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Wow... the market really loves the treasury pick!

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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:20 PM
Original message
Wow... the market really loves the treasury pick!

The Dow is skyrocketing upward.

From +4 to +230 in minutes.
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Hope And Change Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:27 PM
Response to Original message
1. I must have missed that.Who is it then?
Edited on Fri Nov-21-08 03:27 PM by Hope And Change
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Fleshdancer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:27 PM
Response to Reply #1
2. Tim Geithner
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Hope And Change Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:28 PM
Response to Reply #2
3. Oh.Thanks for the info.
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Skwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:30 PM
Response to Original message
4. But alas, what is good for Wall Street isn't always good for main street.
Edited on Fri Nov-21-08 03:31 PM by Skwmom
It seems that he comes from the group that loves deregulation and free markets. Just what we need more of. This is really an exciting time we live in.....

I don't know why we worry about another Country attacking us. We do a great job of destroying this country all on our own. But you have to keep your sense of humor about all of this....


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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:32 PM
Response to Reply #4
6. Has there been ANY cabinet pick you've liked?
You pissed and moaned about Clinton and Holder because they were "Clintonistas".

You piss and moan about this guy, even though he is NOT a "Clintonista".



I'm convinced you'll just piss and moan about every appointment he makes that is someone not name "Dennis Kucinich".



:eyes:
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Skwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:49 PM
Response to Reply #6
7. He was an aide to TWO former Clinton Treasury Secretaries, Summers and Rubin who
where the geniuses behind driving the U.S. into the ditch. Am I supposed to be elated about that?


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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:55 PM
Response to Reply #7
9. Rubin and Summers were the last to preside over government SURPLUSES.....
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 04:07 PM
Response to Reply #7
15. These people have to get their experience somewhere.
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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:53 PM
Response to Reply #4
8. yeah, wall street continuing in a downward spiral is fucking great for main street,
genius. And you don't have a fucking clue about Geistner.

You do absolutely nothing but piss and moan and whine and ignorantly prattle on about things you know jackshit about.

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Skwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:57 PM
Response to Reply #8
11. He was an aide to Rubin and Summers, two of the people when they are writing about the fall of the
U.S. will definitely be included in the book.

You know Cali, you really should try to laugh more. Humor will help you through stressful times.

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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:58 PM
Response to Reply #11
12. You need a history lesson.... Rubin was an awesome Treasury head
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Skwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 04:05 PM
Response to Reply #12
14. Keep repeating that. Some people might believe it due to the repetition of the
statement, but I'm not one of them.

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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:59 PM
Response to Reply #11
13. I laugh quite a bit
but I don't find stupid particularly amusing- at least not most of the time. and I'm suspicious of people who as deeply "concerned" as you are.
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Skwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 04:10 PM
Response to Reply #13
16. Yeah, I am deeply concerned for my country. As far as stupidity - watching
our federal govt the last 24 years must have provided you with plenty of amusement.
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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:32 PM
Response to Original message
5. Everybody is probably relieved that Paulson is getting kicked out
Some people were floating rumors that he would stay on.
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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:56 PM
Response to Original message
10. Update.. Dow now back over 8000...... The street is LOVING this pick
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crispini Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 04:11 PM
Response to Original message
17. The market is just freakishly skittish right now.
Edited on Fri Nov-21-08 04:13 PM by crispini
It'll probably tank tomorrow. And it just wants SOMEONE to do SOMETHING. The market would probably be happy if Obama picked Jeffrey Dahmer to be Sec. Treas & he promised to eat a few CEOs or something.

Edited: Not that the current pick is BAD, or anything -- I have no idea -- just saying that the market is so freakish right now, anything will make it go wiggy.
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