Subdivisions
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Fri Jul-11-08 08:57 AM
Original message |
Well, woke up to a new oil price record and the markets taking a dump. |
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Edited on Fri Jul-11-08 08:59 AM by Texas Explorer
New oil record $147.28.
Dow down more than 100. The rest of the markets also not doing well this morning.
And Paulson's about to take your hard earned tax dollars and use them to pay the mortgage default debt of Fannie Mae and Freddie Mac. That's $5 Trillion bucks you really didn't need for gas anyway, right?
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Amonester
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Fri Jul-11-08 09:01 AM
Response to Original message |
1. Republican CEO Havemores |
Indiana_Dem
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Fri Jul-11-08 09:06 AM
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2. Is this "the" day? I heard something was going to happen badly in the markets in 3 weeks to 3 months |
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...or am I just whining? :sarcasm:
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Subdivisions
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Fri Jul-11-08 09:11 AM
Response to Reply #2 |
3. Paulson and Bernanke have both said |
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Edited on Fri Jul-11-08 09:13 AM by Texas Explorer
that "financial institutions must be allowed to fail so that we may get the economic correction we need."
From my extensive read of the issue, the crash that is coming any time now should take the S&P from it's current ~1240 down to ~700. That will wipe out the 401ks and retirement savings of millions of people.
All I can say is hold on tight.
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Ichingcarpenter
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Fri Jul-11-08 09:14 AM
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4. Quit Whining..... geez |
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Didn't you get the memo? Chocolate rationing is up!
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slackmaster
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Fri Jul-11-08 09:24 AM
Response to Original message |
5. We're expecting possible thunderstorms in southern California |
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Some of them might drift to the coast. That's news.
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DU
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Tue Apr 23rd 2024, 12:25 PM
Response to Original message |