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RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 7:08:42 PM   
MrRodgers


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Joined: 7/30/2005
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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. :) :) :)

Up until now I have been willing to discuss matters with you but with this, I have to tell you, it is all unmitigated bullshit. There isn't a senator or congresswhore that hasn't taken advantage of their position all of which is small potatoes. There isn't anything that the Freddies and the Fannies did for them that they didn't do for anybody.

It was Raines, smothering, purely speculative, debt, bonuses and unmitigated greed that took down Fannie just like wall street while Freddie just followed along in our pure, wholesome search for profits. You no longer seek to search the specifics of an issue, for you they are all just a vehicle to reinforce your own prejudices and presumptions.

< Message edited by MrRodgers -- 8/8/2011 7:11:26 PM >

(in reply to lockedaway)
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RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 7:14:15 PM   
thompsonx


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quote:

neither should be believed. Kinda like the mainstream media, too.



What is it about the mainstream media that you do not care for?

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RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 7:17:56 PM   
cloudboy


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quote:

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


Locked away is still here blaming Clinton. I'm waiting for him to switch to Roosevelt next.

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Profile   Post #: 23
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 7:23:54 PM   
thompsonx


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quote:

Locked away is still here blaming Clinton. I'm waiting for him to switch to Roosevelt next


He has already tried but was unable to discern the difference between "court packing" and the constitutional requirement of the president to appoint justices to the scotus.

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RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 7:28:01 PM   
imperatrixx


Posts: 903
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quote:

ORIGINAL: thompsonx

quote:

neither should be believed. Kinda like the mainstream media, too.



What is it about the mainstream media that you do not care for?


Come on. They refer to Michele Bachmann as a "Presidential Candidate." You just can't take that sort of shit seriously.

(in reply to thompsonx)
Profile   Post #: 25
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 7:34:00 PM   
Sanity


Posts: 22039
Joined: 6/14/2006
From: Nampa, Idaho USA
Status: offline
Point out some of Obamas wildly obvious hypocrisy and Ive seen some of the Dems excuse it by saying something like, "oh well, what do you expect from a politician" or "So? Bush was like that too..."

But the Tea Partiers arent politicians, are they. Theyre not fiscally liberal like Bush, either - they stand by their fiscally conservative principles.

And for that the far left is going insane with hatred toward them. Theyre called terrorists and traitors, and so on.

For doing what they said they would do, doing what they were elected to do.

quote:

ORIGINAL: StrangerThan
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.





< Message edited by Sanity -- 8/8/2011 7:35:11 PM >

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RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 7:54:35 PM   
StrangerThan


Posts: 1515
Joined: 4/25/2008
Status: offline 		I know. What the hell is Washington going to do with political types who actually believe in what they're doing?




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Profile   Post #: 27
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 8:23:13 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
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.

Actually for once he is right. A lot of money that left the market today went into Treasuries. The downgrade should have caused the interest rate on treasuries to go up, the price paid for the bonds would go down, but the opposite happened (at least on 2 year and longer bonds).

(in reply to Politesub53)
Profile   Post #: 28
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 8:30:33 PM   
lockedaway


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

ORIGINAL: MrRodgers

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. :) :) :)

Up until now I have been willing to discuss matters with you but with this, I have to tell you, it is all unmitigated bullshit. There isn't a senator or congresswhore that hasn't taken advantage of their position all of which is small potatoes. There isn't anything that the Freddies and the Fannies did for them that they didn't do for anybody.

It was Raines, smothering, purely speculative, debt, bonuses and unmitigated greed that took down Fannie just like wall street while Freddie just followed along in our pure, wholesome search for profits. You no longer seek to search the specifics of an issue, for you they are all just a vehicle to reinforce your own prejudices and presumptions.


Don't be a partisan IDIOT.  Your fucking president took $164,000 in payoffs to cheer lead for Fannie Mae.  Get the fuck over it!!!  You want to make excuses for people?  I guess you should probably make excuses for yourself first....right???

"The total listed for Obama is $126,349 - a tiny fraction of the approximately $390 million his campaign has raised, according to the center. The list shows McCain has received a total of $21,550 from Fannie and Freddie employees. The list includes donations of at least $200 from those who receive paychecks from Fannie and Freddie. It also includes donations from political action committees - pooled contributions from employees."

