Very unsettling times!

well, im to the point now where i'm just going to stop caring.. it doesnt look like it's going to turn out well for people on our end of the totem pole either way.

am i the only one that feels a whole lot less patriotic all of a sudden?
 
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New businesses will crop up? How eager do you think investeors will be in entering a market that has already claimed this many banks, including a pre-civilwar establishment.

If these banks don't survive we will be borrowing money from Citi, Bank of America, or Chase. It will like borrowing money from the cable company, no competition and the opposite of a free market.
 
j_chicago said:
New businesses will crop up? How eager do you think investeors will be in entering a market that has already claimed this many banks, including a pre-civilwar establishment.

If these banks don't survive we will be borrowing money from Citi, Bank of America, or Chase. It will like borrowing money from the cable company, no competition and the opposite of a free market.
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That is why they need to FIX the problem and not just throw money at it.

I as an investor would be more worried about investing now and finding out in 10 years this is going to happen again but not get bailed out.

New banks and financial institutions will rise from the ashes in either case. Bailing out the financial district just shows them no matter how bad they screw up we will protect them. Free market means you deal with the bad as well as the good, if we bail them out then its no longer a free market. If it doesn't pass and they fail but put in the right safeguards and regulations then investors will flock to them since they know the money will be safe.

I hope this latest bill fails too. Do they think because they added a few, and I stress few, good things in that they can buy support? Have you seen the junk, and lots of it, included in the new bill?
 
J double R said:
well, im to the point now where i'm just going to stop caring.. it doesnt look like it's going to turn out well for people on our end of the totem pole either way.

am i the only one that feels a whole lot less patriotic all of a sudden?
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No I feel the same way.


"Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories."
Thomas Jefferson
"I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country."
Thomas Jefferson
 
Ok, so why not fix the market now, saving the companies now and bring in (bring back) regulation to the market. Cause apparently a free market, that everyone is arguing to protect, didn't work.

Every major form of government has its plus and minus, be it democracy, socialism, or communism. Unfortuntly in democracy, major decisions, are made due public outcry and fear of that public's vote.

If you guys think that these new independent banks will be headed by a CEO that didn't come from the same school as the ones that command the failing banks now, and you think that they will put the publics interest higher then their own pockets, and the government is all out to get you, so be it. Guess there's no sense in it.
 
j_chicago said:
Ok, so why not fix the market now, saving the companies now and bring in (bring back) regulation to the market. Cause apparently a free market, that everyone is arguing to protect, didn't work.

Every major form of government has its plus and minus, be it democracy, socialism, or communism. Unfortuntly in democracy, major decisions, are made due public outcry and fear of that public's vote.

If you guys think that these new independent banks will be headed by a CEO that didn't come from the same school as the ones that command the failing banks now, and you think that they will put the publics interest higher then their own pockets, and the government is all out to get you, so be it. Guess there's no sense in it.
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Why should we pay 700 BILLION Dollars to do that when we can let them fail, put in the new regulations and start with a clean slate?

It won't matter what school the new CEOs come from, the regulations will prevent them from doing what was done previously.

All they are doing is wasting time with this bill. Spend the time fixing the problem not putting a band aid on it.
 
You think that banks will pop up over night with cash flow to lend to us, if there isn't a credit freeze? Any money they do have will probably go to big business to keep production going.

Which wouldn't be that bad, since I'm sure airlines don't pay cash for an airliner, construction companies don't pay cash for new cranes, rental car companies don't pay cash for cars. If companies don't keep production up, who's hurt, those who have made their millions living in Boca Raton or those who work on the production lines, on the constructuon site, and those working in customer service, etc and get laid off?

We will be hurt as those who despertly need to refinance out of a adjustable rate mortgage as it hits 15%. Or need to take out equity of our home to pay for an operation since our insurance no longer covers it. We who need to apply for a student loan to go to school.

So yeah, let's not help them, and see who signs our paychecks and pays our bills.
 
I will continue to invest in the market I frequent most....the Liquor store! :grinyes:
 
Foriegn investment....vast foriegn investment, is what we're seeing here in Australia.
Look abroad. The US isn't the only kid on the financial block now. China, India and Russia have money to burn. Look at the Forbes list.
 
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