Collarspace Discussion Forums


Home  Login  Search 

Stock Market falls 500 points over credit downgrading


View related threads: (in this forum | in all forums)

Logged in as: Guest
 
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> Stock Market falls 500 points over credit downgrading Page: [1] 2   next >   >>
Login
Message << Older Topic   Newer Topic >>
Stock Market falls 500 points over credit downgrading - 8/8/2011 3:41:33 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		What kind of political party would kill our economy, in hopes that their opposition would get the blame?

Wall Street plummets as fear jumps on historic downgrade"

http://news.yahoo.com/stock-index-futures-tumble-p-downgrade-100133772.html

GOP Candidates Blame Obama for Credit Rating Downgrade

http://blogs.abcnews.com/thenote/2011/08/gop-candidates-blame-obama-for-credit-rating-downgrade.html

_____________________________

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

President Obama
Profile   Post #: 1
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 3:55:00 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

ORIGINAL: Owner59

What kind of political party would kill our economy, in hopes that their opposition would get the blame?

Wall Street plummets as fear jumps on historic downgrade"

http://news.yahoo.com/stock-index-futures-tumble-p-downgrade-100133772.html

GOP Candidates Blame Obama for Credit Rating Downgrade

http://blogs.abcnews.com/thenote/2011/08/gop-candidates-blame-obama-for-credit-rating-downgrade.html


LOLOLOL You are sooo stupid.

(in reply to Owner59)
Profile   Post #: 2
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 4:00:11 PM   
Iamsemisweet


Posts: 3651
Joined: 4/9/2011
From: The Great Northwest, USA
Status: offline 		S & P is downgrading Fannie and Freddie?  Too bad they didn't do their job before, when they were rating sub prime mortgage securities as AAA.  Now they tell us. 
I am having a hard time understanding why this downgrade is causing the reaction that it is, in light of this company's history.  Do people really believe that this is the end of the world as we know it?
Oh well, time to buy stock.



_____________________________

Alice: But I don't want to go among mad people.
The Cat: Oh, you can't help that. We're all mad here. I'm mad. You're mad.
Alice: How do you know I'm mad?
The Cat: You must be. Or you wouldn't have come here.

(in reply to lockedaway)
Profile   Post #: 3
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 4:10:45 PM   
MileHighM


Posts: 400
Joined: 10/8/2009
Status: offline
quote:

ORIGINAL: Owner59

What kind of political party would kill our economy, in hopes that their opposition would get the blame?

Wall Street plummets as fear jumps on historic downgrade"

http://news.yahoo.com/stock-index-futures-tumble-p-downgrade-100133772.html

GOP Candidates Blame Obama for Credit Rating Downgrade

http://blogs.abcnews.com/thenote/2011/08/gop-candidates-blame-obama-for-credit-rating-downgrade.html



I am sure you are trying to tie this to being purely about the S&P downgrade of the US credit rating. This slide was so far beyond that. It was partly because of the situation in the EU and their own debt problems, and also because of the downgrade of Freddie and Fannie. They hold a lot of bad debt and rely heavily on the government for solvency. This is sooooooo beyond partisan politics. You can lay the blame on whatever doorstep you want. NO ONE and I mean NO ONE dem or repub is doing a hill of beans to fix shit and have opted to just kick the can so to speak. If I was a trader, I would be worried too.


(in reply to Owner59)
Profile   Post #: 4
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 4:28:55 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

ORIGINAL: Iamsemisweet

S & P is downgrading Fannie and Freddie?  Too bad they didn't do their job before, when they were rating sub prime mortgage securities as AAA.  Now they tell us. 
I am having a hard time understanding why this downgrade is causing the reaction that it is, in light of this company's history.  Do people really believe that this is the end of the world as we know it?
Oh well, time to buy stock.




Ummmm.....where you been?????  Did you know that there were 3 senators that were cheer leaders for Fannie Mae and got kick backs from Fannie?  Did you know that?  The Senators were Chris Dodd, Barney Frank and Barrack Obama.  In the shortest amount of time, one senator collected more money than the others.  Do you know who?????  Barrak Obama received $164,000.00 in two years. :) :) :)

(in reply to Iamsemisweet)
Profile   Post #: 5
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 4:31:12 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

ORIGINAL: MileHighM


quote:

ORIGINAL: Owner59

What kind of political party would kill our economy, in hopes that their opposition would get the blame?

Wall Street plummets as fear jumps on historic downgrade"

http://news.yahoo.com/stock-index-futures-tumble-p-downgrade-100133772.html

GOP Candidates Blame Obama for Credit Rating Downgrade

http://blogs.abcnews.com/thenote/2011/08/gop-candidates-blame-obama-for-credit-rating-downgrade.html



I am sure you are trying to tie this to being purely about the S&P downgrade of the US credit rating. This slide was so far beyond that. It was partly because of the situation in the EU and their own debt problems, and also because of the downgrade of Freddie and Fannie. They hold a lot of bad debt and rely heavily on the government for solvency. This is sooooooo beyond partisan politics. You can lay the blame on whatever doorstep you want. NO ONE and I mean NO ONE dem or repub is doing a hill of beans to fix shit and have opted to just kick the can so to speak. If I was a trader, I would be worried too.




