BAILOUT [strike]STRUCK DOWN[/strike] PASSED DOW PLUMMETING!

The 700 billion dollar bailout just got voted down in the House and the markets are fucking plummeting. ITS A GOOD THING THEY SUICIDE PROOFED THOSE SKYSCRAPERS

POW BITCH

Jam it back in, in the dark.

This is live, sucka!

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Business, financial, personal finance news - CNNMoney.com

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lookatdat rebound

There's nowhere I can't reach.

There's one vote left, and they're gonna hooooooooooooooooooooooold oooooooooooooooooooooon to that vote, but there's still a 20+ spread

This thing is sticky, and I don't like it. I don't appreciate it.

Bill is dead

I'm rushing for Mexico before the dollar loses all value

Additional Spam:
World Markets - CNNMoney.com

World markets are all going down.

All except Norway. =I

I am a dolphin, do you want me on your body?

Welp, I guess the near future will be the coolest time to be a communist, so let's get things started early.

YouTube Video

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I was speaking idiomatically.

A lot of people are claiming this is going to turn into another Great Depression, but the problems with Black Friday ended up being exacerbated because the Fed sat on their hands while there was a monetary constriction.

What we're seeing right now is a massive market correction, and the numbers will reflect the reality of the recession we've been in. Now, if the markets drop 1000 points and trading freezes, that's the time to really be worried.

Now is also the time for the Dems and Repubs to seriously think about what they can do to reassure the markets, but I'm not sure anything short of nationalizing all the insolvent banks is gonna work.

What kind of toxic man-thing is happening now?

Barney and Pelosi just ripped into the GOP, and of course the GOP blames the Democrats for not doing enough.

Regardless of a plurality of Republicans voting nay 90+ Dems voted down this bill, so everybody is to fucking blame for this you Goddamn hacks.

FELIPE NO

And the markets just keep going doooown doooown doooown

What, you don't want my bikini-clad body?

Hi I'm a Mac. I'm falling 24%

How ya doing, buddy?

Originally Posted by Gechmir

In 1987, the market fell somewhere around 500 points (22%) near our last economic crisis. For us to match that (22%), we'd need to drop somewhere around 2500 points or so. We've seen worse than this, seriously. Is it still bad? Yes, it is, but don't go thinking that this is the first time since 1929 that the economy has shit itself, folks.

That didn't stop some CNN talking heads from saying it is.

I laughed pretty good.

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And the DOW goes into another rebound, back to -600. I wanna ride dat rollercoaster

This thing is sticky, and I don't like it. I don't appreciate it.

DOW BACK TO -738



I am a dolphin, do you want me on your body?

The markets are now closed. dow closed at -770.59 and nasdaq at -199.

We'll see what happens Wednesday.

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Originally Posted by Aardark

and the bill will pass btw

Fuck you Aardark you were so fucking wrong.

HAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHHAA

I was speaking idiomatically.

The bill that just got voted down would've also paid out the 700 billion in installments, with 250 up front and a ton of oversight. Which is as opposed to the original Paulson plan which promised 700 billion with zero oversight.

What kind of toxic man-thing is happening now?

This bill was more agreeable than the Paulson plan.

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Man, this stinks. I shudder to see how the rest of the world reacts today.

Australia opened a few hours ago and they went down 4%.

FELIPE NO

The implicit "too big to fail" policy was a part of it, but it's mostly the 1% interest set by the Fed. With money that cheap, lenders figured they could afford to issue sub prime mortgages to as many people as they could, and even with the few who would default they'd make so many profits that they could still pay off the interest on the money.

Didn't turn out that way.

What, you don't want my bikini-clad body?

Originally Posted by Shin

If the government started investing in infrastructure, that would be a very socialist, even communist thing to do.

No it isn't.

Melomane is referring to things like roads, highways, bridges, rail lines, etc., which has been a popular practice since the Romans. Not that public works would help the economy in the short term anyways.

Jam it back in, in the dark.

Originally Posted by Aardark

Heh. Fuck you, who was wrong now?

It's you.

There's nowhere I can't reach.

A properly capitalist government would be determined by market forces, but no government to date has ever behaved that way.

Framing individual policies in absolutist terms of capitalist - Marxist or capitalist - socialist is for the birds.

This thing is sticky, and I don't like it. I don't appreciate it.

Don't make me bust out some Venn diagrams homey.

I am a dolphin, do you want me on your body?