who made this mess should pay for it. Their companies should fold.. and ergo their 'kickcbacks' to Obama and the like will end!!
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!)
40|2|just Obama? I think McCain get's plenty of those kickbacks too. I do agree that the|jilda|vze4gj4m@verizon.net|13:56:29|09/30/2008|
companies are totally to blame for this. There is no argument about that but how do you think everything is going to right itself when credit bails out? how do you think anyone applying for a credit card, or looking to buy a car or a house is going to get it? they aren't. 41|3|I picked on Obama as he's getting the 2nd highest kick back from Freddie Mac.. gee why does he want to bail them out|Kristy|mi3zons1@yahoo.com|13:59:55|09/30/2008|
"Women should not have children after 35. Thirty-five children are enough." - anonymous (Only 28 to GO!) 42|4|Here's a really good article..and describes better than I can about my view on this|jilda|vze4gj4m@verizon.net|14:02:12|09/30/2008|
http://money.cnn.com/2008/09/30/markets/thebuzz/index.htm?cnn=yes 39|1|the longer it takes the more its gonna cost to bail them out so if they are gonna do it anyway then why wait just do it the american people have no real choice or say its all up to the government we just have to live with the consequences|gwens29|gwen41539@bellsouth.net|13:51:23|09/30/2008|
http://www.refundsweepers.com/dcforum/feedback/27.html
43|2|Why not just bail out the homeowners, maybe give another stimulus to the tax payers?..I don't like the idea of paying back money I never borrowed....seems like the homeowners will just end up paying twice....|freebiejunkie|joelpoole@msn.com|14:04:07|09/30/2008|
Bail the homeowner out(which would pay the banks), save their homes, help keep families together and give us money to flood back into the economy....I would vote for that...b4 paying it back for nothing....would it not work out the same? I know so many people struggling, as I am sure we all do.....Talk about the rich, getting richer....and there are rich people on BOTH sides....It is just a sad thing....We are all in this together, so they need a fix-it-all plan to help us ALL....JMHO 49|2|Yes, and this is beginning to reek of socialism....|saint6811|waylan@comcast.net|14:18:41|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy." 44|1|My biggest problem with the proposals is this.....the same greedy idiots who got the US in this mess are the ones writing the proposals to get the US out of this mess....now, who do you REALLY think they are looking out for????|saint6811|waylan@comcast.net|14:06:44|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy." 45|2|I posted this link above but I'll post it here too|jilda|vze4gj4m@verizon.net|14:08:29|09/30/2008|
It really describes how it sucks that we have to bail out these greedy monsters
http://money.cnn.com/2008/09/30/markets/thebuzz/index.htm?cnn=yes 47|3|Of the 88,000+ survey votes on the CNN article, 55% said the House should NOT reconsider....|freebiejunkie|joelpoole@msn.com|14:11:19|09/30/2008|
"Don't judge each day by the harvest you reap, but by the seeds you plant."
- Robert Louis Stevenson
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Any fool can count the seeds in an apple. Only God can count all the apples in one seed." ~Robert H. Schuller
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Live in such a way that those who know you, but don't know God, will
come to know God because they know you"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"If we ever forget that we’re one nation under God, then we will be a nation gone under."
~Ronald Reagan
48|4|that doesn't mean anything to me. I get that many people don't want this b/c it is|jilda|vze4gj4m@verizon.net|14:13:45|09/30/2008|
bailing out the people who got rich and now are crying woe is me. Please help me and bail me out. No one wants to help them...I surely don't but we have no choice. This will not correct itself. And inevitably us average Americans will feel the brunt of this far more than the CEO who lost his job but is living off the millions he has already made. 51|3|The market is volatile now.....but it is back up in the black this morning overall...alot of the financial commentators on CNN and FoxNews were saying the plummet may not have been due to the rejection but to the indecision and back-biting going on at Capital Hill....our leaders are acting like a bunch of playground babies,pointing fingers at the other party....who gives a rip??? Going back to the Carter era when some of this started, the Dems and the Repubs have had a hand in it....dirty, greedy politics, period.|saint6811|waylan@comcast.net|14:22:00|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy." 53|4|I agree. They need to stop acting like my 6 year old and do their jobs like grownups they are. |jilda|vze4gj4m@verizon.net|14:25:04|09/30/2008|
All this wouldn't even be an issue if it weren't this close to re-elections for many of them. Big babies who are afraid to lose their cushy jobs. 55|5|Yeah, let us all go up there with our $$ saving expertise....we could show them a thing or two...:):)...LOL|freebiejunkie|joelpoole@msn.com|14:31:35|09/30/2008|
"Don't judge each day by the harvest you reap, but by the seeds you plant."
- Robert Louis Stevenson
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Any fool can count the seeds in an apple. Only God can count all the apples in one seed." ~Robert H. Schuller
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Live in such a way that those who know you, but don't know God, will
come to know God because they know you"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"If we ever forget that we’re one nation under God, then we will be a nation gone under."
