Hold on tight folks!

//////I'm still unsure whose fault this is...

At what point would trading be suspended?

This is what happens when government interferes in the market. *sigh*

I think I'll just avoid watching the numbers for the rest of the day.

I wonder if tomorrow we'll see another White Tuesday (?) bounce.

It's going to be a bumpy ride.

re: #3 MandyManners

At what point would trading be suspended?

At this time of day, when it drops 2400 points.

re: #3 MandyManners

At what point would trading be suspended?

I'm not sure it can be, at this point in the day.

re: #3 MandyManners

At what point would trading be suspended?

When there is no more stock to sell off. /

re: #3 MandyManners

At what point would trading be suspended?

A one hour stoppage is put in place if the market goes down by 1,100 points before 2pm. Half hour stoppage until 2:30pm, no stoppage after that until it goes down by 2,200 points. Then trading is suspended for the day.

Ah. Apparently at 2400 points.

Thanks, Watchmen.

re: #3 MandyManners

At what point would trading be suspended?

Once it drops ten percent (~1100 points).

Gold up $36 an ounce.

Anybody else watching the Lehman Bros CEO Fuld hearin?

McCain's talking about Fannie Mae...

So, tomorrow night's debate was supposed to be drawn entirely from audience questions. Now it's almost certain all those questions will be on the economy.

re: #12 Ward Cleaver

Once it drops ten percent (~1100 points).

Only before 2:30pm EDT. Otherwise, it takes a 2,200 point drop to suspend trading.

Thank God for tax breaks on Wooden Arrows! There's no telling how bad this could have been without those incentives.

/Do I really need to sarc this?/

re: #15 arethusa

Now it's almost certain all those questions will be on the economy.

So, no talking polar bears?

Oh well, I'm not retiring for 45 years anyway and a large portion of my 401K is in a VERY conservative savings-type account, with only about 25% in stocks... The portion in stocks has dropped 5K in a week...

re: #2 arethusa

//////I'm still unsure whose fault this is...

Bushitler! Chimpy Halliburton!

re: #3 MandyManners

[Link: en.wikipedia.org...]

re: #18 Occasional Reader

So, no talking polar bears?

No, instead it's all going to be talking heads. Heh.

thedopefishlives,

This is what happens when government interferes in the market. *sigh*

To a certain extent, yes. There were plenty of dumb borrowers and greedy lenders in the sub-prime mortgages market though. These problems aren't all because of Fannie Mae and Freddie Mac.

re: #14 TheBull271

Anybody else watching the Lehman Bros CEO Fuld hearin?

No, just saw a snippet at lunchtine, on CNN.

Buy, these things are always an overreaction and its Monday. Buy an index fund and sell tomorrow or Friday.

/Free advice is whorth what you paid for it.

re: #18 Occasional Reader

So, no talking polar bears?

/Nor moose, nor pigs, nor fluffy bunnies...

Oops. I made the mistake of looking at my 401(k) and threw up in my mouth a little.

re: #23 Dirk Diggler

thedopefishlives,

To a certain extent, yes. There were plenty of dumb borrowers and greedy lenders in the sub-prime mortgages market though. These problems aren't all because of Fannie Mae and Freddie Mac.

There's plenty of blame to go around, unless you listen to the Dems; then it's all Bush's fault.

re: #23 Dirk Diggler

There were plenty of dumb borrowers and greedy lenders in the sub-prime mortgages market though

Greedy lenders normally have no interest in lending to dumb borrowers.

Unless lousy incentive structures are put in place for them to do so.

Which brings us back to "government interference in the market"...

But, but, but . . . the bailout was supposed to keep this from happening!

/

I don't even want to look at my 401k right now.

Patience, patience. As my dad has always said, the stock market is for the long-term, not for the faint of heart.

re: #13 Charles

Gold up $36 an ounce.

That's good!
Cause that's what I DO have!
So, At what point should I sell it?
Or not!

Nobody panic! Remember this wonderful bailout bill is going to ensure the most important of all financial markets today. That's right...wooden toy arrow's. As long as those are in tact we will survive.

Good Allah on high wasn't this bailout supposed to prevent a financial meltdown and that was why it was so urgent?

re: #27 Who Watches the Watchmen?

Oops. I made the mistake of looking at my 401(k) and threw up in my mouth a little.

Not even going to look at mine.

I think we'll bottom at 8000 or so but who knows. Stash your money in gold or a brokerage account. Wait for the dust to settle then pick through the carnage for value companies.

re: #31 reloadingisnotahobby

Not.

re: #32 Dream

Nobody panic! Remember this wonderful bailout bill is going to ensure the most important of all financial markets today. That's right...wooden toy arrow's. As long as those are in tact we will survive.

Good Allah on high wasn't this bailout supposed to prevent a financial meltdown and that was why it was so urgent?

Maybe that's what the public thought, but it's only the beginning.

Posted the following in the thread below, just as this thread appeared It bears repeating:

Its interesting, isn't it, that the same MSM who can't find anything bad on B0 are also incapable of finding out who exactly has unleashed this unprecedented raid on the world economy.

Its not just the sub-prime banking crisis - that has been going on for a good year now, and has already led to a state bail-out and nationalisation of one bank here in the UK one year ago!
Other international banks (UBS, for example) were caught in it earlier this year - so why this collapse across the banking industry, across the board in the industrialised countries?

Its not just because of politics (i.e. liberal fascist love a crisis), there's gotta be more to it, or rather: more than just a few semi-public figures lining their pockets.

It is deeply regrettable that there don't seem to be any business journalists willing to dig deeper - all we get, across the board, is wailing and gnashing of teeth, and of course blaming the politicians ...

We deserve better, I think!

/So, which of these things did you NOT think would happen when you woke up this morning:

A) The markets would plummet 700+ points.

B) CNN would call Bill Ayers a terrorist.

Me, too.

re: #17 USCMSNE

Thank God for tax breaks on Wooden Arrows! There's no telling how bad this could have been without those incentives.

/Do I really need to sarc this?/

I think not.

We have a horrific number of really over-leveraged banks and so forth in the US. That is actually the good news. The bad news is that the leverage of the banks, etc. is around 4 to 5 times ours. Levers work both ways. When things are going up, they make them appear to go up faster. When things are going down, the same thing happens. Iceland is probably no in default on everything on a mark to market model. On mark to market, I suspect that there are a lot of insolvent European things. The EU has not risen to the challenge. It will be bad here, but worse there.

