Lawmakers reject bailout

el-camino-ss · 09-29-2008, 08:58 PM

Lawmakers reject bailout as markets swoon | Reuters

han_han · 09-29-2008, 09:16 PM

Wow, they rejected it. This is getting interesting, I wasn't expecting them to vote this much against it.

Degausser · 09-29-2008, 09:24 PM

If they don't figure this **** out by next semester, i fear for myself and many other college students who have to rely on Student Loans.

JLTucker · 09-29-2008, 09:30 PM

Student loans suck, degausser. I had to get one to attend university.

hellinsect · 09-29-2008, 10:57 PM

I am already being forced to live on student loans. I think the only thing that could make my situation worse is higher food prices or student loads not being given out.

lpxxfaintxx · 09-30-2008, 06:49 AM

Why are you upset? It's a GOOD THING the bailout didn't pass. How do you think the government is going to pull $700 billion out of their ass? This bailout plan could have provided short term relief, but in the long-term, it's only setting up the economy for something even worse. We need to find the problem and fix it, not just inject imaginary money into our economy.

6satan6archist6 · 09-30-2008, 07:00 AM

I thought for sure that the bailout would be passed. Then I realized with such an overwhelming amount of public outcry against the bailout, and with members of the house being up for re-election there was a good chance that it wouldn't be passed. I for one am glad they didn't pass it. We live in a country with free market enterprise so let them fail. Not to mention the fact that such a large amount of money would take away from the funding of other things like schools, health care, etc. I saw heard a quote on MSNBC today from a representive for the U.S. treasury that said their figure of 750 billion wasnt based on actual data; they just wanted a "really large number." Can you imagine the backlash that would haven taken place if this was approved, then they turned around and asked for money?

el-camino-ss · 09-30-2008, 07:10 AM

Quote:

Originally Posted by lpxxfaintxx

Why are you upset? It's a GOOD THING the bailout didn't pass. How do you think the government is going to pull $700 billion out of their ass? This bailout plan could have provided short term relief, but in the long-term, it's only setting up the economy for something even worse. We need to find the problem and fix it, not just inject imaginary money into our economy.

Actually its bad ether way it goes. If it passed/passed because they will revote on it then we pay more taxes.

But if it stays unpassed then anything bank/credit wise is going to suck. Peoples limits on their credit cards will go down and freeze.

Mobilus · 09-30-2008, 07:11 AM

The bailout is totally unnecessary, and if it does pass it will be the single biggest theft of tax payer money in history. The banks are already cleaning up their own mess by buying each other out as they go down. JP Morgan bought WaMu and today CitiGroup bought Wachovia.

Everyone call up your rep.s and senators and tell them to vote NO on stealing 750 billion for no reason!

Mr.Lampy · 09-30-2008, 08:12 AM

I believe they did this before
except it was called the great depression not a buyout

K? Pŕo?ćtiόnŹ · 09-30-2008, 08:17 AM

Didnt the DOW drop 800 points yesterday or something?

Mr.Lampy · 09-30-2008, 08:18 AM

it dropped 700 xD

Belphegor · 09-30-2008, 08:21 AM

Yea, I lost thousands in stocks yesterday. About 8,000 all together...

'bat · 09-30-2008, 09:04 AM

blegphor

in a time like this i would be investing in relatively conservative stocks. if you want to be aggressive and know how to analyze a stock in the areas of how good it looks in the areas of fundamentals, technicals, and news on the street, then there is still money to be made in this market. There are some groups (like QID) that are a basket stock groups of sorts that tend to bet against some of the major markets, like NASDAQ.

about three weeks ago i got a heads up from a friend that he was going to start phasing into stocks like GLD and QID and that i should as well. Stocks like those are what you want in a market thats going south.

naturally I didnt really act on it and forgot. Just got a call from the same friend today telling me that he's made quite a bundle.

Belphegor · 09-30-2008, 09:16 AM

Yes I know very well how to invest. The thing is, Im still over 20,000 ahead of what I invested, so Im not complaining. Its just funny how I told myself no, against advisory assistance an now must pay the toll for it. :p

09-29-2008, 09:16 PM	#2 (permalink)
han_han 一男的月亮 Senior Member Gold Member Crusader Join Date: Jun 2005 Location: Las Vegas Posts: 3,286	Wow, they rejected it. This is getting interesting, I wasn't expecting them to vote this much against it. __________________
$han_han 15 0FF11\|\\|3$

09-29-2008, 09:24 PM	#3 (permalink)
Degausser Love me gently with a chainsaw Administrator Crusader Join Date: Jul 2007 Location: Michigan Posts: 3,798	If they don't figure this **** out by next semester, i fear for myself and many other college students who have to rely on Student Loans. __________________ Now dance, fcker, dance; he never had a chance, And no one even knew, it was really only you. So dance, fcker, dance; I never had a chance, It was really only you With a thousand lies and a good disguise Hit em' right between the eyes Hit em' right between the eyes
$Degausser 15 0\|\\|11\|\\|3 \|\\|0\/\/$

