Market today

[Danzig]

the govt has been bailing out corporations for years-chrysler immediately comes to my mind.
but it seems pretty obvious that more regulation is necessary-but the financial markets may have done themselves a bigger disservice than they realize. you open the door to the feds, good luck closing it again.
i'm very tired, and may not be making much sense-so i think i'll call it a night.

Originally Posted by dalakhani

Government just approved 85 billion dollar loan (bailout) of AIG.

So let me get this straight. In the space of 6 months, the Us Govt is now in the Investment banking, mortgage and insurance business. Heck, we are even in the process of getting into the automobile business.

So much for free market capitalism. Its interesting that an administration that wanted no regulation is quick to bail corporations out of their unregulated mistakes.

People complain about socialized health care but where are the complaints about socialized corporate care?

We saw what happened with the free market in the depression...
The invention of the Federal Reserve Bank.
Which has now extended its role even further.

[GPK]

Interesting piece in the NYT

http://www.nytimes.com/2008/09/17/bu...hp&oref=slogin

[SCUDSBROTHER]

Anybody find it odd that the Palin lady said "They've been asleep at the switch in Washington." McCain n' Biden been there for 20 to 30 years.

[dalakhani]

And the market takes another pounding today.

Under 10,000 soon?

When the 3rd largest insurer in the world needs an 85 billion dollar government bailout...

[dalakhani]

Originally Posted by Coach Pants

When the 3rd largest insurer in the world needs an 85 billion dollar government bailout...

I dont think it is a reach to say that we will look back at august 2007 through ????? as the second depression.

[GBBob]

Originally Posted by dalakhani

And the market takes another pounding today.

Under 10,000 soon?

I'd buy....but I have no idea who is safe anymore

Well...cigs and alcohol always a good bet in tough times

[dalakhani]

Originally Posted by GBBob

I'd buy....but I have no idea who is safe anymore

Well...cigs and alcohol always a good bet in tough times

with the potential for a dem controlled congress and prez? Would you be surprised by an increase in sin tax?

[GBBob]

Originally Posted by dalakhani

with the potential for a dem controlled congress and prez? Would you be surprised by an increase in sin tax?

no tax in the World can stop an addiction

[dalakhani]

Originally Posted by GBBob

no tax in the World can stop an addiction

Then why not raise takeout by 10%?

[GBBob]

Originally Posted by dalakhani

Then why not raise takeout by 10%?

you're moving my post too much from sarcasm to reality....whooah

Originally Posted by dalakhani

I dont think it is a reach to say that we will look back at august 2007 through ????? as the second depression.

Heh. I believe we're looking at some of the toughest times in the history of mankind. The great depression will be a vacation compared to the fight for energy.

[Antitrust32]

Originally Posted by dalakhani

with the potential for a dem controlled congress and prez? Would you be surprised by an increase in sin tax?

for strippers and hookers too? I sure hope not!

[dalakhani]

Originally Posted by Coach Pants

Heh. I believe we're looking at some of the toughest times in the history of mankind. The great depression will be a vacation compared to the fight for energy.

so does that bush some sort of...gulp...visionary?

Originally Posted by dalakhani

so does that bush some sort of...gulp...visionary?

Ok nice talking to you.

[dalakhani]

Originally Posted by Coach Pants

Ok nice talking to you.

I think we are decades away from the war for energy that you are envisioning although i would have to agree that it is inevitable.

I think the war that no one is talking about that is on our doorstep is the currency war. The destruction of the dollar is upon us and it is just a matter of time before the people with the real "money", not this bullshit fiat currency, tell us to take a walk.

What do you think gas prices do then?

[Mortimer]

The mental suicide thread.


The demand for bullsh!t never goes down.

This is a constant.

[Rileyoriley]

Originally Posted by Mortimer

The mental suicide thread.


The demand for bullsh!t never goes down.

This is a constant.