DCBob
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Fri Nov-21-08 03:39 PM
Original message |
Markets soaring!! Geithner effect. |
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Edited on Fri Nov-21-08 04:10 PM by DCBob
Up over 500 points. Will see if it holds.
Edit: It ended up +494 for the day.
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uponit7771
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Fri Nov-21-08 03:40 PM
Response to Original message |
1. 1 billion shares of C traded today!! There has been a lot of bleeding, news was needed |
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....who is the guy?
What's his positives?
Thx
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Alter Ego
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Fri Nov-21-08 03:41 PM
Response to Reply #1 |
3. HIS NAME HAS BEEN MENTIONED IN THE SAME SENTENCE |
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AS HANK PAULSON. THEREFORE HE IS A CORPORATE FASCIST WHORE SELLOUT FATHER-RAPER MOTHER-STABBER DOG-KILLER ARGH.
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DCBob
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Fri Nov-21-08 03:42 PM
Response to Reply #1 |
4. He has good credibility. Good background. No nonsense guy. |
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Hard working, problem solver type. Just what we need now.
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SlowDownFast
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Fri Nov-21-08 04:00 PM
Response to Reply #4 |
9. Man, are you ever naive. |
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This completes the coup d'tat.
Welcome to The New World Order. Your new master is the Federal Reserve Bank (a private entity at that). Monster power consolidation.
For those unfamiliar, do a little googling on Geithner. Hint: His bestest buddies are Hanky Panky Paulson and Bendover Bernanke. The 3 stooges of Treasury looting. He's part of the problem, not the solution.
"Meet the New Boss, same as the Old Boss".
I'm very disappointed in Obama, to say the least. I've been luke-warm to cool about some of his appointments thus far, but this takes the cake.
His pick for Treasury Secretary is (was) perhaps the single most important position on his entire team, considering the current crisis - almost to the point that the new Treasury Secretary could perhaps wield more power than the president and believe me, Geithner has already (as president of the NY Federal Reserve) and will continue to.
Epic fail.
I really hope I'm wrong, but I'm not.
Fuck.
Time to go buy another gun and some more seeds.
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DCBob
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Fri Nov-21-08 04:01 PM
Response to Reply #9 |
11. Man are you ever pessimistic. |
SlowDownFast
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Fri Nov-21-08 04:24 PM
Response to Reply #11 |
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Edited on Fri Nov-21-08 04:25 PM by utopiansecretagent
Ad hominem attack?
I'm not the one who's head is in the sand, buddy.
I've been studying and have known about this looming crisis for more than a year and a half - shouting from rooftops while folks like you were pooh-poohing a recession, calling me "pessimistic", little own contemplating a full fledged Depression (which is now finally being talked about FREQUENTLY in the MSM). I was listening to Noriel Roubini before they ever gave him the time of day on Bloomberg or CNBC. Do a search of my posts here.
While everyone else has had their 401k's turned into 201k's this last year, I got out of mine AT THE TOP in December and I've been MAKING money all year using options betting against financial institutions. I made 400% profit when Bear Stearns crumbled, because I DID MY HOMEWORK and knew they were going to be the first to fail.
I bet you were one of those cheerleading (even if silently) the Bailout when it was first announced. I'd put money on it.
:eyes:
Even with a competent Treasury Secretary, I'd have my doubts about Obama's effectiveness against this seismic global crisis.
But with the foxes now guarding the henhouse AGAIN?
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DCBob
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Fri Nov-21-08 04:44 PM
Response to Reply #17 |
18. Sure genius. You were right everyone else was wrong. |
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Edited on Fri Nov-21-08 04:48 PM by DCBob
I guess you wanted to be Secretary of Treasury. Did you apply?
Sure, I have my doubts anyone is capable of fixing this mess but I trust Obama more than some anonymous poster named "utopiansecretagent".
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Median Democrat
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Fri Nov-21-08 04:04 PM
Response to Reply #9 |
12. Where's The Tin Foil? |
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It is interesting that you offer no suggestion as to who Obama should have appointed.
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SlowDownFast
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Fri Nov-21-08 09:56 PM
Response to Reply #12 |
22. Any of these would have been better: |
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Edited on Fri Nov-21-08 10:06 PM by utopiansecretagent
Volker, Paul Krugman, Noriel Roubini, Paul O'Neil, Ron Paul, David Walker (former US Comptroller General)
What you should be lamenting is that Geithner is the most powerful Federal Bank chairman. This is actually worse than the CEO of Goldman-Sachs being in this position, since you now have TWO Fed guys running the show. Do you suppose this banker of all bankers will be advising Obama to cut spending or increase borrowing?
