Unsettled Economy & The Bailout

[timkona]

Re: Unsettled Economy & The Bailout

Frankie, you must have had to search to find that one. Cuz theres lots of polls that say the opposite.

http://consumerist.com/5054709/poll-...rt-the-bailout

oh wait...here's another http://www.latimes.com/business/inve...,5568395.story

oopps found another http://www.foxnews.com/story/0,2933,428921,00.html

Shucks, it even looks like the LA Times, AND Fox News agree on this one.

Oh Frankie, I've come to expect so much more from you. Shape up son.

[Seeking Penance]

Re: Unsettled Economy & The Bailout

i am high on optimism that whatever the outcome may be - it will work itself out in the end -

yet - pelosi contradicts every ______ word she utters - someone needs to sedate her - or lay a flat dog muzzle on that trap of hers

enough said

peace be still

[timkona]

Re: Unsettled Economy & The Bailout

Fox News gets a ton of mileage out of Pelosi.

You gotta wonder how she made it to the top of the pile.

But she came from San Francisco....arguably the Wing Nut Capital of the Planet.

[Seeking Penance]

Re: Unsettled Economy & The Bailout

i also strongly believe - it isn't the bailout that concerns pelosi or congress, both republican or democrats - let alone the returns she so painfully stated in her speech - i strongly believe if it came to a definet bailout - washington/federal government and/or members of congress wants control of wall street - may not be 100% control but at least a quarter!! it just may come to that; with all the pain staking political bureauratic bull _______ - dirty politics

again pelosi is a contradiction (dirty politics) she's got a pocket full size of investments as well

* * there are some of us who have worked hard and have set aside little at a time with investments be it mutual funds or with NYSE - again i am high on optomism that it will work out in the end

someone needs to lay a dog muzzle on pelosi's trap

mahalo

[TuNnL]

Re: Unsettled Economy & The Bailout

Kerry agrees with O'Reilly. Ron Whitfield agrees with O'Reilly. Pelosi voted yes, and yet somehow helped to defeat the bill. 33% of Reps voted NO. 40% of Dems voted NO. Somehow Reps are to blame for it not passing. The difference is 23 votes.

The "people" don't want the bailout, and are willing to risk economic collapse, to send Wall St. fatcats, and their parents living on 401k's, to the poor house.

Gold is soaring. Oil is falling.

If it sounds a little twisted, that's cuz it is.

I'm totally against the bailout because I believe in laissez-faire and caveat emptor. Plus, I have nothing invested in stock. Wall St. is a total Vegas crapshoot-house-of-cards-make-believe-horse-manure-figment-of-the-imagination anyway. With great marketing, just like Vegas. The only difference is, in Vegas, the house never loses. I can get you a much better return on your money if you help float my sports bookmaking operation.

Cash flow real estate is the name of the game. Rent to government agencies whenever possible.

For once, a post I agree with every word from Timkona (although I do have some money invested in stock). Is the sky falling yet? Someone “un-ban” the heathens. And to answer Frankie’s Market, these are the people who don’t want the bailout.

[Frankie's Market]

Frankie, you must have had to search to find that one. Cuz theres lots of polls that say the opposite.

http://consumerist.com/5054709/poll-...rt-the-bailout

You're gonna cite an online poll, where people can easily vote multiple times and manipulate the results? Oh brother, try again!

oh wait...here's another http://www.latimes.com/business/inve...,5568395.story

The LA Times/Bloomberg poll. Ah, you finally managed to locate a legitimate poll this time, Tim. Atta-boy!

Of course, what you fail to mention is that this very same article also points to another poll that says otherwise.

Other polls have found that voters want the government to do something to prevent a financial collapse, even though they don't like the idea of footing the bill. A poll released Tuesday by the Pew Research Center for the People and the Press, for example, found that 57% of respondents think the government is doing the right thing by intervening to stabilize the economy.

