You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #72: They're holding onto Trickle Down until it's pried from their cold, bankrupt hands. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 03:41 PM
Response to Reply #60
72. They're holding onto Trickle Down until it's pried from their cold, bankrupt hands.
This is a Financial bailout.

Look at the opening of liquidity in Europe this morning...several hundred billions of dollars but the markets still fell. Until all of these banks and investment firms are forced to properly state the value of their assets on their balance sheets (even if it requires some global governmental intervention to break apart CDOs/MBSs) then no amount of liquidity will help.

This bailout bill only moves the problem from the backs of private companies to the taxpayers' shoulders. The problem still exists and can we trust those private companies to then do the right thing and stop engaging in globally reckless behavior??

HA!
Printer Friendly | Permalink |  | Top
 
  -STOCK MARKET WATCH, Monday September 29 *THREAD #2** ozymandius  Sep-29-08 02:28 PM   #0 
  - A Second Thread and a Second Cartoon!  Demeter   Sep-29-08 02:29 PM   #1 
  - Thank you. Ozy.  Cerridwen   Sep-29-08 02:30 PM   #2 
  - You're welcome.  ozymandius   Sep-29-08 02:55 PM   #22 
     - Yep. I saw that shrub had spoken and sure enough, down it went.  Cerridwen   Sep-29-08 03:06 PM   #33 
        - need to leave the ball gag in when he takes off the gimp suit n/t  ozymandius   Sep-29-08 03:22 PM   #48 
           - Visual!  Cerridwen   Sep-29-08 03:38 PM   #66 
  - Dow -718 now  Marie26   Sep-29-08 02:30 PM   #3 
  - 1200 points  mrdmk   Sep-29-08 05:37 PM   #111 
  - Today's the 1st day Goldman Sachs and Morgan Stanley are out of investments  specimenfred1984   Sep-29-08 02:30 PM   #4 
  - K & R # 5. n/t  greyhound1966   Sep-29-08 02:32 PM   #5 
  - Ooh! Is today the day?  ozymandius   Sep-29-08 02:32 PM   #6 
  - The Pool Closed an Hour Ago, Ozy  Demeter   Sep-29-08 02:34 PM   #8 
     - Shucks. Oh well.  ozymandius   Sep-29-08 02:38 PM   #13 
  - Well, I'm Grateful for the Bill's Failure  Demeter   Sep-29-08 02:33 PM   #7 
  - There is a bigger plan at play here  MindMatter   Sep-29-08 03:32 PM   #56 
     - Well, I suppose there's no harm in looking for a bright side. I'm not seeing it but won't burst your  54anickel   Sep-29-08 03:55 PM   #84 
        - Keep an eye on the long view  MindMatter   Sep-29-08 04:38 PM   #104 
           - I'm not in a panic, but you're painting a Messiah in that first post ferchrissake!  54anickel   Sep-29-08 05:49 PM   #117 
              - No, just an honest, intelligent guy surrounded by swine.  MindMatter   Sep-29-08 09:27 PM   #138 
  - I'm so conflicted as to our theme for today....  AnneD   Sep-29-08 02:34 PM   #9 
  - I think we're closer to Warren Zevon...  SidneyCarton   Sep-29-08 02:54 PM   #20 
  - That will come once the dust settles....  AnneD   Sep-29-08 04:19 PM   #102 
  - The DOW is Down.  ozone_man   Sep-29-08 03:06 PM   #34 
  - Perfect Choice, Ozone Man!  Demeter   Sep-29-08 05:44 PM   #114 