~Ronald Reagan
57|6|I always think of that scene from the movie Dave. He was trying to find money to |jilda|vze4gj4m@verizon.net|14:35:27|09/30/2008|
fund the First Lady's plan for underpriveleged children. The plan got shut down b/c there was no money in the budget. He, as the President, sat all the heads down and went over the budget line by line and got rid of all the pointless, pork laden programs, to make room for her budget of $600 million or something like that. It was a great scene and I wish our politicians would act like that. Be frugal the way we are. Spend on stuff you really need and dispense with the junk. But unfortunately they have to give back to all those people who got them into office in the first place by financing their campaign so they have to have those porky programs in their. Dumb. 46|1|Kristy- google the Keating 5 |Mackiesmudder|Mackiesmudder@aol.com|14:09:15|09/30/2008|
Cathie 50|1|The Keating Five has a familiar name in it. Read inside|Ranalt|ainebailey@gmail.com|14:20:49|09/30/2008|
http://en.wikipedia.org/wiki/Keating_Five
Life is like a cup of tea,
It's all in how you make it.
Lisa
52|1|can even the possibility of a bailout prevent credit and capital markets from functioning?|mfrs|mfrs.sv.ca@gmail.com|14:24:43|09/30/2008|
If you need to take a big loss in a deal with the likes of Warren Buffett (with massive protection for purchaser) or can wait for a chance for a full bailout with not too much oversight from the Feds, which would you choose if you are a greedy financier? A bailout would certainly work for them, but there's no guarantee that it will work for the average person. 54|1|and all this because Steve said hello...:)|freebiejunkie|joelpoole@msn.com|14:28:33|09/30/2008|
"Don't judge each day by the harvest you reap, but by the seeds you plant."
- Robert Louis Stevenson
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Any fool can count the seeds in an apple. Only God can count all the apples in one seed." ~Robert H. Schuller
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Live in such a way that those who know you, but don't know God, will
come to know God because they know you"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"If we ever forget that we’re one nation under God, then we will be a nation gone under."
~Ronald Reagan
56|1|If we let the CAPITALIST system work the taxpayer takes |tollman62|thebossatnight@yahoo.com|14:34:07|09/30/2008|
a smaller hit I say let them go under there is still asset value to these companies and the bad debt is not going away even though other companies are buying the straight profit divisions of these "failing institutions" there are many people waiting for the opportunity to scoop up the pieces of these companies like Buffett and Mark Cuban they have been putting Billions into the market because they know this is the time to buy. there are even companies that will and are buying the bad assets of these failures because they will take the risk and rewards that go with trying to make them into performing assets again. Cuban had a good idea about financing some sort of buyout with individual investment. The govt gets there money back in real time the taxpayers feel only a little hit and the investors solidify the markets. The times are tough right now but believe me as things start getting better ice cream containers will not go back to 1/2 gallon size and bread will still be over $2 for a regular sized loaf you will have been adjusted to them at that time. Put your money in smaller regional financial institutions with low exposure to bad loans if you are looking at the market or move your money into other bargain areas such as real estate which is cheap right now. Think about this example Bugatti went out of business in the late 30's about 10=15 years ago an entreprenuer bought the name from whomever held title to it and started making these again. The names of some companies hold value even after they have been shuttered think someone might want to take a shot at reopening E.F. Hutton that disappeared in a merger.It is time for people to think and act not react.
bad traders GO AWAY!!!
I mail all my trades from the post office and get a receipt.
you always hear noises in the dark when you work at night 58|1|Very well said Steve. The thing that I see first off is those on this board who have a differing political view are agreeing that this bailout is a bad idea. To me, that says it is the right decision.|Ranalt|ainebailey@gmail.com|14:39:17|09/30/2008|
Life is like a cup of tea,
It's all in how you make it.
Lisa
59|2|not sure what you trying to say but I somehow feel insulted. |jilda|vze4gj4m@verizon.net|14:42:10|09/30/2008|
. 60|3|No insult meant at all. Just saying that there are both Republicans and Democrats that feel that this bailout is the wrong decision. It doesn't appear to be a Democrat or Republican issue, but an American Public issue.|Ranalt|ainebailey@gmail.com|14:45:45|09/30/2008|
Perhaps I poorly worded it but again no offence meant.
Life is like a cup of tea,
It's all in how you make it.
Lisa
61|4|Okay. :) |jilda|vze4gj4m@verizon.net|14:49:28|09/30/2008|
. 64|3|Steve, if we pitch in for the airfare, when can you go to Washington??? lol There ARE other options out there, but none that will profit the already-rich like the bailout will!|saint6811|waylan@comcast.net|15:16:41|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy." 65|2|Heck, even that was reflected in the voting in Washington.....this isnt supposed to be a partisan issue, those bozo's are MAKING it one :(|saint6811|waylan@comcast.net|15:17:54|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy." 63|1|Some actually aren't "failing", they have failed, WaMu, the stock is worth zero|Mackiesmudder|Mackiesmudder@aol.com|15:13:45|09/30/2008|
my friend Roger, checked his 401, he had WaMu stocks in it, it read
ZERO He is certainly not a fat cat, he is just a working man, rents, doesn't own a home, and does not have 20 years to retirement. How can the seniors and just plain old regular people who weren't greedy, just planning for their retirement, survive?
