Re: Bush's $700,000,000,000 Bailout!!!

miroslav, you are saying it wrong way as no one truly seems to understand how this works. that analogy is faulted at its core.

the high roller is a broker in this sense.

tying the banks to the high roller is wrong at intro.

there is no gambling on stocks here. the defaulting loans are not variable in nature. yes, some defult, but by breaking contract.

what essentially happened here, is that the atm(the banking system) where the high roller(the bond securitizers) took his money from, had its bank (the people) take the money out while he was playing at the table, using the atm card as collateral.

there is no gamble here. not at all. the gamble is the risk of default on the loans that were securitized into the bonds that defaulted (less than 1%) and the public ripped the footing away from the banks because of stupidity, and media disambiguities

again to give a better analogy... remember the savings and loans failures so greatly presented in "its a wonderful life'? well, instead of running to the local S&L, we ran to the market. and instead of taking it from the safe , we took it from the stock. the stock was/is the safe when you operate on a global scale. both irrational movements based on the lack of understanding of the financial system at the time. the money is in the homes that are collateralized against the loans. technically we could have seized all the homes, but foreclosure laws combined with simple human decency prevent that. if every bank seized every home tied to a defaulted loan, we would be putting a lot of people on the street we didnt have to.(keep in mind the scale: roughly 200 million people owning and/or living in homes tied to defaulting loans, and defaulting does not mean stop payment, it means late or one missed)

frankly, these analogies to a "high rolling gambler" are so off base and dead wrong at their basis it is confusing people. only it seems that the stupid people are forcing this into the ears of the people who are even more stupid.

the dumbest part about it all, is those opinions that are saying "fuck em" are the same people who bitch about the wars, well frankly, the failure of the financial system will lead to a war that no one outside of the living survivors of world war 1 and 2 have seen. and honestly, it will be even worse, because along with the failure of the financial systems, the commoditeis (read:food, power, water, livestock) will fail too and become the core of the reason for war.

Re: Bush's $700,000,000,000 Bailout!!!

i posted this in asdf's other thread when he was busting my balls, but tp prove a point on why we cant do this.

[QUOTE] the change you think of will lead to more deaths than ww2 and ww1 combined. complete and utter chaos. war on the global scale, and not the US type war where we warn them and act as humane as possible. war on the level of the nazi's and the crusades vs the islamic expansion into the western end of the middle east/eastern europe. complete and utter disregard for life, power grab after power grab. innocents dying by the millions. loss of all vital necessities including food and water. shutdown of all global trade, not only money, but previously mentioned food and water. think of what would happen to africa and middle east if they lost access to the basic commodities like livestock, grain, wheat, fruits. if you dont live on a coastal region, say goodbye to fish. you can also count on the shutdown of utilities, and i do beleive it gets pretty cold in oregon around january. let alone the rockies, canada, russia, etc. think of just the basic things like how many people would die in the summer months without electricty and water, you can count on anyone over 65 who isnt in great health dying. denial of medications because they have to be diverted to teh military, like steel was in the 40's etc etc

and dont think for a minute that if it truly hit that scale, the progressed nations, and the middle eastern nutballs would hold back on things like anthrax, mustard gas, and the shit they dont even tell us about.

i.e. someone better step the fuck up, and the only groups on the stairs to the podium are the US and chinese governments. [/QUOTE]

Re: Bush's $700,000,000,000 Bailout!!!

[quote=Miroslav;655961]

If you want to see any portion of your money again, your best chance to work with him in some way to try to get it back. You can shoot him in the head and leave him for dead, if it makes you feel better...but then you lose everything, too - and are stuck with the bill. .[/quote]

let me finish that statement

..stuck with the bill, out of a job in a few months, kicked out of your home a few months after, run out of food for yourself, your family, your kids get sick and you cant afford the medicine available, not to mention the drug makers cant afford to make it anymore, you live in your parked car because you cant afford the already rationed gas, and then have to hide when massive wars break out because suddenly there is no oil or food flowing aorund the globe. then you wake up one january morning to find your wife and kids have frozen to death sittign beside you.....

again this is not happening tomorrow, but the upcoming week will dictate what path the world takes for the next few years irregardless if mccain or obama win.

once more to hammer it in... playing ht repeater here...

does it hit you that the US presidential election was not mentioned ONCE today, even though it goes down in 4 weeks. the only time JCM or BObama were mentioned on any news station was when the news read thier statements about THIS> and outside of GOD, is there a more important position on the planet?????