You give him too much credit.  He isn't bright enough to tie his fucking shoes!  He is only trying to say that the ENORMOUS landslide was caused by republicans.  He is not smart enough or well read enough to know that there are market analysts that are referring to this as "really" just a correction.  Now...I think it was a bit much for a correction.  If Moody's were to downgrade us, I think you would see a landslide so sharp that the exchange would be closed down early.

(in reply to MileHighM)
Profile   Post #: 6
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 4:41:08 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html

there are many politicians who get money from fannie and freddie.

There needs to be some serious lawmaking to stop this and other money.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to lockedaway)
Profile   Post #: 7
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 4:44:11 PM   
tj444


Posts: 7574
Joined: 3/7/2010
Status: offline
quote:

ORIGINAL: mnottertail
There needs to be some serious lawmaking to stop this and other money.

thats great in theory but exactly who in the govt is gonna actually do that?

_____________________________

As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

(in reply to mnottertail)
Profile   Post #: 8
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 4:56:26 PM   
Iamsemisweet


Posts: 3651
Joined: 4/9/2011
From: The Great Northwest, USA
Status: offline 		Don't quite know what this has to do with S & P and their actions, but thanks for the input

quote:

ORIGINAL: lockedaway

quote:

ORIGINAL: Iamsemisweet

S & P is downgrading Fannie and Freddie?  Too bad they didn't do their job before, when they were rating sub prime mortgage securities as AAA.  Now they tell us. 
I am having a hard time understanding why this downgrade is causing the reaction that it is, in light of this company's history.  Do people really believe that this is the end of the world as we know it?
Oh well, time to buy stock.




Ummmm.....where you been?????  Did you know that there were 3 senators that were cheer leaders for Fannie Mae and got kick backs from Fannie?  Did you know that?  The Senators were Chris Dodd, Barney Frank and Barrack Obama.  In the shortest amount of time, one senator collected more money than the others.  Do you know who?????  Barrak Obama received $164,000.00 in two years. :) :) :)



_____________________________

Alice: But I don't want to go among mad people.
The Cat: Oh, you can't help that. We're all mad here. I'm mad. You're mad.
Alice: How do you know I'm mad?
The Cat: You must be. Or you wouldn't have come here.

(in reply to lockedaway)
Profile   Post #: 9
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 5:00:30 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: Iamsemisweet

Don't quite know what this has to do with S & P and their actions, but thanks for the input



The market drop has little or nothing to do with the downgrading to begin with. Treasury prices went UP.

If youre car shopping and read that the Toyota you wanted has recurring brake problems, would you go back to the dealer and offer more than your last offer, and sell your reliable Lexus at the same time?

The market drop is due to the economy and Obama's speech and him playing his same old "blame everyone else but me" game.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

(in reply to Iamsemisweet)
Profile   Post #: 10
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 5:04:26 PM   
Politesub53


Posts: 14862
Joined: 5/7/2007
Status: offline 		Yeah Wilbur, the market drop has little to do with investors on the worlds markets worried about the downgrading, thats why its in freefall.

(in reply to willbeurdaddy)
Profile   Post #: 11
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 5:11:56 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: Politesub53

Yeah Wilbur, the market drop has little to do with investors on the worlds markets worried about the downgrading, thats why its in freefall.


Good, Im glad you at least understand.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

(in reply to Politesub53)
Profile   Post #: 12
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 5:13:38 PM   
lockedaway


Posts: 1720
Joined: 3/15/2007
Status: offline
quote:

Too bad they didn't do their job before, when they were rating sub prime mortgage securities as AAA. Now they tell us.


You are blaming S&P for "not doing their jobs" when you have a motherfucking president complicit in persuading people that Fannie was not over leveraged?  Are you kidding me????  You have joined the ranks of Owner59, Lucy, and some of the others.  Congratulations, you must be very proud.

(in reply to Iamsemisweet)
Profile   Post #: 13
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 5:14:52 PM   
thompsonx


Posts: 23322
Joined: 10/1/2006
Status: offline
quote:

He isn't bright enough to tie his fucking shoes!


This from the individual who thinks that court packing is when the president fulfills his constitutional duty to appoint justices to the scotus.
You are quick to call others stupid while at the same time posting the most ignorant puerile nonsense.

