House vote failing, Dow crashing

2008-09-29 13:43:23

#101

CameronPoe: Member; +2,925|6861

Locoloki wrote:
CameronPoe wrote:
Poseidon wrote:
Well, this couldn't be a more horrible time to try and get a job/get into college..
You should be fine. Four years in college, by about which time everything will be better again!
how bout getting that loan for college though?

Doesn't matter when tertiary education is free, eh? Oops. That's one of the main root causes of the problem: society making it normal to rely on credit to do even basic things like going to college. Fundamentally flawed.

Last edited by CameronPoe (2008-09-29 13:46:59)

2008-09-29 13:44:35

#102

Varegg: Support fanatic :-); +2,206|7115|Nårvei

Henry Poulson is looking stressed right now ...

Wait behind the line ..............................................................

2008-09-29 13:49:46

#103

SgtHeihn: Should have ducked; +394|6792|Ham Lake, MN (Fucking Cold)

[TUF]Catbox wrote:
{M5}Sniper3 wrote:
CameronPoe wrote:

I heard the same rumour.
Well, here's her speech.

what a dottering idiot she is... lol...

I think we are better off to let things fall where they may... then rebuild and try not to make the same mistakes again...

Well just watching, she managed to piss off the Republicans and the Democrats that were part of Bush's bills. She has been screeching about bipartisanship and everyone working together, yet in the first 30sec she is bashing Bush and Republicans.

2008-09-29 13:51:02

#104

Pug: UR father's brother's nephew's former roommate; +652|6847|Texas - Bigger than France

Varegg wrote:
Pug wrote:
Varegg wrote:
Nancy Pelosi was on the side of the American people today ... the pressure on the individual congressman has been great the last 10 days, facebook campaigns, .org websites urging to vote no and send a template no email to your congressman just to mention a few ... google "vote no bailout" and see the results ...

http://www.votenobailout.org/
Yes, from www.impeachbush.com

Because, after all, the economy has nothing to do with congress nor the American people. It's only Bush.
If you say so ...

Did you not see the link at the bottom of what you posted?

2008-09-29 13:54:16

#105

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6007|College Park, MD

CameronPoe wrote:
Locoloki wrote:
CameronPoe wrote:

You should be fine. Four years in college, by about which time everything will be better again!
how bout getting that loan for college though?
Doesn't matter when tertiary education is free, eh? Oops. That's one of the main root causes of the problem: society making it normal to rely on credit to do even basic things like going to college. Fundamentally flawed.

Agreed. Although there's always the option of saving up for your kid to go to college, or getting a scholarship. The price of attending college is outrageous. That's partly why I'm not applying to the stupid Ivy League schools... I can still get a comparable education at a much better price AND have a better chance of admission in the first place.

https://static.bf2s.com/files/user/36793/marylandsig.jpg

2008-09-29 14:00:14

#106

Locoloki: I got Mug 222 at Gritty's!!!!; +216|6946|Your moms bedroom

Making loans easy to get was one of the factors in driving up tuition cost

2008-09-29 14:01:34

#107

Varegg: Support fanatic :-); +2,206|7115|Nårvei

Pug wrote:
Varegg wrote:
Pug wrote:

Yes, from www.impeachbush.com

Because, after all, the economy has nothing to do with congress nor the American people. It's only Bush.
If you say so ...
Did you not see the link at the bottom of what you posted?

It was one example of the many pages out there ... do a search Pug ... btw since you brought it up, Bush is without any blame in this ? .. are you really that blind ? ... his own is rebellious against him, for the first time i can recollect the house listened to the people before nosediving into yet another venture without thinking it through ...

Wait behind the line ..............................................................

2008-09-29 14:03:16

#108

CameronPoe: Member; +2,925|6861

Locoloki wrote:
Making loans easy to get was one of the factors in driving up tuition cost

Cheap money drives inflation. It's bad for capitalism. It creates bubbles. Capitalism cannot function without regulation, and that regulation is preferably socially responsible. One should hike interest rates to prevent the bubbles from forming - slow and steady wins the race.

Last edited by CameronPoe (2008-09-29 14:07:29)

2008-09-29 14:09:28

#109

Pug: UR father's brother's nephew's former roommate; +652|6847|Texas - Bigger than France

Varegg wrote:
It was one example of the many pages out there ... do a search Pug ... btw since you brought it up, Bush is without any blame in this ? .. are you really that blind ? ... his own is rebellious against him, for the first time i can recollect the house listened to the people before nosediving into yet another venture without thinking it through ...

No.

Let's assess blame. It's more important than dealing with the problem.

My frustration "Nancy Pelosi was on the side of the American people today..."

Yes. By showing affixing blame is more important than fixing the problem.

That's what I'm thinking about...

2008-09-29 14:13:43

#110

jsnipy: ...; +3,277|6828|...

But the dow is still above 9000!

2008-09-29 14:19:51

#111

Locoloki: I got Mug 222 at Gritty's!!!!; +216|6946|Your moms bedroom

http://www.nationalreview.com/comment/w … 060831.asp

article wrote:
Title IV funds and other federal financial aid are seen by colleges and universities as money that is there for the taking. Tuition is set high enough to capture those funds and whatever else we think can be extracted from parents. Perhaps there are college administrators who don't see federal student aid in quite this way, but I haven't met them. But I don't mean to imply that college administrators are driven solely by profit maximization. One reason that many prefer sky-high tuitions is that it enables them to act as social engineers. The larger the income from tuition, the more money they have on hand for scholarships for students who cannot afford the tuition.

