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The BIGGEST BANKRUPTCY IN RECORD... thanks for all the fish!!!

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xplaytendo

Sep 15, 2008 - CDT 12:21 PM
xplaytendo
Member since:
November 2007
Lehman Brothers Files for Chapter 11 Bankruptcy
http://www.cnbc.com/id/26708143?__source=SI_44423772_2864553616_1

Financial downfall of Fanny Mae, Indy mac, & Freddie Mac... http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/09/13/BU1E12T0T0.DTL

Bank of America Bails out Merril Lynch
http://www.bizjournals.com/memphis/stories/2008/09/15/daily1.html

...after they bailed out Countrywide
http://www.msnbc.msn.com/id/22606833/

While hurricane season is just ramping up to hike up gasoline prices.
Trust in the financial institutions declining FASTER than Ryan Seacrest's machismo.
We're still in a mortgage mess. Everything is too expensive (except of course... HD-DVD), and ETHANOL IS A JOKE!
Oh yeah, we're in a RECESSION but suits in the White House will tell you differently.

Hello World!... but I think I prefer if the Super Collider created a Black Hole.

"So long, and thanks for all the fish!"

[Post edited by xplaytendo on Sep 15, 2008 - CDT 12:32 PM]

Falcon01

Sep 15, 2008 - CDT 12:28 PM
Falcon01
Member since:
July 2006
Yeah I was just reading about this online. What an incredibly bad weekend for the U.S. economy. You can thank George W Bush for all this. I'm still utterly amazed he got elected TWICE.

If you guys elect McCain don't expect thing to get better either. I don't want to get into a political debate but just remember only YOU, the voter, can change things.

wolvinator

Sep 15, 2008 - CDT 12:36 PM
wolvinator
Member since:
January 2008
I don't vote because there are no humans that can fix the problems. They are all bad. We don't have such thing as Untouchables like in the Kevin Costner movie, lol.

I too was very surprised when Bush got a second term.

xplaytendo

Sep 15, 2008 - CDT 12:46 PM
xplaytendo
Member since:
November 2007
Quote:
We don't have such thing as Untouchables like in the Kevin Costner movie, lol.


"...and people wonder how I get WORK."http://www.rottentomatoes.com/m/swing_vote/

mvckalel

Sep 15, 2008 - CDT 1:20 PM
says... I now own UP and Monsters, Inc. on blu-ray!!!
mvckalel
Member since:
October 2007
Electing McCain doesn't mean you are electing Bush, unlike in Russia with Putin's successor. If there is a crisis, is only because people wanted more than they could afford, and because many (if not most) lied about their income and how they were going to be able to pay for them.

It's also the fault of those people who thought that by flipping houses they could make a quick buck, and now, they are stuck either a second mortgage, or a foreclosure line in their credit.

Is also the investors fault because they demanded things that mortals couldn't deliver.

Is also the CEO's and CFO's fault because they couldn't (or didn't) do their jobs at being responsible for what they do.

Yes, it's also the president's fault because of his incompetence. And is also the people who voted for him that we might be in this dilemma.

But I don't think that Obama/Biden have what it takes to beat the crisis, unlike McCain/Palin.

JJ79

Sep 15, 2008 - CDT 1:37 PM
says... Also known as The Movie Rambler
JJ79
Member since:
January 2006
Quote:
If there is a crisis, is only because people wanted more than they could afford, and because many (if not most) lied about their income and how they were going to be able to pay for them.


The side note to that is the people who did the lending while knowing the consumer couldn't afford the payments are also to blame.

Quote:
But I don't think that Obama/Biden have what it takes to beat the crisis, unlike McCain/Palin.


Despite even Fox News saying the McCain tax cut plan has no hope of working, let alone working for the middle class? But seriously, what is "the fix"? Is it more regulation in banking and lending? Is it to let all the firms die and *hope* the world economy doesn't go with it? Is it some combination of the above?

And can we really trust a man (McCain) who keeps a bank lobbyist as an advisor to fix the problems that need to be fixed? Bush and Cheney were all about helping oil-they did it, successfully. McCain and Palin will be about oil, yes, but also the banking industry. They can't help themselves.

Jason, money under my mattress

richiro33

Sep 15, 2008 - CDT 1:57 PM
richiro33
Member since:
December 2007
Ya its a crappy financial time and there is plenty of blame to go around for everyone. The last 8 years we have had a horrible president/congress combination. Politicians on both sides have no idea, they all get theirs and suppress the rest. Consumers want stuff they cant afford and lender lend stuff they shouldn't lend. It is going to take 4 years to get back on track and thats if congress and whoever the president stays out of the way, which likely won't happen.

rangoonth

Sep 15, 2008 - CDT 3:43 PM
rangoonth
Member since:
February 2008



posters5

Sep 15, 2008 - CDT 3:44 PM
posters5
Member since:
March 2002
i believe that all those financial firms and consumers who made bad decisions should eat it. the only way for some chodes to learn a lesson is to lose everything. that will teach them that living beyond their means is stupid.

richiro33

Sep 15, 2008 - CDT 3:54 PM
richiro33
Member since:
December 2007
Quote:
i believe that all those financial firms and consumers who made bad decisions should eat it. the only way for some chodes to learn a lesson is to lose everything. that will teach them that living beyond their means is stupid.


Word...

And why would anyone vote for Roseann's dad?

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