RV-1/2n-FUN
FL.
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Doug4.7 wrote:Well, the House passed the bill and it is on its way to Bush. The stock market reacted to the good news by doing...... nothing! 
Should have done something else?
Everyone thought Wachovia was a done deal and look at what is now happening with Wells Fargo getting into the ring. Thought I read so many complaints from people regarding more tax dollars and now not a penny. Guess all the GURUS here don't know everything.
Continued next week, same time, same channel.
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lwmuddy
Murrells Inlet, SC
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topflite51
In The Desert of Nevada
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Definitely bring on the rum. I prefer Bacardi.
 David
Just rolling along enjoying life
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fickman
Fort Worth, Texas
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RV-1/2n-FUN wrote:Should have done something else?
IMO, the meager bounce just shows that he adjustment on Monday was due to happen regardless of the legislation being passed. We now have the government as an active entity in the financial markets. . . hope we're ready for the consequences. Government doesn't usually leave places after it invites itself in.
2005 Chevrolet Silverado 2500HD Crew Cab SB LS 6.0L 4x4 4.10
DW, DD (May, 2007), DS (October, 2008), and me
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8.1 Van
Millstone NJ
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LOS ANGELES — With the credit crisis cutting off access to short-term financing, California officials said the state may be forced to ask the United States government to lend it $7 billion, warning that the state could run out of money in a few weeks without it.
California, Short of Cash, May Ask U.S. for Loan
FKA PSDExcursion
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cheridave
Orange County, CA
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So, lets see...
Approx. 300 Billion over the last few weeks for AIG, Fanny, Freddie and ???....
Today - approx. 820 Billion for "Bail-out", posioned loans and ???....
Total - approx. 1.2 Trillion with no "Guaranty" that this will work...
Could someone please explain how this is going to stop our homes from depreciation...which no body can predict where the bottom is?
Could someone please explain how this is going to create jobs?
It appears to me that most economists agree that this will not work and what we have all witnessed over the last few weeks is only a "band-aid" to the whole problem and will only prolong the financial crisis.
Dave
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lwmuddy
Murrells Inlet, SC
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ol Bombero-JC
USA
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Is "hirer" really a word?
Anyway, solution is simple: Just print more money
~
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lwmuddy
Murrells Inlet, SC
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cdc
New Braunfels,TX
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Since the Federal Gov't bailed out the financial institutions, I wonder when Congress is going to start a thorough investigation? Also, will it as thorough as ENRONs and WORLDCOM's? Some people need to go to jail over this fiasco, and CEO/CFO's need to surrender some of those ill gained assets obtained by cooking the books.
By the way, FDIC should stay out of the Wachovia mess. Geez, doesn't it make sense to let the highest bidder of the assets purchase the company. Sure would save taxpayers $$$$'s.
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