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Bailout bill fails, Dow plunges
Bailout bill fails, Dow plunges
People start investing in canned food and shotguns picked by Moe 1 year ago
tags bailout money fail stocks congress vote
 quote edit #1 
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4
 hootnann...
1 year ago
Keeping up with the Jones' put "us" in this situation...why have a house you can afford when you can have a house just like someone who makes more money than you can afford...or so is the illusion of wealth.

How about they pay off student loan debt OR mortgages...not everyone in the US has a mortgage...I knew I could not afford a house with my student loan debt so I didn't try...no matter what someone else could have told me...simple math will help everyone:

Salary - cost of living (food, gas, medical)- education debt = not enough for a mortgage
quote #2
18
 dork
1 year ago
What I also don't get, probably because I don't know everything about the economy, is why aren't people buying shares now for really cheap so that when the market does come back up, which I know it will, they can sell them high.

Isn't that the whole point buy low sell high.
quote #3
13
 JoshSF49
1 year ago
« dork : What I also don't get, probably because I don't know everything about the economy, is why aren't people buying shares now for really cheap so that when the market does come back up, which I know it will, they can sell them high.

Isn't that the whole point buy low sell high.
Not if people expect the market to drop significantly within the next few weeks.
quote #4
10
 dexhol
1 year ago
« horsefeathers : I have not read through this entire thread yet, but the way I see it is, if you are not worried:

1) All your money is either buried in your backyard, or stuffed under your mattress.

and/or

2) You are independently wealthy, and money is disposable without a care in the world.
Eh, I'm not worried because I HAVE no money to lose. Anyone know how long you can live eating sticks and grass and drinking rain water?
quote #5
About Plime
Plime is an editable wiki community where users can add and edit weird and interesting links. Users earn karma when other users vote on their actions. The more karma you have, the more power you have at Plime.

17
 vexingmo...
1 year ago
« LeeHBlanc : Perhaps you would care to cite facts? Maybe show us how the party that was in the minority for years blocked the Angelic Republicans from looking out for everyman?

While you're at it, maybe you could show us how we're safer since we invaded Iraq and took out those WMDs and splintered their ties to Al Quaeda... I'm sure you can prove that too.
Maybe you missed the vote on Monday? You know, the one where the minority party (Republicans) killed a bill? It happens all the time.

Clearly, there were enough spineless Republicans like Jim Leach (and Lincoln Chafee and Olympia Snowe among others in the Senate) to tip the votes enough to kill any attempt to reign in Fannie Mae and Freddie Mac.

But you obviously suffer from Bush Derangement Syndrome and can't believe that the financial crisis we are facing started back in 1979.

You go on and blame Bush in about 15 years when the Social Security Bomb hits the economy. He started Social Security too, I guess.

You go on ahead and believe Pelosi's bulls**t about this all being the fault of "Bush's failed policies" instead of actually looking at what the liberal social programs are doing to this economy.
quote #6
17
 vexingmo...
1 year ago
« Boomshank : There's nothing wrong with riding a horse at top speed. What *is* wrong is riding that horse at top speed until it dies of exhaustion, ignoring all it's signs of fatigue along the way.

There's nothing wrong with loosening lending practices. There's nothing wrong with saying, "let's make loans more accessible."

What *is* wrong is continuing with that policy until the economy tanks.
This is true, in part. But when attempts to reign in that horse (in this case Fannie and Freddie) are blocked, it is critical to point out who caused it and when so we don't repeat the mistake.
quote #7
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