miaheatlvr
Active Member
Talk about anarchy, armageddon. This could have a devastating effect on me and my business as a small business owner and I am in the retail/advertising business and those are not living necessities.
Holy Moly, Dow down 600 points?
- Thread starter miaheatlvr
- Start date
rylan1
Active Member
the problem isn't soley the stock market, but the fact that the banks don't have the capital to operate... with all these bad house notes and on the books they are not able to offer credit... that is the big risk... that businesses and consumers won't be able to get credit issued which will cause issues that will result in job loss or inablility to offer services or buy goods.
Second is the private sector in which people won't be able to get credit for homes, auto loans, and etc... which hurts already hurting businesses. So its about being able to issue credit and not just what is happening on Wall Street.
Second is the private sector in which people won't be able to get credit for homes, auto loans, and etc... which hurts already hurting businesses. So its about being able to issue credit and not just what is happening on Wall Street.
sickboy
Active Member
The dollar/euro is only down .99%
Its funny listening to the anchors on CNBC talking about they have "been talking about these problems for the last 10 years." LOL! I'm pretty sure they saw no problems when the market was going up.
On another note, our securities are getting even cheaper for foreign governments to buy. I once read an article by Warren Buffet that expressed the possibility of the U.S. being colonized by a country like China, not through military force but rather through our financial system. I don't really buy it, but that article just came to mind.
Its funny listening to the anchors on CNBC talking about they have "been talking about these problems for the last 10 years." LOL! I'm pretty sure they saw no problems when the market was going up.
On another note, our securities are getting even cheaper for foreign governments to buy. I once read an article by Warren Buffet that expressed the possibility of the U.S. being colonized by a country like China, not through military force but rather through our financial system. I don't really buy it, but that article just came to mind.
stdreb27
Active Member
Originally Posted by Rylan1
http:///forum/post/2773873
the problem isn't soley the stock market, but the fact that the banks don't have the capital to operate... with all these bad house notes and on the books they are not able to offer credit... that is the big risk... that businesses and consumers won't be able to get credit issued which will cause issues that will result in job loss or inablility to offer services or buy goods.
Second is the private sector in which people won't be able to get credit for homes, auto loans, and etc... which hurts already hurting businesses. So its about being able to issue credit and not just what is happening on Wall Street.
This problem is political, and how bad policy has artificially influenced the market place. And corrupt politicians who have turned a blind eye to these problems.
http:///forum/post/2773873
the problem isn't soley the stock market, but the fact that the banks don't have the capital to operate... with all these bad house notes and on the books they are not able to offer credit... that is the big risk... that businesses and consumers won't be able to get credit issued which will cause issues that will result in job loss or inablility to offer services or buy goods.
Second is the private sector in which people won't be able to get credit for homes, auto loans, and etc... which hurts already hurting businesses. So its about being able to issue credit and not just what is happening on Wall Street.
This problem is political, and how bad policy has artificially influenced the market place. And corrupt politicians who have turned a blind eye to these problems.
sickboy
Active Member
Originally Posted by Rylan1
http:///forum/post/2773873
the problem isn't soley the stock market, but the fact that the banks don't have the capital to operate... with all these bad house notes and on the books they are not able to offer credit... that is the big risk... that businesses and consumers won't be able to get credit issued which will cause issues that will result in job loss or inablility to offer services or buy goods.
Second is the private sector in which people won't be able to get credit for homes, auto loans, and etc... which hurts already hurting businesses. So its about being able to issue credit and not just what is happening on Wall Street.
I know this, I just think that the gov't will eventually intervene and having money in the market before that happens could make you insanely rich.
http:///forum/post/2773873
the problem isn't soley the stock market, but the fact that the banks don't have the capital to operate... with all these bad house notes and on the books they are not able to offer credit... that is the big risk... that businesses and consumers won't be able to get credit issued which will cause issues that will result in job loss or inablility to offer services or buy goods.
Second is the private sector in which people won't be able to get credit for homes, auto loans, and etc... which hurts already hurting businesses. So its about being able to issue credit and not just what is happening on Wall Street.
I know this, I just think that the gov't will eventually intervene and having money in the market before that happens could make you insanely rich.
ice4ice
Active Member
Originally Posted by sickboy
http:///forum/post/2773887
I know this, I just think that the gov't will eventually intervene and having money in the market before that happens could make you insanely rich.
The government to intervene ? Why ? Why should the government intervene when the CEOs of these mortagage companies are the ones that started this mess to begin with ? How do you think the Great Depression during the 20's & 30's started to begin with ? Obviously the federal government don't want to learn from their past mistakes.
I say NO to the bail out! But before anybody blame it all on the Democrats, I read online just now that 2/3 of the votes came from the Republicans while 40% came from the Democrats.
http:///forum/post/2773887
I know this, I just think that the gov't will eventually intervene and having money in the market before that happens could make you insanely rich.
The government to intervene ? Why ? Why should the government intervene when the CEOs of these mortagage companies are the ones that started this mess to begin with ? How do you think the Great Depression during the 20's & 30's started to begin with ? Obviously the federal government don't want to learn from their past mistakes.
I say NO to the bail out! But before anybody blame it all on the Democrats, I read online just now that 2/3 of the votes came from the Republicans while 40% came from the Democrats.
stdreb27
Active Member
Originally Posted by Ice4Ice
http:///forum/post/2773905
The government to intervene ? Why ? Why should the government intervene when the CEOs of these mortagage companies are the ones that started this mess to begin with ? How do you think the Great Depression during the 20's & 30's started to begin with ? Obviously the federal government don't want to learn from their past mistakes.
