Sandhusker said:Wasn't the S&L deal. We took it in the shorts with that one. Chrysler maybe?
That sounds right, when Chrysler made its come back, I was thinking the Feds made a pretty penny off that deal. I will have to look it up!
Sandhusker said:Wasn't the S&L deal. We took it in the shorts with that one. Chrysler maybe?
aplusmnt said:Sandhusker said:Wasn't the S&L deal. We took it in the shorts with that one. Chrysler maybe?
That sounds right, when Chrysler made its come back, I was thinking the Feds made a pretty penny off that deal. I will have to look it up!
Sandhusker said:You can't blame this on Bush, and you can't blame it on Clinton. You have to blame it on the whole damn bunch. Any of them could of prevented it, if all of them weren't receiving "donations". This isn't about the failure of a couple individuals, it's about the failure on an entire system.
Oldtimer said:aplusmnt said:Sandhusker said:Wasn't the S&L deal. We took it in the shorts with that one. Chrysler maybe?
That sounds right, when Chrysler made its come back, I was thinking the Feds made a pretty penny off that deal. I will have to look it up!
So now you're praising your boy Bush for him and his cronies bringing the US economy to its knees and having to be bailed out by the taxpayers :???: :roll:
The new national debt limit has risen to $11.5 TRILLION...
FISCAL CONSERVATIVES :roll: :lol: :lol: God help us all....
Oldtimer said:I TOLD YOU SO--3 years ago that he'd bankrupt this country.... :wink:![]()
aplusmnt said:Oldtimer said:aplusmnt said:That sounds right, when Chrysler made its come back, I was thinking the Feds made a pretty penny off that deal. I will have to look it up!
So now you're praising your boy Bush for him and his cronies bringing the US economy to its knees and having to be bailed out by the taxpayers :???: :roll:
The new national debt limit has risen to $11.5 TRILLION...
FISCAL CONSERVATIVES :roll: :lol: :lol: God help us all....
How correct you are "FISCAL CONSERVATIVES God help us all"
Problem is Bush is not a Fiscal Conservative and we need one in the White House! If Palin is the closes we can get then I will take her, God knows Obama or Biden are not one!
As for your economy being brought to your knees I am sorry about that! You should work harder or have worked harder in the past!
Why do you think the stock market bounced back so fast? Because those that do not whine and instead work and plan bought stocks! And when some of those people around here that should have been renters lose their homes I will be looking to get back into some rent homes. Does that make me bad, I guess you can think so but these guys should have never applied for loans that they could not pay for! And now that the home prices will make some adjustments it will be smart to buy some property again!
Stocks down on oil, bailout worries
The Dow slides 373 points, erasing all of Friday's gain, on unease about the government's bank bailout plan.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: September 22, 2008: 4:12 PM EDT
NEW YORK (CNNMoney.com) -- Stocks slumped Monday, with the Dow losing 373 points, as investors worried about the specifics of the government's $700 billion bailout plan and rocketing oil prices - which saw the biggest one-day dollar gain ever.
Bond prices slipped, raising the corresponding yields, as the panicked flight-to-quality buying of last week subsided a bit. The dollar tumbled versus other major currencies. Gold prices skyrocketed.
The Dow Jones industrial average (INDU) fell 373 points, or 3.3%, according to early tallies. The Standard & Poor's 500 (SPX) index fell 3.9% and the Nasdaq composite (COMP) fell 4.2%.
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Oil prices surged, with U.S. light crude oil for October delivery briefly spiking more than $25 a barrel to hit $130 before pulling back to settle at $120.92, a gain of $16.37 - the biggest one-day dollar gain ever. Trading was briefly halted after it first spiked $10 a barrel.
http://money.cnn.com/2008/09/22/markets/markets_newyork/index.htm?cnn=yes
Oldtimer said:Looks like folks aren't too confident on Wall Street yet-- and oil is shooting back up....Its becoming apparent to many in the financial world that old GW wrecked this economy even more than previously thought and the $1 Trillion commitment ($300 Billion already- plus $700 Billion proposed) for bailouts may only be the tip of the iceberg....
