WVU
EOG Master
Market is truly crashing. Down about 500 points since the announcement
http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes
http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes
can i borrow a dime from you wvu?
my bank is wachovia.....
what a day...
can i borrow a dime from you wvu?
my bank is wachovia.....
what a day...
Because there is over sight and regulations. Two things Republicans hate and also two things that got us in this mess in the first place. thieves don't like to be monitoredI am confused as to why the overwhelming support for this buyout is by the Dems and not the Republicans?
:+clueless
They're all crooks and scoundrels and should be in jail with their leader, King George!Only 11 votes away from passage.
10 more billion for each vote now.
It just went from 700 billion to 800 billion to get it passed thats all.
Nearing 600 point drop for the day which is well over 5%. 50% of all americans just got a little poorer.
Most of my assets are in real estate so I find it hard to pity those getting crushed in the stock market. If the real estate market has to correct itself to about 150k average worth then the Dow also has to correct itself to about the 7-8000 level.
Stock now down 700 points.
This is bad....really bad
Stock now down 700 points.
This is bad....really bad
O Royken
You sound soo disgruntled.....Move on in life and quit watching the day to day ticks that the Market takes. Very unhealthy way of going about investing.
can i borrow a dime from you wvu?
my bank is wachovia.....
what a day...
Kinda like giving money to ACORN eh?Because there is over sight and regulations. Two things Republicans hate and also two things that got us in this mess in the first place. thieves don't like to be monitored
What's the deal with that. I saw a quick blurb that their banking operations were being taken over by Citibank. Is that correct? I have my car loan through them I wonder if that will be effected?
Stop paying and see who contacts you.
Best Wishes...OF :smokesmal
I stopped paying a long time ago.::LMAO::I guess it doesn't really matter who I'm sending my money to.
The banks don't deserve to be bailed out. People will suffer for their mistakes either way. Either through tax dollars or less available money to lend out. Banks are the #1 lobbyist in the US. I would have sworn it was the medical industry but sure enough it's the banks. In turn the republicans have taken away regulations that allowed banks to be consumed by other banks making a situation where they are "too big to let fail". Make people have invested interested in your success and you'll never be allowed to fail? I say let them crumble and put the pieces back together. This isn't like the bailouts in the past that the government made money on. The airlines were bailed out but the government made a profit from the interest. This will never correct itself if we allow this bail out.
Always wondered how a friend of mine could smoke $30 cigars and sip the finest cognacs while sporting a few interest-only ARM?s on a couple homes with no equity, a couple auto loans and literally a half-a-dozen maxed-out credit cards.
I would consider my friend to be ?main-street? American.
He has recently foreclosed on one home, is in renegotiations on the loans of his current residence, while successfully closing out several credit cards after negotiating payments for only a fraction of their outstanding balances.
Yeah, his FICA score is taking a tumble?
But how was someone who owns nothing be allowed to bury him self in so much unsecured credit debt?
Simple Answer: Because he was allowed to by a financial system of greedy substandard lending practices that provided a plethora of unsecured loans to those who didn?t have sufficient security (collateral) as well as the financial means/ability to repay their debt.
Such lending institutional practices were also orchestrated in collaboration with the construction/home building as well as the real estate industries.
Who?s ?really? responsible? :+clueless
Consider what is going to happen when the in-debt "main-street" Americans' begin losing their employment due to this "Wall Street" credit crunch"?
.
The media is putting too much blame on Wall Street and lenders.
Government were partners in crime for this mortgage scam. A few criminal minds in Washington got togethor and figured out a plan how to bring in more tax dollars for the government and came up with their partners in Wall St with the mortgage scam.
Politicians looked the other way because of the tax dollars generated by this scam. The Government got theirs way in advance!!
The Government made tons of money taxing the builders, lenders and customers who bought all these homes they couldnt afford. Think about those taxes dollars that came in for the sale of all those artifically high priced homes? And why did Congress want to put every American into a home? So they can collect property taxes from them as well as earn tax dollars from the loan and sale.
This isnt a bailout. The government is just returning back some of the profits they made from the mortgage scam. The real issue is that Congress spent all the money and the investors took the hit.
The Government were partners in this crime!