I say NO to the bail out! But before anybody blame it all on the Democrats, I read online just now that 2/3 of the votes came from the Republicans while 40% came from the Democrats.
I"m a little confused, are you saying 2/3 of republicans voted no, and 40% of democrats?
http:///forum/post/2773905
The government to intervene ? Why ? Why should the government intervene when the CEOs of these mortagage companies are the ones that started this mess to begin with ? How do you think the Great Depression during the 20's & 30's started to begin with ? Obviously the federal government don't want to learn from their past mistakes.
I say NO to the bail out! But before anybody blame it all on the Democrats, I read online just now that 2/3 of the votes came from the Republicans while 40% came from the Democrats.
I"m a little confused, are you saying 2/3 of republicans voted no, and 40% of democrats?
sickboy
Active Member
Originally Posted by stdreb27
http:///forum/post/2773910
I"m a little confused, are you saying 2/3 of republicans voted no, and 40% of democrats?
I didn't do the math, but as I was watching the vote count, this seems to be pretty close to accurate. It wasn't reps v dems, it was more of a mixed bag.
http:///forum/post/2773910
I"m a little confused, are you saying 2/3 of republicans voted no, and 40% of democrats?
I didn't do the math, but as I was watching the vote count, this seems to be pretty close to accurate. It wasn't reps v dems, it was more of a mixed bag.
rylan1
Active Member
Originally Posted by Ice4Ice
http:///forum/post/2773905
The government to intervene ? Why ? Why should the government intervene when the CEOs of these mortagage companies are the ones that started this mess to begin with ? How do you think the Great Depression during the 20's & 30's started to begin with ? Obviously the federal government don't want to learn from their past mistakes.
I say NO to the bail out! But before anybody blame it all on the Democrats, I read online just now that 2/3 of the votes came from the Republicans while 40% came from the Democrats.
because now the problem is sooo much bigger than just the housing market.. it has created a global problem with all the world's markets being effected. The banks are stuck with these house note bonds and they can't sell them because they are essentially worthless... now the result is that they have sooo much capital tied into these house note bonds that they don't have enough capital to offer credit and why people's assets are at risk... this is why you are seeing so many huge banks going down or being taken over.
When have we ever seen so many banks in trouble... you can add investment firms to that as well....?
http:///forum/post/2773905
The government to intervene ? Why ? Why should the government intervene when the CEOs of these mortagage companies are the ones that started this mess to begin with ? How do you think the Great Depression during the 20's & 30's started to begin with ? Obviously the federal government don't want to learn from their past mistakes.
I say NO to the bail out! But before anybody blame it all on the Democrats, I read online just now that 2/3 of the votes came from the Republicans while 40% came from the Democrats.
because now the problem is sooo much bigger than just the housing market.. it has created a global problem with all the world's markets being effected. The banks are stuck with these house note bonds and they can't sell them because they are essentially worthless... now the result is that they have sooo much capital tied into these house note bonds that they don't have enough capital to offer credit and why people's assets are at risk... this is why you are seeing so many huge banks going down or being taken over.
When have we ever seen so many banks in trouble... you can add investment firms to that as well....?
rylan1
Active Member
Originally Posted by Ice4Ice
http:///forum/post/2773905
The government to intervene ? Why ? Why should the government intervene when the CEOs of these mortagage companies are the ones that started this mess to begin with ? How do you think the Great Depression during the 20's & 30's started to begin with ? Obviously the federal government don't want to learn from their past mistakes.
I say NO to the bail out! But before anybody blame it all on the Democrats, I read online just now that 2/3 of the votes came from the Republicans while 40% came from the Democrats.
they did do something similar during that time with housing... as well as in the 70's I think... each time they made a profit..
http:///forum/post/2773905
The government to intervene ? Why ? Why should the government intervene when the CEOs of these mortagage companies are the ones that started this mess to begin with ? How do you think the Great Depression during the 20's & 30's started to begin with ? Obviously the federal government don't want to learn from their past mistakes.
I say NO to the bail out! But before anybody blame it all on the Democrats, I read online just now that 2/3 of the votes came from the Republicans while 40% came from the Democrats.
they did do something similar during that time with housing... as well as in the 70's I think... each time they made a profit..
stdreb27
Active Member
I don't know, this was as close as you're going to get to a perfect storm, politically. And it didn't happen. a month before the election, republican president, supporting a bill written by a democrat. Both presidential candidates who like things like this showing up to "negotiate".
National president address echoing doomsday predictions of the doomsdayers. The senate doing some cya and having the house vote on it first. Then waiting 2 days before voting on this piece of legislation that the whitehouse and the heads in congress said needed to be passed to avoid a doomsday senario from happening.
Then the bill getting defeated, in an non-partisan vote, remarkably. 2/3's of republicans and 40% of democrats. (according to a previous poster) This was some fun politics.
National president address echoing doomsday predictions of the doomsdayers. The senate doing some cya and having the house vote on it first. Then waiting 2 days before voting on this piece of legislation that the whitehouse and the heads in congress said needed to be passed to avoid a doomsday senario from happening.
Then the bill getting defeated, in an non-partisan vote, remarkably. 2/3's of republicans and 40% of democrats. (according to a previous poster) This was some fun politics.