(in reply to lockedaway)
Profile   Post #: 14
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 5:25:09 PM   
Iamsemisweet


Posts: 3651
Joined: 4/9/2011
From: The Great Northwest, USA
Status: offline 		Whatever.  Still has nothing to do with S & P's failure to correctly evaluate the risk of sub prime mortgage securities, which, of course, turned out to be quite risky.   
quote:

ORIGINAL: lockedaway

quote:

Too bad they didn't do their job before, when they were rating sub prime mortgage securities as AAA. Now they tell us.


You are blaming S&P for "not doing their jobs" when you have a motherfucking president complicit in persuading people that Fannie was not over leveraged?  Are you kidding me????  You have joined the ranks of Owner59, Lucy, and some of the others.  Congratulations, you must be very proud.



_____________________________

Alice: But I don't want to go among mad people.
The Cat: Oh, you can't help that. We're all mad here. I'm mad. You're mad.
Alice: How do you know I'm mad?
The Cat: You must be. Or you wouldn't have come here.

(in reply to lockedaway)
Profile   Post #: 15
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 5:29:18 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: Iamsemisweet

Whatever.  Still has nothing to do with S & P's failure to correctly evaluate the risk of sub prime mortgage securities, which, of course, turned out to be quite risky.   



It is, unfortunately, not uncommon for the ratings agencies to stand behind an investment right up until the day before it tanks.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

(in reply to Iamsemisweet)
Profile   Post #: 16
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 5:36:00 PM   
Iamsemisweet


Posts: 3651
Joined: 4/9/2011
From: The Great Northwest, USA
Status: offline 		Yes.  Exactly.  S & P is incompetent, and their rating means nothing. 
Well, gotta get back to picking stocks.  I think there are some bargains out there. 

quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Iamsemisweet

Whatever.  Still has nothing to do with S & P's failure to correctly evaluate the risk of sub prime mortgage securities, which, of course, turned out to be quite risky.   



It is, unfortunately, not uncommon for the ratings agencies to stand behind an investment right up until the day before it tanks.


_____________________________

Alice: But I don't want to go among mad people.
The Cat: Oh, you can't help that. We're all mad here. I'm mad. You're mad.
Alice: How do you know I'm mad?
The Cat: You must be. Or you wouldn't have come here.

(in reply to willbeurdaddy)
Profile   Post #: 17
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 6:39:42 PM   
blacksword404


Posts: 2068
Joined: 1/4/2008
Status: offline
quote:

ORIGINAL: tj444


quote:

ORIGINAL: mnottertail
There needs to be some serious lawmaking to stop this and other money.

thats great in theory but exactly who in the govt is gonna actually do that?


Nobody from within the system that's for sure. Working as a local politician up to state, to washington teaches them the Washington way of doing things. By the time they get there they only know one way of doing things. So it means nothing when they say they will reform or change their ways. They can't. They don't have another way to change to. And they are severely resistant to change.

_____________________________

Don't fight him. Embrace your inner asshole.

Tu fellas magnus penum meum...iterum

Genuine catnip/kryptonite.
Ego sum erus.

The capacity to learn is a gift, the ability to learn a skill, the willingness to learn a choice. Dune HH

(in reply to tj444)
Profile   Post #: 18
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 6:53:47 PM   
ArizonaBossMan


Posts: 380
Joined: 2/9/2011
Status: offline 		Point well taken on the lack of heads up on the sub primes. S&P and Moody's... that's it, it's all ya got... but neither should be believed. Kinda like the mainstream media, too.

(in reply to blacksword404)
Profile   Post #: 19
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 7:01:53 PM   
StrangerThan


Posts: 1515
Joined: 4/25/2008
Status: offline
quote:

ORIGINAL: Owner59

What kind of political party would kill our economy, in hopes that their opposition would get the blame?



You know, there's a lot of convenient forgetting going on here. The Tea Party folks stuck to their guns. I'll give you that, but in the lead up, there were Democrats killing bills within two hours of their passage, tweeting things like, this bill dies tonight before it even passed. Obama was dictating to Congress what he would accept, and threatening to veto if he didn't get what he wanted.

Reid was posturing, Boehner was posturing. McCain was talking out of both sides of his mouth, talking tough on one side, but clarifying it that bottom line, they had to pass the debt ceiling. The more I learn about him, the more I dislike him, and the more I'm glad I didn't vote for him. He reminds me too much of Arlen Spector, who was more worried about getting re-elected than either doing the job he was sent to do, or doing the right thing.

And in the end, they did nothing more than continue what they were doing during the wrangling, which was point fingers at each other and scream blame.

Before the elections, I told someone out here that the Tea Party folks would do exactly what they did. They would say no, and mean no.




_____________________________


--'Whenever you find yourself on the side of the majority, it is time to reform' - Mark Twain

(in reply to Owner59)
Profile   Post #: 20
Page:   [1] 2   next >   >>
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> Stock Market falls 500 points over credit downgrading Page: [1] 2   next >   >>
Jump to:





New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts




Collarchat.com © 2025
Terms of Service Privacy Policy Spam Policy

0.109