So far, it's 2 polls to 1 in my favor.

oopps found another http://www.foxnews.com/story/0,2933,428921,00.html

And this article (which cites the results of an AP poll) says,...

Fifty-seven percent said they think the bailout is needed to prevent a serious recession.

Uhhh Tim. Wake up and smell the coffee! You just picked a poll which said that the majority of respondents are in favor of a bailout. My guess is you only read the beginning of that article, which said that the majority were opposed to Bush's plan. Tsk tsk! Gotta read the whole article before you try to use it to bolster your claims, because this one backfired on you.

Well, at least you managed to find one poll to back up your side. But I've got 3. And to think you brought 2 of them to my attention. How very kind of you.

[Frankie's Market]

Re: Unsettled Economy & The Bailout

And to answer Frankie’s Market, these are the people who don’t want the bailout.

Where did I say that there were no people who opposed the bailout?

All that I'm saying is that in several polls, a majority of people surveyed were in favor of some kind of govt. intervention and bailout. "Majority" is not "everybody," TuNnL, in case that was not clear to you.

So big deal with your video of protestors. Squeaky wheels do not automatically constitute a majority opinion.

[MyopicJoe]

Re: Unsettled Economy & The Bailout

Here's an interesting Newsweek article on Credit Default Swaps (CDS's), the financial instrument created in 1994 which enabled all this craziness.

[matapule]

Re: Unsettled Economy & The Bailout

Are you kidding???

I lost over $100,000 from my retirement account in the last week.

Tomorrow looks to be pretty bad too.

The plan won't make things worse, from my point of view. We need liquidity in the credit markets this week.

No, I wasn't kidding. I am sorry that your investment account is down by that much. But, if we are manipulated into supporting a plan that really doesn't address the financial crisis and adopt something that makes it worse, your investment account could go down to zero. Yes, I know your counter argument is going to be that if we don't adopt this plan your account will go down to zero. I have money in a retirement account too. These are tough times. Don't panic.

[matapule]

Re: Unsettled Economy & The Bailout

You're a little behind. The Paulson no-strings proposal, commented on in the article you referenced, is not what was just voted down in the House.

No, I don't think so. The House version had some elements of the Swedish Model, but was still far cry from what Sweden did to resolve their crisis.

[Peshkwe]

Re: Unsettled Economy & The Bailout

I think this is a better article on credit default swaps:

http://money.cnn.com/2008/09/29/maga...tives.fortune/

And as long as someone is willing to take the other side of the proposition, a CDS can cover just about anything, making it the Wall Street equivalent of those notorious Lloyds of London policies covering Liberace's hands and other esoterica. It has even become possible to purchase a CDS that would pay out if the U.S. government defaults. (Trust us when we say that if the government goes under, trying to collect will be the least of your worries.)

So what started out as a vehicle for hedging ended up giving investors a cheap, easy way to wager on almost any event in the credit markets. In effect, credit default swaps became the world's largest casino. As Christopher Whalen, a managing director of Institutional Risk Analytics, observes, "To be generous, you could call it an unregulated, uncapitalized insurance market. But really, you would call it a gaming contract."

There is at least one key difference between casino gambling and CDS trading: Gambling has strict government regulation.

[GregLee]

Re: Unsettled Economy & The Bailout

No, I don't think so. The House version had some elements of the Swedish Model, but was still far cry from what Sweden did to resolve their crisis.

Oh? What were the differences?

[Random]

Re: Unsettled Economy & The Bailout

And to answer Frankie’s Market, these are the people who don’t want the bailout.

Like the pink-haired lady?

The little anarchist in me doesn't want the bailout just to see Wall Street collapse and everyone scrambling to withdraw money from the bank.

[MyopicJoe]

Re: Unsettled Economy & The Bailout

I think this is a better article on credit default swaps

This article is more clearly written. Thanks for sharing, Peshkwe

[Ron Whitfield]

Re: Unsettled Economy & The Bailout

Gawd, I LOVE pink hair. It's about my favorite thing from this era.