Re: Bush's $700,000,000,000 Bailout!!!

I dont know enough about it - but lots of well educated people are raising concerns [url]http://www.time.com/time/business/article/0,8599,1845209,00.html?cnn=yes[/url]

Re: Bush's $700,000,000,000 Bailout!!!

[quote=thesightless;655982]let me finish that statement

..stuck with the bill, out of a job in a few months, kicked out of your home a few months after, run out of food for yourself, your family, your kids get sick and you cant afford the medicine available, not to mention the drug makers cant afford to make it anymore, you live in your parked car because you cant afford the already rationed gas, and then have to hide when massive wars break out because suddenly there is no oil or food flowing aorund the globe. then you wake up one january morning to find your wife and kids have frozen to death sittign beside you..... [/quote]

but a likely scenario.....I keep telling all my friends that they need a plan. It is better to have a plan and not ever have the need for it. Than to be with out what is necessary for survival if in fact it does pop off.

Something is about to happen!

When the power goes out and then oil stops flowing you got three days. Three days and you better be in the country WITH PEOPLE YOU TRUST. The first day will be the denial day for most people and they will do nothing, but trust me this is the day you need to leave. ( the plan ) Second day is awareness day. When the people become aware that something is wrong. This is also the day that some of the people left in the city are aware that you are vulnerable and without help from the police or anyone else for that matter. If you have not left yet this is the time. Do not go to the places the news and the fliers tell you too. ( again this is where the plan comes in. ) Day three is when people will start taking shit. All hell will break loose by the afternoon of day three.

Hurricane Katrina......Great example but on a smaller scale.

777 point drop why 777 not 7768)

Re: Bush's $700,000,000,000 Bailout!!!

There are lots of opinion articles out there on this topic. Many raise valid points, even though they differ in opinion. Here's one I found to be good.

[URL]http://www.cnn.com/2008/POLITICS/09/29/marshall.economy/index.html[/URL]

[quote] Some politicians -- and a few economists -- would say that America is drunk on credit and just needs to go cold turkey. But it's more accurate to say we're addicted to credit. Too much credit. Good credit, bad credit, anything that lets us live the high life. We have mistaken growth in the value of financial paper for real economic growth.

Getting clean will not be so easy. When credit is quickly withdrawn, everyone in the business of lending panics. Credit becomes scarce and is not available at a reasonable interest rate. Institutions that need to use credit daily start to fall like dominoes. The financial fallout -- bank failures, risking a stock market crash, worthless retirement and pension funds -- could kill us. [I]We need to reduce our dependence on credit gradually but steadily and with no excuses.[/I] [/quote]

Re: Bush's $700,000,000,000 Bailout!!!

Hey everyone did you see it. We all woke up today and everything is fine. Still no bailout, wallstreet is up almost 300. We don't need a bailout. The major players got together yesterday and caused a financial meltdown to scare the shit out of everybody to further push the bailout.

Remember we must say no to this bailout or we will be much more trouble then we are now.

Let's put it this way has anything that the Bush Administration said ever really panned out??

Re: Bush's $700,000,000,000 Bailout!!!

Anyone want to bet on what Cowardly DJ would have to say about all this??? :p

greed, chaos, war, killing, end of the world shit...

Re: Bush's $700,000,000,000 Bailout!!!

frankly uunless you have a bachelors in business management, finance, accounting, or auctuarialism, you shouldnt be voiceing anything on the public levle abouit this. this is a science(math), not a liberal art. too many just complete morons are talking when they should be listening.

msnbc.com has a picture of some asshole holding a sign ''stop the bailout, arrest bush''

1. i hope he gets laid off tomorrow.
2. anyone with an iota of intelligence regarding our fiscal system would know that bush literally has nothign to do with this other than not being able to push teh rescue through sooner. its the public at large and media who are gutting us. and the media will get it in the end if nothing happens, as thier advert dollars will disappear.

taking care of wall street is about 100 times more impoirtant than taking care of the labor unions, as the country's money is made there

Re: Bush's $700,000,000,000 Bailout!!!