     - Thanks! It's one from the last time the DOW crashed.  ozone_man   Sep-29-08 07:11 PM   #131 
  - That was my line. Just ask UpInArms.  ozymandius   Sep-29-08 03:12 PM   #40 
  - Brother, Can You Spare a Dime  ozone_man   Sep-29-08 07:21 PM   #133 
  - 3:32pm - yowzers  Roland99   Sep-29-08 02:35 PM   #10 
  - SPLAT!!!!!!  AnneD   Sep-29-08 02:38 PM   #12 
  - They're losing the fight to get above 10,580  Roland99   Sep-29-08 02:55 PM   #21 
  - I'm so grateful for you guys and this thread, especially today.  Viva_La_Revolution   Sep-29-08 02:37 PM   #11 
  - Shruby speaking, or spoke....  ThePowerofWill   Sep-29-08 02:42 PM   #14 
  - Shruby speaking, or spoke....  ThePowerofWill   Sep-29-08 02:45 PM   #15 
  - it's a question of trust  radfringe   Sep-29-08 02:48 PM   #16 
  - CRYING WOLF TOO MANY TIMES  ann_american2004   Sep-29-08 03:33 PM   #58 
     - No one  tama   Sep-29-08 04:03 PM   #90 
        - Not Quite  Demeter   Sep-29-08 05:46 PM   #115 
           - But the wolf came  tama   Sep-29-08 06:04 PM   #121 
  - Economic vs. Financial bailout????  Tansy_Gold   Sep-29-08 02:52 PM   #17 
  - It Was Even Less Than That  Demeter   Sep-29-08 05:47 PM   #116 
     - Okay, you could be right. If so. . .. .  Tansy_Gold   Sep-29-08 06:07 PM   #123 
        - There's a Crisis All Right  Demeter   Sep-29-08 06:20 PM   #125 
  - Unemployment, Depression & Suicide - Bankers In Crisis  54anickel   Sep-29-08 02:54 PM   #18 
  - So Far!  Demeter   Sep-29-08 05:42 PM   #113 
  - less than 10 min remaining  dweller   Sep-29-08 02:54 PM   #19 
  - -577.77  DemReadingDU   Sep-29-08 03:01 PM   #26 
     - guess we'll have to see where the #s settle...  dweller   Sep-29-08 03:06 PM   #35 
  - Love that toon!!!! n/t  54anickel   Sep-29-08 02:56 PM   #23 
  - When I logged on this morning to post  ozymandius   Sep-29-08 03:00 PM   #25 
     - good toon up there for this afternoon  DemReadingDU   Sep-29-08 03:03 PM   #28 
     - Rad's was great this AM too, this one is just so freaking proper for post bail-fail. Things are  54anickel   Sep-29-08 03:39 PM   #68 
        - the golden trickle-down cometh...  radfringe   Sep-29-08 03:41 PM   #73 
           - You are mahhvelous dahhhhling.  ozymandius   Sep-29-08 05:18 PM   #108 
  - Who had today in the pool? eom  Birthmark   Sep-29-08 02:57 PM   #24 
  - Whoever it is, it looks like they have a winner.  Dr.Phool   Sep-29-08 03:02 PM   #27 
  - Settling has a downward momentum.  ozymandius   Sep-29-08 03:06 PM   #32 
  - Juneboarder  MsLeopard   Sep-29-08 03:04 PM   #31 
     - Woot  DemReadingDU   Sep-29-08 03:06 PM   #36 
     - Yes, That Would Be Me...  Juneboarder   Sep-29-08 03:54 PM   #82 
        - Hey look everybody! It's Juneboarder!!!!1i!  Prag   Sep-29-08 03:59 PM   #87 
        - Congratulations!  CabalPowered   Sep-29-08 05:42 PM   #112 
  - WOW! 100 pt plunge in the last minute of trading!  Finnfan   Sep-29-08 03:03 PM   #29 
  - more than that, computers have to catch up -770.59 per yahoo  Jersey Devil   Sep-29-08 03:14 PM   #42 
  - It looks like today was the pool day, 10475.84 -667.29  CatholicEdHead   Sep-29-08 03:03 PM   #30 
  - -777.68 10365.45  AndyTiedye   Sep-29-08 03:12 PM   #41 