Oooops...my fucking mistake...$126,349.00.  I was off by less than 40k.  Have other senators taken donations?  Sure...but here is the interesting part; there WAS NO SUBPRIME MORTGAGE CRISIS prior to the repeal of Glass Steagall in 1999.  If I am incorrect......................................................correct me.

Obama was cheer leading during the time he was Senator which was from 2005 through 2008; the height of the American RAPE. 

Look...all of libs are unpatriotic socialists anyway.  You have your hands out even while you watch your country race downward like a Brazilian landslide.  For fuck sake, just come out and admit it?  Don't talk about how much you love the U.S. when YOUR president has increased the debt more than any other president in 30 months than, perhaps, FDR.  Why bother?  The rest of us know you are full of fucking shit.

You love your cocksucker so much?  Fine.  Come out and say you are socialists.  Come out and advocate for a 90% tax bracket for any family making a combined income of $250,000.00 per year.  Fucking say it already you no good pieces of skunk shit.  Say it and OWN it.

< Message edited by lockedaway -- 8/8/2011 8:31:36 PM >

(in reply to MrRodgers)
Profile   Post #: 29
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 8:36:04 PM   
lockedaway


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

ORIGINAL: StrangerThan

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.





Good post!  McCain, Hillary, Obama, Romney; they are all trash.  They are slightly different shades of gray....of each other.  Garbage.  Shit..."Meet the new boss.....same as the old boss."

(in reply to StrangerThan)
Profile   Post #: 30
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 9:04:50 PM   
Hippiekinkster


Posts: 5512
Joined: 11/20/2007
From: Liechtenstein
Status: offline
quote:

ORIGINAL: cloudboy

quote:

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


Locked away is still here blaming Clinton. I'm waiting for him to switch to Roosevelt next.
I think that, deep down inside, he's got this "thing" about "The Emancipation Proclamation".


_____________________________

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“Nothing we do, however virtuous, can be accomplished alone; therefore we are saved by love.” Reinhold Ne

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Profile   Post #: 31
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 10:59:58 PM   
cloudboy


Posts: 7306
Joined: 12/14/2005
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quote:

I think that, deep down inside, he's got this "thing" about "The Emancipation Proclamation".


The catalyst before that was the Whiskey Rebellion.

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Profile   Post #: 32
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 11:06:22 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		"You love your cocksucker so much?  Fine.  Come out and say you are socialists.  Come out and advocate for a 90% tax bracket for any family making a combined income of $250,000.00 per year.  Fucking say it already you no good pieces of skunk shit.  Say it and OWN it. "

Sure, take all the fucking money. Unless you got enough for a Lear, everything money can buy is worth shit anyway. But now if people's jobs are to take other people's money, who takes it from them ?

I'm having a real hard time caring less about this shit. Let the whole damn fucking thing go down once and for all. Fuck this slow torture shit. Stock up on cat food and let it fall, like it SHOULD HAVE IN 1929.

Own THAT.

T^T

(in reply to lockedaway)
Profile   Post #: 33
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 11:08:55 PM   
lockedaway


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

ORIGINAL: Termyn8or

"You love your cocksucker so much?  Fine.  Come out and say you are socialists.  Come out and advocate for a 90% tax bracket for any family making a combined income of $250,000.00 per year.  Fucking say it already you no good pieces of skunk shit.  Say it and OWN it. "

Sure, take all the fucking money. Unless you got enough for a Lear, everything money can buy is worth shit anyway. But now if people's jobs are to take other people's money, who takes it from them ?

I'm having a real hard time caring less about this shit. Let the whole damn fucking thing go down once and for all. Fuck this slow torture shit. Stock up on cat food and let it fall, like it SHOULD HAVE IN 1929.

Own THAT.

T^T


LOLOLOLOL I agree with you, Termy.  LOLOLOL

(in reply to Termyn8or)
Profile   Post #: 34
RE: Stock Market falls 500 points over credit downgrading - 8/8/2011 11:29:32 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		Dow dropped over 600 points.

This years gains?

Wiped out.

John-boner: "I got 98% of what I wanted"......

I predict that that boner-statement, will turn around and bite him.

Possibly fatally(politically).

