[captain-custard]

http://news.bbc.co.uk/1/hi/business/7641733.stm

the lower house said "no" and wall street fell 700 points

is this the beginning of the end for the banking industry.......

[TrashMan]

I honestly think the stocks and stock market are one of the WORST inventions in human history.

[FUBAR-BDHR]

It was down before the vote, went down about 640 then back up to only down 500 after the vote.  Now back down 569.56 as I type this. 

[FUBAR-BDHR]

I honestly think the stocks and stock market are one of the WORST inventions in human history.

No the politician is.

[captain-custard]

I honestly think the stocks and stock market are one of the WORST inventions in human history.

No the politician is.

a politician is just our scape goat for our inability to wipe our own arses and needing some one to blame for our inabilty

so basicaly a politician has a use ,as a arse wipe

[BlackDove]

So guys, looks like that $700,000,000,000 bail out plan will pass. Thank god, if it didn't the USA and eventually the rest of the world would be hit by some bad times. But luckily that seems unlikely to happen.

[Polpolion]

*is going to start his own economy and sell the currency at arbitrary prices.

[FUBAR-BDHR]

OK now it's down over 700.  Time to start buying. 

[captain-custard]

id wait its gunnu go through the floor , theyll be giving away companies in boxes of breakfast cereals next week

[Grizzly]

I honestly think the stocks and stock market are one of the WORST inventions in human history.

Background information: The Dutch East Indian company founded this investment system. It turned out to be a very good way to get money for their trips...

The stock market is not the problem. It is that many companies estimated worth is just way higher then actual worth. Meaning that it can turn out that half of your stocks are worth nothing, and your cash is already in the hands of some greedy bastard who walks away and let the politics solve the problem.

[NGTM-1R]

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.

[TrashMan]

Stock market is a problem in it's very concept.
It's just another way for greedy people to make money, even tough stocks don't represent reality.

A perfectly good and productive company can be ruined because of the weird fluctuation on the stock market or some rather strange chain of rumors.

[Colonol Dekker]

That's crap, it only happens if you decide to float on the market. You don't have to sel shares.

[TrashMan]

You don't, but what's the point of having stocks in the first place then?

If I ever become the benevolent dictator of the world, the stock market is the first thing I'll abolish...No, scratch that - reality shows are the first thing to go.

[Stormkeeper]

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.

I do agree with you, but the problem now being that AIG is responsible for thosands if not millions of jobs world wide, not to mention the uncounted number of insuracne policies in their care.

[Colonol Dekker]

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.

[Flipside]

Of course, 90% of the money on this planet isn't worth the paper it's printed on, since there's enough money in the world to buy all the resources on the planet several times over at current prices

[Colonol Dekker]

But what would i do with several trillion tonnes of planet and no Playstation

[captain-custard]

But what would i do with several trillion tonnes of planet and no Playstation

sell shares in it ?

[Herra Tohtori]

Of course, 90% of the money on this planet isn't worth the paper it's printed on, since there's enough money in the world to buy all the resources on the planet several times over at current prices

(image doesn't work any more it seems...)