Originally Posted by green91
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-Super cool .gif TO UNBAN JITB, JM, Buttons AND NEMISIS here-
thank you, even if some of our facts are wrong!
Enterprise Data Resources- Ecommerce Project Manager
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read 1sicklexs post , if you think im wrong
Enterprise Data Resources- Ecommerce Project Manager
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Too bad 80% of the people in the Whoreslounge don't give a sh*t. That's also WHY we have a Wall Street section. It's for people that want to read this stuff. The Whoreslounge is for general BS, not for surveying the impending doom of the stock market.
That's all fine and dandy, but that doesn't make this thread WL material.
I wouldn't invest in "People who care about this" stocks if I were you. They're not going to rise.
If you're going to apologize, at least apologize for this thread being in the wrong section.
Ran i posted it in here because this is BIG NEWS and i thought more people NEEDED to see it.
Enterprise Data Resources- Ecommerce Project Manager
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I want to know how the massive Stock Market downturn will affect the global loli economy. Will there be less loli's due to Merrill Lynch not being around to manage the stocks of companies such as Abercrombie & Fitch, Aeropostale, and Hollister? Those companies are solely responsible for bringing all the loli's in a general area into one easy to access location. Without them it would be much harder to hunt loli's as they would be forced to spread out to shop for their skimpy designer clothes. We just can't have that happen.
Oh yeah, one other thing......wrong section.
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Oh damn how did I end up in the Wall Street Section? Oh wait....im in whoreslounge :confused:
lol i give a shyt about the topic of the thread.... but i don't give a shyt about the thread itself.
This thread is so full of BS it is amazing.
Fact- The economy is in a downswing but not a recession.
Fact- People are selling stocks to buy gov't backed bonds, it's called diversification. It will be back when the market calms.
Fact- Smaller investment firms are eager to scoop up Lehman clients, why do you think BOA bought Merrill?
Opinion- More banks may fall out. However, Federal Regualtions will only allow one banking institution to hold 10% of nations to deposits. Meaning, worst case scenario there will be 10 banks in the US.
Opinion- Lehman & Merrill knew what they were doing a few years back. They needed capital so they loosened lending stipulations, which came back to burn them.
Opinion- The government is not to blame nor are the brokerage houses. The blame falls on the consumer. You cannot sell a product without consumers willing to buy it. The majority of people who have defaulted on their did not have a clear understanding of what kind of mortgage they purchased. Instead they had their eye on the prize.
Opinion- Having the government step in to assist goes against a free market economy. In a free market businesses come and go, money is earned and lost. It is how it works. Regulations work against this and use your tax dollars to correct the ship while leading you to believe it is your best interest.
Lastly, don't take what you hear on any news program or site as doctrine. If you are truly concerned about an issue go do the research and see what is truly out there. Look for both sides of a story, and try to stay away from any publications that starts off with a fear invoking prose.
this is true but fact that we need better administration to help make regulations to keep such sh!t from happening again... just like eron, etc.
i just saw yesterday about mortgage scam totally up over 3 million dollars was going on here in Atlanta. buy a house for 100k and have someone you know appraise it for 300k then make up phony person to sell it too collect funds, etc...
for once, we agree.
Bush has let this get out of control when their were warning signs years ago.
Enterprise Data Resources- Ecommerce Project Manager
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Lol @ blaming one person for the entire Economy's decrease lately.
im not blaming bush, im saying there should be more regulations in place, which is where the govt comes in
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
It's not about stock being up and down anymore. Look and see what's happening outside.
Numbers can be manipulated, as well as wall street. Stock market right now is a joke.
quick question tho mike.....if there should be more regulations in place by the government. if they should step in, doesnt hat go against the republican parties idea's of less government? the only reason i bring this up is because your for mccain. thats all. not meaning to turn this into a political topic.
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The govt is tons to blame. They REGULATE this ****, that is what they are THERE FOR. They WATCHED and CLOSED THEIR EYES as banks lent MONEY IT DIDN"T HAVE to RISKY PEOPLE in the BILLIONS of Dollars.
Then the GOVT BAILS OUT the BANKS AGAIN AND AGAIN AND AGAIN and screw taxpayers over who PAY FOR THIS!!!!