This is key to the failure as fucking college loans are second only to housing loans, many people finish 4 years of college and cant even find a job

Last edited by Locoloki (2008-09-29 14:30:13)

2008-09-29 14:20:19

#112

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6458|what

jsnipy wrote:
But the dow is still above 9000!

Once it drops lower than 9000, it will wipe 5 years of growth off instantly.

2008-09-29 14:22:33

#113

Locoloki: I got Mug 222 at Gritty's!!!!; +216|6946|Your moms bedroom

TheAussieReaper wrote:
jsnipy wrote:
But the dow is still above 9000!
Once it drops lower than 9000, it will wipe 5 years of growth off instantly.

Put it this way, if you had 1,000,000 invested in retirements, and the stock market drops 10%, you just lost 100,000 in one day

2008-09-29 14:24:32

#114

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6458|what

Was there an overwhelming reason the bill was shot down by so many?

If no package is passed the US will surely end up in recession.

2008-09-29 14:24:47

#115

Ajax_the_Great1: Dropped on request; +206|6952

CameronPoe wrote:
Locoloki wrote:
CameronPoe wrote:

You should be fine. Four years in college, by about which time everything will be better again!
how bout getting that loan for college though?
Doesn't matter when tertiary education is free, eh? Oops. That's one of the main root causes of the problem: society making it normal to rely on credit to do even basic things like going to college. Fundamentally flawed.

Shh... you'll wake up lowing

2008-09-29 14:29:11

#116

Parker: isteal; +1,452|6700|The Gem Saloon

if anyone wants to learn to make cornbread from a car tire, let me know.

you will need that skill when the shit hits the fan....

also, im breeding a gerbil and a hamster....in the new world, people will be begging me for gerbster.

2008-09-29 14:30:09

#117

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6458|what

Parker wrote:
also, im breeding a gerbil and a hamster....in the new world, people will be begging me for gerbster.

you mean a herbil?

2008-09-29 14:37:19

#118

MGS3_GrayFox: Member; +50|6473

The foundations of the US economy is STRONG.

Strong like a weak midget.

2008-09-29 14:42:55

#119

RAIMIUS: You with the face!; +244|7020|US

Pelosi did a nice job of killing the bill she was advocating, it seems.

Notice that there were strong objections on both sides of the aisle...seems the bill wasn't that good for either side!

2008-09-29 14:46:03

#120

Ajax_the_Great1: Dropped on request; +206|6952

MGS3_GrayFox wrote:
The foundations of the US economy is STRONG.

Strong like a weak midget.

Foundation is strong.

Could use some residing though.

2008-09-29 14:46:41

#121

topal63: . . .; +533|7024

Parker wrote:
if anyone wants to learn to make cornbread from a car tire, let me know.

you will need that skill when the shit hits the fan....

also, im breeding a gerbil and a hamster....in the new world, people will be begging me for gerbster.

LOL, hey how fat are you going to breed them? Can we eat these gerbster thingies?

2008-09-29 15:17:56

#122

Mr.Dooomed: Find your center.; +752|6633

Parker wrote:
if anyone wants to learn to make cornbread from a car tire, let me know.

you will need that skill when the shit hits the fan....

also, im breeding a gerbil and a hamster....in the new world, people will be begging me for gerbster.

Gerbsterbobs anyone? That sounds really good...In a depression. You'd make a killin at say, Iowa County Fairs lol.

Poseidon wrote:
Well, this couldn't be a more horrible time to try and get a job/get into college..

Actually, my local Orielly Auto Parts store is hiring. And I'm thinkin of going down there. (Who wouldn't want discounts on auto parts?)

TheAussieReaper wrote:
Was there an overwhelming reason the bill was shot down by so many?

If no package is passed the US will surely end up in recession.

Recession is better then inflation imo. I'd rather see the U.S Dollar become more valuable in the global market, then less. If the $700 billion bailout passed, I'd be buying up silver dollars, dimes and nickels.

Edit: I just wanna add, now what can we do to actually MAKE money in this situation? Buy up foreclosed properties? Invest in other sectors of the market that went down because of the banking market? When can we figure out the bottom of the market, and when to invest again?

Last edited by Im_Dooomed (2008-09-29 15:24:13)

Nature is a powerful force. Those who seek to subdue nature, never do so permanently.

2008-09-29 15:32:18

#123

Kmar: Truth is my Bitch; +5,695|6906|132 and Bush

$1.1 trillion in market value lost today.
http://www.bloomberg.com/apps/news?pid= … refer=home

The wealth lost today on the market just today exceeds the cost of the bailout considerably.

Xbone Stormsurgezz

2008-09-29 15:32:59

#124

Beduin: Compensation of Reactive Power in the grid; +510|6056|شمال

lulz

الشعب يريد اسقاط النظام
...show me the schematic

2008-09-29 15:34:42

#125

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6007|College Park, MD

Well at least oil went down in price >_>

BF2S Forums House vote failing, Dow crashing

Locoloki wrote:

CameronPoe wrote:

Poseidon wrote:

[TUF]Catbox wrote:

{M5}Sniper3 wrote:

CameronPoe wrote:

Varegg wrote:

Pug wrote:

Varegg wrote:

CameronPoe wrote:

Locoloki wrote:

CameronPoe wrote:

Pug wrote:

Varegg wrote:

Pug wrote:

Locoloki wrote:

Varegg wrote:

article wrote:

jsnipy wrote:

TheAussieReaper wrote:

jsnipy wrote:

CameronPoe wrote:

Locoloki wrote:

CameronPoe wrote:

Parker wrote:

MGS3_GrayFox wrote:

Parker wrote:

Parker wrote:

Poseidon wrote:

TheAussieReaper wrote:

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