tag:blogger.com,1999:blog-27697009.post4230689511416008879..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Crash DefinedJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-27697009.post-25866420898030373352008-09-30T21:35:00.000-07:002008-09-30T21:35:00.000-07:00Hi SackI have been keeping up the pressure. Not su...Hi Sack<BR/><BR/>I have been keeping up the pressure. Not sure at present if it will bear fruit. Keep your fingers crossed.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-18485347250860365722008-09-30T13:38:00.000-07:002008-09-30T13:38:00.000-07:00VLORG: "The DJA dropped 777 points today, will lik...VLORG: "The DJA dropped 777 points today, will likely drop just as much if not more on Tues... "<BR/><BR/>Got nothing to do with shorting being illegal has it?<BR/><BR/>By the way, as an outsider watching this thing, it is pretty impressive to see the US legislature actually respond to the people.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-7312862483029672512008-09-30T12:43:00.000-07:002008-09-30T12:43:00.000-07:00I still like Glenn Becks economic plan. Give every...I still like Glenn Becks economic plan. Give everyone $100,000 and see what happens to the economy...heck they'll still have plenty left to bail out Wall Street IF the people can't spend their way out of this mess!<BR/><BR/>The Federal Reserve:<BR/>backstopped the purchase of Bear Stearns to the tune of $29 BILLION<BR/>Loaned $85 BILLION to AIG<BR/>Is letting banks borrow up to $150 BILLION using risky mortgage backed securities as collateral<BR/>Letting investment banks, which it doesn't even regulate, get short term loans using the central banks discount window!<BR/><BR/><BR/>The Treasury:<BR/>pledge to backstop Fannie and Freddie up to $200 BILLION<BR/>are likely to loan $25 BILLION to the auto industry!<BR/><BR/>Lawmakers:<BR/>passed legislation allowing the Fed Housing Admin to insure up to $300 BILLION in loans for troubled borrowers<BR/><BR/>The treasury, lawmakers and Fed. reserve have made available or pledge almost $800 BILLION dollars ALREADY!!!<BR/><BR/>HOW MUCH MORE DO THEY WANT? They are questioning if $700,000,000,000 is going to be enough to bail them out! I think this is the biggest bunch of cow poo I have ever heard! Bail out.....yup something is getting deep and needs to be bailed out but it isn't Wall StreetJennhttps://www.blogger.com/profile/09172994241120849918noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-22907898922973095062008-09-30T03:59:00.000-07:002008-09-30T03:59:00.000-07:00My own rep here in Fort Worth, Texas voted for it,...My own rep here in Fort Worth, Texas voted for it, although she's a fairly conservative GOP member. The reps from two neighboring areas voted against it, citing an abuse of taxpayer funding. I'm sure jealous of those other people whose representatives actually "represent" them in Congress. <BR/><BR/>How can somebody vote against their own constituency when their opinion was 95% against the bailout?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-41047435130792868102008-09-29T23:18:00.000-07:002008-09-29T23:18:00.000-07:00At least the Congress did something right (for onc...At least the Congress did something right (for once)... although my congresscritter not surprisingly voted for it... He's been there since 1976, always seems to run unopposed.<BR/><BR/>Well, regardless of the victory for the People, I am waiting for the next, much bigger and much worse bail out to go before the legislature. The DJA dropped 777 points today, will likely drop just as much if not more on Tues... if anything to try and "convince" lawmakers that a multi-teradollar bailout is needed.<BR/><BR/>Gonna be a wild ride, let us savor our small victory while it lasts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-83222129880620201802008-09-29T22:48:00.000-07:002008-09-29T22:48:00.000-07:00Keep up the pressure, because the Protean money-ho...Keep up the pressure, because the Protean money-holders have a few more shape-changes in them yet. Well done to all the campaigners who made a Horton-Hears-A-Who difference.Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.com