9/18/2008 9:03:41 AM

cute, take that at a gay rights rally?

9/18/2008 9:09:34 AM

McCain said so, so it must be... wait.

9/18/2008 9:15:59 AM

9/18/2008 9:19:30 AM

wasnt it McCain that led a group in 2005 that said there were shady dealings going on at these companies and that government regulation was needed?

The Bush Admin. didnt act on his recommendations......Congress didnt act on his recommendations.

9/18/2008 9:20:50 AM

McCain: The fundamentals of our economy remain strong. Fundamentally, uhh, we still have an economy.

9/18/2008 9:20:55 AM

^^ Too bad he completely sold himself and his beliefs out to get the nomination.

9/18/2008 9:23:17 AM

The fundamentals of the economy are still strong. Relax people. THis is a market correction from the housing bubble. Look at who all is in trouble, they all have mortgage interests.


Shrike, I would love to believe that obama would say that. I would actually respect him more. Instead he runs around comparing it to the great depression and scarying people to help get him elected. Basically throwing gas on the fire.

Bigun, here is the bill you are talking about.
http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

He called that shit.

Keep in mind Fanny was doing the enron shit to get thier bonuses. Doctoring the books. They would use govt loaned money at a low rate, give out loans to people who shouldnt have gotten them.. and then sold them to other institutions. The thought was that if the home prices keep climbing that they could refi, flip, or the banks would own the equity. WHen that didnt happen, it left alot of businesses with these bad debts... hence the losses.

[Edited on September 18, 2008 at 9:43 AM. Reason : .]

9/18/2008 9:39:12 AM

chit chat?

9/18/2008 9:39:19 AM

^^ There are lots of people comparing this to the Great Depression. He is one of many.

9/18/2008 9:40:33 AM

Quote :

"There are lots of people comparing this to the Great Depression. He is one of many. "

Yes, and they would all be morons. Learn some history before you make an ass of yourself. Obama is too smart to not know the difference, he is just stoking the panic to help him politically. You cant deny that, well you probably will but rational people wont.

9/18/2008 9:45:18 AM

Stroking panic and fear to help win an election? Unheard of!

9/18/2008 9:47:53 AM

^^ We'll see who the idiot is after everything plays out. Right now, the smart money is on you. Ironically.

BTW, does anyone want to assert that we are no longer in a recession?

[Edited on September 18, 2008 at 9:54 AM. Reason : ]

9/18/2008 9:53:48 AM

Quote :

"BTW, does anyone want to assert that we are no longer in a recession?"

hey don't use that "R" word. don't you listen to bush and mccain??? THE FUNDAMENTALS ARE STRONG MAN, THE FUNDAMENTALS ARE STRONG!!!!! Just keep saying it until you believe it.

9/18/2008 9:59:05 AM

So wait Duke, my thread gets locked but this one is perfectly acceptable?

Why?

Logic, use it.

9/18/2008 10:22:26 AM

Quote :

"BTW, does anyone want to assert that we are no longer in a recession? "

The fact you have to ask if we are in a recession, which we probably are, but argue to compare it to the great depression.... should be proof enough.


Shrike, not its not unheard of, but it is causing uncertainty on wallstreet. Not to mention his talk of raising capital gains tax.

McCain can really hit obama on the capital gains now. I dont see obama going through with a capital gains increase as investment capital is needed now. HOwever, if mccain can make him recend his capital gains hike, which needs to happen, it will help calm the market, but show flaws in his orginal plan. If he doesnt, then he puts wealth redistribution over the economy.

9/18/2008 10:31:16 AM

no one is comparing it to the great depression. Whether or not we are headed into a depression is another thing all together.

9/18/2008 10:40:10 AM

I actually agree that raising the capital gains tax would do more harm than good now. If it had never been repealed in the first place, that would have been ideal. But raising it now just cause more panic and selling.

Also...

Quote :

"recend"

rescind??? good god how are you a doctor? Their is not spelled thier either. I've seen you do that about 20 times in the past week.

[Edited on September 18, 2008 at 10:44 AM. Reason : /grammar Nazi]

9/18/2008 10:41:33 AM

Quote :

"The fact you have to ask if we are in a recession, which we probably are, but argue to compare it to the great depression.... should be proof enough."

