Damned Market's UP 368...... ++++

[SeniorChief]

And another Liberal just flew by my window....:lmao2:

[SeniorChief]

Correction - UP 450+

[hdmarketing]

Correction - UP 450+

Stop Chief, Stop!

the little libs are going to start crying, unless it starts the other way, then they will rejoice again...

:thumbsup:

[SeniorChief]

Not a bad day.....

If I must say-so myself. And look... the FUCKING GOVERNMENT (Pelosi, Reid) didn't have a thing to do with it!!

EXCELLENT DAY ON WALL STREET !

[Moby]

Bush and Paulsen claimed that the US would collapse if we didn't give them $700 Billion that they could use as Kings with no oversight as if they were above the law and democracy didn't matter.

They didn't get the money and the world keeps spinning.

[asroc]

You guys know yesterday's rallying is based on passing the bailout, right?

[LadyMod at scam.com]

You guys know yesterday's rallying is based on passing the bailout, right?


You don't really expect them to think that deeply do you asroc?


Gotta love this:


Wall Street rally hinders attempts to save bailout


http://www.timesonline.co.uk/tol/news/world/us_and_americas/article4853975.ece


It emerged last night that there would be a vote on the measure in the Senate today, where its passage is more assured. Support in the upper chamber would put pressure on the House of Representatives to follow suit when it reconvenes tomorrow after the Jewish new year. The Republican and Democratic leadership are desperate to get another vote there by the end of the week.

Nancy Pelosi, the Democratic House Speaker, and John Boehner, the Republican Minority Leader, need to persuade just 12 members between them to reverse course to get the Bill passed. Yesterday they and the party whips, Jim Clyburn and Roy Blunt, vowed to get a deal through and spent hours seeking the extra votes.

Their efforts were not helped by a rally on Wall Street after its record one-day points plunge on Monday, making the calls of urgency seem overwrought to some congressmen.

There were also talks about granting more concessions to make the plan more palatable, but that is risky. Too much ground given to liberal Democrats would increase Republican opposition; more elements to please conservatives would harden Democratic opposition. Mrs Pelosi was also reluctant to follow another option, loading the Bill with liberal demands and then ramming it through the House without Republican support.

The Times has learnt that one alternative bailout would involve using taxpayer funds to buy a holding in troubled US banks. The proposal, gaining some support in Washington, is for the US Treasury to buy preferred shares in financial institutions instead of buying toxic assets. Taxpayers would be investing, therefore, in “healthy” assets from which they could get dividends. This way banks would receive the money they need to free credit but would be left with the responsibility of making their distressed debts profitable.

The proposal could be more palatable to Congress because it dumps the idea of using the $700 billion to buy toxic, mortgage-related assets, and places more responsibility on banks to work their own way out of the crisis. A poll released yesterday showed 44 per cent of voters blamed Republicans for the legislation’s failure; 21 said Democrats were to blame.

******************************

Mrs Pelosi and Mr Boehner were humbled by the scale of the rebellion — 133 Republicans and 95 Democrats rejected the plan. Meanwhile, not one member of Mr McCain’s home-state Arizona House delegation backed it, while a majority of Democratic African-Americans, some of Mr Obama’s earliest supporters, voted “no”. Despite heavy pressure from Mr Bush, 15 out of 19 Republicans from his home state of Texas voted against the Bill.




They need to hang it up and move on. Let the failures fail.


Lady Mod


.

[asroc]

They're going to pass it, even though it's wildly unpopular. Even the Reps are on board now.

I guess they added enough stupid shit to it that everybody's finally happy.