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They should have let the market drop that day - it would have been no worse than 1987 (22% drop), even if true - and we got through that period fine. In fact, it creates new opportunities and cures ills. Everyone is such a baby now.

Faux News. It's not 'Fox' unless its 'Faux.'

Why so serious? On a truly serious note - cast stones if you have no vice in your life. Don't take this personally, because I don't know you that well; generally speaking, I've found the people so willing to judge, and especially the ones inclined to do so quickly, have this simple...

Long but good. You know more about CDSs than I ever did.

ft, you may or may not be right. I could care less, for purposes of this post, about Nocera individually. I believe he's making a larger point that has nothing to do with naked shorting, FTDs or other aspects of what I know you have issues with - I posted this because I think he's right...

-cont'd from above- President Bush with Fed Chairman Ben Bernanke, Treasury Secretary Henry Paulson and SEC Chairman Christopher Cox Under the circumstances, insuring the money market funds probably makes sense. It will calm investors and keep the commercial paper market functioning. But...

A Hail Mary Pass, but No Receiver in the End Zone By JOE NOCERA NEW YORK TIMES Published: September 19, 2008 Henry Paulson at a news conference to announce an insurance program for money market funds It was the end of the worst week for financial markets since 1929, and Treasury...

Disclaimer - I didn't understand CDS's that well before, and although I now think I have a basic conceptual grasp of them, have much more to learn. In the midst of my anger over the nationalization of key sectors of our economy, and the refusal of all politicians and their lackeys to let the...

This bailout being crafted by the very same people that mere days ago were resistant to bailing out 'moral hazard' (i.e. Lehman) is not only not going to work, it's going to exacerbate the problem by providing more liquidity, obviously paid for by the relatively few American that actually pay...

They claimed this even though when BSC and LEH collapsed. It was reported that Paulson was allegedly 'irate' at the suggestion that Treasury backstop Lehman to prevent its demise. Yet, here we are, mere days after the collapse of Lehman, and none other than golden boy Hank Paulson is...

I agree. Hank Paulson, Ben Bernanke and the administration that appointed them as well as everyone congressman and congresswoman that supports the confiscatory bailout plan are traitors to this country. We are Rome in decline - and the American People are sheep observing their own...

It's over. The United States of America is a sham, has lost all credibility at home and abroad (whatever was left), and is a confiscatory and nationalistic banana republic no better than Venezuela - literally. Am I too melodramatic? No. I never thought I'd see the day where the American...

http://www.nytimes.com/2008/09/18/opinion/18cohen.html THE KING IS DEAD By ROGER COHEN THE NEW YORK TIMES September 17, 2008 They’re listening to Coldplay down on Wall Street: I used to rule the world Seas would rise when I gave the word Now in the morning I sleep alone Sweep...

Friday, September 19, 2008 HOMELESS TENT CITIES RISE AS ECONOMY FALLS Towns from Reno to Chattanooga see spike in encampments Evelyn Nieves / Associated Press RENO, Nev. -- A few tents cropped up hard by the railroad tracks, pitched by men left with nowhere to go once the emergency...

Don't forget that the ultimate weasel, Karl Rove, refuses to respond to Congressional Subpoena, and that Palin is not appearing, nor will she allow her rat husband to appear, before the investigative panel seeking the facts on her firing of a Law Enforcement Officer for alleged personal reasons.

Better to do that then let people that speak in tongues and are Christian fundamentalists force their policies which involve our tax dollars, to the detriment of the entire country, upon us. The Iraq War will cost this country 3 trillion by the time all is said and done. Why don't you and...

I wouldn't double down just yet. Wells Fargo is looking at WAMU, too, but won't be in a rush to do anything because it's common knowledge that WAMU's books are a catastrophe, and therefore their real value lay in their retail franchises, as they are national. Having said that, WAMU did a...

Whisper rumor is Citi is mulling a bid.

Traitor cunt. I officially repudiate her Judaism.

Cantor is a real cunt. First class.