I am totally anti-bailout.

They need to find a different way to assist, "giving" more money is not a solution, but only perpetually repeating history. Today the stocks have climbed 50% from their loss from yesterday. Tomorrow another battle unfolds ...

Re: Bush's $700,000,000,000 Bailout!!!

So sean you are for the bailout now?? I thought you were against it a couple days ago?? What happened.

Also you are starting to sound like Miro a bit..;):lol:

[B][I]"[/I][/B][I][B]anyone with an iota of intelligence regarding our fiscal system would know[/B] that bush literally has nothign to do with this other than not being able to push teh rescue through sooner. its the public at large and media who are gutting us.[/I][B][I]"[/I][/B]

Re: Bush's $700,000,000,000 Bailout!!!

i am anti-bailout. =P

Re: Bush's $700,000,000,000 Bailout!!!

[quote=runningman;656229]Hey everyone did you see it. We all woke up today and everything is fine. Still no bailout, wallstreet is up almost 300. We don't need a bailout. The major players got together yesterday and caused a financial meltdown to scare the shit out of everybody to further push the bailout.

Remember we must say no to this bailout or we will be much more trouble then we are now.

Let's put it this way has anything that the Bush Administration said ever really panned out??[/quote] Oh good lord :roll:

Everything is not "fine". You look at the stock market and naively assume that that represents the extent of the financial hardships we face? Please.

Here's what the real problem is: banks are still/will still fail, credit continues to freeze, liquidity continues to tighten...which will then play itself out in real production, employment, etc. So in a nutshell, it means that we have yet to see the real impact of any meltdown that may be headed our way. The stock market is a forward-looking indicator.

Even economists who disagree with the bailout would tell you that looking at the bounce today in the equities markets and assuming that the worst of our troubles is over is ridiculous.

Re: Bush's $700,000,000,000 Bailout!!!

[quote=asdf_admin;656237]I am totally anti-bailout.

They need to find a different way to assist, "giving" more money is not a solution, but only perpetually repeating history. Today the stocks have climbed 50% from their loss from yesterday. Tomorrow another battle unfolds ...[/quote]

it's not "giving" money, they are not going to just hand them the money and tell them to do whatever with it. read the bill.

[quote=Miroslav;656248]Oh good lord :roll:

Everything is not "fine". You look at the stock market and naively assume that that represents the extent of the financial hardships we face? Please.

Here's what the real problem is: banks are still/will still fail, credit continues to freeze, liquidity continues to tighten...which will then play itself out in real production, employment, etc. So in a nutshell, it means that we have yet to see the real impact of any meltdown that may be headed our way. The stock market is a [I]forward-looking indicator.[/I]

Even economists who disagree with the bailout would tell you that looking at the bounce today in the equities markets and assuming that the worst of our troubles is over is ridiculous.[/quote]

[SIZE=5][B]THIS[/B][/SIZE]

Re: Bush's $700,000,000,000 Bailout!!!

[quote=Miroslav;656248]Oh good lord :roll:

Everything is not "fine". You look at the stock market and naively assume that that represents the extent of the financial hardships we face? Please.

Here's what the real problem is: banks are still/will still fail, credit continues to freeze, liquidity continues to tighten...which will then play itself out in real production, employment, etc. So in a nutshell, it means that we have yet to see the real impact of any meltdown that may be headed our way. The stock market is a [I]forward-looking indicator.[/I]

Even economists who disagree with the bailout would tell you that looking at the bounce today in the equities markets and assuming that the worst of our troubles is over is ridiculous.[/quote]

Miro you are so stupid it hurts me to keep explaining things to you. Stocks are up 350 and counting. Your being played Miro can't you see that??