This too shall pass. But I really wish to extend my thanks to my very own congressobject Farney Bank (sic) for his excellent work on FNM and FRE that lead the charge into the sub-prime mess. Somehow, I do not think that electing a marrionette as president will help this in the least.

re: #32 Dream

Good Allah on high wasn't this bailout supposed to prevent a financial meltdown and that was why it was so urgent?

Bush commented this morning that we won't see the benefits from the bailout all at once. He says it's going to take time.

Well, gee golly, doggone it, doncha know that took a lot of insigth to make that statement. Idiots.

I wonder what the Lord Humongous's advice would be in this situation?

re: #35 Irene NYC

Not.

I guess the other ?
At what point do I work my ASS off to find more?
I'm a little long in the tooth for that kind of work!
LOL

We are taking on too much water to bail out.

If you have any dry powder, be ready to shoot.

The markets WILL stabilize. That will offer buying opportunities.

/I have no idea where the bottom is and have the losses to prove it.

re: #17 USCMSNE

/Well, but the taxes on wooden arrows were 39 cents, making a 30-cent arrow 69 cents...something had to be done.

re: #41 Shr_Nfr

But I really wish to extend my thanks to my very own congressobject Farney Bank (sic) for his excellent work on FNM and FRE

Hey, he couldn't help it, the "pillow talk" had him all bewitched and bewildered.

Oh well, I'm not retiring for 45 years anyway and a large portion of my 401K is in a VERY conservative savings-type account, with only about 25% in stocks... The portion in stocks has dropped 5K in a week...

Buy now.

Don't have the numbers handy, but in verbage....

It tooks many years (decades?) for the stock market to get back to it's (at the time) inflated 1929 levels. I want to say like 20 years.

But on the other hand, if you bought stocks in 1932, you made out pretty good.
Not saying we are headed for anything at all like a depression, but I would consider buying soon if you are 20 or more years away from retirement.

re: #37 buzzsawmonkey

CRAzy
--with apologies to Willie Nelson and Patsy Cline

CRAzy
I'm CRAzy for feeling so panicked
I'm CRAzy
CRAzy for feeling so blue

Although
For a while you can cheat economics
There is someday
That a big nasty bill will come due

Worry
Why do I let myself worry
I'm sure
I can push a bailout through

CRAzy
For fearing my role would be told true
I was CRAzy for buyin'
And I'm CRAzy with lyin'
And I'm CRAzy
To place blame on you

I remember when Rush would play Crazy whenever he talked about Ross Perot.

re: #23 Dirk Diggler

thedopefishlives,

To a certain extent, yes. There were plenty of dumb borrowers and greedy lenders in the sub-prime mortgages market though. These problems aren't all because of Fannie Mae and Freddie Mac.

Actually, my point was more to the effect of the "financial bailout package" that got passed over the weekend. I strongly disagree with the basic premise of the bailout, and I find it rather ironic that the markets are reacting negatively even when the House has passed the bill.

Maybe we should take those wooden toy arrows and play 'spear and magic helmet!' with a few of these idiots. God. What part of 'representative' don't they understand?

re: #17 USCMSNE

Only problem - you can't shoot wooden arrows through the Sarah-Cuda.

re: #43 Kragar (Proud to be Kafir)

I wonder what the Lord Humongous's advice would be in this situation?

Heh. I was just explaining to two unarmed liberal friends over lunch that if things got really bad, my plan was to show up with my Mossberg, take their stuff and their wives, and become a Mad Max-style warlord.

Guess I need to stop at Wal-Mart on the way home and pick up some ammo--right after I stop at the military surplus store and buy some cases of MRE's.

I suggest you all start watch "Mad Max" and "The Road Warrior" 'cause that might be our future real soon.

On a happier note, more methane is being release into the atmosphere from the warming oceans, and the Europeans want us all to limit our beef and diary intake (Soylent Green, anyone?) Maybe the Mayans have it rigth about 2012.

Drink up, gang!

re: #30 Florida Lady

But, but, but . . . the bailout was supposed to keep this from happening!

Without the bail out I think we would have lost an awful lot more.

As it is, I think we will get 2 more drops like this coming before it bottoms out

The Eurozone is taking a beating.

The markets are wildly volatile. Bargains galore, if you have the nerve.

re: #23 Dirk Diggler

thedopefishlives,

To a certain extent, yes. There were plenty of dumb borrowers and greedy lenders in the sub-prime mortgages market though. These problems aren't all because of Fannie Mae and Freddie Mac.

Moral hazard, anyone?

Putin has the oil money to cause this

re: #39 arethusa

The past...not related to today?
Hummm?
All depends on who's dog they're beating!

re: #41 Shr_Nfr

Sorry, but I dropped European before the bad news comment. The European banks like Ing, Barclays, etc. are leveraged around 40 or 50 to 1.

re: #33 Ward Cleaver

Not even going to look at mine.

same here. what's the point? it's not going to be good news....

re: #57 godfrey

The Eurozone is taking a beating. The markets are wildly volatile. Bargains galore, if you have the nerve.

You mean if you have any money.

The man that may have paid for Obama's Harvard eduction, Dr. Khalid Al-Mansour, published a nice book in 1990 - Challenges of Spreading Islam in America and Other Essays

re: #54 Occasional Reader

Heh. I was just explaining to two unarmed liberal friends over lunch that if things got really bad, my plan was to show up with my Mossberg, take their stuff and their wives, and become a Mad Max-style warlord.

Get a hockey mask and a loud speaker and show up at their house. "Just walk away. Nobody has to die. Leave the food and women. Just walk away."

/

re: #39 arethusa

/So, which of these things did you NOT think would happen when you woke up this morning:

A) The markets would plummet 700+ points.

B) CNN would call Bill Ayers a terrorist.

Me, too.

I'll take "B" for $100, Alex.

re: #63 Walter L. Newton

Well, there is that, yes.

Time to jump out the window!

Oh, wait, I'm on the first floor.

just seen this on fox good idea that bailout huh?

Wasn't the bailout supposed to calm fears, stabilize the market, and prevent a huge sell-off?

Yeah, that was a trillion well spent.

re: #53 Cap'n DOC

Only problem - you can't shoot wooden arrows through the Sarah-Cuda.

/I'm not sure even silver bullets work with that one.

Should I be out shopping for an applecart?

re: #53 Cap'n DOC

Only problem - you can't shoot wooden arrows through the Sarah-Cuda.

That's actually pretty funny. I've been looking into buying a Fred Bear or PSE bow, recently. Somehow, I must have overlooked this gem!

re: #41 Shr_Nfr

Exactly. Obama will just be a puppet of the Schumers, Franks, Dodds, and Pelosis. He himself hasn't a clue.

re: #68 acwgusa

Time to jump out the window!