Not that I'm arguing against your point, but the mere fact that several financial institutions that withstood the GD have failed now is highly alarming in itself.

Quote :

"Nearly one-quarter of adults — 23% — believe the U.S. economy is in a depression"

doesn't mean much, but interesting nonetheless.

9/18/2008 10:42:06 AM

I don't think so, since capital gains taxes affect long-term investments.

9/18/2008 10:42:40 AM

Quote :

" Shrike, not its not unheard of, but it is causing uncertainty on wallstreet. Not to mention his talk of raising capital gains tax."

Dude, I don't think comments by a presidential candidate is whats causing uncertainty on Wall Street. The banks going bankrupt, being merged, or bailed out is doing a good enough job of that on it's own. People aren't lining up to withdraw all their money from their WaMu accounts because Barack Obama is saying the economy is bad.

9/18/2008 10:49:00 AM

I can't wait for my bank to switch to Morgan Stanley. that should be fun.

9/18/2008 10:56:29 AM

Quote :

"So wait Duke, my thread gets locked but this one is perfectly acceptable? Why? Logic, use it."

because this thread actually has worthwhile discussion and debate.

9/18/2008 10:56:31 AM

just because you allow csharp to shit up a thread doesn't mean it isn't worth discussing.

9/18/2008 10:57:46 AM

"The fundamental business of the country … is on a sound and prosperous basis"

9/18/2008 11:05:46 AM

Socialism for the rich, raw "caveat emptor" capitalism for the rest of us. Yep, I'd say the fundamentals are still strong.

9/18/2008 11:09:07 AM

Bush -

Quote :

"I share concern over financial crisis"

Thank God. I was thinking he didn't give a Rat's ass.

9/18/2008 11:11:00 AM

The rest of us now own an insurance company and a mortgage lender.

WOOHOO!

9/18/2008 11:11:07 AM

This is like the most serious game of Monopoly ever.

9/18/2008 11:12:47 AM

Oh wow.

Bush is "concerned."

That makes me feel all warm and cuddly inside.

9/18/2008 11:20:48 AM

he only has his head in the sand because there's oil down there

[/thread]

9/18/2008 11:23:05 AM

Quote :

"The fundamentals of the economy are still strong. Relax people. THis is a market correction from the housing bubble. Look at who all is in trouble, they all have mortgage interests."

Yeah, and corporate financing is shot to hell too. This is a meltdown of the financial sector, not just sketchy loans, even though they're what started the fire.

The recent events present a serious concern about how sustained growth for the coming years is possible.

9/18/2008 12:01:41 PM

THere is a credit crunch.. coming off of the credit orgy.. that is probably a good thing. The financials that are going under ALL have serious holdings in the housing sector. How are you all ignoring that?

420, sorry about the grammer. I type this shit between patients and I dont proof it. Im sure you can figure out my meaning.


wlb, these financials really had themselves invested in the housing sector. The bubble burst and this is the fallout.

9/18/2008 12:12:03 PM

^please learn about CDSs
http://en.wikipedia.org/wiki/Credit_default_swap

9/18/2008 12:27:28 PM

Quote :

"THere is a credit crunch.. coming off of the credit orgy.. that is probably a good thing. The financials that are going under ALL have serious holdings in the housing sector. How are you all ignoring that?"

No one's ignoring it. Yes, all of these companies had serious holdings in the housing sector, but the fact that there are major banks are dropping like flies has to be a cause of concern for the economy as a whole.

9/18/2008 12:42:27 PM

Quote :

" "So wait Duke, my thread gets locked but this one is perfectly acceptable? Why? Logic, use it.""

Quote :

"because this thread actually has worthwhile discussion and debate."

Well, there is no mystery in regards to who you're voting for in November.

Csharp should be suspended for padding and my thread should be unlocked.

The McCain campaign claimed that he invented the Blackberry, which is totally insane and definitely thread worthy.

I promise that if the thread was about a Democrat, you wouldn't have locked it.

Unfortunately, I cannot fire you.