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camera obscura
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Fri Nov-21-08 10:12 PM
Response to Reply #22 |
SlowDownFast
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Fri Nov-21-08 10:43 PM
Response to Reply #24 |
25. Not my first pick, but better than Geithner. |
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Bipartisan appeal and real change and solutions - the man is fiscally pragmatic.
How about this, just appoint SOMEONE that is NOT a bankster criminal?
Just so we remember, Geithner was the architect of the BSC takeunder.
Somehow I don't think Bush-style cronyism coupled with Clinton leftovers is the recipe for the "change" people are droning on about.
Geithner was closely involved in the design and execution of the Bush administration's $700bn banking bailout, which has proven less than popular with Congress and could become an issue during his confirmation hearing.
The possible pitfalls of his ties to star-crossed financial titans can be summed up by the headline on a recent Portfolio magazine profile of Geithner: The Man Who Saved (or Got Suckered By) Wall Street.
Geithner IS responsible for the current crisis we are in.
Looks like the Wall Street Mafia found their yes man...
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Sebass1271
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Fri Nov-21-08 04:09 PM
Response to Reply #9 |
14. remember, they WILL REPORT TO THE BOSS |
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.. NOT THE OTHER WAY AROUND. Obama is smart and can think for himself unlike Bush, he let his employees think for HIM. Obama will set the Agenda. They will bring up ideas and solutions but ulimately, it will be President Elect Obama's decisions.
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Zynx
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Fri Nov-21-08 04:10 PM
Response to Reply #9 |
15. Federal Reserve appointments are from the government. It gives its profits at the end of |
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the year to the U.S. Treasury. You are ill-informed. It is a classic public-private partnership and an important one at that.
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gmudem
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Fri Nov-21-08 04:46 PM
Response to Reply #9 |
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Stopped reading after that.
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janx
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Fri Nov-21-08 04:48 PM
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anonymous171
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Fri Nov-21-08 05:06 PM
Response to Reply #9 |
21. You're the naive one. Everyone knows that the only politician who isn't NWO is Ron Paul. |
onehandle
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Fri Nov-21-08 03:41 PM
Response to Original message |
2. Bush is walking to the podium!! |
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Down 800 points.
(kidding)
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DCBob
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Fri Nov-21-08 03:56 PM
Response to Reply #2 |
8. Up 480!! Over 8000 again. |
SlowDownFast
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Fri Nov-21-08 10:47 PM
Response to Reply #8 |
27. You've proved my point posted above |
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if you actually think 8000 could possibly hold.
We're not even NEAR bottom, yet.
But hey, I'm just a "pessimist".
:rofl:
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phantom power
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Fri Nov-21-08 03:43 PM
Response to Original message |
5. I expect that soon "the market" will realize he doesn't take office for 60 days... |
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and meanwhile, nothing about the currently-imploding economy has changed.
Maybe we can call that the "oh wait, we're still fucked" effect.
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DCBob
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Fri Nov-21-08 03:47 PM
Response to Reply #5 |
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I wish Bush would resign and let Obama take over.
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DemzRock
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Fri Nov-21-08 03:51 PM
Response to Reply #6 |
7. Doesn't work that way unfortunately. |
question everything
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Fri Nov-21-08 04:08 PM
Response to Reply #5 |
13. The market is soaring not because of who he is but because a decision has been made |
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The market does not like uncertainty.
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backscatter712
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Fri Nov-21-08 04:01 PM
Response to Original message |
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Edited on Fri Nov-21-08 04:18 PM by backscatter712
I guess I should try reading the news sometime.
I haven't heard of Geithner before, but he sounds like a decent man for the job.
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This One
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Fri Nov-21-08 04:10 PM
Response to Original message |
16. I now pronounce the "Obama Recession" to be over |
Jennicut
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Fri Nov-21-08 09:57 PM
Response to Reply #16 |
23. Can we pronounce this the Obama recovery yet? |
thenam
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Fri Nov-21-08 10:45 PM
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26. Ah, I see that the correct member of the elite got tapped, then. |
Lerrad
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Fri Nov-21-08 10:48 PM
Response to Original message |
28. Big deal, it has lost 35% in the past month, but my 401K has lost 50%. |
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I'm screwed there went my retirement, right down the drain.
I guess I need to call Joe the Plumber.
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amandabeech
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Fri Nov-21-08 11:15 PM
Response to Original message |
29. Geithner was one of the NY Fed guys who negotiated the JPMorgan purchase of Bear Stearns. |
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Some people think that the Federal Reserve team got taken on that one.
Not a promising circumstance, as far as I'm concerned.
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Mon May 06th 2024, 01:13 PM
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