Oh, wait, I'm on the first floor.

A kinder, gentler 'jump out the window'...

re: #68 acwgusa

Time to jump out the window! Oh, wait, I'm on the first floor.

I'm in a garden apartment. Maybe I'll just stick my head out the window and have someone walk on it.

700 points?!?!?!?!?!

Orphaned orangutans!

Most of the greatest generation--who fought & won WWII for us--also survived the Great Depression.

Please lizards don't lose your minds, get a grip, we need you in the foxhole.

We are the fundamentals of this economy and we have to stay SOUND!

If we're here blogging at Charles' house, the world hasn't gone to hell yet.

re: #68 acwgusa

Time to jump out the window!

Oh, wait, I'm on the first floor.

Throw yourself under Obama's bus!

/yeah, that's it!

It's time to raise taxes!
/Obama

re: #69 JimmyTheClaw

just seen this on fox good idea that bailout huh?

Especially rushing it thru despite massive public outcry not to. Of course now that they have the money, Bush says, "We don't want to rush into the situation and have the program not be effective."

Made sure you got the money first though, didn't you?

It's nice how less than 24 hours after the last draft of the bill was voted down, the market practically recovered from a 777 point loss with a rapid upward swing. Now that this bill has been approved, we are in free fall. I thought it was supposed to save us? I think the slide is people getting the hell out of the Socialist markets.

re: #76 Walter L. Newton

I'm in a garden apartment. Maybe I'll just stick my head out the window and have someone walk on it.

Crunch!

Ow!

re: #79 Ward Cleaver

Throw yourself under Obama's bus!

/yeah, that's it!

I'm too fat.

/Big Ol' Speed bump.

re: #56 3 wood

Without the bail out I think we would have lost an awful lot more.

As it is, I think we will get 2 more drops like this coming before it bottoms out

Capitulation?

btw, here is part of McCain's speech today. Looks like the gloves are off:

My opponent has invited serious questioning by announcing a few weeks ago that he would quote — “take off the gloves.” Since then, whenever I have questioned his policies or his record, he has called me a liar.

Rather than answer his critics, Senator Obama will try to distract you from noticing that he never answers the serious and legitimate questions he has been asked. But let me reply in the plainest terms I know. I don’t need lessons about telling the truth to American people. And were I ever to need any improvement in that regard, I probably wouldn’t seek advice from a Chicago politician.

My opponent’s touchiness every time he is questioned about his record should make us only more concerned. For a guy who’s already authored two memoirs, he’s not exactly an open book. It’s as if somehow the usual rules don’t apply, and where other candidates have to explain themselves and their records, Senator Obama seems to think he is above all that. Whatever the question, whatever the issue, there’s always a back story with Senator Obama. All people want to know is: What has this man ever actually accomplished in government? What does he plan for America? In short: Who is the real Barack Obama? But ask such questions and all you get in response is another barrage of angry insults.

He needs to continue hamering these points over and over!

Good on ya, Johnny Mac and team!

Greedy lenders normally have no interest in lending to dumb borrowers.

Normally yes. Markets, while often the optimal solution, are not infallible though. Half of sub-prime loans came from those mortgage companies beyond the reach of CRA.

re: #78 alegrias

Most of the greatest generation--who fought & won WWII for us--also survived the Great Depression.

Please lizards don't lose your minds, get a grip, we need you in the foxhole.

We are the fundamentals of this economy and we have to stay SOUND!

If we're here blogging at Charles' house, the world hasn't gone to hell yet.

I don't think any of us are panicking and/or saying we're not going to make it.

It's just highly annoying to have to sit and watch this train wreck take place, and slightly worrying to see the empty suits in Washington doing all the WRONG things to fix it.

re: #80 Killgore Trout

It's time to raise taxes!
/Obama

And rewrite loads of privately-negotiated contracts!
/Biden

In these kinds of situations, you better stock up on sheep.

So?
Most of the B.S. ear mark(PORK)
Was in the form of tax relief.....
Just how many fortune 500 corp make wooden arrows?
Wool research?
I had no idea....Really , none!

The Exploding Banana Mask

re: #81 Kragar (Proud to be Kafir)

Especially rushing it thru despite massive public outcry not to. Of course now that they have the money, Bush says, "We don't want to rush into the situation and have the program not be effective."

Made sure you got the money first though, didn't you?

Why didn't they just give us the $700b, and let us spend it?

re: #54 Occasional Reader

Heh. I was just explaining to two unarmed liberal friends over lunch that if things got really bad, my plan was to show up with my Mossberg, take their stuff and their wives, and become a Mad Max-style warlord.

I am picking up a Mossberg Persuader this weekend. you likie?

Dow down 710 at 1430 EST.
Fox has an interesting article on it's healthblog by Dr. Keith that says the economic depression is synonymous with Clinical Depression. I had lunch with a friend who is a Clinical Psychologist and she said we need to bare monitoring the suicide rates. She is treating double the number of patients with depression in the last six months due to the current state of financial debacle of our economic environment.
YIKES!

re: #78 alegrias

Most of the greatest generation--who fought & won WWII for us--also survived the Great Depression.

Please lizards don't lose your minds, get a grip, we need you in the foxhole.

We are the fundamentals of this economy and we have to stay SOUND!

If we're here blogging at Charles' house, the world hasn't gone to hell yet.

What the fuck? I haven't seen any desperation here. Most of the comments have been satirical and humorous. Geeeeshhhh.

re: #72 unrealizedviewpoint

Should I be out shopping for an applecart?

Well, I think my next career will involve wearing a paper hat and saying "would you like fries with that?"

re: #91 reloadingisnotahobby

So?
Most of the B.S. ear mark(PORK)
Was in the form of tax relief.....
Just how many fortune 500 corp make wooden arrows?
Wool research?
I had no idea....Really , none!

I heard on Saturday that $100b was added, most of it tax breaks, like a tax deduction for R&D expenses.

re: #93 Ward Cleaver

Why didn't they just give us the $700b, and let us spend it?

I'd buy a Polaris Missile, and threaten San Francisco.

re: #92 Killgore Trout

I totally approve.

re: #78 alegrias

Most of the greatest generation--who fought & won WWII for us--also survived the Great Depression.

Please lizards don't lose your minds, get a grip, we need you in the foxhole.

We are the fundamentals of this economy and we have to stay SOUND!

If we're here blogging at Charles' house, the world hasn't gone to hell yet.

