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I've already seen lenders walking away from executed loan commitment letters. They are willing to risk lawsuits because simply, they need to keep...
You think this is a depression? Wow. What will you call it when we hit 20-25% unemployment like we did in the 1930's as opposed to the 6% we are...
BTW will we ever stop looking at the DOW and focus more on the S&P 500? There are so many flaws with using the DOW (i.e, only 30 companies)
Except by November if we don't pass a bill, so much will have hit the fan, they won't get re elected. We'd have been better off if we didn't put...
You're right...there is no guarantee it will work. But its not like we're putting $700 B on black and hoping the roulette wheel hits black. And...
And they deserve just as much blame. Embarrassing. If I lived in a district and my rep voted against this, I'd vote against them...regardless of...
You'll lose the current stock of Republicans, but you'll also see an economy that will be in utter shambles. The reality is the Republicans are...
Unbelievable! The irony..f'in republicans are hoping this is their line in the sand that they can point to that they stood up...except if this...
quit posting and get ready for hoooooooooooop ;)
Keep in mind that a specific business doesn't feel the pain until it has a bond that comes due or perhaps it has a customer whose bond comes due....
How can Wall Street not change? Who will give them the $ to borrow so heavily again? Credit will never be as loose as it was - investors just...
Hard not to be disgusted with the state of partisanship in this country. If nothing gets passed, this will not be forgotten for a very long time.
I've got a background in Finance and spent a couple of years in the industry...and then left to start a commercial real estate development...
Except the Canadian economy is so heavily dependent on exports to the US... I'd actually think about the Australian dollar though foreign...
RHAD, I think someone summed it up nicely - just b/c its necessary doesn't mean you shouldn't be mad as hell at this. Wall Street deserves...
Interesting...Buffett came out and said its necessary and that the US could make a lot of money off it....of course he's got $5 B in Goldman as of...
Quoted for truth. The notion that this is a bailout to Wall Street is far from the truth - ask any shareholder of any financial institution...
Actually the failure of the AIG parent company shouldn't have the type of impact you are thinking since the insurance subsidiaries would still be...
all I recall is that basically I was even on his roll...and surprised he was playing at the min table (which was still like 10 or 15). Oddly,...
I was at Bellagio a few years ago and actually played a little craps at a table with McCain...