And now there is even talk of China calling in our debt- which will esentially end up with them owning much of America... :roll:
Stocks down on oil, bailout worries
The Dow slides 373 points, erasing all of Friday's gain, on unease about the government's bank bailout plan.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: September 22, 2008: 4:12 PM EDT
NEW YORK (CNNMoney.com) -- Stocks slumped Monday, with the Dow losing 373 points, as investors worried about the specifics of the government's $700 billion bailout plan and rocketing oil prices - which saw the biggest one-day dollar gain ever.
Bond prices slipped, raising the corresponding yields, as the panicked flight-to-quality buying of last week subsided a bit. The dollar tumbled versus other major currencies. Gold prices skyrocketed.
The Dow Jones industrial average (INDU) fell 373 points, or 3.3%, according to early tallies. The Standard & Poor's 500 (SPX) index fell 3.9% and the Nasdaq composite (COMP) fell 4.2%.
---------------
Oil prices surged, with U.S. light crude oil for October delivery briefly spiking more than $25 a barrel to hit $130 before pulling back to settle at $120.92, a gain of $16.37 - the biggest one-day dollar gain ever. Trading was briefly halted after it first spiked $10 a barrel.
http://money.cnn.com/2008/09/22/markets/markets_newyork/index.htm?cnn=yes
I TOLD YOU SO!!!! :wink: :lol:![]()
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TexasBred said:Oldtimer said:Looks like folks aren't too confident on Wall Street yet-- and oil is shooting back up....Its becoming apparent to many in the financial world that old GW wrecked this economy even more than previously thought and the $1 Trillion commitment ($300 Billion already- plus $700 Billion proposed) for bailouts may only be the tip of the iceberg....
And now there is even talk of China calling in our debt- which will esentially end up with them owning much of America... :roll:
Stocks down on oil, bailout worries
The Dow slides 373 points, erasing all of Friday's gain, on unease about the government's bank bailout plan.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: September 22, 2008: 4:12 PM EDT
NEW YORK (CNNMoney.com) -- Stocks slumped Monday, with the Dow losing 373 points, as investors worried about the specifics of the government's $700 billion bailout plan and rocketing oil prices - which saw the biggest one-day dollar gain ever.
Bond prices slipped, raising the corresponding yields, as the panicked flight-to-quality buying of last week subsided a bit. The dollar tumbled versus other major currencies. Gold prices skyrocketed.
The Dow Jones industrial average (INDU) fell 373 points, or 3.3%, according to early tallies. The Standard & Poor's 500 (SPX) index fell 3.9% and the Nasdaq composite (COMP) fell 4.2%.
---------------
Oil prices surged, with U.S. light crude oil for October delivery briefly spiking more than $25 a barrel to hit $130 before pulling back to settle at $120.92, a gain of $16.37 - the biggest one-day dollar gain ever. Trading was briefly halted after it first spiked $10 a barrel.
http://money.cnn.com/2008/09/22/markets/markets_newyork/index.htm?cnn=yes
I TOLD YOU SO!!!! :wink: :lol:![]()
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OT..not BUSH....congress....repubs and dems are responsible. What debt? Only in the form of T-Bills....they can't call them..they can only offer to sell them and if there is no buyer they have to hold them until maturity which can be as much as 30 years. . Go take some economics classes you old coot.
Bernanke: Recession Certain If No Bailout
Tuesday, September 23, 2008 11:59 AM
Federal Reserve Chairman Ben Bernanke bluntly warned Congress on Tuesday it risks a recession, with higher unemployment and increased home foreclosures, if it fails to act on the Bush administration's plan to bail out the financial industry.
Bernanke told the Senate Banking Committee that failure to act could leave ordinary businesses unable to borrow the money they need to expand and hire additional employees, while consumers could find themselves unable to finance big-ticket purchases such as cars and homes.