Amen.

re: #99 acwgusa

I'd buy a Polaris Missile, and threaten San Francisco.

Actually, would 700b even buy a Polaris Missile these days?

re: #78 alegrias

Most of the greatest generation--who fought & won WWII for us--also survived the Great Depression.

Please lizards don't lose your minds, get a grip, we need you in the foxhole.

We are the fundamentals of this economy and we have to stay SOUND!

If we're here blogging at Charles' house, the world hasn't gone to hell yet.

Good observation.

I can't up-ding, so I'm quoting.

re: #87 Dirk Diggler

Half of sub-prime loans came from those mortgage companies beyond the reach of CRA.

But which could still be sent up the food chain to be packaged by Freddie/Fannie, securitized and rated "good as money". Without a "quasi-governmental" entity there as the Top Sucker (or so everyone believed), people would have paid a lot more attention to risk.

Damn speculators.

Financial Freefall?!
B...b...but...the bailout!

Washington to taxpayers: PWNED!

re: #57 godfrey

The Eurozone is taking a beating.

The markets are wildly volatile. Bargains galore, if you have the nerve.

* * *
Opportunity is knocking: (somewhere)

"more than 4,000 attend D.C. auction of area foreclosures" of 450 foreclosed properties this weekend.

"...Real Estate Disposition Corp President Jim Corum said auctions were a good way to atempt to asuage the country's housing crisis.
...It's one of the easiest ways to sell real estate..."

dcexaminer.com of today

re: #100 godfrey

The one at 1:45 is my favorite.

I just got some junk mail. It's an offer from the US Government for a low interest rate Platinum Card. It's got a little holographic picture of George Bush and an 800 number that lets you use the card to purchase stamps from the USPS.

This is incredible. Every three- four seconds I hit refresh brings a 40-50 point swing.

-753
-787
-742
-799
-763.

I've never seen fluctuations like that.

re: #93 Ward Cleaver

Why didn't they just give us the $700b, and let us spend it?

You're not qualified to spend your tax dollars.

re: #24 Ward Cleaver

No, just saw a snippet at lunchtine, on CNN.

'Bout a snippet is all I can take of CNN. Ugh, that network is painful to watch.

re: #59 Adrenalyn

Putin has the oil money to cause this

Don't forget our dear friends, the House of Saud. They have a lot more ill-gotten gains than Putin, as great an oil-tick that he is.

re: #86 Florida Lady

Is that for real? That's awesome!

re: #99 acwgusa

I'd buy a Polaris Missile, and threaten San Francisco.

What's the waiting period on a Polaris? Seven days with background check? Same go for the Poseidons and Tridents?

re: #64 faraway

The man that may have paid for Obama's Harvard eduction, Dr. Khalid Al-Mansour, published a nice book in 1990 - Challenges of Spreading Islam in America and Other Essays

* * *
Thread worthy Charles Please!

re: #99 acwgusa

I'd buy a Polaris Missile, and threaten San Francisco.

I think if I had one, I might just skip the threatening step (and I live here). Perhaps it might be time for me to move, given my feelings about the area.

re: #86 Florida Lady

About time!

re: #30 Florida Lady

But, but, but . . . the bailout was supposed to keep this from happening!

/

I don't even want to look at my 401k right now.

Patience, patience. As my dad has always said, the stock market is for the long-term, not for the faint of heart.

True, unless your retired or looking to retire.This is a major problem; the bailout does not fix the fundamental flaws with the current financial system. It is like taking a patient to the hospital with a deep knife wound and they keep putting gauze on the wound until the blood stops without closing the wound. The bleeding will continue until the wound is closed or until the patient dies.

Down 800pts

You guys need to eat lunch at George's.

Motto: "Business is great. People are terrific. Life is wonderful."

re: #94 Vergeltung

Approved!
Priced right and never fails!

re: #94 Vergeltung

I am picking up a Mossberg Persuader this weekend. you likie?

IIRC the "Persuader" name refers to both the 500 and 590? I have the latter. It cost a little more, but is "milspec" because it was adopted by USMC, so I figured the extra was worth it. I can't say I've torture-tested it, but so far no complaints at all.

that 700 billion could have been put to good use

buy out the entire MSM
nuke Berkeley, SF and Hollywood

give 10,000 to each person that paid at least 5,000 in taxes last year

re: #110 Walter L. Newton

I just got some junk mail. It's an offer from the US Government for a low interest rate Platinum Card. It's got a little holographic picture of George Bush and an 800 number that lets you use the card to purchase stamps from the USPS.

Why get just a credit card? Invest in Strategery , too!

I am SOOO bummed I didn't get to the Palin rally here in Ft Myers. I had some clients coming from No Carolina today and I had to see them today, as this was their only availalbe day.

Over the weekend, they had to move the rally from the original arena that only seated 5,000 or so to one that seated 9,000.

The scuttlebutt now is that they cannot fit everyone in who has a ticket. They are having to turn away people.

re: #92 Killgore Trout

Hey, isn't that one of Obama's economic advisors?

re: #115 Who Watches the Watchmen?

Is that for real? That's awesome!

For real!

It's all Chimpy McHitler's fault. The newspaper told me so.

I got your October Surprise right here.

/I hate Alinsky.

re: #98 Ward Cleaver

I guess that's the premise of my ?
How many companies could there be to merit
that kind of relief?

re: #88 thedopefishlives

I know exactly how you feel. I want every single incumbent tossed out of the House and Senate right now. However, alegrias is quite right about not panicking - I'm seeing some comments that seem a bit hysterical to me.

I really don't know how to deal with this. I feel sick to my stomach, my heart is pounding, my hands are clammy, and I'm breaking out in a cold sweat.

I honestly don't know if I can deal with really, really, REALLY hard times. My life hasn't always been a bed of roses, but at least I wasn't trying to make a living during a depression.

re: #99 acwgusa

I can hear the clammering now - "Can we have K-Y with that"?

re: #93 Ward Cleaver

Why didn't they just give us the $700b, and let us spend it?

Because it's not just supposed to be money out the door. If the thing works, it's an investment that will be repaid.

Personally, I'd rather not just have the government acting as a mere recycler of my tax dollars, to the extent it can be avoided.

re: #111 NC State of Mind

This is incredible. Every three- four seconds I hit refresh brings a 40-50 point swing.

-753
-787
-742
-799
-763.

I've never seen fluctuations like that.

Sounds like computerized trading to me.

re: #127 Florida Lady

I am SOOO bummed I didn't get to the Palin rally here in Ft Myers. I had some clients coming from No Carolina today and I had to see them today, as this was their only availalbe day.

