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  • #121
    Originally posted by Imran Siddiqui
    Yep... it's a necessarily evil, IMO.
    not necessary in the current form... let's hope it gets better than it was, it was already a lot better over the weekend, so there are good chances it will be further improved... from temp crash nothing will really turn out, only if in the long run the proposed bailout is total disaster (as initial plan looked like) it will have long term consequences... this voting down - i like it.

    They will probably suspend trading soon...

    Politicians finally having backbone it is actually good instead of suddenly jumping off a cliff like that initial plan to shore up of fraudulent institutions with best connections.
    Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
    GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"

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    • #122
      DanS - where are you getting your quotes from? I'm getting them from Yahoo! Finance.

      Comment

      • #123
        OK - the DOW seems to be rallying.

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        • #124
          Well, not any longer.

          Comment

          • #125
            Ouch... I got smacked today! At least I'm not alone.

            I'm Moving to Hoovervile!
            Monkey!!!

            Comment

            • #126
              Affix bayonets!
              I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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              • #127
                We certainly live in interesting times.
                Monkey!!!

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                • #128
                  The interesting thing is the Republican leadership agreed to the plan but the members revolted. Things have really changed from the days when the Republican leadership could get its members to vote in lock step. Maybe it's just election year politics though.
                  Try http://wordforge.net/index.php for discussion and debate.

                  Comment

                  • #129
                    Originally posted by OneFootInTheGrave

                    They will probably suspend trading soon...

                    Politicians finally having backbone it is actually good instead of suddenly jumping off a cliff like that initial plan to shore up of fraudulent institutions with best connections.
                    How big does it have to drop in what amount of time before they suspend trading?
                    Try http://wordforge.net/index.php for discussion and debate.

                    Comment

                    • #130
                      Are house prices going to fall? And by how much, if they are?
                      You just wasted six ... no, seven ... seconds of your life reading this sentence.

                      Comment

                      • #131
                        Originally posted by Japher
                        Ouch... I got smacked today! At least I'm not alone.

                        I'm Moving to Hoovervile!
                        My 401k isn't looking so sprightly right now either.
                        Try http://wordforge.net/index.php for discussion and debate.

                        Comment

                        • #132
                          NASDAQ down over 9%. They suspend trading at 10%, right?

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                          • #133
                            S&P closes down about 8%. Trades are still coming in though.
                            I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                            • #134
                              Originally posted by Oerdin
                              The interesting thing is the Republican leadership agreed to the plan but the members revolted. Things have really changed from the days when the Republican leadership could get its members to vote in lock step. Maybe it's just election year politics though.
                              Every Member event I sat in last week said that mail/calls/e-mails were running 90% against the bailout. It's not a surprise that conservatives, Blue Dogs, and those in tough races voted against it. They can at least say they were voting with their constituents.
                              If you look around and think everyone else is an *******, you're the *******.

                              Comment

                              • #135
                                Originally posted by Oerdin
                                The interesting thing is the Republican leadership agreed to the plan but the members revolted. Things have really changed from the days when the Republican leadership could get its members to vote in lock step. Maybe it's just election year politics though.
                                Maybe?

                                You can be sure that many rank and file House Republicans had thier phone lines jammed with calls to oppose this ban, and given how tense of an election this already was for Republican representatives, doing something that the Republican base probably abhors would not have gone down well with the same voter they need in a little over a month now.

                                House members want to keep their jobs just like everyone else.
                                If you don't like reality, change it! me
                                "Oh no! I am bested!" Drake
                                "it is dangerous to be right when the government is wrong" Voltaire
                                "Patriotism is a pernecious, psychopathic form of idiocy" George Bernard Shaw

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