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Is Pelosi's shitting on Republicans and assigning partisan blame and engaging in elction based maneuvering more important than the financial rescue? Is that leadership? Is that how you want the MAJORITY PARTY to do business? Is it effective? Again, the Dems don't need a single Republican...

The Democrats don't need ANY Republican votes to pass the bill. They can do it on their own and didn't. Pull your head out of your ass.

Hello? Is this thing on? The Democrats didn't vote for it. Comprende? The Dems didn't pass the bill. Try to keep up.

Yesirree...Demon speculators caused this. Not a peep about Jesus H. Obama's Democrat buddies Franklin Raines, Jamie Gorelick, Barney Frank, Jim Johnson, etc....

Pelosi is a toxic moron who's done nothing but throw rocks at Republicans her entire term as Speaker of the House. She hasn't accomplished anything constructive and hasn't even really tried.

It was darkly hilarious to see a big rally on the "good" inflation news. The money managers are like any other business in that they want to put cash to work to generate profits. The only way for most of them to do that is buy stocks that go up. They've got cash built up after this year's...

Citi's selling off further today after they announced a huge asset sale. It leaves them pounding the bid on all kinds of crap that's already been devalued. What if they sell or do a lease-back deal on their branches? Not the best real estate market in which to make that switch. Some...

Citigroup announced they're selling another $2 billion in preferred. They followed their last sale of preferred a week or two ago with another sale of common. I wouldn't be surprised if they dump more common out there this time also. They're going to have one hell of a gigantic float if...

Wow, thanks for the big value add. Chat board stalkers like you personify worthlessness.

retire45 - yeah, I agree.

There's no need to be an asshole. If you'd think back a few days, you'd remember I defended your right to be bullish on these boards.

Hence the market reaction. If the Fed left rates unchanged and said they were done for this cycle I think we would have seen a different take. Instead, we got the usual "on the one hand, on the other hand" mealy-mouthed wimpiness that doesn't signal leadership and makes markets uneasy.

At the top of an overbought range and backing off +170 on the Dow to finish negative. A lot of people looking for a big selloff in crude and a massive dollar rally to go with a market rally. Doesn't look like it's going to happen barring some wackiness overnight.

Much of the upset here comes down to very poor communication on the part of Citigroup.

And a somewhat comforting detail: "People close to the situation said Citi had always planned to follow up its issuance of preferred shares with a sale of common stock to satisfy US rules requiring banks to have the bulk of their capital in common equity."...

Well, here's the problem: "Investors and analysts had thought last week's $6 billion sale of preferred stock had quenched Citigroup's capital thirst. But the company planned the common-stock sale as a companion to the preferred deal, the person said, even though Citigroup didn't mention the...

Wow. Once the crap mortgage game dries up, ya gotta do what ya gotta do. <b>Wachovia Is Under Scrutiny In Latin Drug-Money Probe</b> By EVAN PEREZ and GLENN R. SIMPSON Wall Street Journal April 26, 2008; Page A1 WASHINGTON -- Federal prosecutors are investigating Wachovia Corp. as...

nonam - Take that bullshit to your own thread in the Political Chit Chat forum. Thanks.

Exactly right.

:D