Over the weekend, they had to move the rally from the original arena that only seated 5,000 or so to one that seated 9,000.

The scuttlebutt now is that they cannot fit everyone in who has a ticket. They are having to turn away people.

we have 2 condos in Ft myers beach, hows the property market, im guessing not so good.

OR,

But which could still be sent up the food chain to be packaged by Freddie/Fannie, securitized and rated "good as money". Without a "quasi-governmental" entity there as the Top Sucker (or so everyone believed), people would have paid a lot more attention to risk.

You're obviously a racist. Were you wearing a hood and robe when you typed that comment?

/

Here's some good news! Apparently we need another 5 Trillion Dollars for it to really work.

I hope McCain with watch and study this.

AND MEMORIZE IT.

It is an informative look at who fought to prevent the subprime mortgage meltdown with tighter regulations, and who did not.

This should be as popular as the stupid 'loose change' video was.

IMO We need to spread it around as much as possible. McCain should be mentioning it during every speech.

just seen a 527 add mention the ole rev wrong

re: #114 FurryOldGuyJeans

Don't forget our dear friends, the House of Saud. They have a lot more ill-gotten gains than Putin, as great an oil-tick that he is.

and Iran sadly has money to burn also

the oil ticks (and Putin is now one)
know we have to use oil no matter how bad the economy

why o why did George Bush not use the food card
and raise the price of food to the oil ticks
when the price of oil went up

that 700 billion could also go a long way towards making us energy independent

how many freaking wind farms would that make in the plains ?

re: #81 Kragar (Proud to be Kafir)

Especially rushing it thru despite massive public outcry not to. Of course now that they have the money, Bush says, "We don't want to rush into the situation and have the program not be effective."

Made sure you got the money first though, didn't you?

* * * *
Yes--You have to buy insurance and have a plan and yet you STILL can have catastrophic events happen.

Having plans and insurance don't PREVENT bad things from happening--they're supposed to help deal with consequences.

re: #134 Tigger2005

//////Don't worry. Obama will save us all.

re: #145 arethusa

//////Don't worry. Obama will save us all.

I suppose the messiah will turn toxic paper into real assets.

re: #86 Florida Lady

Outstanding. It's about time. He should bring it in the next debate also.

re: #92 Killgore Trout

The Exploding Banana Mask

A poetic image of the US Congress at work!

I question the timing.

Palin brings up Ayers.

CNBC's Cramer says "its time to get out of the market"

Market tanks.

Media talks about the market instead of Ayers.

re: #123 reloadingisnotahobby

Approved!
Priced right and never fails!

yeah, I thought it looked right. just need something for upstairs, and, it has a nice pistol grip option accessory as well. thanks for the feedback! :)

re: #138 pegcity

we have 2 condos in Ft myers beach, hows the property market, im guessing not so good.

It's seems to be leveling out some.

Regardless, SW Florida is still a beautiful place to live.

This is more frightening than the Dow......

And the Bank runs will start when? People can transact by computerized transfers just as well as trade stocks!

re: #143 Adrenalyn

Wind Farms? Screw Wind Farms! Put a Geothermal Tap over Congress and let their hot air power us forever!

-600.06

re: #47 arethusa

/Well, but the taxes on wooden arrows were 39 cents, making a 30-cent arrow 69 cents...something had to be done.

Actually, that silly assed excise tax was hurting American manufactures who saw their sales drop 40% when people started buying imported arrows that were not taxed. I personally, don't view the end of an excise tax as a bad thing. It costs American companies sales and jobs.

Looks like I picked a heck of a day to quit drinkin'

re: #120 WhatDoIKnow

True, unless your retired or looking to retire.This is a major problem; the bailout does not fix the fundamental flaws with the current financial system. It is like taking a patient to the hospital with a deep knife wound and they keep putting gauze on the wound until the blood stops without closing the wound. The bleeding will continue until the wound is closed or until the patient dies.

If you're retired or looking to retire you shouldn't be in the markets anyway...especially pure equities.

So, here's a few of my thoughts about the economic situation. We're witnessing a correction in the global markets, and bad news is all that anyone is getting. We're going to see more days like today, though it's possible that tomorrow will see a modest up day as folks scramble for good buys (everything gets hammered on days like today, regardless of whether it's warranted or not).

As for the political situation, the less the government does, the better - they made a bad situation worse by pushing for subprime lending and lax accounting rules at Freddie and Fannie. The bailout doesn't address underlying problems.

And the Europeans are actually in worse shape than the US.

So, what markets are left that are 'free' from regulatory that we can invest in?

Jim Cramer is acting straight and somber and it's freaking me out.

Drudge is now blinking. Is that new?

re: #124 Occasional Reader

IIRC the "Persuader" name refers to both the 500 and 590? I have the latter. It cost a little more, but is "milspec" because it was adopted by USMC, so I figured the extra was worth it. I can't say I've torture-tested it, but so far no complaints at all.

that one I was looking at at Dick's Sporting Goods here in town was $399. sound like yours or the other one? (I had my girls with me buying all sorts of sports gear for their school sports this year, so, I had the time & concentration ability of a gnat on crack).

re: #99 acwgusa

I'd buy a Polaris Missile, and threaten San Francisco.

And what, throw it at them?

re: #154 acwgusa

Wind Farms? Screw Wind Farms! Put a Geothermal Tap over Congress and let their hot air power us forever!

& it won't kill as near as many bats.

re: #151 Florida Lady

i like it down there. too hot in summer though

re: #134 Tigger2005

I really don't know how to deal with this. I feel sick to my stomach, my heart is pounding, my hands are clammy, and I'm breaking out in a cold sweat.

I honestly don't know if I can deal with really, really, REALLY hard times. My life hasn't always been a bed of roses, but at least I wasn't trying to make a living during a depression.

Yes, you can. Life during a depression is survivable, even if it is unpleasant. My hometown had a an economic depression in 1982-83. We had 26% unemployment, and the steel mills were closed. Somehow, we all got through it, and the town managed to grow over the next 25 years. I still remember people wandering the hallways of both malls with nothing else to do.

re: #140 Egfrow

Here's some good news! Apparently we need another 5 Trillion Dollars for it to really work.

Wait, lemme check my wallet...

Can we blink too?

Some one correct me if I have this wrong, but didn't George Soros orchestrate banking disasters with the Bank of England and France in the 1980's? I know I have heard his stated goal was to wreak economic hardship on America; is it possible he is contributing to the market instability in some way? This scenario would fit right in to his long term "Socialism by crisis" plans. i.e. the Cloward-Piven Strategy.

re: #111 NC State of Mind

This is incredible. Every three- four seconds I hit refresh brings a 40-50 point swing.

