Boy I sure am glad congress passed that $700 billion bailout package......NOT - GoFuckYourself.com

Snake Doctor · 10-06-2008, 12:06 PM

The stock market has tanked more since they passed it than it did when they thought they weren't going to pass it.

I guess maybe it's got to get worse before it gets better.

Or maybe it's just got to get worse before it gets ALOT worse.

2012 · 10-06-2008, 12:11 PM

AlienQ - BANNED FOR LIFE · 10-06-2008, 12:12 PM

No its just Wallstreet knocking everything down so the big fish can buy back in before the Government starts dolling out the checks. There will be amazing gains before the 700B hit in the system so the government will spend more to conduct the corrections.

Remember buy low sell high?

GetSCORECash · 10-06-2008, 01:33 PM

Quote:

Originally Posted by Snake Doctor

I guess maybe it's got to get worse before it gets better.

It's going to get ugly, and more banks are going to fail...

tony286 · 10-06-2008, 01:36 PM

I think if they passed it that monday instead of friday that wouldnt of happened. They didnt pass it the market tanked and I think it dropping over 700 points started the real fear. Then it was too late.

yys · 10-06-2008, 01:51 PM

When did the bailout become the solution to an economic slow down and the resulting correction in the stock market? Is the government buying stocks with the $700 billion?

I thought it had something to do with the credit markets freezing up.

Tom_PM · 10-06-2008, 01:56 PM

WHY do people (including news media!) come at it from a premise that the act of PASSING the bill would instantly *fix* something!?!??

I've been stunned watching people who are SUPPOSED to know better come onto tv and do "reports" that are simply scare and fear and ignore!

The money is supposed to be for buying "toxic loans" from lenders who are too afraid of holding them and are seized up and not lending/operating! Thats it. It's not instant, nobody EVER said it was! IN fact, they've all said it'll take a long time. And it'd better. Because if the gov. took my money and is gonna buy and invest with it, they'd BETTER hold it long enough to make me a profit goddamnit.

Anyway, the markets today are just fear and ignorance. People are nervous, it's human nature especially in this culture of fear we've been living in for oh.......almost a decade.

Snake Doctor · 10-06-2008, 02:01 PM

Quote:

Originally Posted by PR_Tom

WHY do people (including news media!) come at it from a premise that the act of PASSING the bill would instantly *fix* something!?!??

I've been stunned watching people who are SUPPOSED to know better come onto tv and do "reports" that are simply scare and fear and ignore!

The money is supposed to be for buying "toxic loans" from lenders who are too afraid of holding them and are seized up and not lending/operating! Thats it. It's not instant, nobody EVER said it was! IN fact, they've all said it'll take a long time. And it'd better. Because if the gov. took my money and is gonna buy and invest with it, they'd BETTER hold it long enough to make me a profit goddamnit.

Anyway, the markets today are just fear and ignorance. People are nervous, it's human nature especially in this culture of fear we've been living in for oh.......almost a decade.

I didn't think it would instantly fix something....but stocks are forward looking, and when the market drops precipitously like this, it's because of a lack of confidence.....today's prices have nothing to do with economic fundamentals.

So all I'm saying is....apparently this bailout package did nothing to restore investor confidence in our economic future.

collegeboobies · 10-06-2008, 02:35 PM

Yeah it was a huge scam

Doctor Dre · 10-06-2008, 02:50 PM

Quote:

Originally Posted by PR_Tom

WHY do people (including news media!) come at it from a premise that the act of PASSING the bill would instantly *fix* something!?!??

I've been stunned watching people who are SUPPOSED to know better come onto tv and do "reports" that are simply scare and fear and ignore!

The money is supposed to be for buying "toxic loans" from lenders who are too afraid of holding them and are seized up and not lending/operating! Thats it. It's not instant, nobody EVER said it was! IN fact, they've all said it'll take a long time. And it'd better. Because if the gov. took my money and is gonna buy and invest with it, they'd BETTER hold it long enough to make me a profit goddamnit.

Anyway, the markets today are just fear and ignorance. People are nervous, it's human nature especially in this culture of fear we've been living in for oh.......almost a decade.

it was supposed to restore confidence. If they would have acted quick, the market probably would have taken off almost instantly, but they waited too late and everybody got paranoid.

seeandsee · 10-06-2008, 03:37 PM

We will see results

10-06-2008, 12:06 PM	#1
Snake Doctor I'm Lenny2 Bitch Join Date: Mar 2001 Location: On top of my soapbox Posts: 13,449	Boy I sure am glad congress passed that $700 billion bailout package......NOT The stock market has tanked more since they passed it than it did when they thought they weren't going to pass it. I guess maybe it's got to get worse before it gets better. Or maybe it's just got to get worse before it gets ALOT worse. __________________ sig too big

10-06-2008, 12:11 PM	#2
2012 So Fucking What Industry Role: Join Date: Jul 2006 Posts: 17,189	__________________ best host: Webair \| best sponsor: Kink \| best coder: 688218966 \| Go Fuck Yourself

10-06-2008, 12:12 PM	#3
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	No its just Wallstreet knocking everything down so the big fish can buy back in before the Government starts dolling out the checks. There will be amazing gains before the 700B hit in the system so the government will spend more to conduct the corrections. Remember buy low sell high? __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \| Last edited by AlienQ - BANNED FOR LIFE; 10-06-2008 at 12:15 PM..

10-06-2008, 01:56 PM	#7
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	WHY do people (including news media!) come at it from a premise that the act of PASSING the bill would instantly fix something!?!?? I've been stunned watching people who are SUPPOSED to know better come onto tv and do "reports" that are simply scare and fear and ignore! The money is supposed to be for buying "toxic loans" from lenders who are too afraid of holding them and are seized up and not lending/operating! Thats it. It's not instant, nobody EVER said it was! IN fact, they've all said it'll take a long time. And it'd better. Because if the gov. took my money and is gonna buy and invest with it, they'd BETTER hold it long enough to make me a profit goddamnit. Anyway, the markets today are just fear and ignorance. People are nervous, it's human nature especially in this culture of fear we've been living in for oh.......almost a decade. __________________ 43-922-863 Shut up and play your guitar.

10-06-2008, 03:37 PM	#11
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	We will see results __________________ BUY MY SIG - 50$/Year Contact here

10-06-2008, 01:36 PM	#5
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	I think if they passed it that monday instead of friday that wouldnt of happened. They didnt pass it the market tanked and I think it dropping over 700 points started the real fear. Then it was too late.

10-06-2008, 01:51 PM	#6
yys Confirmed User Join Date: Aug 2001 Posts: 1,922	When did the bailout become the solution to an economic slow down and the resulting correction in the stock market? Is the government buying stocks with the $700 billion? I thought it had something to do with the credit markets freezing up.

10-06-2008, 02:35 PM	#9
collegeboobies So Fucking Banned Join Date: Jul 2004 Posts: 3,644	Yeah it was a huge scam