Look at how bankruptcy laws changed under Bush, it is now much harder for a person to file bankruptcy and you have to pay the $$$$ back!! It was b/c BIG BUSINESS complained "We are lending money and people don't pay"
Well now BIG BUSINESS is in dire straits and begs our GOvt to BAIL THEM OUT AGAIN.
MIND YOU OUR GOVT IS BROKE!!!!! WE HAVE NO MONEY TO LEND!!!!!
Our Fiscal policy is a JOKE, we are TRILLIONS, in debt and our budget is hundreds of billions over budget.
Who the hell do u think buys govt bonds??? China, India and other countries!!! If they cash out, we are SCREWED!!!
Bottom line, do your research. Our founding fathers and when our presidents had sense and BALLS, they DESPISED CENTRAL BANKS and Big banks.
Andrew Jackson actually said FU BANKS and paid every single dime back except about $32,000. He knew banks= peoples destruction.
Well READ ON THE FEDERAL RESERVE, which is a FRAUD!!!
http://www.healthfreedom.info/Federal_Reserve_Fraud.htm
Its not a part of our government. And guess what some of these same institutions that failed, helped set up the FED.
Vossen CV3 20x9 & 20x10.5
WASHINGTON - In a bid to save financial markets and economy from further turmoil, the U.S. government agreed Tuesday to provide an $85 billion emergency loan to rescue the huge insurer AIG. The Federal Reserve said in a statement it determined that a disorderly failure of AIG could hurt the already delicate financial markets and the economy.
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It also could "lead to substantially higher borrowing costs, reduced household wealth and materially weaker economic performance," the Fed said.
"The President supports the agreement announced this evening by the Federal Reserve," said White House spokesman Tony Fratto. "These steps are taken in the interest of promoting stability in financial markets and limiting damage to the broader economy."
Treasury Secretary Henry Paulson said the administration was working closely with the Fed, the Securities and Exchange Commission and other government regulators to "enhance the stability and orderliness of our financial markets and minimize the disruption to our economy."
"I support the steps taken by the Federal Reserve tonight to assist AIG in continuing to meet its obligations, mitigate broader disruptions and at the same time protect taxpayers," Paulson said in a statement.
The Fed said in return for the loan, the government will receive a 79.9 percent equity stake in AIG.
Earlier, Fed chairman Bernanke and Paulson met with Sen. Christopher Dodd, D-Conn., Majority Leader Harry Reid, D-Nev., and House Republican leader John Boehner of Ohio, to brief them on the government's option.
"At the administration's request, I met this evening with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke. They expressed the administration's views on the deepening economic turmoil and shared with us their latest proposals regarding AIG," Reid told reporters. "The Treasury and the Fed have promised to provide more details in the near future, which I believe must address the broader, underlying structural issues in the financial markets."
On Tuesday, shares of the insurance company swung violently as rumors of potential deals involving the government or private parties emerged and were dashed. By late Tuesday, its shares had closed down 20 percent — and another 45 percent after hours. Still, no deal emerged.
The problems at AIG stemmed from its insurance of mortgage-backed securities and other risky debt against default. If AIG couldn't make good on its promise to pay back soured debt, investors feared the consequences would pose a greater threat to the U.S. financial system than this week's collapse of the investment bank Lehman Brothers.
The worries were triggered after Moody's Investor Service and Standard and Poor's lowered AIG's credit ratings, forcing AIG to seek more money for collateral against its insurance contracts. Without that money, AIG would have defaulted on its obligations and the buyers of its insurance — such as banks and other financial companies — would have found themselves without protection against losses on the debt they hold.
"It might not just bring down other financial institutions in the U.S. It could bring down overseas financial institutions," said Timothy Canova, a professor of international economic law at Chapman University School of Law. "If Lehman Brother's failure could help trigger AIG's going down, who knows who AIG's failure could trigger next."
New York-based AIG operates an insurance and financial services businesses ranging from property, casualty, auto and life insurance to annuity and investment services. Those traditional insurance operations are considered healthy and the National Association of Insurance Commissioners said "they are solvent and have the capability to pay claims."
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PLEASE!
I wish that people would heed the facts in situations like this.
Allow me to explain...
The federal reserve makes money. Not like a pimp makes money (this can be argued), but like a machine "makes" money. Now, when the Federal Reserve lends out money, it's not out of the charitable kindness of their heart, but with the intent of making more money off of the money they have already made. And I ask, do you all know how they make this money??? BY LOANING THE MONEY ON INTEREST!!!