Well didn't you look at the stock market yesterday naively. It fell a bit and you gave us Armageddon scenarios. I'm not saying it's over yet!! We have yet to see the true ugliness of this beast and I say save the bailout bullet for later on when things get really bad. But not right now. Believe me you it is going to get much worse then this. We don't need a rescue we need a savior to get us out of this mess that finance experts like yourself got us into.

Other banks are going to fail "yes" bailout or no bailout. We can't stop that now. But the US surely doesn't need up to $5 trillion in dead assets either. Let the old stupid companies go bankrupt and the US can start a new bank in it's place with liquidity to start with new governance and new oversight.

Re: Bush's $700,000,000,000 Bailout!!!

that is why i put these "'s around this --> giving. ;)

Re: Bush's $700,000,000,000 Bailout!!!

rich, the global economy lost 5% in 30 minutes yesterday.. that's scary. what were saying is that the US gov't better act now b4 its too late.

i have always been pro in regards to a responsible use of the credit line. what people arent realizing is this IS NOT A CASH GIVEAWAY. ITS A LINE OR CREDIT THAT WILL ACT MUCH THE OVERNIGHT LENDING THE WORLDS ECONOMY IS BASED ON.

Re: Bush's $700,000,000,000 Bailout!!!

if they want to prevent this in the future, the federal governemnt should hold the media responsible for its actions, they did this.

Re: Bush's $700,000,000,000 Bailout!!!

[URL]http://money.cnn.com/2008/09/30/markets/thebuzz/index.htm?cnn=yes[/URL]

another great article from paul lamonica, he is a very good writer regarding the daily market activities

Re: Bush's $700,000,000,000 Bailout!!!

[quote=runningman;656264]Miro you are so stupid it hurts me to keep explaining things to you. Stocks are up 350 and counting. Your being played Miro can't you see that??

Well didn't you look at the stock market yesterday naively. It fell a bit and you gave us Armageddon scenarios.[/quote] First of all, your statements demonstrate that you really don't know how to interpret movements in equities markets. You may not be clear on how they work. So why are you pretending like you do when you obviously don't? You can hide behind your tough talk, but it doesn't make you any smarter. The fact of the matter remains that you are using two days of equities market fluctuations to make sweeping inferences about the fundamental production side of the economy, and then using those to conclude the validity of the bailout plan. And that's just the wrong way to do it, even if you want to argue against the bailout plan. Any half-trained economist would tell you the same, regardless of their opinion on the plan.

If this was just a matter of opinion, I'd happily leave you alone. But when your opinion consists of insisting the academic equivalent of "1+1=3", I'm going to call you on it.

I didn't look at the stock market naively yesterday. Yesterday, I specifically said:

[quote=Miroslav;655761]btw, just to state the obvious: This is not yet "the meltdown" that everyone keeps talking about. The full brunt of that - if it happens - is still to come.[/quote]

I did not base those Armageddon scenarios were at [I]all[/I] on what the market did. They were based on what's going on in the fundamental production economy. And they are still a possibility. I know the difference between what equities market and the components of Gross National Product - they are not the same thing. One day of market gyrations - or even two - doesn't mean shit in the long run.

Re: Bush's $700,000,000,000 Bailout!!!

Miro this is all you ever say in any argument

Start out with an insult at the top: then

blah, blah, blah, you know nothing, blah, blah, blah, I know everything, blah, blah, blah,- then you use a comparison, and end it with blah, blah, blah scary shit!! :Gay:

[IMG]http://www.fatamerican.tv/t-shirt-archive/t-shirt-archive-images/ernesto-che-guevara450x.gif[/IMG]

Re: Bush's $700,000,000,000 Bailout!!!

[quote=runningman;656294]Miro this is all you ever say in any argument

Start out with an insult at the top: then

blah, blah, blah, you know nothing, blah, blah, blah, I know everything, blah, blah, blah,- then you use a comparison, and end it with blah, blah, blah scary shit!![/quote] As I said before...if it was just a matter of opinions, I'd gladly leave you to them. But when you're saying the equivalent of "1+1=3" on very well-known basic academic facts, then yes, you're just wrong. I'm sorry, there are no two ways about it: you either are in harmony with the basic body of knowledge, or you're not. You don't see me going into threads about nuclear physics and pretending like I know how to make an efficient power plant, because I admittedly don't.

