$700 billion bailout bill just got rejected!

[Hitman932]

What you don't understand is there is NO TIME. Its like providing a dead man with a brand new heart. Its useless, he's dead.

If congress waits too long, there will be no more banks left to rescue. I personally think its already too late.

Congress dropped the ball. The economy has little to do with actual prosperity and everything to do with group psychology, and congress just ensured that the market will have ZERO confidence for at least the next few years.

This bailout should have been a year in the making, but everyone who knew what was going on was busy squeezing every last dollar out of this.

**** even as recently as 2-3 months ago prominent analysts were saying GS was safe from all these problems that BSC, LB, ML were killed/being killed by..

The Gov't should have seen this coming and been working on this long before everything went bad, they could have preemptively stepped in and declared this business corrupt and pitched themselves as saviors. Now they look foolish and idiotic to the extent that people want to lynch their local congressman if they support another horse**** inflated windfall for something vague that they cannot understand.

At election time, at "war", no good answers.. you cannot blame the public for being skeptical to the point of being stupid.

Doesent' help that Ben Bernanke and Henry Paulsen come off like high school dropout stumblebums when pressed for answers and specifics on where the money is going and what the cumulative effects will be of dishing out a little cash.

After all it is only .7 Trillion dollars.


I have to believe there is a much better way to do this bailout and I hope that a week of thinking about it and realizing the scope of this will only ensure that the long term benefits of a well thought out plan will ultimately exceed the short term loss of 1500-2000 pts on the market.

[KingDosia]

I don't have much to say on this subject because anybody who claims to really understand the economy or claim to know what is best for it is lying. People dedicate their lives to studying it and still end up without a clue, as is apparent by the recent leaked audio tape.

I've only this to say:

While I don't support or hate that bailout plan that failed (as I said, I've no real true, deep understanding of our economy so I wont just jump on board some train), the fact that it failed because some people claimed Nancy Pelosi's speech was partisan makes me want to vomit. If you don't like the bill or idea, that's fine, that's why you were elected. But if you're shooting down a piece of legislation because somebody said something you didn't like?

I'm sorry, that's as good as treason in my book.

Economics is an art, and not a science. There isn't the possiblility of an absolute "master' Just a collection of people who can paint a decent picture.
I look at the economy like a moody *****. Right now the hoe is PMS'ing big time.
As far as the "bailout" I like the Lassez - fair attitude of tradtional "classsic" economists. And am confident that even though in a global economy we are losing ground to countries with a larger population gaining ground in technology and production, we still support far too much of that global economy for ours to fail. The current business cycle is in resession (**** who says it isn't it's been more than two quarters) and the financial markets are in shambles. But the overal output of the economy is still strong. So in theory the "moody *****" will get over it.

[KingDosia]

let's just do that regardless. matter of fact, i'd prefer just taking over balboa island. you should roll by anyways. don't hafta drink much, or at all. thing is, most people say that they can't party but roll by anyways and still hava good time because nobody (except me of course) can drink too much cause they gotta werk. so everyone's out by 10:00. that's why the weekday cook nights are such a hit. it started off with 10 peeps and it gets bigger each time i do it.

Crime and debauchery profit like crazy during tough times. Balboa will be Vegas' largest competitor when I'm done. White slavery will be back, as i fully intend to enslave and pimp every bujoir ***** from Newport ave, south.

[Im Horny]

Post a pic of yourself.

Mizzou is this you?

[Spare Moody]

Crime and debauchery profit like crazy during tough times. Balboa will be Vegas' largest competitor when I'm done. White slavery will be back, as i fully intend to enslave and pimp every bujoir ***** from Newport ave, south.

is that girl in yer av somebody you personally know? if so, can i have her? can we work out a bargain deal or somethin?

[rambov]

If you guys think that the big boys on wall street are going to be broke because of this crisis then you're dead wrong.
They have been making millions for years and years prior to this and filing bankruptcy just means that they didn't make money "this year" and now its time to file chapter 11 and on to the next venture.
These guys have hundreds of millions of dollars in overseas bank accounts and are probably currently hedging right now against this bailout and trippiling their income

It is the american middleclass who are going to be broke and the government tried to stop it from happening and now we lost a trillion dollars today.
So if you think this bailout makes or breaks them you are wrong.

This Bailout is for the US people to regain confidence in the market.

It was a great concept but wall street didn't think it was going to help very much.
And the american people were too stupid to realize that.

[Hitman932]

It was a great concept but wall street didn't think it was going to help very much.
And the american people were too stupid to realize that.

I bought Bear Stearns years ago at $14 per share.

I sold it last year at $160 per share.

Made 25,000 out of paper route money I saved when i was 10. I cannot imagine how much cash these guys have stored away. hundreds of millions, some of them billions.

I think about all the people at BSC and their buddies inside who made the same money, and then doubled it (guaranteed) shorting the stock as it tumbled into oblivion

[Spare Moody]

If you guys think that the big boys on wall street are going to be broke because of this crisis then you're dead wrong.
They have been making millions for years and years prior to this and filing bankruptcy just means that they didn't make money "this year" and now its time to file chapter 11 and on to the next venture.
These guys have hundreds of millions of dollars in overseas bank accounts and are probably currently hedging right now against this bailout and trippiling their income

It is the american middleclass who are going to be broke and the government tried to stop it from happening and now we lost a trillion dollars today.
So if you think this bailout makes or breaks them you are wrong.

This Bailout is for the US people to regain confidence in the market.

It was a great concept but wall street didn't think it was going to help very much.
And the american people were too stupid to realize that.

**** the middle and lower class. they're meant to suffer. at least they live in a society that gives them the opportunity to make it big. i'm a part of this class. i didn't make it big. i blame nobody except myself.

with that in mind, i'll eventually correct it. when i do, i will give a good zero amount of pity for those who don't.

[Mizzou]

Mizzou is this you?

No that is my best friend John who lives in Alabama, I'm way bigger than that. There are only about three pics of me on the internet. Here is one:


Don't use all your lotion at once.

[Mizzou]

Pictures of my fatass to help sidetrack you about our AAAWWWFFFUULLLL economy.