What did Geitner say that caused a 300 pt drop in the Dow? n/t

[HereSince1628]

I missed it

[jpak]

1. transparency and accountability - tax dollars are a privilege, not a right

:D

[snappyturtle]

2. Maybe the market didn't like his first point--transparency! nt

[HereSince1628]

3. So, there are skeletons in the bank vaults? n/t

[JFKfanforever]

4. Maybe the market didn't like HIM? Tax cheat and Fed toady!

[HereSince1628]

7. Hey, I heard he's one of them. So, what's not to like?

Seems like almost everytime an administration speaks this happens. Of course, the market is so unstable that could just be coincidence...

[Dawgs]

8. Why you so bitter? Did this guy beat you up when you were a kid or something?

Around here we tend to blame the last administration; not the one that's been in power for only three weeks.

[jpak]

5. Wall Street managers still don't "get it" and have to accept blame our current economy

or words to that effect

:D

[tridim]

10. So their response is to fuck the economy more?

That makes sense. :eyes:

IMO the stock market is a scam and it has always been a scam. That's why it's going down today.

[Stinky The Clown]

6. Nothing

The market is irrational and disconnected from the broader reality that is life

[ixion]

9. exactly

[Subdivisions]

11. A lot of hype. No pay off. n/t

[W_HAMILTON]

13. Yep.

I figured the fat cats were letting the DOW creep up too much from that 8k bottom, so it's time to sell off, let the markets fall, then buy in again. Rinse, repeat, and profit.

Especially lately, the market is nonsensical.

Up is down, left is right.

[valerief]

14. And yet it controls our survival. Life is a ping-pong game with no paddles for most of us..

[Bonhomme Richard]

12. Same reason it goes up when people get laid off. Greed n/t