But this is getting old and I'm sure others are sick of reading it... so I'll just stop and let it go.

Re: Bush's $700,000,000,000 Bailout!!!

Half Trained Economist like this:

[URL]http://www.youtube.com/watch?v=-AtxSDMc87I[/URL]

Well according to your plan you are for :

Socialism/Welfare for the Rich Inflation Weakening the Dollar Higher Oil Prices

Did I miss anything here? Tell me what I stand for now.

Re: Bush's $700,000,000,000 Bailout!!!

[QUOTE=runningman;656294]Miro this is all you ever say in any argument

Start out with an insult at the top: then

blah, blah, blah, you know nothing, blah, blah, blah, I know everything, blah, blah, blah,- then you use a comparison, and end it with blah, blah, blah scary shit!! :Gay:

[IMG]http://www.fatamerican.tv/t-shirt-archive/t-shirt-archive-images/ernesto-che-guevara450x.gif[/IMG][/QUOTE]

im sorry but you are just really ignorant... its people like you that voted for bush in 2004.

the market fluctuates based on millions of different factors, this 'bailout' is not the only reason as you have assumed. just because the market goes up by ~300 points doesnt mean everything is 'honkey dorey'

i am all for the 'bailout' in theory... its when they add all that other crap that has nothing to do with the 'bailout' that really annoys me.

Re: Bush's $700,000,000,000 Bailout!!!

ya I love Bush.. HAHAHAHAH!!! Just goes to show what you know goof!! You would be for the bailout..

Re: Bush's $700,000,000,000 Bailout!!!

plz stop the fightin here. lets keep it civil and hopefully educational. (i know that sounds weird comin from me, but...

Re: Bush's $700,000,000,000 Bailout!!!

Hey everyone the US dollar has gone up the last two days. Oil has come down as well. OOOOHHHHHH things are scary out there..

Re: Bush's $700,000,000,000 Bailout!!!

[quote=runningman;656305] Eat shit idiot.[/quote] Hey, you know what - I'm not going drag myself down in the mud by getting into some ridiculous name-calling fight with you on here. It's an internet forum, I'm a grown adult, and at the end of the day your opinion just don't really matter to me. And it's annoying and inconsiderate to other members of this forum to have to put up with this.

You have every right to your opinion, whether it coincides with mine or not. I may still correct your potential future academic misttatements related to economics and finance, but I will strive to do so respectfully. I would encourage you to reconsider the maturity level of your responses as well.

Re: Bush's $700,000,000,000 Bailout!!!

[quote=runningman;656323]Hey everyone the US dollar has gone up the last two days. Oil has come down as well. OOOOHHHHHH things are scary out there..[/quote]

3 different markets. banks/bonds commodites currency.

Re: Bush's $700,000,000,000 Bailout!!!

[QUOTE=runningman;656310]ya I love Bush.. HAHAHAHAH!!! Just goes to show what you know goof!! You would be for the bailout..[/QUOTE]

then quit listening to the damn news and taking their word for everything.

its not a "bailout" read the bill, understand it. then come back and give your opinion when you are educated about what it really is.... not what the media thinks it is.

Re: Bush's $700,000,000,000 Bailout!!!

Ok ddr.

I'm done here today .

September 30th Oil prices went down (good for me) The American dollar has risen (good for the US and so good for me) Stocks went up 400 points today (good for Miro)

Re: Bush's $700,000,000,000 Bailout!!!

[QUOTE=runningman;656343]Ok ddr.

I'm done here today .

September 30th Oil prices went down (good for me) The American dollar has risen (good for the US and so good for me) Stocks went up 400 points today (good for Miro)[/QUOTE]

yes, that is all well and good.. but that is short-term.

who is to say what is going to happen tomorrow, or next week, or next month, or even next year.

this 'bailout' mess has much more to do with long-term implications than short-term implications.

if you are the type of person that lives day-to-day, then today is super.

but if you are a person that likes to look towards the future, ie. the safety of your 401(k), your children's college education in the future (depending on how you finance it), then you might be in trouble.

k im done as well.