-753
-787
-742
-799
-763.

I've never seen fluctuations like that.

I was working on a major trading desk during the '87 crash and have been in the financial biz through some large downdrafts (and updrafts). There's nothing new under the sun.

re: #162 faraway

Drudge is now blinking. Is that new?

What?

re: #170 tutor turtle

he shorted the pound, caused it to crash in value

Can we blink now?

re: #167 Honorary Yooper

Yes, you can. Life during a depression is survivable, even if it is unpleasant. My hometown had a an economic depression in 1982-83. We had 26% unemployment, and the steel mills were closed. Somehow, we all got through it, and the town managed to grow over the next 25 years. I still remember people wandering the hallways of both malls with nothing else to do.

Yeah, but the whole world wasn't in a depression at the same time. It was localized.

re: #170 tutor turtle

Some one correct me if I have this wrong, but didn't George Soros orchestrate banking disasters with the Bank of England and France in the 1980's? I know I have heard his stated goal was to wreak economic hardship on America; is it possible he is contributing to the market instability in some way? This scenario would fit right in to his long term "Socialism by crisis" plans. i.e. the Cloward-Piven Strategy.

Man, you are feeding my paranoia.

re: #171 Uncle Joe

do u have a series 7?

re: #136 Occasional Reader

Because it's not just supposed to be money out the door. If the thing works, it's an investment that will be repaid.

Personally, I'd rather not just have the government acting as a mere recycler of my tax dollars, to the extent it can be avoided.

I know, I heard Rep. John Campbell explaining it last week on Hugh Hewitt's show. They're hoping to make money on the deal, in the long run.

I guess not. Hamsters won't allow blinking.

re: #173 pegcity

he shorted the pound, caused it to crash in value

Soros

Our current economic crisis is a good case in point. What was his actual record in the years before the great economic crisis of our lifetimes?

This crisis started in our housing market in the form of subprime loans that were pushed on people who could not afford them. Bad mortgages were being backed by Fannie Mae and Freddie Mac, and it was only a matter of time before a contagion of unsustainable debt began to spread. This corruption was encouraged by Democrats in Congress, and abetted by Senator Obama.

Senator Obama has accused me of opposing regulation to avert this crisis. I guess he believes if a lie is big enough and repeated often enough it will be believed. But the truth is I was the one who called at the time for tighter restrictions on Fannie Mae and Freddie Mac that could have helped prevent this crisis from happening in the first place.
Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in. As recently as September of last year he said that subprime loans had been, quote, “a good idea.” Well, Senator Obama, that “good idea” has now plunged this country into the worst financial crisis since the Great Depression.

To hear him talk now, you’d think he’d always opposed the dangerous practices at these institutions. But there is absolutely nothing in his record to suggest he did. He was surely familiar with the people who were creating this problem. The executives of Fannie Mae and Freddie Mac have advised him, and he has taken their money for his campaign. He has received more money from Fannie Mae and Freddie Mac than any other senator in history, with the exception of the chairman of the committee overseeing them.

Did he ever talk to the executives at Fannie and Freddie about these reckless loans? Did he ever discuss with them the stronger oversight I proposed? If Senator Obama is such a champion of financial regulation, why didn’t he support these regulations that could have prevented this crisis in the first place? He won’t tell you, but you deserve an answer.

John McCain

[Link: hotair.com...]

re: #125 Adrenalyn

Does that count my property tax?re: #134 Tigger2005

I really don't know how to deal with this. I feel sick to my stomach, my heart is pounding, my hands are clammy, and I'm breaking out in a cold sweat.

I honestly don't know if I can deal with really, really, REALLY hard times. My life hasn't always been a bed of roses, but at least I wasn't trying to make a living during a depression.

Go home. Go to bed early.

Get up in the morning.

Hmm, I feel in a very very very small way responsible. I took out a loan on my retirement fund, but not because of panic, just cause we're broke right now. (But no mortage, not that dumb.) Hope they didn't have to sell anything for that 3k...

re: #96 Walter L. Newton

What the fuck? I haven't seen any desperation here. Most of the comments have been satirical and humorous. Geeeeshhhh.

Dow down almost 700? That's it, call the suicide hotline! I'm jumping out the window (Of my ranch house).

Al-Qaida: US economic crisis equals Muslim victory

In a half hour video message, California-native Adam Gadahn urged Pakistanis to unite against their government and U.S. forces, and taunted Americans over their economic crisis, relating it to their military interventions.

"The enemies of Islam are facing a crushing defeat, which is beginning to manifest itself in the expanding crisis their economy is experiencing," said Gadahn, in a clip of the message distributed by the SITE Intelligence Group, a Washington-based monitor of militant Web sites.

"A crisis whose primary cause, in addition to the abortive and unsustainable crusades they are waging in Afghanistan, Pakistan, and Iraq, is their turning their backs on Allah's revealed laws, which forbid interest-bearing transactions, exploitation, greed and injustice in all its forms."

This OT and seems small in light of the Financial Meltdown but I just recieved this:

Obama 'explains':

Hot on the heels of his explanation for why he no longer wears a flag pin,
Presidential candidate Senator Barack Obama was forced to explain why he
Doesn't fo llow protocol when the National Anthem is played.

According to the United States Code, Title 36, Chapter 10, Sec. 171,
During rendition of the national anthem when the flag is displayed, all present
Except those in uniform are expected to stand at attention facing the flag
With the right hand over t he heart.

'As I've said about the flag pin, I don't want to be perceived as taking
Sides,' Obama said. 'There are a lot of people in the world t O whom the
American flag is a symbol of oppression. And the anthem itself conveys a
War-like message. You know, the bombs bursting in air and all. It should
Be swapped for something less par ochial and less bellicose. I like the song 'I'd Like to Teach the World to Sing.' If that were our anthem, then I might salute it.'

i wonder if Soros has an underground Lair somewhere like doctor No

Crude closes at $87.81 a barrel.

re: #170 tutor turtle

Could be Soros is playing a role in this.
It's right up his alley, no?

re: #159 lawhawk

And the Europeans are actually in worse shape than the US.

Damned socialists.
What do you want to bet they'll blame George Bush and America for their own socialist failings...

You know, if Congress had just waited a couple of weeks, we could have bought every US bank for $700 billion.

re: #162 faraway

First time I have ever seen the blinking on Drudge

re: #140 Egfrow

Here's some good news! Apparently we need another 5 Trillion Dollars for it to really work.

