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Congress just doesn't get it
- Thread starter DonKee
- Start date
Quote from S2007S:
If they dont pass that $700B bailout plan forget IT!!!!!!
You think the markets are nearing a bottom now if they dont pass this bailout plan you will see a global stock market collapse. I think we could easily see markets around the globe fall on average 10-20% in a week. This is VERY serious....
Ok, that puts us about 25 - 30% off the all time top
Quote from S2007S:
If they dont pass that $700B bailout plan forget IT!!!!!!
You think the markets are nearing a bottom now if they dont pass this bailout plan you will see a global stock market collapse. I think we could easily see markets around the globe fall on average 10-20% in a week. This is VERY serious....
I still would love to see someone shoot straight on the ramifications of NOT doing the bailout.
When asked directly, they always avoid answering. "Unemployment will go up." Fine. How much? Up to 8%? 10%? 20%? 30%?
"The economy will retract". How much? For how long? Am I going to wake up one morning and all my trading accounts have vanished into thin air?
The stock market goes down. So? Markets aren't allowed to go down?
Look, I know it's near impossible to predict anything for sure, but I feel like I'm watching a poker game where I'm not allowed to see the size of the pot.
Quote from gnome:
I hope we get the decline... excesses need to be wrung out of they system, and we need to change our way of doing business. Otherwise, there is no hope for our future.
Cant have that in an election year. Paulson and his banking pals will cause the market to fall until they get there tax payer money.
Paulson did and about face when Goldman started falling, help help we need a massive bailout or Goldman Sachs is going to fail.
Quote from jordanf:
I still would love to see someone shoot straight on the ramifications of NOT doing the bailout.
When asked directly, they always avoid answering. "Unemployment will go up." Fine. How much? Up to 8%? 10%? 20%? 30%?
"The economy will retract". How much? For how long? Am I going to wake up one morning and all my trading accounts have vanished into thin air?
Yes.
Quote from switze22:
$700 billion?
Ain't no thang.
Let's just print out more of our monopoly money and go deeper into a debt which we will never escape from.
Pass the proposal and send the bill to the taxpayers!!!
You could make [win?] $1 Million/day and it would take over 1,900 years to equal that amount.
:eek:
Quote from S2007S:
If they dont pass that $700B bailout plan forget IT!!!!!!
You think the markets are nearing a bottom now if they dont pass this bailout plan you will see a global stock market collapse. I think we could easily see markets around the globe fall on average 10-20% in a week. This is VERY serious....
We better hope it gets decline, for the worst is ABOUT to come either way. If it gets approved and passed, it will be WORSE than if it got decline
Quote from jordanf:
I still would love to see someone shoot straight on the ramifications of NOT doing the bailout.
When asked directly, they always avoid answering. "Unemployment will go up." Fine. How much? Up to 8%? 10%? 20%? 30%?
"The economy will retract". How much? For how long? Am I going to wake up one morning and all my trading accounts have vanished into thin air?
Look, I know it's near impossible to predict anything for sure, but I feel like I'm watching a poker game where I'm not allowed to see the size of the pot.
if their experts r so expert they wouldn't pass a ban not knowing the impact on mkt makers, i don't think they r so expert afterall, more like some self interests as mentioned earlier involved