  - There will be bigger plunges than this  Capn Sunshine   Sep-29-08 03:07 PM   #37 
  - Haven't seen you in an age Capn.  ozymandius   Sep-29-08 03:08 PM   #38 
  - DOW 6500 - We never recovered from the bursting of the Tech Bubble  SahaleArm   Sep-29-08 03:18 PM   #45 
     - Someone with memory  tama   Sep-29-08 04:05 PM   #92 
  - A whole lot of fear-mongering going on at CNBC.  Dr.Phool   Sep-29-08 03:10 PM   #39 
  - Now down to -770  Marie26   Sep-29-08 03:17 PM   #43 
  - And don't forget.....  Shipwack   Sep-29-08 04:29 PM   #103 
  - WOW!! I've *never* seen a post-close settle this dramatically lower!!  Roland99   Sep-29-08 03:17 PM   #44 
  - DOW down 777 pts, holy crap!  JNelson6563   Sep-29-08 03:19 PM   #46 
  - 777 more poetic  tama   Sep-29-08 04:06 PM   #94 
  - I think we have finally settled...-777. Down 7%  Roland99   Sep-29-08 03:20 PM   #47 
  - Wow after the computers caught up it was -170 from the bell  CatholicEdHead   Sep-29-08 03:23 PM   #49 
  - sorry to step on your post  ozymandius   Sep-29-08 03:28 PM   #52 
  - no worries, ozy!  Roland99   Sep-29-08 04:56 PM   #106 
  - final blather's ready  ozymandius   Sep-29-08 03:31 PM   #55 
     - Where Could I Find the Volume of Trade for Today, Ozy?  Demeter   Sep-29-08 06:06 PM   #122 
  - Here's how to spend $700 billion to fix the economic crisis: Invest IN America, not Wall St.  Roland99   Sep-29-08 03:24 PM   #50 
  - I agree, Roland.  Tansy_Gold   Sep-29-08 03:33 PM   #60 
     - They're holding onto Trickle Down until it's pried from their cold, bankrupt hands.  Roland99   Sep-29-08 03:41 PM   #72 
        - Bingo!  Karenina   Sep-29-08 03:50 PM   #80 
           - Bingissimo!  KCabotDullesMarxIII   Sep-29-08 05:18 PM   #109 
  - I think it's over.  ozymandius   Sep-29-08 03:26 PM   #51 
  - Will the sequel to DOW 36,000 go on sale tomorrow?  Dr.Phool   Sep-29-08 03:29 PM   #53 
  - "Dow 36.00"  ozymandius   Sep-29-08 03:35 PM   #61 
     - Dow $1.98  Prag   Sep-29-08 03:37 PM   #63 
     - I still have a 99c copy of 'Bankruptcy 1995' close by (got it on sale in 1997)  CatholicEdHead   Sep-29-08 03:41 PM   #71 
        - That Was Clinton's Fault  Demeter   Sep-29-08 05:54 PM   #119 
     - Eeeew-KFC buckets!  there-s a   Sep-29-08 10:03 PM   #140 
  - 1*********** The Pool Winners Are ****************  Prag   Sep-29-08 03:30 PM   #54 
  - Next up: When does it break into the 9000's?  RUMMYisFROSTED   Sep-29-08 03:33 PM   #57 
  - I'll take Thursday.  Prag   Sep-29-08 03:35 PM   #62 
  - probably at tomorrow's opening bell.  NeoConsSuck   Sep-29-08 03:55 PM   #83 
  - Congrats JuneBourder and AnneD...umm...I guess.  Roland99   Sep-29-08 03:37 PM   #64 
  - Thank you... I guess  Juneboarder   Sep-29-08 03:56 PM   #85 
  - Congratulations! Both of you!  ozymandius   Sep-29-08 03:42 PM   #74 
  - Oh, I'm Just Thrilled!!  Juneboarder   Sep-29-08 03:57 PM   #86 
  - Thank You , Thank You  AnneD   Sep-29-08 04:11 PM   #96 
  - LOOK! It's AnneD!  Prag   Sep-29-08 04:17 PM   #100 
  - PPT gave up the ghost.  ozone_man   Sep-29-08 07:18 PM   #132 
  - Is 777 the new 666?  Gregorian   Sep-29-08 03:33 PM   #59 