This is what they do as an entity! No one escapes the wrath of dept to the Federal Reserve! NO ONE! Not even the "High & Mighty" GUBMENT! All this talk about how the economy is in the "shyter" and "we need to brace ourselves for another depression" is making me sick. All that jazz about the stock market is the backbone of "our" economy is mularchy.
Granted, yes, the stock market does have SOME affect on how much the US dollar is worth, but NOT NEARLY as much of an effect as the Federal Reserve! So the next time someone throws an editorial in your face with big numbers and tells you it's bad. Do the research and find the TRUTH! The world isn't going to end as we know it. Just don't invest in shyty stocks.
The ni99a has spoken.
And YES I support Obama, but only by default, so don't bring that democratic propaganda fuckboyshyt in here!
Last edited by TheChosenOne; 09-16-2008 at 09:20 PM.
Trend settin'
^^^ Dude, the dollar value has dropped significantly. The banking marking and brokerage market is in turmoil. Energy is at an all time high. Unemployment is climbing. Consumer Confidence is low. Inflation continues to rise.
We are NOT in a recession? Just go to any mall on the weekend and notice how empty it is compared to just last year.
Vossen CV3 20x9 & 20x10.5
Feds are printing money out of thin air to bail these companies. Feds have no money, the nation is in debt.PLEASE!
I wish that people would heed the facts in situations like this.
Allow me to explain...
The federal reserve makes money. Not like a pimp makes money (this can be argued), but like a machine "makes" money. Now, when the Federal Reserve lends out money, it's not out of the charitable kindness of their heart, but with the intent of making more money off of the money they have already made. And I ask, do you all know how they make this money??? BY LOANING THE MONEY ON INTEREST!!!
This is what they do as an entity! No one escapes the wrath of depth to the Federal Reserve! NO ONE! Not even the "High & Mighty" GUBMENT! All this talk about how the economy is in the "shyter" and "we need to brace ourselves for another depression" is making me sick. All that jazz about the stock market is the backbone of "our" economy is mularchy.
Granted, yes, the stock market does have SOME affect on how much the US dollar is worth, but NOT NEARLY as much of an effect as the Federal Reserve! So the next time someone throws an editorial in your face with big numbers and tells you it's bad. Do the research and find the TRUTH! The world isn't going to end as we know it. Just don't invest in shyty stocks.
The ***** has spoken.
And YES I support Obama, but only by default, so don't bring that democratic propaganda fuckboyshyt in here!
Printing money out of thin air is putting us in more debt, further decreasing our dollar value, and we the tax payers are paying for it.
Stop watching Fox news or CNBC for these issues.
Exactly. They print money and lend money they never really had in the first place. They are a fraud!! Its backed by nothing!!! Notice how the value of gold has skyrocketed!! It is a finite resource. As long as there is ink and paper, they will continue to print money.
They bastards make up free money, then lend the money to the USA, then have the balls to add interest to fake money. SO they make money on money they created out of thin air.!!
Vossen CV3 20x9 & 20x10.5
I agree with you to an extent but hasn't oil dropped considerably in the past 30 days? I would harldy consider a ~$50 drop in the price of oil an all time high. Statements like these made by the media are also to blame for our current cituation.
As far as the housing market goes. The blame lies between the banks that leant the money and the idiots that actually agreed knowing that they couldn't afford the damn house in the first place.
Epic Foxbody Thread Crew Member #10
Amazing isnt it? Govt is counterfeiting our currency and there are people that sees this as nothing wrong.
This amazes me everyday.
Last edited by MS3ZZ; 09-16-2008 at 11:25 PM.
You do realize even though oil dropped from a high of what 146 to around 96 today, that still is higher than anything a year ago let alone 5 years ago.
The price of oil is still high. Compared to a few months ago, yeah it looks good.
It is still high.
Vossen CV3 20x9 & 20x10.5
That was exactly my point. There are still some things that are doing good. Sorry I'm a bit of an optimist I just think that the whole doom and gloom aspect doesn't exactly do anything for the American psyche. We know things arent great right now but they're not terrible.
Epic Foxbody Thread Crew Member #10
I dont know about you, but things are terrible by my standards.
