Awright you mugs, PAY the ransom, or its the New Depression see?

[Philosoraptor]

That's basically what the 'Mad Money' guy said on the matthews show, the bailout should be paid in full, within the next 5 days tops, or its the great depression, and he said he wasn't kidding or using metaphors.

matthews asked if that meant that folks wouldn't be able to draw money out of their ATM's and the expert said that the whole nation would basically shut down and collapse.

Crazy huh?

[alsame]

1. That's what it sounded like to me too. Both Cramer and the other

guy were really pushing fear of what's to come if this bill doesn't pass and pass quickly.

[JuniperLea]

2. That's what it boils down to...

I recommend a large bag of beans, another of rice... and if you are handy at griddle cakes on a campfire, you might lay in some flour, shortening, salt and leavening agents. It's going to be a while.

Frankly, I think this is going to happen regardless. The bailout is a band aid on a hemorrhage.

[DJ13]

3. This is the very definition of economic terrorism

Forget planes into the financial district, just spend stupid amounts on worthless junk then threaten to destroy the entire economy if you're not reimbursed by the taxpayers for your mistake.

Even bin Laden couldnt pull off this level of terrorism.

[Philosoraptor]

4. economic terrorism

[Warpy]

5. It's already the New Depression if you are out there

working for a living and paying a mortgage, credit card debt, student loans, and car loans. Prices have gotten to the point where you don't buy a thing you don't absolutely need.

The dead ATM scenario is a valid one. The institutions do need to be bailed out. However, they also need to have that bailout come with strings and some very sharp teeth.

[yy4me]

6. I am really beginning to wonder if I should go to the bank and

take out some money to buy food and gas. It is sounding so dire now that $17.00 in my wallet won't go to far. What preparations are any of you making just in case this whole thing goes down the hopper. I do think it is scare tactics at its highest, but what if it isn't? What if it so bad and they have managed to hide it so long that the whole financial mess dumps?

[Greyhound]

7. It's what they're counting on and judging by DU, it's going to work.

I'm just glad I don't have kids.
:kick:



WAKE UP AMERICA!

[aint_no_life_nowhere]

8. Why aren't they saying this to the private sector?

Why aren't they telling Goldman Sachs, Bank of America, CitiCorp, Wells Fargo, and a half dozen oil companies that if they don't buy up the bad debt, they will be destroyed in a depression? Why isn't Bush out making a speech directing his words to the private sources of capital and telling them they will die unless they act? The private sector doesn't want to buy up the bad debt. Maybe if someone made it clear to them that they will go out of business in an economic meltdown unless they chip in they might do something.

Why is it only the American taxpayer getting the gun thrust to its head? The private sector has as much to lose and perhaps even more if an economic armageddon comes to pass.

[ShortnFiery]

9. Hell no! Let's vote all the THIEVES who vote for this out of office? eom

[dkofos]

10. Oh No the SECOND REPUBLICAN GREAT DEPRESSION is upon us.

12. Banking regulation

Maybe someone can help me out. I'm sure that I saw that the Dems introduced a bill in 2002 or so that would have increased regulation on the banking and mortgage industry and the Republicans managed to block it. If anyone can quote a source or point to a reference for this, I would appreciate it.

[Va Lefty]

11. Excellent cartoon by Oliphant

[wilt the stilt]

13. I hate to say it

but I think there is some validity to what they are saying. This is no normal collapse. This is the financial industry going under. Same as the banks in '29. I don't know how fast it has to be done but this is serious shit.

[curious one]

14. I have seen this movie with other rush to approve request or die.

Give me your money or you suffer in the future. We are already suffering.

[ixion]

15. either way, there's going to be a bill...

that is, either way, there's going to be a depression. The questions now when and how bad. The longer we wait, the worse it will be. This will only make things worse, and put more money in the pockets of those who caused it.

[flamingdem]

16. Yew dirty rat yew killed my 401k!

What's the hurry folks. I don't see any "bank runs".

[Philosoraptor]

17. ..............