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STOCK MARKET DROPS 504 PTS.....

917 Views 17 Replies 14 Participants Last post by  clutch
These large investment groups are being bailed out by you and I, don't think otherwise.......wish someone would bail me out.....waaaaaaaay, waaaaaaaaay :drink:

Greedy bastards.......

Bulldog
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its crazy! if this keeps up i will have a house in no time! its a sad situation but i just hope i get to take advantage of it before it gets better
These large investment groups are being bailed out by you and I, don't think otherwise.......wish someone would bail me out.....waaaaaaaay, waaaaaaaaay :drink:

Greedy bastards.......

Bulldog[/b]
I tried hanging on to my @ss, but I lost it. I was told last week I have a job until Oct 3rd. :banghead:
These large investment groups are being bailed out by you and I, don't think otherwise.......wish someone would bail me out.....waaaaaaaay, waaaaaaaaay :drink:

Greedy bastards.......

Bulldog[/b]
I tried hanging on to my @ss, but I lost it. I was told last week I have a job until Oct 3rd. :banghead:
[/b]
frick! that sucks i was in the same boat and just barely escaped it. look on the bright side. alot of companies don't even give a warning. i can't amagine walking up to your desk and finding that pinkslip. its time to start looking for something new. hope you get a new job and can tell ur current employer where to go
someone on the radio said that this is the biggest event in the stockmarket since the great depression. is that true?
someone on the radio said that this is the biggest event in the stockmarket since the great depression. is that true?[/b]
They just said on the news that it is the biggest drop since 9-11-01.

And the 6th biggest drop in history.
the banks made their bed and now they don't have to lay in it, because those of us who pay our bills are going to bail them out!!!! it sux. those of us who are responsible with our money are ultimately the ones who are getting completely screwed on all these so called bail outs. it really pi$$es me off.

bueller, sorry to hear that you are a victim of this screwy economy. you will find another job and be just fine. good luck!!

i honestly don't think any of our jobs are set in concrete right now. i just want to point out that the economy didn't start to take a sh!t until the democrats took over the senate. its been all downhill from there. think about it.
wow its crazy how we are living in a time where anything can happen. as far as the democrats go, i am not going to place blam because i haven't been keeping up on my politics but what i will say is there is no way i want to pay any more taxes when people can barely afford to pay for anything else. and as we all know... democrats=higher taxes. and just like we had to bail out the banks... we will have to bail out everyone else. and one last thing... just like social security, you pay in it all your life and by the time you step up to bat there are no more balls in the pitching machine.
the banks made their bed and now they don't have to lay in it, because those of us who pay our bills are going to bail them out!!!! it sux. those of us who are responsible with our money are ultimately the ones who are getting completely screwed on all these so called bail outs. it really pi$$es me off.

bueller, sorry to hear that you are a victim of this screwy economy. you will find another job and be just fine. good luck!!

i honestly don't think any of our jobs are set in concrete right now. i just want to point out that the economy didn't start to take a sh!t until the democrats took over the senate. its been all downhill from there. think about it.[/b]
I don't think you can blame it on the Senate. Banks giving loans to some people that they knew would not be able to afford sooner or later, is the problem. There are only so many houses that are really worth half a million dollars or more. And what kind of income does it take to actually make the mortgage payments and all the other bills? Then add in the gas price increase which increased all the other living expenses. I think that it will, unfortunately, get worse before it gets better. If you want to put the blame on the politicians, then look to the current administration. But, I don't think they had much to do with it. Has to do with banks and people with little forsight.

I know I could have bought a $750K home with some property 5 years ago, but I looked at what mortgages were being offered, including the interest only loans for 5 years, then start paying the principle and interest, and said there is no way that I could keep the same lifestyle and afford the payment in 5 years. So, I passed and am glad I did now.

I'm sorry for all of us who pay our bills on time and then those who have to suffer the loss of a job which puts more of strain on their families and the economy.
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i am not completely blaming it on the senate. i just don't think it is any coincidence that the economy started to take a dump when the democrats took over the senate.

i 100% agree with you that it was poor lending practices that has caused this banking collapse. however, it is the senate that regulates what kind of guidelines lenders have to follow. and it is the senate that has decided to bail out these failing banking giants. i don't know if bailing them out is good or bad for you and i. all i know is that it is bullsh!t to bail these companies out with our tax dollars when they did it to themselves. plain and simple. its not the government bailing these companies out. its you and i.
I am more less self employed, I am an agent for Greyhound which mean I have somewhat of a franchise, I just recived a letter in the mail last week that my comission will be cut by 8% thats just about half :banghead: . Its going to be a change that for sure, but im still thankful that I have it and another business to help support my family.
These large investment groups are being bailed out by you and I, don't think otherwise.......wish someone would bail me out.....waaaaaaaay, waaaaaaaaay :drink:

Greedy bastards.......

Bulldog[/b]
I tried hanging on to my @ss, but I lost it. I was told last week I have a job until Oct 3rd. :banghead:
[/b]

Lost mine last week.... I guess that happens when cars are not selling... I quit my job of for years to go work for GM and a month later.... I dont have a job....


DEREK
My grandfather just lost 80 grand. There goes my inhertance :lol2:
these are tuff times, the economy is no joke, people say ahhh its gunna get better, well it might but when?

I've been trying to save everything I can but its hard, im almost completely out of debt one car note and that's it, I payed a car off and 4 credit cards this summer just to try and brace for slower times..
Just to clear the air.. It was not the banks that created this problem, it was greedy investors willing to take risk for huge gain, banks were just the "means to the end".
Just to clear the air.. It was not the banks that created this problem, it was greedy investors willing to take risk for huge gain, banks were just the "means to the end".[/b]
yes....damn straight ^ my view is that this is the real blow, the real damage from 9-11. the terrorists goal was not to just bring down a building and kill 3000 people...it was to strike a blow to our economy and create a cycle of bandages to fix the damage, all the while the first big fix was to spur the housing market and make the economy grow , but that created more problems, then money spent on the war hurts even more...now we have created more problems that will take years to fix...Americans can recover from a loss of people and pride, but the damage to our wallets will end up dragging us down for years to come... im just venting, not trying to make everyone see it the way i do, but its JMO
i called merrill lynch a few hrs ago and sold some stuff i had. ive been watching my stock for a few months. i rode the wave and sold when it got to a good peak.

ive been out of work for 1.5 months.
i am not completely blaming it on the senate. i just don't think it is any coincidence that the economy started to take a dump when the democrats took over the senate.

i 100% agree with you that it was poor lending practices that has caused this banking collapse. however, it is the senate that regulates what kind of guidelines lenders have to follow. and it is the senate that has decided to bail out these failing banking giants. i don't know if bailing them out is good or bad for you and i. all i know is that it is bullsh!t to bail these companies out with our tax dollars when they did it to themselves. plain and simple. its not the government bailing these companies out. its you and i.[/b]

Slick Willy and Co started the groundwork for these crappy lending practices years ago...

Yes.....the congress has done NOTHING productive or honest since the Dimocrats took over....
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