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i was totally gonna say the same to be an a$$hole but ya... this is where more gov't s needed... mortgage companies were retarded 0 down on home people can't afford then when % changes and they can't afford we happen to be in a economic downturn which now turns into a crisis.
there were so many stats about how many new home owners there were since bush has been in office... i would love to know how many have lost their homes in the past 8 years. (not saying it is his fault but republicans have said in the past (even bush) that their work in part of why we have more home owners)
Nice rant.
You clearly failed to see my reasoning in stating the government is not to blame. It is the consumer who created a market of subprime loans. These consumers did not fully understand what they were getting into. That is their fault no one elses. We as consumers are responsible for understanding all aspects of any loan we get into, it is called accountability. They are now unable to pay, and therefore their house goes under and no is left to pay the bill. This lack of payment is why banks are in a world of hurt. Banks took a risk and lost. Without risk there is no reward.
Also, government regulations on mortgages are set to ensure a consumer is not defrauded by a brokerage/bank. Meaning misrepresentation of the truth. They do not say you must have a certain amount down to get a loan or you must make a certain income. That risk is assumed by brokerage/bank and is perfectly legal.
This leads into my last opinion made is my previous post and something we both agree on. The government should not step in and offer bailouts, it goes against the free market. Government should let the market play out, there will be winners and losers. These brokerages like any private business that is poor at doing business should fail. Some economists argue large scale fallout in industries is good. It clears the market of poor performers and often sparks innovative new startups with improved effeciences.
Also my point about bonds is that investors in the US were selling stocks to purchase T-bonds as they wanted to mitigate certain risks due to over reactions in the market. That is why the Dow fell, many people decided to sell their stocks. The people buying the stock knew the risk of the stock was now higher. When a stocks risk is higher the price goes down, this hopefully allows for greater return in the future. When the market recovers these same dollars will come back.
Lastly, your suggestion to do my research was excellent regurgitation of my last point. I do my research I suggest everyone else on here do the same.
malls are empty b/c RAN and rest of local pedo crew... i don't feel safe there
malls are empty b/c RAN and rest of local pedo crew... i don't feel safe there
This proves how little you know about Mccain.
Im not saying im for ultra regulation and the govt needs to have its hand in everything. Im saying there should have been steps to STOP the sub prime mortgage crisis.
It was the LAX lending policies of the federal govt and the banks greed, that gave loans to "poor" people that had the loophole for this whole mess to happen.
And the more an more i read about it, the more and more i think "who DIDNT see this coming" when it all started.
Mccain is for Reform, i think thats pretty clear. Hes attacked Bush on the Economy a few times.
And unlike some people, i can admit when my party has made a mistake. Just cause im republican doesnt mean we can do know wrong, and vice versa.
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Sorry but simply supply and demand here. There will ALWAYS be a demand for cheap housing and there will ALWAYS be a market of homebuyers.
The SUPPLIERS decided to lower standards where ANYBODY could now buy a home. No credit, no problem. No job, no problem. No down payment, no problem. You "THINK" you will be rich in 5 years, yes we can put you in a 350k home.
The Govt. should have stepped in but the ECONOMY was flourishing so they didn't.
Now taxpayers and the next administration have to fix this mess.
We do agree on most everything else
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That is why we need more gov't oversight so that this doesn't happen again, but the funny thing is that the gov't and a lot of ppl knew the housing market was going to collabse b/c of the lending practices long before the actually collabseSorry but simply supply and demand here. There will ALWAYS be a demand for cheap housing and there will ALWAYS be a market of homebuyers.
The SUPPLIERS decided to lower standards where ANYBODY could now buy a home. No credit, no problem. No job, no problem. No down payment, no problem. You "THINK" you will be rich in 5 years, yes we can put you in a 350k home.
The Govt. should have stepped in but the ECONOMY was flourishing so they didn't.
Now taxpayers and the next administration have to fix this mess.
We do agree on most everything else
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Yes thats the solution!!!. Lets make the government as big as possible!! Maybe then they can do everything for us and we can just give them all of our money and let them decide how redistribute it. This will solve everything! I think this new style of government should be called Socialism or even better Communism.
LOL wake up folks!!! The government shouldn't bail anyone out. These companies made poor decisions and they should face the consequences thats the point of a free market economy.
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