[Arsenal]

$this->bbcode_second_pass_quote('Ludi', '
')
We'll be lucky to eat cat food, while they have pet tigers.

[skeptik]

The Lady from Ohio is well pissed off.
http://www.youtube.com/watch?v=S27yitK32ds

[Dawn]

$this->bbcode_second_pass_quote('smallpoxgirl', 'A')s best I can see, the government is trying to merge all of these companies and create an even bigger time bomb. I don't see anybody trying to fix the actual problem here. This is just a gigantic wealth transfer from me to a bunch of billionaire f---kers on wall street as best as I can see. It changes nothing about the fundamental problems.

[RedStateGreen]

$this->bbcode_second_pass_quote('dinopello', '')$this->bbcode_second_pass_quote('RedStateGreen', 'B')esides, he's got weird eyes. Kind of scares me.

[Plantagenet]

Bush is going to make a special speech to the nation to promote Paulson's scheme this evening (9 EDT, 5 ADT).

If listening to completely discredited Bush blather on trying to convince average taxpayers to bail out wealthy bankers doesn't unite the country against Paulson's crazy idea, I don't know what will.....Bush doesn't have a shred of credibility to try to sell this scheme.

[DarkDawg]

He's a Romulan!


...without the hair

[gnm]

$this->bbcode_second_pass_quote('Dawn', '')$this->bbcode_second_pass_quote('smallpoxgirl', 'M')ost of those extravagant loans were funded by foreign investors, and after realizing their bad decisions... they want our tax dollars, so they can continue doing business with us?

I have believed this was coming for many years, but now that it's here...

[Delphis]

Here's Paulson at a recent Trekkie Convention at the Las Vegas Hilton....LOL

Link shortend by wisconsin_cur


Now I need to find my Credit Default Swap cloaking device....Ha!

[TheDude]

Is something wrong with one of his pinkies? I was watching him on the idiot box and this pinky looked all bent out of shape, like maybe he'd hit it with a, oh, I don't know, Hammer perhaps?

Seem to recall that tweaked fingers like that were also characteristic of the malevolent aliens on the X-Files...

[Plantagenet]

Bush is giving his speech right now.

Why should we bail out the Wall Street slimeballs.....there is absolutely NO guarentee this will solve anything.

[Dawn]

Wait it gets even worse...

China banks told to halt lending to US banks-SCMP

House clears $25bn for carmakers

FDIC May Need $150 Billion Bailout as Local Bank Failures Mount

[madpaddler]

In case you have not seen this video, check it out, and specifically listen to about 11 minutes in where emails describing previous knowledge about this impending doom was first noted. link

[smallpoxgirl]

You sure you got the right link?

[madpaddler]

Just watched it 10 minutes ago...looking for it again

[madpaddler]

Here is another link...sorry this crap is coming so fast the sites are dropping some very quickly:

http://www.cbsnews.com/video/watch/?id=4484039n

[mattduke]

http://www.bloomberg.com/apps/news?pid= ... w&refer=us

[smallpoxgirl]

Yeah. This is great. "OK. So you're a bank, but you don't want to lend money to anyone. How about if we gave you $25 billion and asked you pretty please. Then would you lend money to people?"

Seems to me like this should drive their stock prices into the dirt. Wells Fargo, for example, has a market cap of about $100bn right now. You dilute that out with $25 bn in new warrants, and it can't be good.

Then there's this statement "The IMF also said Oct. 7 that financial losses would total $1.4 trillion, an almost 50 percent increase from a prediction in April."

Guess what folks. The housing correction, isn't done. Not by a long shot. If they've already lost $1.4 trillion, this is pissing on a burning high rise. We've got to face facts that a lot of these banks ARE GOING TO GO BANKRUPT! We're trying to convert the housing bubble into a national debt bubble. We won't be able to service that either, and when it pops the consequences are going to be a lot more dire.

[smiley]

$this->bbcode_second_pass_quote('', 't')his is pissing on a burning high rise.

[smallpoxgirl]

Can anybody explain this, cause I'm kinda lost.

Treasury is investing big amounts of money in these companies. In exchange it's getting warrants. Now if I'm an investor in one of these companies. Ok, I know silly idea, but for the sake of argument suppose I was foolish enough to have money invested in one of these companies. I would be thinking, ohh...the company just issued billions of dollars in new stock which is going to dilute my stock. Not only that, it's going to be senior to my stock, so in a bankruptcy, I'm more likely to get nothing. AND the government just limited my dividend. I'm thinking, I'm pissed, and I want out of this stock. Somehow the market has different logic though. The companies that are pegged as being the ones to dilute their stock....they all soared today. They were some of the biggest gainers. Can someone explain that to me? I don't get it.

[dinopello]

Local banks do not want the money.

$this->bbcode_second_pass_quote('', 'C')ommunity banking executives around the country responded with anger yesterday to the Bush administration's strategy of investing $250 billion in financial firms, saying they don't need the money, resent the intrusion and feel it's unfair to rescue companies from their own mistakes.