66|2|He had all his money on WaMu? Most likely not....there will be losses, there will be hardships....but is it worth exorbatant taxes for YEARS (read: decades!) for a short-term loss? He wont have the money to invest in the future if taxes go up as projected :(|saint6811|waylan@comcast.net|15:24:36|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy." 67|1|Found this on another board, to explain my views on this....|saint6811|waylan@comcast.net|15:35:52|09/30/2008|
Dr. Paul’s House floor remarks on the bailout
September 29th, 2008 by Matt Hawes
The process of this bailout reminds me of a panic-stricken swimmer thrashing in the water only making his situation worse. Even a “bipartisan deal”—whatever that is supposed to mean— will not stop the Congress from thrashing about.
The beneficiaries of the corrupt monetary system of the last three decades are now desperately looking for victims to stick with the bill after they have reaped decades of profit and privilege.
The difficulties in our economy will continue because the Legislative and the Executive branches have not yet begun to address the real problems. The housing bubble’s collapse, as was the Dot Com bubble’s collapse, was predictable and is merely a symptom of the monetary system that brought us to this point.
Indeed, we do face a major crisis but it is much bigger than the freezing up of Wall Street and dealing with worthless assets on the books of major banks. The true crisis is the pending collapse of the fiat dollar system that emerged after the breakdown of the Bretton Woods agreement in 1971.
For 37 years the world built a financial system based on the dollar as the reserve currency of the world in an attempt to make the dollar serve as the new standard of value. However since 1971, the dollar has had no intrinsic value, as it is not tied to gold. The dollar is simply a fiat currency, which has fluctuated in value on a daily, if not hourly, bias. This worked to some degree until the market realized that too much debt and malinvestment existed and a correction was required.
Because of our economic and military strength, compared to other countries, trust in America’s currency lasted longer than deserved. This resulted in the biggest worldwide economic distortion in all of history. The problem is much bigger than the fears of a temporary decline on Wall Street if the bailout is not agreed to.
Money’s most important function is to serve as a means of exchange—a measurement of value. If this crucial yardstick is not stable, it becomes impossible for investors, entrepreneurs, savers, and consumers to make correct decisions; these mistakes create the bubble that must eventually be corrected.
Just imagine the results if a construction company was forced to use a yardstick whose measures changed daily to construct a skyscraper. The result would be a very unstable and dangerous building. No doubt the construction company would try to cover up their fundamental problem with patchwork repairs, but no amount of patchwork can fix a building with an unstable inner structure. Eventually, the skyscraper will collapse, forcing the construction company to rebuild—hopefully this time with a stable yardstick. This 700 billion package is more patchwork repair and will prove to be money down a rat hole and will only make the dollar crisis that much worse.
But what politicians are willing to say that the financial “skyscraper”—the global financial and monetary system-is a house of cards. It is not going to happen at this juncture. They’re not even talking about this. They talk only of bailouts, more monetary inflation, more special interest spending, more debt, and more regulations. There is almost no talk of the relationship of the Community Reinvestment Act, HUD, and government assisted loans to the housing bubble. And there is no talk of the oversight that is desperately needed for the Federal Reserve, the Exchange Stabilization Fund, and all the activities of the President’s Working Group on financial markets. When these actions are taken we will at last know that Congress is serious about the reforms that are really needed.
In conclusion, there are three good reasons why Congress should reject this legislation:
a. It is immoral—Dumping bad debt on the innocent taxpayers is an act of theft and is wrong.
b. It is unconstitutional—There is no constitutional authority to use government power to serve special interests.
c. It is bad economic policy—By refusing to address the monetary system while continuing to place the burdens of the bailout on the dollar, we can be certain that in time, we will be faced with another, more severe crisis when the market figures out that there is no magic government bailout or regulation that can make a fraudulent monetary system work.
Monetary reform will eventually come, but, unfortunately, Congress’ actions this week make it more likely the reform will come under dire circumstances, such as the midst of a worldwide collapse of the dollar. The question then will be how much of our liberties will be sacrificed in the process. Just remember what we lost in the aftermath of 9-11.
The best result we can hope for is that the economic necessity of getting our fiscal house in order will, at last, force us to give up our world empire. Without the empire we can then concentrate on rebuilding the Republic.
"Middle age is when you choose your cereal for the fiber, not the toy." 69|2|Another article to give some more info on the international ramifications of the bailout....|saint6811|waylan@comcast.net|15:37:28|09/30/2008|
Joy
"Middle age is when you choose your cereal for the fiber, not the toy." 68|1|No, def not all there. Another friend from 1 of the bail out banks, said had this thing|Mackiesmudder|Mackiesmudder@aol.com|15:36:28|09/30/2008|
passed last week, the gov would have made 65 million back already, I really don't think that taxes will go that high, who will be able to pay them anyway? 70|2|65million is a drop in the bucket (literally) :( The rest would still be on our shoulders....for a long, long time to come.|saint6811|waylan@comcast.net|15:38:17|09/30/2008|
"Middle age is when you choose your cereal for the fiber, not the toy."