Bernanke's remarks came in response to a question from Sen. Chris Dodd, D-Conn., the committee's chairman, who seemed eager to hear a strong rationate for lawmakers to act swiftly on the administration's unprecedented request.
"The financial markets are in quite fragile condition and I think absent a plan they will get worse," Bernanke said.
http://moneynews.newsmax.com/headlines/recession/2008/09/23/133547.html
aplusmnt said:Thought we were already in a recession? I can not keep up with your doom and gloom post OT :?
Either way, better get ready to go to work, life goes on and so does the American dream if you make it happen!
New Jobless Claims Jump to 7-Year High
Thursday, September 25, 2008 9:42 AM
WASHINGTON -- New claims for unemployment benefits jumped last week to their highest level in seven years due to the impact of a slowing economy and Hurricanes Ike and Gustav, the Labor Department reported Thursday.
The department said new requests for jobless benefits for the week ending Sept. 20 increased by 32,000 to a seasonally-adjusted 493,000, much higher than analysts' expectations of 445,000.
August Durable Goods Orders Drop 4.5 Pct.
Thursday, September 25, 2008 9:04 AM
WASHINGTON -- New orders for long-lasting manufactured goods dropped by a sharper-than-expected 4.5 percent in August as demand for transportation equipment and many other costly items plummeted, the Commerce Department said on Thursday.
Home Prices Fell Record 5.3 Pct. in July on Year
Tuesday, September 23, 2008 2:00 PM
WASHINGTON -- Nationwide home prices in July fell a record 5.3 percent compared with a year ago, a government agency said Tuesday, and have now receded to October 2005 levels.
U.S. government seizes Washington Mutual
By Eric Dash and Andrew Ross Sorkin Published: September 26, 2008
The U.S. government on Thursday made the largest bank seizure in American history, taking over Washington Mutual, the severely troubled savings and loan, and selling pieces of it to JPMorgan Chase in an emergency deal intended to avoid sticking the taxpayer with a bill for another bank.
http://www.iht.com/articles/2008/09/26/business/26wamu.php
Report: Wachovia, Citi in Talks to Merge
Friday, September 26, 2008 5:29 PM
Wachovia Corp has begun preliminary merger talks with Citigroup Inc, the New York Times said on Friday, a move that would combine two giant U.S. banks battered by the global credit crisis.
The talks are early and no transaction may emerge, the newspaper said, citing people briefed on the matter.
Wachovia's market value was about $21.6 billion as of Friday's market close, and Citigroup's was $109.7 billion, according to Reuters data.
http://moneynews.newsmax.com/headlines/wachovia_citigroup_merge/2008/09/26/134879.html
Oldtimer said:DOW down 350 points- NASDAQ loses 4.5%
Feeder cattle futures LIMIT DOWN
Fats almost the same...
Local Wheat prices off $.30 to $1.30
Corn off $.30
EVERYTHING DOWN !!!
What was it Bush and McBusch were echoing just two weeks ago-"the fundamentals of the economy are strong".. :???:
Thanks again GW!!!!!
I TOLD YOU SO!!!
aplusmnt said:Oldtimer said:DOW down 350 points- NASDAQ loses 4.5%
Feeder cattle futures LIMIT DOWN
Fats almost the same...
Local Wheat prices off $.30 to $1.30
Corn off $.30
EVERYTHING DOWN !!!
What was it Bush and McBusch were echoing just two weeks ago-"the fundamentals of the economy are strong".. :???:
Thanks again GW!!!!!
I TOLD YOU SO!!!
OT you have no idea what Fundamentals of the Economy are and to bias to understand it if someone drew you a crayon picture!
I suspect you are a bitter man that let ambition pass you by and now you are older and want someone else to correct your past mistakes! You do not understand Fundamentals of Economy because you never carred to learn what they were when you were in your prime earning ages!