  - Very intresting numerology on '777'  CatholicEdHead   Sep-29-08 03:39 PM   #67 
  - You don't have to go far.. Wander into DU General Discussion.  Dr.Phool   Sep-29-08 03:43 PM   #75 
  - 666 was the devil's number for it was one short of perfection 777  happyslug   Sep-29-08 03:54 PM   #81 
     - A miss is as good as a mile.  KCabotDullesMarxIII   Sep-29-08 05:21 PM   #110 
  - Aleister Crowley and 777.  apnu   Sep-29-08 03:39 PM   #69 
     - What a trippy guy.  Gregorian   Sep-29-08 04:59 PM   #107 
  - You know what gets me? (related to a statement from Paulson last week)  Roland99   Sep-29-08 03:37 PM   #65 
  - Only time will tell.  Prag   Sep-29-08 03:39 PM   #70 
  - I fear that the wall street mess will quickly rain down to Main Street  Jersey Ginny   Sep-29-08 03:48 PM   #78 
     - They may have the capital, though. That's the thing!  Roland99   Sep-29-08 04:00 PM   #88 
     - Okay, look, I'm not an economist but I did used to be an accountant  Tansy_Gold   Sep-29-08 04:06 PM   #95 
  - So, where does this drop stand in the record books?  Col Jack D Ripper   Sep-29-08 03:45 PM   #76 
  - "Stocks register highest point drop in history"  Prag   Sep-29-08 04:15 PM   #99 
  - 7*7*7 JACKPOT!  truthisfreedom   Sep-29-08 03:46 PM   #77 
  - Nancy won't take "NO" for an answer.  Dr.Phool   Sep-29-08 03:48 PM   #79 
  - please adjourn, representatives,  tama   Sep-29-08 04:11 PM   #97 
  - RAINBOW MONDAY  tama   Sep-29-08 04:01 PM   #89 
  - Hear! Hear!  Prag   Sep-29-08 04:06 PM   #93 
     - Thanks  tama   Sep-29-08 04:15 PM   #98 
        - Certainly!  Prag   Sep-29-08 04:18 PM   #101 
  - Theme Song for Sept. 29, 2008 >>>>>>>>  Roland99   Sep-29-08 04:03 PM   #91 
  - So, what's next?  Finnfan   Sep-29-08 04:54 PM   #105 
  - start of a new pool?  dweller   Sep-29-08 05:52 PM   #118 
  - The "How Low Will It Go" pool?  Roland99   Sep-29-08 05:58 PM   #120 
     - well, maybe something more positive?  dweller   Sep-29-08 07:10 PM   #129 
  - My prediction, no bill passes -200  MilesColtrane   Sep-29-08 06:10 PM   #124 
  - Probably a short term bounce  CatholicEdHead   Sep-29-08 06:31 PM   #126 
  - Last words of wisdom.....  AnneD   Sep-29-08 06:48 PM   #127 
  - Good advice that is true wisdom  CatholicEdHead   Sep-29-08 06:52 PM   #128 
  - I read something very similar to that in the book  mdmc   Sep-29-08 07:10 PM   #130 
  - futures for tomorrow are up  theDash   Sep-29-08 07:51 PM   #134 
  - Perfect quote.  there-s a   Sep-29-08 10:07 PM   #141 
  - Excellent quote!  tilsammans   Sep-30-08 02:30 PM   #144 
  - Look out below.  Dr.Phool   Sep-29-08 08:36 PM   #135 
  - Bailout bill defeat could cause painful recession  theDash   Sep-29-08 08:48 PM   #137 
  - The corporate media are now desperate get themselves off the hook  KCabotDullesMarxIII   Sep-30-08 01:29 PM   #143 
  - diving  DemReadingDU   Sep-29-08 09:31 PM   #139 
     - Wow! That's a serious bloodletting!  JNelson6563   Sep-30-08 12:28 AM   #142 
  - Kaiperm Federal Credit Union Liquidated  DemReadingDU   Sep-29-08 08:44 PM   #136 
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC