Vote failed, Dow coming back up from -670 points.
Last edited by {M5}Sniper3 (2008-09-29 11:00:19)
*runs around in circles screaming*
Where does it say it's failing?
Holy lulz @ the markets.
Where does it say it's failing?
Holy lulz @ the markets.
Last edited by Mek-Stizzle (2008-09-29 11:05:09)
Gold up $5.60 an ounce.
I'm more curious of how the markets are going to be after the elections.
I'm more curious of how the markets are going to be after the elections.
oooo, Markets a-crashing
good thing my money's in my pocket and not in the banks (and stfu inflation).
My generation gets to fix this shit, thanks a lot baby boomers, f-ed up the whole damn planet.
good thing my money's in my pocket and not in the banks (and stfu inflation).
My generation gets to fix this shit, thanks a lot baby boomers, f-ed up the whole damn planet.
To think it used to be at 14,000:
https://www.etrade.wallst.com/v1/stocks … tKvU1WczU=
@Lythberg good thing my only money in the bank definitely doesn't go over the FDIC insurance limit
https://www.etrade.wallst.com/v1/stocks … tKvU1WczU=
@Lythberg good thing my only money in the bank definitely doesn't go over the FDIC insurance limit
Last edited by Hurricane2k9 (2008-09-29 11:10:01)
I can't find anything in that link that says that it's failing. They all said it's going to pass, I don't see how it could still not...?
Nevermind, that one guys comments.
I wish I had enough money to have to worry about that limit, lolHurricane2k9 wrote:
To think it used to be at 14,000:
https://www.etrade.wallst.com/v1/stocks … tKvU1WczU=
@Lythberg good thing my only money in the bank definitely doesn't go over the FDIC insurance limit
My $87.74 in the bank is well under I figure
if it drops far enough wont feds stop market?
Last edited by Locoloki (2008-09-29 11:19:04)
oo this is quite a bad drop across the board
Small hourglass island
Always raining and foggy
Use an umbrella
Always raining and foggy
Use an umbrella
I don't think this bodes well.
meh, dow is pulling up slightly
Small hourglass island
Always raining and foggy
Use an umbrella
Always raining and foggy
Use an umbrella
lolThe lower house of the US Congress has voted down a $700bn (£380bn) plan aimed at bailing out Wall Street.
The rescue plan - the result of tense negotiations between the government and lawmakers - was voted down by 226 votes to 207 votes.
http://news.bbc.co.uk/1/hi/business/7641733.stm
It would be worse if this passed.Hurricane2k9 wrote:
I don't think this bodes well.
We are still in for a rough time though.
don't lol, this affects you tooMek-Stizzle wrote:
lolThe lower house of the US Congress has voted down a $700bn (£380bn) plan aimed at bailing out Wall Street.
The rescue plan - the result of tense negotiations between the government and lawmakers - was voted down by 226 votes to 207 votes.
http://news.bbc.co.uk/1/hi/business/7641733.stm
This has to be considered a shocker. The bailout bill failed in the House, and it wasn’t especially close. The final tally was 207-226, with Democrats supporting it 141-94, while Republicans opposed it 66-132.
How did the markets react? Initially, with panic. Dow dropped from around a -290 to more like a -660, but then recovered within minutes to a -400. Within a few minutes after that, it rose a little further to about -360, a 300-point gain, but it continued to go up and down, and probably will all day long.
What does this mean? The Senate can always initiate their own version of the plan and re-send it to the House, but that will take some doing. Can Republicans change their votes after taking this kind of stand?
If it stands, it will be a repudiation of the leadership in both House caucuses and the Bush administration. Pelosi couldn’t hold her caucus together, and Boehner, Cantor, Blunt, and Putnam will find themselves in the minority of theirs.
Xbone Stormsurgezz
Yeah.Hurricane2k9 wrote:
don't lol, this affects you tooMek-Stizzle wrote:
lolThe lower house of the US Congress has voted down a $700bn (£380bn) plan aimed at bailing out Wall Street.
The rescue plan - the result of tense negotiations between the government and lawmakers - was voted down by 226 votes to 207 votes.
http://news.bbc.co.uk/1/hi/business/7641733.stm
http://money.uk.msn.com/investing/markets.aspx
A little surpriced that the republicans blocked this ....
Wait behind the line ..............................................................
It's like picking your poison, if the bailout passes its gonna help the financials and hurt the taxpayers if it doesnt pass its gonna hurt the financials and the Markets even more. It should be passed because those financial companies own alot of good loans that people need for college / homes etc and money that cannot be insured by the FDIC. Someones gonna have to pay for it.{M5}Sniper3 wrote:
It would be worse if this passed.Hurricane2k9 wrote:
I don't think this bodes well.
We are still in for a rough time though.
Fuck it's down 500 again
They couldn't have blocked it on their own.. even if they had the whole of the GOP blocking it.. which they didn't.Varegg wrote:
A little surpriced that the republicans blocked this ....
Xbone Stormsurgezz
this will halt inflation.... right?
I've been hearing word that it may be better for the average American if the bailout fails.{M5}Sniper3 wrote:
It would be worse if this passed.Hurricane2k9 wrote:
I don't think this bodes well.
We are still in for a rough time though.
http://tpmcafe.talkingpointsmemo.com/20 … /#comments