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Post by NotMyKid on Feb 10, 2009 16:08:42 GMT -6
I guess they weren't very happy with the stimulus plan. -382 (4.6%)  |
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Post by NOTTHOR on Feb 10, 2009 16:11:42 GMT -6
Meh, classic buy the rumor sell the news. The banking issue is the problem, not the stimulus plan.
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Post by thunderhawk on Feb 10, 2009 20:21:14 GMT -6
I guess they weren't very happy with the stimulus plan. -382 (4.6%) It was the bailout that pissed them off. Although one must ponder...if it pissed off the cocksuckers who caused the problem, maybe it ain't all bad. Still, my portfolio is not amused. |
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Post by NOTTHOR on Feb 11, 2009 8:55:31 GMT -6
I guess they weren't very happy with the stimulus plan. -382 (4.6%) It was the bailout that pissed them off. Although one must ponder...if it pissed off the cocksuckers who caused the problem, maybe it ain't all bad. Still, my portfolio is not amused. Every time Geithner opens his mouth, I can't help but see the head of the Bank of Japan or the Japanese Minister of Finance. Political appointment. Would not be able to hack it in an investment bank. Lifetime of public service. No clue how deep the problem is. We are in damn near the same state of comatose finance as Japan has been in for 18 years. It ain't rocket science. Banks and investors lent a bunch of money into a giant speculative real estate bubble, the bubble burst and now the assets on the banks' balance sheets are fucking worth way less than they were 2 years ago and several of the banks are insolvent. Plus, everybody is deleveraging, from big businesses down to proles, at least proles who have any common sense whatsoever. Now you can say you'll take the banks down, but we saw how fucking well that worked with Lehman, and Lehman was a fly on an elephant's ass compared to Citibank or Bank of America. You can inject capital, which we've done, but then you get into this clusterfuck of government telling the bankers what to do, despite the fact the gov owns NON-voting shares. Finally, you can start buying the shit assets and make the bankers promise not to do it again. That's allegedly the plan, but no one has the slightest fucking clue how it will work, especially the pencil necked east coast douche who is allegedly in charge of running the program. That's why the market tanked. |
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Post by socal on Feb 11, 2009 10:31:48 GMT -6
I guess they weren't very happy with the stimulus plan. -382 (4.6%) That might mean something if the market weren't down several thousand over the past few months... Does the +88 they show right now mean anything? |
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