- Location
- Houston, Tx
-
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Bail Out Bill Defeated
- Thread starter IslanderOffRoad
- Start date
XJensen
NAXJA Forum User
- Location
- Sacramento
Now I just need to wait for the sky to fall. :helpme:
This will be a very interesting week...
Josh
This will be a very interesting week...
Josh
- Location
- Houston, Tx
I'm sure they'll slap another one together and keep trying.
JNickel101
NAXJA Forum User
- Location
- Alamogordo, NM
:fingers crossed: maybe they'll realize that insuring them would be better than buying them out....
I won't hold my breath though....
I won't hold my breath though....
- Location
- Houston, Tx
Hopefully that new stimulus package will get added in.
I mean if the gov't is going to fuck the country into debt I might as well get a share right?
I mean if the gov't is going to fuck the country into debt I might as well get a share right?
- Location
- MilkyWay Galaxy
http://online.wsj.com/article/SB122257682963083173.html
Hot off the press!
"U.S. Seals Bailout Deal"
Hot off the press!
"U.S. Seals Bailout Deal"
XJensen
NAXJA Forum User
- Location
- Sacramento
- Location
- MilkyWay Galaxy
And the DJIA got flushed with it, down -777 as I type here, new low.
They may not have a drawing board left to go back to!
- Location
- MilkyWay Galaxy
[FONT=Arial,Helvetica,Geneva]U.S. stocks hammered as House rejects rescue
Dow hit by biggest-point loss ever, topping post 9/11 loss
[FONT=Arial,Helvetica,Geneva] [/FONT]By Kate Gibson, MarketWatch [SIZE=-1]Last Update: 4:47 PM ET Sep 29, 2008[/SIZE] [FONT=Arial,Helvetica,Geneva]NEW YORK (MarketWatch) -- Stocks plunged Monday, with the Dow industrials plunging 777 pointsor their worst point drop on record, as the House of Representatives voted down the government's $700 billion financial bailout package. [/FONT]
[FONT=Arial,Helvetica,Geneva]"The bill would've decreased uncertainty, at least a little," said Marc Groz, managing member, Topos LLC. "Instead, the failure of the bill has sent uncertainty -- and the VIX [the market's fear gauge] soaring. This is a fear-driven market." [/FONT]
[FONT=Arial,Helvetica,Geneva]The Dow Jones Industrial Average ($INDU) finished at 10,365.45, down 777.68 points, or 7%, giving the blue-chip index its worst point loss in its history, topping Sept. 17, 2001, when it shed 684 points.[/FONT]
[FONT=Arial,Helvetica,Geneva]All of the Dow's 30 components ended lower, with sharp losses especially seen in the likes of Bank of America (BAC) and American Express Co. (AXP), which both lost over 17.6%.[/FONT]
[FONT=Arial,Helvetica,Geneva]http://custom.marketwatch.com/custom/earthlink-net/mw-news.asp?GUID={7F45BE2A-0486-494E-B87C-76D9F2688338}&destination=&symb=djia
[/FONT]
[/FONT]
Dow hit by biggest-point loss ever, topping post 9/11 loss
[FONT=Arial,Helvetica,Geneva] [/FONT]By Kate Gibson, MarketWatch [SIZE=-1]Last Update: 4:47 PM ET Sep 29, 2008[/SIZE] [FONT=Arial,Helvetica,Geneva]NEW YORK (MarketWatch) -- Stocks plunged Monday, with the Dow industrials plunging 777 pointsor their worst point drop on record, as the House of Representatives voted down the government's $700 billion financial bailout package. [/FONT]
[FONT=Arial,Helvetica,Geneva]"The bill would've decreased uncertainty, at least a little," said Marc Groz, managing member, Topos LLC. "Instead, the failure of the bill has sent uncertainty -- and the VIX [the market's fear gauge] soaring. This is a fear-driven market." [/FONT]
[FONT=Arial,Helvetica,Geneva]The Dow Jones Industrial Average ($INDU) finished at 10,365.45, down 777.68 points, or 7%, giving the blue-chip index its worst point loss in its history, topping Sept. 17, 2001, when it shed 684 points.[/FONT]
[FONT=Arial,Helvetica,Geneva]All of the Dow's 30 components ended lower, with sharp losses especially seen in the likes of Bank of America (BAC) and American Express Co. (AXP), which both lost over 17.6%.[/FONT]
[FONT=Arial,Helvetica,Geneva]http://custom.marketwatch.com/custom/earthlink-net/mw-news.asp?GUID={7F45BE2A-0486-494E-B87C-76D9F2688338}&destination=&symb=djia
[/FONT]
[/FONT]
XJensen
NAXJA Forum User
- Location
- Sacramento
It seems our own Government has topped the terrorists. In reaction to 9/11 they have created a much bigger problem...
Josh
Josh
- Location
- MilkyWay Galaxy
"Government is not the solution, it is the problem" Ronald Reagan.
JNickel101
NAXJA Forum User
- Location
- Alamogordo, NM
- Location
- REDLANDS, CA. (SoCal)
Here's an interesting and intelligent comentary along those same lines, from CNN of all places even.
http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html
JNickel101
NAXJA Forum User
- Location
- Alamogordo, NM
Here's an interesting and intelligent comentary along those same lines, from CNN of all places even.
http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html
Actually it was from a senior Economics dude at Harvard...he just sent it to CNN. Don't go giving CNN that much credit
muduck18
NAXJA Forum User
- Location
- Geigertown, PA
Well there you have it. Scream dooms day loud enough and the politicians will panic and vote to pass an even worse bill...
239 to 158 in favor of the new Pork and beans bailout bill where Pork is the main course...
239 to 158 in favor of the new Pork and beans bailout bill where Pork is the main course...
muduck18
NAXJA Forum User
- Location
- Geigertown, PA
wait the times up and they are still voting?
254 to 166?
WTF
254 to 166?
WTF
muduck18
NAXJA Forum User
- Location
- Geigertown, PA
errr 263 to 171
Damn I don't have 10,000 to send to wall street!!!
Damn I don't have 10,000 to send to wall street!!!
- Location
- Roanoke VA
The revised bill just passed about 30min. ago.
muduck18
NAXJA Forum User
- Location
- Geigertown, PA
well Since i posed when i saw it live on CNN about 50 minutes ago I would say you are close