Re: Bush's $700,000,000,000 Bailout!!!

Not sure if link has been posted but this is Lou Dobbs of CNN.. "they're all fools" :lol::lol::lol: Good read though..whether for it or against it.. just another angle on this whole dilemma!

[URL]http://www.cnn.com/2008/US/09/30/dobbs.qa/index.html[/URL]

[B]NEW YORK (CNN)[/B] -- CNN's Lou Dobbs is no fan of the $700 billion bailout plan that went down to defeat in the U.S. House of Representatives on Monday. He spoke with Kiran Chetry of CNN's "American Morning" on Tuesday about how he thinks there are better ways to solve the financial problems plaguing the U.S. economy. [IMG]http://i2.cdn.turner.com/cnn/2008/US/09/30/dobbs.qa/art.dobbs.bail.out.02.jpg[/IMG] Lou Dobbs: Americans "don't want to hear this nonsense about $700 billion to bail out financial institutions."

[IMG]http://i.cdn.turner.com/cnn/.element/img/2.0/mosaic/base_skins/baseplate/corner_wire_BL.gif[/IMG]

[B]Kiran Chetry, CNN anchor:[/B] CNN's Lou Dobbs joins us this morning from Suffolk, New Jersey. You expressed delight I guess you could say, at the fact that it did go down yesterday in defeat. We saw the largest point-drop on Wall Street ever. What happens now? [B]Lou Dobbs, CNN host of "Lou Dobbs Tonight":[/B] Well, what happens now is that it sounds like the same fools who brought you this effort are going to try again. Henry Paulson saying he's going to come right back, suggests he's not learning. And he's not paying attention to the Congress. These Congress people are all at home in their home districts, nearly every one of them and they're hearing an earful. The American people don't want to hear this nonsense about $700 billion to bail out financial institutions. Frankly, Kiran, they don't need it. Economist after economist, with whom I've spoken, CEOs, they acknowledge that there are far better ways to deal with the issues confronting our financial system than this bailout. And it's absolutely obscenely irresponsible of House Speaker [Nancy] Pelosi, Treasury Secretary [Henry] Paulson, President Bush, Sen. Harry Reid, the leader of the Senate; for these people to be clucking about like hysterical -- so hysterically. It really must stop. And to hear there -- go ahead. [B]Chetry:[/B] I was just going to ask you -- [B]Dobbs:[/B] Go ahead. [B][B]Chetry:[/B][/B] You say that there's other ways around this. One of the things that everyone keeps talking about is the fact that credit markets are frozen and there has to be some way to free that up so that everyday business from Wall Street to Main Street can continue. Do you buy that? [B]Dobbs:[/B] No, not at all. And neither do most of the CEOs and economists with whom I'm speaking certainly. The real issue, they say, is liquidity. The Fed has injected more than half a billion dollars in liquidity into this banking system. [IMG]http://i2.cdn.turner.com/cnn/.element/img/2.0/mosaic/tabs/video.gif[/IMG] [URL="http://www.cnn.com/2008/US/09/30/dobbs.qa/index.html#cnnSTCVideo"]Watch Lou Dobbs and economists discuss bailout effort »[/URL] [B]Don't Miss[/B]

[LIST]

Re: Bush's $700,000,000,000 Bailout!!!

[quote=BureOne;656361]Not sure if link has been posted but this is Lou Dobbs of CNN.. "they're all fools" :lol::lol::lol: Good read though..whether for it or against it.. just another angle on this whole dilemma!

[URL]http://www.cnn.com/2008/US/09/30/dobbs.qa/index.html[/URL]

[B]NEW YORK (CNN)[/B] -- CNN's Lou Dobbs is no fan of the $700 billion bailout plan that went down to defeat in the U.S. House of Representatives on Monday. He spoke with Kiran Chetry of CNN's "American Morning" on Tuesday about how he thinks there are better ways to solve the financial problems plaguing the U.S. economy. [IMG]http://i2.cdn.turner.com/cnn/2008/US/09/30/dobbs.qa/art.dobbs.bail.out.02.jpg[/IMG] Lou Dobbs: Americans "don't want to hear this nonsense about $700 billion to bail out financial institutions."

