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Could the current fiancial crisis be the beginning of t... - 10/12/2008 8:00:53 AM   
corysub


Posts: 1492
Joined: 1/1/2004
Status: offline 		The Ministers of the 15 Euro countries are meeting today to try to find and execute a plan to salvage their financial institutions.  Any thoughts as to the risks that should they not be able to develop an executable plan? Could be the beginning of every country assuming the embro position and putting up walls to insulate themselves from those countries that are toxic?  Recent weakness in the Euro prompts this question.
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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 8:11:19 AM   
Owner59


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Joined: 3/14/2006
From: Dirty Jersey
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I`m going with what Bush says.Whatever he says,goes.

Tho this isn`t his fault or responsibility,he will bravely guide us through these troubled times.

Fear not,the honorable Senator John McCain is ready to take the reins come the new year and will be just as affective as our great president.

And his faithful and trustworthy VP will also be there to help.

We are in the best and safest of hands..

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

(in reply to corysub)
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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 8:15:29 AM   
Venatrix


Posts: 2238
Joined: 11/28/2007
Status: offline 		Err, aren't you a bit old to believe in fairy tales?

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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 8:17:08 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		No.

All the assets are still there. Nothing is lost in any physical sense.

The crisis is the lack of a market. You can't buy what no one is willing to sell to you. And because of the global investment in shaky bundled derivatives, discovering and validating who's financially secure is difficult---and even those secure could find themselves caught short when a debtor falls. Consequently, banks are holding cash, drying up the credit markets and seizing up the wheels that drive day to day financial activity.

In time, it will get sorted out. In the interim, it's gonna play havok with the economy.

(in reply to corysub)
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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 8:28:25 AM   
corysub


Posts: 1492
Joined: 1/1/2004
Status: offline
quote:

ORIGINAL: Owner59



I`m going with what Bush says.Whatever he says,goes.

Tho this isn`t his fault or responsibility,he will bravely guide us through these troubled times.

Fear not,the honorable Senator John McCain is ready to take the reins come the new year and will be just as affective as our great president.

And his faithful and trustworthy VP will also be there to help.

We are in the best and safest of hands..

and


Bush?  God, the left would be totally "mute" if it wasn't for George Bush. They really don't have much else to bring to a conversation..BUSH  BUSH BUSH BUSH...  :)

(in reply to Owner59)
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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 8:33:56 AM   
Raechard


Posts: 3513
Joined: 3/10/2007
From: S.E. London U.K.
Status: offline 		We've welcomed some of the most undeveloped countries of Europe into the EU and given them substantial financial subsidies to aid their development. This is the ethos of the EU that we are stronger as a whole, therefore what is being suggested here will not occur in my opinion.

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えへまにんへえや
Nobody wants to listen to the same song over and over again!

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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 8:44:49 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
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quote:

ORIGINAL: corysub

quote:

ORIGINAL: Owner59



I`m going with what Bush says.Whatever he says,goes.

Tho this isn`t his fault or responsibility,he will bravely guide us through these troubled times.

Fear not,the honorable Senator John McCain is ready to take the reins come the new year and will be just as affective as our great president.

And his faithful and trustworthy VP will also be there to help.

We are in the best and safest of hands..

and


Bush?  God, the left would be totally "mute" if it wasn't for George Bush. They really don't have much else to bring to a conversation..BUSH  BUSH BUSH BUSH...  :)

quote:

God, the left would be totally "mute" if it wasn't for George Bush. They really don't have much else to bring to a conversation..BUSH  BUSH BUSH BUSH


See my above post. Not one mention.

You, though, my wet duck, seem caught in a single position.

(in reply to corysub)
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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 8:48:17 AM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		59, methinkst thou sarcasm is overly veiled, and some will not understand.

Actually there is a real threat, if countries decide to absolve themselves of US debt. It is bad enough now, and the only thing holding it together is that we are a comsumer nation. Problem is we produce practically nothing. While they would like to see their customers buying, and able to buy, they are not going to take worthless scrip for their products for very long.

As O59 said, the great Bush will lead us through this crisis, and well he should, because it is his "leadership" that brought us to this point. Disagree ? OK, How many foreclosures were there in 1999 ? How many foreclosures were there in 2007 ? Simple question, deserves a simple answer. You know the answer, there are alot more foreclosures than there used to be.

If this is due to banking regulations being schloughed off, who's fault is that ?

If this is due to people losing their jobs en masse, who's fault is that ?

I hope this whole fiasco ends. Let it fall and I hope you all are isolated from it somehow. I am. There is only one lien on one house in the whole family and really, if that house got lost we don't care. It is empty, not rented or anything. If it goes it is one less payment. Wanna buy a house ? Really, we will even lose money on it just to get rid of it (within reason). We don't want to play landlord, that is a can of worms. If we wanted to play landlord we would have lots of houses. It's just not our type of game.

So really, secure in our homes and vehicles (all paid off) we don't care. I do care about others, but you can only care so much, and when things like this happen, well it simply wasn't my fault. I didn't do it. It does not make me happy to see people put out of their homes, nor for them to take their money out of the bank and find out it is only worth half of what it was when they put it in, by no means.

People have mentioned that this was going to be a rough ride, but few realize just how rough it is going to get.

I will not put money in the stock market, I will not support McBush because that one ad is absolutely right, what if they had privatized social security ?

I have a policy when I go to work, I want my money on payday. I don't need anyone to hold my money. I don't play that game. I only play games in which I have some chance of winning.

And that is that.

And Hunk, if you happen to read this, NEVER borrow money for gambling, and the market is gambling.

T

(in reply to Venatrix)
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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 9:05:15 AM   
Musicmystery


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quote:

Problem is we produce practically nothing.


Nope.

U.S. Exports

< Message edited by Musicmystery -- 10/12/2008 9:06:06 AM >

(in reply to Termyn8or)
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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 9:15:26 AM   
Venatrix


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Joined: 11/28/2007
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quote:

ORIGINAL: Termyn8or

59, methinkst thou sarcasm is overly veiled, and some will not understand.



I note that you replied to me, rather than 59, so, just for the record, I understood just fine.  It seems *you* didn't understand my comment.

(in reply to Termyn8or)
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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 9:22:06 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		***rolls eyes****

Come on folks---the poster merely noted some may have see obvious irony in 59's post as literal.



< Message edited by Musicmystery -- 10/12/2008 10:04:19 AM >

(in reply to Venatrix)
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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 10:00:47 AM   
Venatrix


Posts: 2238
Joined: 11/28/2007
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quote:

ORIGINAL: Musicmystery

***rolls eyes****

Common folks---the poster merely noted some may have see obvious irony in 59's post as literal.




***rolls eyes***

Then he ought to be more careful about where he puts his fingers, oughtn't he?  If the post is addressed to me, I have no choice but to assume that the post is addressed to me, right?  BTW, I assume you mean "come on, folks," not "common folks."

(in reply to Musicmystery)
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RE: Could the current fiancial crisis be the beginning ... - 10/12/2008 10:03:42 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		As you wish.

It so enriches the discussion.

(in reply to Venatrix)
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