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President Obama

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Profile   Post #: 35
RE: Stock Market falls 500 points over credit downgrading - 8/9/2011 6:48:32 AM   
mnottertail


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quote:

ORIGINAL: Sanity
But the Tea Partiers arent politicians, are they. Theyre not fiscally liberal like Bush, either - they stand by their fiscally conservative principles.


As they vote in the historically largest debt in history.
To repeat an untruth, ad nauseam, does not imbue it with reality.

There are no fiscal conservative principles.

There are jingoes, and that is the alpha and omega of that teabagger shit. 

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RE: Stock Market falls 500 points over credit downgrading - 8/9/2011 10:16:25 AM   
joether


Posts: 5195
Joined: 7/24/2005
Status: offline
quote:

ORIGINAL: mnottertail
quote:

ORIGINAL: Sanity
But the Tea Partiers arent politicians, are they. Theyre not fiscally liberal like Bush, either - they stand by their fiscally conservative principles.

As they vote in the historically largest debt in history.
To repeat an untruth, ad nauseam, does not imbue it with reality.

There are no fiscal conservative principles.

There are jingoes, and that is the alpha and omega of that teabagger shit. 


Working on what mnottertail expressed. Fiscal conservatives have utterly 'zero' credibility right now. They are the ones who voted for George W. Bush in both elections, and McCain in the most recent one. Neither of these individuals understood macroeconomics better than the average tea party idiot. When President Bush and Congress issued all those tax cuts in 2000-20002, the fiscal conservatives blindly went 'with the flow' in voting and support. Only a moron can not see those tax cuts created the current US Deficit we are experiencing AND a good portion of the US Debt. Fiscal conservatives didn't utter a peep in protest to how we paid for the Iraq war (which equals about 1/4th of the current US Debt). Likewise, they failed to grasp what would happen to the markets, the economy and the nation's ability to manage its monetary obligations when the Republicans eliminated regulations and inspectors.

Yes, 'fiscal conservative' is a polite way of saying 'total fucking idiot'. When the tax cuts were made, why was the US Spending not ALSO reduced at the time? Fiscal conservatives didn't put two and two together to arrive at an answer of four. They voted for the people that screwed up the country. Who gives a DAMN what they think now on ANYTHING?

(in reply to mnottertail)
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RE: Stock Market falls 500 points over credit downgrading - 8/9/2011 10:40:54 AM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		If you had purchased $1,000 of shares in Delta Airlines one year ago, you would have $49 today! If you purchased $1,000 of shares in AIG, you would have $33. If you purchased $1,000 of shares in Lehman Brothers, you would have $0 today. But, if you purchased $1,000 worth of beer, drank all the beer, turned in the aluminum cans for recycling, you would have $214. So the best current investment plan is to drink heavily & recycle. It is called the 401-Keg Plan.....Drink up!!!



Hunky might have an idea.

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Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

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RE: Stock Market falls 500 points over credit downgrading - 8/9/2011 10:44:23 AM   
Iamsemisweet


Posts: 3651
Joined: 4/9/2011
From: The Great Northwest, USA
Status: offline 		The fact is, we need to get out of the wars that we now cannot afford.  Remember the Soviets little foray into Afghanistan?  They ended up with no money and lots of internal discord.  Sound familiar?  This would be a great place to start cutting spending.  We have already lost, no point in having our country go down too.  As far as I am concerned, failing to withdraw from these wars is Obama's biggest failure and possibly our undoing.

_____________________________

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.

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RE: Stock Market falls 500 points over credit downgrading - 8/9/2011 12:13:38 PM   
willbeurdaddy


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

ORIGINAL: Iamsemisweet

The fact is, we need to get out of the wars that we now cannot afford.  Remember the Soviets little foray into Afghanistan?  They ended up with no money and lots of internal discord.  Sound familiar?  This would be a great place to start cutting spending.  We have already lost, no point in having our country go down too.  As far as I am concerned, failing to withdraw from these wars is Obama's biggest failure and possibly our undoing.


He has been withdrawing from Iraq, pretty much on the Generals' and Bush's timetable. Recent escalation in violence shows that withdrawing too soon would be a mistake. Afghanistan...we agree. It should never have been escalated, we have no winnable objectives there, and they shouldnt be receiving any aid money either.

< Message edited by willbeurdaddy -- 8/9/2011 12:26:39 PM >

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

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Profile   Post #: 40
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