[IMG]http://i.cdn.turner.com/cnn/.element/img/2.0/mosaic/base_skins/baseplate/corner_wire_BL.gif[/IMG]

[B]Kiran Chetry, CNN anchor:[/B] CNN's Lou Dobbs joins us this morning from Suffolk, New Jersey. You expressed delight I guess you could say, at the fact that it did go down yesterday in defeat. We saw the largest point-drop on Wall Street ever. What happens now? [B]Lou Dobbs, CNN host of "Lou Dobbs Tonight":[/B] Well, what happens now is that it sounds like the same fools who brought you this effort are going to try again. Henry Paulson saying he's going to come right back, suggests he's not learning. And he's not paying attention to the Congress. These Congress people are all at home in their home districts, nearly every one of them and they're hearing an earful. The American people don't want to hear this nonsense about $700 billion to bail out financial institutions. Frankly, Kiran, they don't need it. Economist after economist, with whom I've spoken, CEOs, they acknowledge that there are far better ways to deal with the issues confronting our financial system than this bailout. And it's absolutely obscenely irresponsible of House Speaker [Nancy] Pelosi, Treasury Secretary [Henry] Paulson, President Bush, Sen. Harry Reid, the leader of the Senate; for these people to be clucking about like hysterical -- so hysterically. It really must stop. And to hear there -- go ahead. [B]Chetry:[/B] I was just going to ask you -- [B]Dobbs:[/B] Go ahead. [B][B]Chetry:[/B][/B] You say that there's other ways around this. One of the things that everyone keeps talking about is the fact that credit markets are frozen and there has to be some way to free that up so that everyday business from Wall Street to Main Street can continue. Do you buy that? [B]Dobbs:[/B] No, not at all. And neither do most of the CEOs and economists with whom I'm speaking certainly. The real issue, they say, is liquidity. The Fed has injected more than half a billion dollars in liquidity into this banking system. [IMG]http://i2.cdn.turner.com/cnn/.element/img/2.0/mosaic/tabs/video.gif[/IMG] [URL="http://www.cnn.com/2008/US/09/30/dobbs.qa/index.html#cnnSTCVideo"]Watch Lou Dobbs and economists discuss bailout effort »[/URL] [B]Don't Miss[/B]

[LIST] []

Re: Bush's $700,000,000,000 Bailout!!!

well I've never heard of the fellow, just thought it was a funny interview.. the guy seem's so siked up about this lol thought he would have had a heart attack during the interview...

Re: Bush's $700,000,000,000 Bailout!!!

Lou Dobbs has absolutely NO credibility commenting on this as if he were an expert, he's a FUCKING ANCHORMAN!

I'd much rather hear the dissenting opinions of the economists and CEO's which he has spoken with.

Report the NEWS like you get paid to do, don't SENSATIONALIZE it. It's garbage like this that continues to stir the panic and misinform.

Re: Bush's $700,000,000,000 Bailout!!!

[QUOTE=shosh;656370]i stopped reading here: "CNN's Lou Dobbs"

yet another person from the media who is an expert on economics/finance[/QUOTE]

I stopped there, too. How on earth did this guy ever become a respected voice on anything? Bag of hot air, if you asked me. His entire career has been in the media, just pontificating on things. Sorry pal, not gonna respect your opinion just because you're on the teevee.

Re: Bush's $700,000,000,000 Bailout!!!

this might be the first time we've all agreed on something:

Lou Dobbs = fking moron

Re: Bush's $700,000,000,000 Bailout!!!

[quote=toasty;656376]I stopped there, too. How on earth did this guy ever become a respected voice on anything? Bag of hot air, if you asked me. His entire career has been in the media, just pontificating on things. Sorry pal, not gonna respect your opinion just because you're on the teevee.[/quote]

[quote=Jenks;656378]this might be the first time we've all agreed on something:

Lou Dobbs = fking moron[/quote]

this is historic lol

Re: Bush's $700,000,000,000 Bailout!!!

it seems more and more are not happy with the bailout. Wed will be interesting.

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