Javaman
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 10:31 AM
Original message |
so what happens if after the bailout the market after a brief honeymoon begins to tank again? nt |
jaxx
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 10:34 AM
Response to Original message |
1. Paulson will have the authority to do what he wants. |
|
Sorta like bush saying "sickem".
|
durablend
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 10:35 AM
Response to Original message |
2. Why, another bailout of course! |
|
This time they'll confiscate the bank accounts of the taxpayers!
|
rug
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 10:37 AM
Response to Original message |
3. Maybe the government should just foreclose on the means of production. |
|
Then we can seize the government.
Voila.
|
JVS
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 10:38 AM
Response to Original message |
4. Boomers cash out, market is gone |
Warren Stupidity
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 10:40 AM
Response to Original message |
5. If you listened to the outside smart people on this subject |
|
they are all pretty much in agreement that this is far from over and that, for example, the Dow, even as it continues to shed The Weeks Biggest Loser from its index, is headed for somewhere around 9000 before it finds its bottom.
|
dysfunctional press
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 10:42 AM
Response to Original message |
6. i think that might be part of the plan...they're focused on crossing the finish line on nov.4... |
|
the best thing to do with a huge steaming pile of cowshit is to let someone else clean it up.
|
MUAD_DIB
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 11:10 AM
Response to Reply #6 |
Solly Mack
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 10:42 AM
Response to Original message |
7. I'm not without compassion and concern |
|
Edited on Sun Sep-21-08 10:45 AM by Solly Mack
and I'm certainly not without worry
but I got to admit to being more curious than alarmed at this point in the end game
maybe I'm just in shock
I'm sitting lightly and tense, got my hand over my mouth and breathing through my nose - waiting and watching.
more money and more money will be demanded....and how does it all end?
|
earthside
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 10:52 AM
Response to Original message |
|
There is nothing in the 'Big Bush Bailout Plan' thus far that stops the banks and investment houses from doing what they have been doing.
Indeed, the whole point seems to be to get things back to a stage where they can lend and create even more debt.
I hate to say it, but if Barney Frank and Pelosi and Reid go along with this scheme as it has been presented, then it will be the biggest betrayal of the working/middle class in modern U.S. history.
|
Tierra_y_Libertad
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 11:17 AM
Response to Original message |
10. There's no "if" about it. |
|
At best, it will slow down the crash. A doubtful prospect.
|
HamdenRice
(1000+ posts)
Send PM |
Profile |
Ignore
|
Sun Sep-21-08 11:17 AM
Response to Original message |
11. Nothing. This isn't about the stock market. It's about the banking system |
|
Edited on Sun Sep-21-08 11:18 AM by HamdenRice
The market crash was just a symptom -- the sneeze -- but the flu is in the banking system.
The question is whether this creates liquidity in the banking system-- whether banks will be able to lend to each other again.
If the market crashes again it has nothing to do with whether the bailout worked, and the bailout is not intended to help the stock market.
In fact, it has been described as an attempt to disentangle the "liquidity crisis" from the "solvency crisis" and only solve the former. The bailout specifically seems to contemplate lots of Wall St firms and banks going bankrupt anyway.
|
DU
AdBot (1000+ posts) |
Thu Apr 25th 2024, 03:04 PM
Response to Original message |