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Old 10-06-2008, 06:31 PM   #161
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rhetorical question: so who suffers more in a depression? the rich or the already poor...
Neither. The middle class.
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Old 10-06-2008, 07:51 PM   #162
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^+1 Poor stay poor, rich stay rich...we get fucked 6ways from Sunday

I was cracking up watching some stuff I caught on TV the other day. About the CEO's and how much they made in recent yrs, saying they are "losing" a xxmillion dollar salary. Then they promptly show their xxmillion dollar propertieS. Boofrigginhoo, I wanna see some FC signs in fron tof those multi million dollar homes...but that won't happen

PS--is there a way to post a Power Point Presntation? A friend sent me something funny that's a pretty honest recount of the Subprime crisis.
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Old 10-06-2008, 08:04 PM   #163
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Haha...youtube to the rescue...
Even found one with a (bad) voiceover since the PPP is really blurry...

http://www.youtube.com/watch?v=q8hjUei-Nwo

Subprime crisis explained...
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Old 10-07-2008, 02:07 AM   #164
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Lehman brothers executives got payed millions right before the company went bankrupt. Makes me feel all warm and fuzzy.
http://www.latimes.com/news/nationwo...,4798170.story
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Old 10-07-2008, 11:34 AM   #165
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Anyone find it cyclical that the government is hiring executives from these companies to help handle the bailout??? Someone correct me please because I'm about to lose it.

"Treasury Secretary Henry Paulson has tapped a former Goldman Sachs executive to be director of the government's bailout program. Neel Kashkari, who has worked with Paulson at the department since July 2006, was chosen Monday as the interim head of the government's unprecedented effort to unclog the credit markets.

Kashkari, who was a vice president in Goldman's San Francisco office before joining the department, is one of four former executives from the firm now working feverishly to resolve the financial crisis."


Quoted from yahoo news:http://biz.yahoo.com/ap/081007/finan...king-budgeting

^which just happens to talk about the 1st semi smart thing they may have done for this crisis...also another 100billion but who's counting?
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Old 10-07-2008, 11:38 AM   #166
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So, how do we stop all this BS from happening?
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Old 10-07-2008, 11:43 AM   #167
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Same way you stop a tsunami, you bend over and kiss ur ***
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Old 10-07-2008, 11:52 AM   #168
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Awesome.

Seriously though. Apart from voting and writing your reps (which I do), wtf else can we (as the average dude) do? This **** has been ridiculous for as long as I've been old enough to pay attention, and just getting worse.
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Old 10-07-2008, 12:13 PM   #169
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Originally Posted by tvalenziano View Post
Anyone find it cyclical that the government is hiring executives from these companies to help handle the bailout??? Someone correct me please because I'm about to lose it.

"Treasury Secretary Henry Paulson has tapped a former Goldman Sachs executive to be director of the government's bailout program. Neel Kashkari, who has worked with Paulson at the department since July 2006, was chosen Monday as the interim head of the government's unprecedented effort to unclog the credit markets.


Kashkari, who was a vice president in Goldman's San Francisco office before joining the department, is one of four former executives from the firm now working feverishly to resolve the financial crisis."


Quoted from yahoo news:http://biz.yahoo.com/ap/081007/finan...king-budgeting

^which just happens to talk about the 1st semi smart thing they may have done for this crisis...also another 100billion but who's counting?

Good info there Tony! Thanks.
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Old 10-07-2008, 12:25 PM   #170
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How about all you guys here who love your second amendment rights put it to good use?
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Old 10-07-2008, 12:29 PM   #171
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Quote:
Originally Posted by BradC View Post
Awesome.

Seriously though. Apart from voting and writing your reps (which I do), wtf else can we (as the average dude) do? This **** has been ridiculous for as long as I've been old enough to pay attention, and just getting worse.
how about not taking your money out of the falling market.

and not ditching your house even though it's worth less than it was when you bought it.
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Old 10-07-2008, 12:34 PM   #172
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How about all you guys here who love your second amendment rights put it to good use?
Rebel Army? Where do I sign up. lol
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Old 10-07-2008, 12:45 PM   #173
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How about all you guys here who love your second amendment rights put it to good use?
Vote from the Rooftops '08?
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Old 10-07-2008, 12:59 PM   #174
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Quote:
Originally Posted by BradC View Post
Awesome.

Seriously though. Apart from voting and writing your reps (which I do), wtf else can we (as the average dude) do? This **** has been ridiculous for as long as I've been old enough to pay attention, and just getting worse.
I feel the same and I dunno

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Good info there Tony! Thanks.
NP, I figured some people would like to see

Quote:
Originally Posted by johndoe View Post
How about all you guys here who love your second amendment rights put it to good use?
You want us to buy guns and storm the whitehouse?,

Quote:
Originally Posted by y8s View Post
how about not taking your money out of the falling market.
and not ditching your house even though it's worth less than it was when you bought it.
^^this is gospel, but GL...in actuality things would get alot better if everyone (esp business's) ignored all this and kept lending/borrowing...but I somehow don't foresee this happening

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Rebel Army? Where do I sign up. lol
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Old 10-07-2008, 01:20 PM   #175
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how about not taking your money out of the falling market.

and not ditching your house even though it's worth less than it was when you bought it.
Haven't and won't.
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Old 10-07-2008, 02:22 PM   #176
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Neel Kashkari=
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Old 10-10-2008, 12:31 AM   #177
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Haven't and won't.
One of only a few I'm afraid...

Another day in the gutter, under 9k for the first time since mid '03...

Not a shot at you, just a way to intro some more bad news I guess...


Now they are talking about directly injecting liquidity into the banks in exchange for part ownership (shares I guess)...

Seems like the ideas are getting a little better, but still no one wants to pull the trigger and take serious action to cut the losses and begin to rebuild...seems like lots of bandaid/longshot/worksarounds. And FEELS like the mentality is let's just make it look like we're really working on it, just until the new guy stake over then let them deal with it...

Oh, and why is it that whenever I see a rare clip of Bush talking bout solutions/problems he always ends the sentence with a smirk on his face?? I wonder if its because he doesn't know the def. of the word he just mispronounced, or if its because he's got more money than he can count and obviously isn't affected, or if its simply because he knows the ideas are BS and has no poker face???

PS---Iceland is in serious ****, verge of national bankruptcy I believe was the headline, Europe is taking a **** because they bought/invested alot in other countries, and now other countries are starting to take similiar action such as our bailout. Oh and now I'm hearing words like Global Recession on the local news too...
I feel another Billy Joel song coming soon, and this time I'll know more than just the words...
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Old 10-10-2008, 01:40 AM   #178
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Can't wait until the government owns a bunch of banks and mortgages.
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Old 10-10-2008, 01:40 AM   #179
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this is basically how I feel about the whole thing.
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Old 10-10-2008, 01:43 AM   #180
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Is anyone else aware that all foreign contries have been forced to buy and hold large sums of U.S. Dollars, the only currency with crude oil is valued against?

Anyone else aware that Saddam began selling his oil for Euros in the early 2000s, a move that was quickly remedied after our invasion? Anyone else also aware that Iran is doing the same thing now? And Venezuela and Russia are likely not far behind?

If people start buying oil with Euro's we'll be FUCKED because nobody will have any reason to hold dollars longterm.

Each day I wake up thinking this is the beginning of "IT". Don't know what it is but it's going to suck.
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