Excellent news.

Why not just ahnd over all your possessions, and all your earnings, and let B0 and his cronies dole out to you what they think you deserve?

After all - they're politicians, they know better than you!

/

re: #185 Ozark Mountain Daredevil

Dow down almost 700? That's it, call the suicide hotline! I'm jumping out the window (Of my ranch house).

Careful, you could sprain an ankle doing that.

The answer is Sharia Financing.

re: #177 pegcity

do u have a series 7?

I did (along with a 9, 10, 24, 63 and a 65) but they expired after I went to work for a non-NASD money manager.

The Dems will play this one just like they did with Hoover, with likely the same outcome, I fear.

re: #175 Tigger2005

Yeah, but the whole world wasn't in a depression at the same time. It was localized.

Point is, it's survivable. As long as you have your life, your health, your family, and your friends, you are doing well, and can survive anything life or the market throws at you.

re: #181 Ben Hur

That's gonna leave a mark.

re: #188 pegcity

i wonder if Soros has an underground Lair somewhere like doctor No

Right here under Denver International Airport. Been there, nice place, great wine cellar.

re: #143 Adrenalyn

and Iran sadly has money to burn also

the oil ticks (and Putin is now one)
know we have to use oil no matter how bad the economy

why o why did George Bush not use the food card
and raise the price of food to the oil ticks
when the price of oil went up

that 700 billion could also go a long way towards making us energy independent

how many freaking wind farms would that make in the plains ?

I didn't mention Iran or Venezuela for the simple reason that neither country "likes" the US. We keep getting told how friendly the House of Saud is, and that rates a lot higher approbation in my book.

The thing is that all this yakkity-yak about alternative energy production is such a smoke and mirrors sleight of hand Ponzi scheme. Now that there is a general consensus to get off the teat of foreign oil the lawsuits against building those alternate energy production sites is getting "greened out" by environmental lawsuits or Congressional fiat. It was a "winner" when the idea was a fringe sect, but now that it has hit the main-stream it must be snuffed out.

And you actually think Congress could run an efficient energy alternative infrastructure, or let proven leaders in the field do so without interference? HA!

Safe Investments? It's time to rototill the plot of garden you have available and get some Heritage Arugula seed if you want to eat like the elite do.
Commodities will hold their relative value. People have to eat.

re: #181 Ben Hur

Hopefully, McCain will throw Obama off his game tomorrow and have him on bended knee, begging for his teleprompter.

So is oil prices dropping b/c the dollar is gaining value?

re: #170 tutor turtle

On days like this, I most certainly think of George Soros.

re: #162 faraway

Drudge is now blinking. Is that new?

yeah, simple .html tag. He's done it before.

Is Obama on the sidelines laughing, cheering and clapping?

re: #189 Jetpilot1101

Crude closes at $87.81 a barrel.

So much for half-price Ford Super Duties.

re: #193 thebull271

First time I have ever seen the blinking on Drudge

What blinking? I have Drudge in another tab and there is nothing blinking on his page.

re: #200 Ward Cleaver

That's gonna leave a mark.

If anybody gets the whole speech without the MSM filter.

Which only we will.

Ouch! Ouch! Ouch!

/make it stop

re: #205 thebull271

People with less money use less fuel. therefor less demand.

re: #186 Kragar (Proud to be Kafir)

I said this a week ago... This type of economic crisis is EXACTLY what Al Qaeda has always been looking for...

re: #197 Uncle Joe

thats alot of licenses, im just getting into the game now in canada, great timing.

we don't have anything as fancy as your system, our licensing is done by a private company who could care less about standards, you can basically buy a license, you can get all the test questions for 120 bucks in a test help pack.

What goes up must come down.

This has been due for a while, and isn't such a bad thing as it's made out to be.

Everybody invest in Hydronics and Greenhouses. Get your food growing skills up to speed. Gardening apparell will be all the new rage.

re: #201 Walter L. Newton

Right here under Denver International Airport. Been there, nice place, great wine cellar.

"No, Mr. Bond, I expect you to DIE."

re: #204 Florida Lady

Hopefully, McCain will throw Obama off his game tomorrow and have him on bended knee, begging for his teleprompter.

Can I have some of what you're on?

re: #209 Ward Cleaver

So much for half-price Ford Super Duties.

250 dollar oil my ass

There is a possible silver lining here. The poor economy usually helps the party out of power. However, with this much fear in the air and blood in the streets, will America elect an inexperienced far-left tax-raising gun-grabbing collectivist?

I certainly hope not.

Hello idiots, you have been trying to get something that isn't there;

We cannot all live on the efforts of others and do nothing ourselves;

which is what trying to make a buck trading in the market means;

so, reality check, now go do something actually productive.

I have spoken.

re: #201 Walter L. Newton

Right here under Denver International Airport. Been there, nice place, great wine cellar.

I thought that was Charles's place, under DIA. Soros's should be under Washington-Dulles.

re: #187 wright1

parody, right?

Obama introduces New Deal to save America.

Nationalize health insurance.

Put Bush and Cheney in jail.

All minorities will be given a new house and a new Caddy, plus $5,000 in spending money.

Non-minorities will be placed in work camps.

/

re: #218 Ward Cleaver

"No, Mr. Bond, I expect you to DIE."

Nope, I've never seen a Bond movie, not in my 55 years.

re: #222 Ojoe

Hello idiots, you have been trying to get something that isn't there;

We cannot all live on the efforts of others and do nothing ourselves;

which is what trying to make a buck trading in the market means;

so, reality check, now go do something actually productive.

I have spoken.

. . . Like an idiot

re: #197 Uncle Joe

I did (along with a 9, 10, 24, 63 and a 65) but they expired after I went to work for a non-NASD money manager.

I have my 7,63 and 65 and Insurance license...I am considering getting the 31 and maybe even my LRPC.

re: #196 Ben Hur

The answer is Sharia Financing.

Lots of places I see in Queens with Sharia Financing information in front of their homes.

re: #217 LizardoidCaptain

Everybody invest in Hydronics and Greenhouses. Get your food growing skills up to speed. Gardening apparell will be all the new rage.

Keep stockpiling ammo and watch for your neighbors who are gardening. I aint going hungry.

/

re: #222 Ojoe

what so you think there's something wrong with a 90 grand a year employee making a 1.5 million dollar bonus?

re: #205 thebull271

So is oil prices dropping b/c the dollar is gaining value?