[Edited on September 18, 2008 at 12:48 PM. Reason : -]

9/18/2008 12:46:47 PM

I thought about adding this to hooksaw's thread but since I am here. . .I was listening to Marketplace the other day and there was a guy on there questioning the logic of this latest bailout. To summarize the government has been pushing harder and harder to raise home ownership. From what he said this has gone all the way back to Clinton but probably even further. To allow this they (government) deregulated so much that banks started handing out loans like polar bear pelts at a Sarah Palin rally. And now we want the government to swoop in and save against a mess they caused by throwing our tax dollars at it???

9/18/2008 1:04:47 PM

Quote :

"but argue to compare it to the great depression.... should be proof enough. "

From my understanding the comparisons to the Great Depression aren't to make it seem like we'll all be waiting in lines for food or anything (that's ludicrous... I hope), it's to say that our banking system is going to be fundamentally different from now on. 2 biggest banks, plus lots of less-big but still very large banks (and probably some of the biggest banks in the WORLD) failing doesn't happen without big ramifications. This WILL hurt the US economy and probably will have effects on other economies.

9/18/2008 1:11:48 PM

Yeah. No one is really making a direct comparison to The Great Depression. A lot of what is being said is stuff like, "This is the worst crisis since The Great Depression," and other similar rhetoric. There will never be another Depression like that one simply because the world is much more different than it was in the 30s. That's not to say that this crisis will be better or worse, just different. We all just have to wait it out and see how history will view it.

9/18/2008 1:37:44 PM

Quote :

"Well, there is no mystery in regards to who you're voting for in November. Csharp should be suspended for padding and my thread should be unlocked. The McCain campaign claimed that he invented the Blackberry, which is totally insane and definitely thread worthy. I promise that if the thread was about a Democrat, you wouldn't have locked it. Unfortunately, I cannot fire you."

discussion of this will continue here: message_topic.aspx?topic=500208&page=14

9/18/2008 2:03:47 PM

9/18/2008 2:06:13 PM

This thread is full of pictures. Duke is worthless and biased.

9/18/2008 2:20:56 PM

Stimwalt is being a fucking douche, and he's going to be doing it somewhere besides TWW if he doesn't knock that shit off.

[Edited on September 18, 2008 at 2:59 PM. Reason : asdfad]

9/18/2008 2:57:18 PM

Quote :

"Shrike, I would love to believe that obama would say that. I would actually respect him more. Instead he runs around comparing it to the great depression and scarying people to help get him elected. Basically throwing gas on the fire."

...and that stuff is expensive.

9/18/2008 2:58:44 PM

I believe in free speech, if that makes me a liberal and a douche, so be it.

9/18/2008 3:10:57 PM

no, you goddamn idiot, i'm talking about how you can't just confine your argument to PM or the smackdown thread, and insist on polluting this one with your little temper tantrum.

furthermore, free speech has nothing whatsoever to do with TWW, other than Congress, according to the Constitution (for whatever that's worth) may not make any law restricting posts on TWW (just in case they were thinking about it).

finally, you want to accuse ME of not supporting free speech? I'm a fucking libertarian. Hell, I voted for Michael Badnarik for President last time. I am socially left of center. On top of all that, isn't not being restrictive enough in my moderation usually what people are bitching about? Or is that just when it's someone you don't like instead of you?

9/18/2008 3:17:08 PM

hell he should be suspended for continuing to crap up this thread after i directed him to continue his whining to the smackdown thread.

Quote :

"discussion of this will continue here: message_topic.aspx?topic=500208&page=14"

[Edited on September 18, 2008 at 3:26 PM. Reason : --yes, no more fucking this one up. continue this discussion in smackdown thread]

[Edited on September 18, 2008 at 3:26 PM. Reason : -duke]

9/18/2008 3:25:40 PM

I would recommend that you stop responding to me if you want my responses to stop. Throwing around insults proves my point even further, you are unfit to moderate. I will do something that you apparently are incapable of doing. All future posts in regards to your moderation will go to the smackdown thread.

[Edited on September 18, 2008 at 3:58 PM. Reason : -]

9/18/2008 3:56:18 PM

I'm about to moderate right now. Watch!

[Edited on September 18, 2008 at 4:00 PM. Reason : now back to the discussion at hand]

9/18/2008 3:58:42 PM

Quote :

"he only has his head in the sand because there's oil down there [/thread]"

OH COME ON!

that was a gem...



anywho, here's to Charlotte becoming a bigger banking town that NYC

9/18/2008 4:14:12 PM