Author Topic: wall street starts to nose dive after no vote  (Read 4751 times)

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Offline Colonol Dekker

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Re: wall street starts to nose dive after no vote
But what would i do with several trillion tonnes of planet and no Playstation :p

sell shares in it ?

Inspired idea, but i think i'd rather lease it long term to property developers :D Maybe Diaspora needs a plot to set up their "Second great war part 2 the sequel, dire ctors cut" production office.
Campaigns I've added my distinctiveness to-
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Re: wall street starts to nose dive after no vote
       They should vote down the bailout. Does American want a one year recession or a decade long depression? But the Federal Reserve and the other buddies seem to be trying to scare congress into approving the vote. Notice that most of the media stations now aren't asking "will it pass" but "when will it pass?"

 

Offline Flipside

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Re: wall street starts to nose dive after no vote
Thing is, there's not enough Gold in the world to cover all the money, so the Gold Standard is long gone. Nowadays, money is based on trust, and if that runs out....

 

Offline captain-custard

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Re: wall street starts to nose dive after no vote
       They should vote down the bailout. Does American want a one year recession or a decade long depression? But the Federal Reserve and the other buddies seem to be trying to scare congress into approving the vote. Notice that most of the media stations now aren't asking "will it pass" but "when will it pass?"


america is a free market economy so leave it to the free market, let it collapse and hopefully when were homeless and jobless and starving we might just have enough energy left to change this f***ed up system that enslaves us all
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Offline Mongoose

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Re: wall street starts to nose dive after no vote
       They should vote down the bailout. Does American want a one year recession or a decade long depression? But the Federal Reserve and the other buddies seem to be trying to scare congress into approving the vote. Notice that most of the media stations now aren't asking "will it pass" but "when will it pass?"
The representatives in the House who voted against this were, to put it lightly, complete goddamn idiots.  My only hope now is that the biggest one-day drop in the history of the Dow Jones will get them to pull their heads out of their ever-loving asses and get something passed before we plummet into a full-blown recession.

 

Offline captain-custard

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Re: wall street starts to nose dive after no vote
       They should vote down the bailout. Does American want a one year recession or a decade long depression? But the Federal Reserve and the other buddies seem to be trying to scare congress into approving the vote. Notice that most of the media stations now aren't asking "will it pass" but "when will it pass?"
The representatives in the House who voted against this were, to put it lightly, complete goddamn idiots.  My only hope now is that the biggest one-day drop in the history of the Dow Jones will get them to pull their heads out of their ever-loving asses and get something passed before we plummet into a full-blown recession.


i found this amusing because at the bottom of your post it says


"Prepare for Descent"

into financial chaos maybe
"Duct tape is like the force. It has a light side, a dark side, and it holds the universe together."

 

Offline Polpolion

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Re: wall street starts to nose dive after no vote
I wonder how many people here actually know how the US stock market works...

 

Offline Mars

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Re: wall street starts to nose dive after no vote
I know enough to know I know too little to actually make an intelligent decision.

That being said, I do believe those in the house that voted against this probably had a good damn reason.

 

Offline Mongoose

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Re: wall street starts to nose dive after no vote
The only "reason" they had for doing so was because their constituents were angry over the "we're just paying the Wall Street fat cats for mistakes they made" spin on the issue.  It's true that this whole thing is a result of shoddy lending practices, but you have to look at the bigger picture.  The credit system desperately needs an influx of capital to prevent the whole lending system from grinding to what is essentially a halt (and thank you to that OddTodd animation on ABC News for teaching me something :p).  Looking at this only from the perspective of bailing out banks is far too narrow-minded; if they go down, we're all screwed.

 
Re: wall street starts to nose dive after no vote
The only "reason" they had for doing so was because their constituents were angry over the "we're just paying the Wall Street fat cats for mistakes they made" spin on the issue.  It's true that this whole thing is a result of shoddy lending practices, but you have to look at the bigger picture.  The credit system desperately needs an influx of capital to prevent the whole lending system from grinding to what is essentially a halt (and thank you to that OddTodd animation on ABC News for teaching me something :p).  Looking at this only from the perspective of bailing out banks is far too narrow-minded; if they go down, we're all screwed.

     I don't think that's the only "reason" why people voted against the bailout. That reason is certainly not why he voted against it: http://www.youtube.com/watch?v=TlgByE1jDRA    (and here: http://www.youtube.com/watch?v=dv6rQ0U01Yc )

     And yeah, maybe the Gold idea is dumb. Or the constitutional idea is dumb. But in terms of other monetary policy he may have some things worth listening to.

      Here's another representative (this time, democractic) with her perspective: http://www.youtube.com/watch?v=S27yitK32ds Regardless of the financial plans, some of the points she brings up are rather valid, I mean congress is almost done sitting are they not? Fancy time to introduce a bill, and tell everyone that the fate of the world depends upon it. Fear is a great tool for control.
« Last Edit: October 01, 2008, 12:08:06 am by Akalabeth Angel »

 

Offline Dark RevenantX

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Re: wall street starts to nose dive after no vote
Let the world burn.

 

Offline Bobboau

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Re: wall street starts to nose dive after no vote
Put bluntly, I don't believe they should be bailed out. If the institutions have failed, they need to allowed to fail so that new ones, better ones, may rise.
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Re: wall street starts to nose dive after no vote
    As a point of interest, the CEO of AIG is one of the richest men in the world, according to forbes in 2004. He was worth about 3.6 Billion dollars. And this guy's company goes to **** so the US Government is going to buy it out?

 

Offline TrashMan

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Re: wall street starts to nose dive after no vote
You don't, but what's the point of having stocks in the first place then?

Controlling percentages in investors and directors.

You can forego an amount of pay pay per annum in exchange for a part of the company and earn a potentially greater yield in profts overall.

Isn't that why I was talking about? Stock are just another trade commodity that was invented so greedy people could earn even more money.

The idea that a perfectly healthy company can be ruined overnight by the crazy stock market appauls me. And we all see hoe redicolous the stock market really is. A rumor can ruin thusands.
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Offline Colonol Dekker

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Re: wall street starts to nose dive after no vote
It's similar. Very similar. But it's all in-house and not open to public purchase. If it "went to market" or "floated" joe public and billy bloggs could by a piece. The markets less stable than private equity though for just that reason. Also it's subject to a greater price change based on the market conditions. In-house shares are almost always only for a greater controlling stake in the company leadership.
:)
Campaigns I've added my distinctiveness to-
- Blue Planet: Battle Captains
-Battle of Neptune
-Between the Ashes 2
-Blue planet: Age of Aquarius
-FOTG?
-Inferno R1
-Ribos: The aftermath / -Retreat from Deneb
-Sol: A History
-TBP EACW teaser
-Earth Brakiri war
-TBP Fortune Hunters (I think?)
-TBP Relic
-Trancsend (Possibly?)
-Uncharted Territory
-Vassagos Dirge
-War Machine
(Others lost to the mists of time and no discernible audit trail)

Your friendly Orestes tactical controller.

Secret bomb God.
That one time I got permabanned and got to read who was being bitxhy about me :p....
GO GO DEKKER RANGERSSSS!!!!!!!!!!!!!!!!!
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