I think oil is dropping b/c there is a nasty recession on the horizon, as indicated by stock prices over the past several weeks (not to mention today), and also b/c the dollar is firming

re: #222 Ojoe

Hello idiots, you have been trying to get something that isn't there;

We cannot all live on the efforts of others and do nothing ourselves;

which is what trying to make a buck trading in the market means;

so, reality check, now go do something actually productive.

I have spoken.

Stupid is as stupid does.

re: #219 unreconstructed rebel

Can I have some of what you're on?

Okay, I'll bite. Why did you say that?

re: #224 nikis-knight

parody, right?

Not sure - I got it from my Mother-in-law who said it was authentic

re: #198 rawmuse

The Dems will play this one just like they did with Hoover, with likely the same outcome, I fear.

Yes, and people forget that most of FDR's New Deal prolonged the Great Depression, did nothing to end it, and did precious little to alleviate the suffering from it. Only a World War which gave our manufacturing a massive shot in the arm turned our economy around. Nowadays we have no manufacturing. We make little, export even less, and depend on other countries for virtually everyhting we consume (including food). This could be far worse than the Great Depression. I hope not, of course.

My broker had this glazed look on his face before he threw himself out the window.

C'mon, puns and tom swifties make great ice breakers at an End of the World Party!

I have a theory--and correct me if I am wrong--but this week's meltdown is due to the Bill signed into law on Friday. The overseas markets--where a lot of our own mortgage-backed securities are traded--saw the bail-out pass and then freaked because they had proof that their confidence in those same securities were misplaced--hence the sell-off.

re: #223 Honorary Yooper

I thought that was Charles's place, under DIA. Soros's should be under Washington-Dulles.

Shhssshhhh. I was trying to set them off on a wild goose chase. Now you gave it all away. Bad Intelliegence, Bad.

re: #217 LizardoidCaptain

Everybody invest in Hydronics and Greenhouses. Get your food growing skills up to speed. Gardening apparell will be all the new rage.

Start growing weed.

re: #230 Kragar (Proud to be Kafir)

Keep stockpiling ammo and watch for your neighbors who are gardening. I aint going hungry.

/

I'm set. I woke up the other day to find two huge deer grazing on my garden. When the time comes . . .

re: #211 Ben Hur

If anybody gets the whole speech without the MSM filter.

Which only we will.

McCain needs to hammer that in the debate, with specifics (what bills McCain sponsored or supported).

re: #220 pegcity

250 dollar oil my ass

And my prediction comes true. Oil under $100/bbl before the end of the year. Take that, Lehman Bros, take that, Goldman Sachs!

/Oh, wait, they're out of business or in deep shit.

re: #210 Walter L. Newton

What blinking? I have Drudge in another tab and there is nothing blinking on his page.

First line, "Dow plunges" ..

re: #167 Honorary Yooper

Great comment, there are several areas here in the USA that had those kinds of unemployment and plant closures and have not recovered yet, 20 years later. I live in one of them, housing prices stayed roughly unchanged for years or even decades, but we soldiered on and gradually, slowly, businesses formed and things eventually improved. I'm a bit angry though that a once every 5 years property tax reassessment valued housing at the unrealistic recent highs and raised taxes accordingly. Seems like local and state government will come out smelling like a rose while everyone struggles to pay taxes on un-resalable housing.

Ow. Lost 20% today.

re: #5 Occasional Reader

racist!
/sarcasm

re: #181 Ben Hur

Woot!

That's the best message he's put out. Absolutely factual, and it asks all the right questions.

I'd like to see more about Ayers, but the economy is all anyone's going to ask about for the next week, anyway. So, good for McCain!

Well, it's now below 800 because of Politicaly induced panicing.

re: #175 Tigger2005

Yeah, but the whole world wasn't in a depression at the same time. It was localized.

Tigger, don't worry about what may or may not happen.
One day at a time.
You have a lot of inner strength, I think, which means you'll be okay. Really.

re: #187 wright1

Is that for real?
Seriously?

If it's true, that oughta be the Mother of All Swiftboats.
And not a nanosecond too soon.

re: #239 Ben Hur

Start growing weed.

Takes too much electricity. Grow shrooms instead.

re: #239 Ben Hur

Start growing weed.

Nah, then Obama will be hanging around, wanting to bum some.

re: #181 Ben Hur

Now, if he would say this sort of thing in the debate - repeatedly, and repeatedly at every opportunity.

re: #239 Ben Hur

Start growing weed.

That just makes you more hungry.

re: #215 pegcity

In a way you're better off if you're just starting because, in the midst of all this financial wreckage, there are going to be a lot of opportunities there might not have been otherwise. Also, experience can be a big help but it can also be baggage as far as limiting the types of jobs you can get and giving a salary level that scares off employers. How's that for looking on the bright side? :-)

re: #227 Creeping Eruption

Not at all.

This is an artificial crisis.

Look out the window, do you see anything real vanishing?

If you put siding on a house, and paint it, do the boards disappear and reappear according to the numbers of the market?

This world is foolishness on stilts.

re: #170 tutor turtle

Some one correct me if I have this wrong, but didn't George Soros orchestrate banking disasters with the Bank of England and France in the 1980's? I know I have heard his stated goal was to wreak economic hardship on America; is it possible he is contributing to the market instability in some way? This scenario would fit right in to his long term "Socialism by crisis" plans. i.e. the Cloward-Piven Strategy.

[Link: news.bbc.co.uk...]

OT:

Well, maybe the gloves are now off in the McCain camp. I saw a few minutes ago on Seattle area Comcast cable FNC (channel 48) an advert highlighting the Trifecta of Obama Associates:

Rezko, Ayers, and Wright.

It was a quick over-view, but it certainly did get to the meat on the bone about who the O finds acceptable to be pals with.

I didn't notice if the advert was approved by McCain and put out by the McCain campaign, but it sure should have been.

re: #231 pegcity

what so you think there's something wrong with a 90 grand a year employee making a 1.5 million dollar bonus?

Wow... And here I thought I was doing OK making 90K a year with a paltry 8K bonus...

re: #234 Florida Lady

In fact, I am hoping with you. But, at the moment, I am too stunned to share in you optimism. Hence the "I want some too"

re: #19 tfc3rid

Oh well, I'm not retiring for 45 years anyway and a large portion of my 401K is in a VERY conservative savings-type account, with only about 25% in stocks... The portion in stocks has dropped 5K in a week...

Well, bully for you. I am 70 and still teaching. By the way things are going, I will never be able to retire. Thank the Lord nothing is wrong with me YET, but it is just a matter of time. Delightful, eh?

re: #186 Kragar (Proud to be Kafir)

Yet another reason to calm down, isn't it?