09-29-2008, 10:57 PM	#5 (permalink)
hellinsect Deviant Join Date: Dec 2007 Posts: 115	I am already being forced to live on student loans. I think the only thing that could make my situation worse is higher food prices or student loads not being given out. __________________ Last edited by hellinsect : 10-01-2008 at 02:06 AM.
$hellinsect 15 0FF11\|\\|3$

09-30-2008, 06:49 AM	#6 (permalink)
lpxxfaintxx I hate Steve Jobs. Senior Member Gold Member Enlightened Join Date: Jun 2005 Location: Fullerton, CA Posts: 3,129	Why are you upset? It's a GOOD THING the bailout didn't pass. How do you think the government is going to pull $700 billion out of their ass? This bailout plan could have provided short term relief, but in the long-term, it's only setting up the economy for something even worse. We need to find the problem and fix it, not just inject imaginary money into our economy. __________________
$lpxxfaintxx 15 0FF11\|\\|3$

09-30-2008, 07:00 AM	#7 (permalink)
6satan6archist6 Posting disabled Deviant Join Date: Sep 2008 Location: In your sister's ({}) Posts: 119	I thought for sure that the bailout would be passed. Then I realized with such an overwhelming amount of public outcry against the bailout, and with members of the house being up for re-election there was a good chance that it wouldn't be passed. I for one am glad they didn't pass it. We live in a country with free market enterprise so let them fail. Not to mention the fact that such a large amount of money would take away from the funding of other things like schools, health care, etc. I saw heard a quote on MSNBC today from a representive for the U.S. treasury that said their figure of 750 billion wasnt based on actual data; they just wanted a "really large number." Can you imagine the backlash that would haven taken place if this was approved, then they turned around and asked for money?
$6satan6archist6 15 0FF11\|\\|3$

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09-30-2008, 08:12 AM	#10 (permalink)
Mr.Lampy Name's Lampy, Mr.Lampy Senior Member Moderator Gold Member Saint Join Date: Aug 2004 Location: NO U Posts: 5,955	I believe they did this before except it was called the great depression not a buyout __________________
$Mr.Lampy 15 0FF11\|\\|3$

09-30-2008, 08:17 AM	#11 (permalink)
K? Pŕo?ćtiόnŹ =) Senior Member Retired Staff Member Messiah Join Date: Oct 2004 Location: Okinawa Posts: 9,347	Didnt the DOW drop 800 points yesterday or something? __________________
$K? Pŕo?ćtiόnŹ 15 0FF11\|\\|3$

09-30-2008, 08:18 AM	#12 (permalink)
Mr.Lampy Name's Lampy, Mr.Lampy Senior Member Moderator Gold Member Saint Join Date: Aug 2004 Location: NO U Posts: 5,955	it dropped 700 xD __________________
$Mr.Lampy 15 0FF11\|\\|3$

09-30-2008, 08:21 AM	#13 (permalink)
Belphegor Senior Member Gold Member Inquisitor Join Date: Jan 2005 Posts: 4,149	Yea, I lost thousands in stocks yesterday. About 8,000 all together... __________________ we pop bitchez wit r gatz klub LCS, 707, BELPHEGOR
$Belphegor 15 0FF11\|\\|3$

09-30-2008, 09:04 AM	#14 (permalink)
'bat I was born by the highway Senior Member Gold Member Evangelist Join Date: Jan 2006 Posts: 1,087	blegphor in a time like this i would be investing in relatively conservative stocks. if you want to be aggressive and know how to analyze a stock in the areas of how good it looks in the areas of fundamentals, technicals, and news on the street, then there is still money to be made in this market. There are some groups (like QID) that are a basket stock groups of sorts that tend to bet against some of the major markets, like NASDAQ. about three weeks ago i got a heads up from a friend that he was going to start phasing into stocks like GLD and QID and that i should as well. Stocks like those are what you want in a market thats going south. naturally I didnt really act on it and forgot. Just got a call from the same friend today telling me that he's made quite a bundle. __________________ she was born by the sea BD-ICY apparently no longer <3's Mookster.
$'bat 15 0\|\\|11\|\\|3 \|\\|0\/\/$

09-30-2008, 09:16 AM	#15 (permalink)
Belphegor Senior Member Gold Member Inquisitor Join Date: Jan 2005 Posts: 4,149	Yes I know very well how to invest. The thing is, Im still over 20,000 ahead of what I invested, so Im not complaining. Its just funny how I told myself no, against advisory assistance an now must pay the toll for it. :p __________________ we pop bitchez wit r gatz klub LCS, 707, BELPHEGOR
$Belphegor 15 0FF11\|\\|3$