A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
Yes.. im sick of the media talking about the market swing like its really dependent on the/a bailout passing...Its disgusting. Im disgusted at how things are now.THe only reason these senators put their careers on the line for a bailout is because they have money to lose otherwise.ex: http://thehill.com/leading-the-news/downturn-hits-house-2008-06-16.htmlWhen the few put their needs ahead of the many.. ugly things happen and history repeats itself. Even the ugly parts.
No, I'm actually less pissed off, now that Congress turned down the bill. Even though the vote caught me in the market without a stop-loss (I turned it off, dammit, just a minute earlier!) and I lost $1k yesterday in the rush to sell, I'm glad Congress was scared enough to actually vote in line with what their constituents demanded.Maybe I've been following blogs like this for too long now, but I'm actually thinking about the REM song, "It's the End of the World as We Know It (And I Feel Fine)".
I would like to thank our Politician's for allowing Credit Card Companies, Health Insurance, Pharmacutical Companies, and Now mortgage Companies and Banks to rape our Nation.I have seen over the years our rights disapearing little by little. Did you know that your Politicians secretly passed an At Will law to every state in USA? At will...Look it up talk to a lawyer. At Will basicaly says you have no rights with your job. Your employer can fire you for whatever whenever they like..You are screwed. I have Cancer. My husband was fired because his company bought a self Insurance for their employees...What happen was they bought a cheap insurance and had to pay into the cost. So in the middle of chemo after 4 surgeries My husband was fired. We learned from many lawyers what At Will was all about. Little dirty secret our Politicians played on Americans.Our Polticians including Joe Biden pushed for the bankruptcy law in 2005, this ment anyone making over 42,000 for a family of 4 could not declare bankruptcy even if it was just medical.They took away our protections.We were charged outrageous interests.We are charge outrageous over draft fees. They played games with us. My credit card companies changes the due date each month...Hoping I will be late. 30.00 late charge and If that pushed me over my limit another charge for that.They stole for us.Keith,Greed....all the way around.I know some of you will say you don't have to have a credit card.Well in my case my credit card paid for my cancer medication.It paid for food for my children when my husband was fired...The medical Bills came pouring in.If I had owned a house they would have taken it.I have had so many lawsuits from hospitals and Dr.s...Its digraceful.We need to have this nation hit rock bottom so we can fight for our rights together.I watch a group on CNN of jewish college students. I was shocked to see the knowledge of foreign policy and poltics in general. I was taught...You can't discuss Politics you were looked down on?We need to change that.We need knowledge.We need change and now.So.....First we need our protections back in place. We need to be able to pay off our debt fairly and honestly.We need to be outraged.
Were back! Dow up 500 points! Now the bail out plan will pass and HPers will have to pay our mortgages! Thanks!!!
I am so pissed off that Keith did not include "Half-Witted name of the hour" in his poll of favorite Hp'ers.
So.. wait...the bailout bill didn't pass, the market tanked. The bill still didn't pass and the market soared. So why do we need the bill again?
"Were back! Dow up 500 points! Now the bail out plan will pass and HPers will have to pay our mortgages! Thanks!!!"Rest assured my friend; this Treasury backed financial stabilization package is not about saving you from mortgage payments. The Treasury caters to a different class of citizen. We take care of the type of citizen who does not pay a mortgage debt on his or her home. We take care of our own; translation: the type of citizen whose address is what you write on your envelope when you mail in your mortgage payment. Silly debtor.Hank
Hey Hussein's sheeple, now you know why your heroes want to pass this bailout so fast:(Bloomberg) -- The market storm that brought down Lehman Brothers Holdings Inc., American International Group Inc. and other pillars of U.S. finance may have also blown holes in the portfolios of House Speaker Nancy Pelosi, Senator John Kerry and more than 50 other members of Congress.Pelosi, in her most recent financial disclosure form, reported that her husband owned between $250,000 and $500,000 of stock in AIG, which ceded majority control to the U.S. government this week in exchange for $85 billion of loans.Kerry, the 2004 Democratic presidential nominee, disclosed that his wife, Teresa Heinz Kerry, had more than $2 million of AIG stock at the end of 2007, when shares were worth $58.30. AIG has fallen 85 percent this week to close yesterday at $2.69. The lawmakers' aides didn't respond to calls seeking comment.Altogether, 56 senators and representatives had stakes in AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or IndyMac Bancorp Inc.http://tinyurl.com/525bhhPS: Pelosi's current loss at AIG is now up to $1 million.
THIS IS AWESOMEMARCH MADNESS STYLE BANK CRASH BRACKET..compliments of consumerist..http://cache.gawker.com/assets/images/consumerist/2008/09/sepmad.jpg
And they still say that the Maverick doesn't grasp the economy:Bloomberg -- John McCain, the Republican presidential nominee, avoided potential losses at AIG. Cindy, last year liquidated a blind trust that had contained stock in AIG, Fannie Mae, Freddie Mac and Lehman. The amounts of stock she had owned weren't disclosed.See sheeple, meanwhile, Pelosi lost $1 million, Kerry lost another $3 million, and toher 50 senators lost a huge amount of money at AIG. The Maverick McCain didn't lose a dime, sold it all last year. Plus the bailout was blocked after McCain arrived at the meeting to stop that insanity, which pissed-off Frank and Pelosi. Open your eyes, sheeple.
I'm so pissed off I called every Republican member of Congress' Financial Services Committee to voice my opposition to the bailout, ending most of the conversations with "and i'll get my pitchfork and torch and march on the Capitol with everyone else if this bill passes". I called these Republican members because they are the ones who have taken the stand against this bailout. They are our only hope to stop this second bill (and I just heard that the Wallstreeters have finally gotten to the FASB and they are going to revise the mark-to-market rules to favor the banks).Congress' main number is:202-225-3121.Here are the Repub members of the House Financial Services Committee... CALL AND SCREAM AT THEM. Don't be stupid and make threats of any sort...just scream at them and tell them why this bailout can't go through.Republican Members of the House Financial Services Committee:Rep. Spencer Bachus, AL Rep. Deborah Pryce, OHRep. Michael N. Castle, DERep. Peter King, NYRep. Edward R. Royce, CARep. Frank D. Lucas, OKRep. Ron Paul, TX Rep. Steven C. LaTourette, OHRep. Donald A. Manzullo, ILRep. Walter B. Jones , NCRep. Judy Biggert, ILRep. Christopher Shays, CTRep. Gary G. Miller, CARep. Shelley Moore Capito, WVRep. Tom Feeney, FLRep. Jeb Hensarling, TXRep. Scott Garrett, NJRep. Ginny Brown-Waite, FLRep. J. Gresham Barrett, SCRep. Jim Gerlach, PARep. Stevan Pearce, NMRep. Randy Neugebauer, TXRep. Tom Price, GARep. Geoff Davis, KYRep. Patrick T. McHenry, NCRep. John Campbell, CARep. Adam Putnam, FLRep. Michele Bachmann, MNRep. Peter J. Roskam, IL Rep. Kenny Marchant, TX Rep. Thaddeus McCotter, MIRep. Kevin McCarthy, CA Rep. Dean Heller, NV
Anyone notice that BloodhoundBlog is morphing into HousingPanic?Yum Ramen!
Me, pissed? Actually, despite my screen name, I am quite content, even thrilled with how things have turned out. It's just the way we far left liberals predicted. We have a shallow, wealth-worshipping culture of greed that is f*cking the middle class hard for supporting republicans these past 30 years. Ignorance reins supreme.Enjoy!
So pissed off. I hate them all.
Where did the Fed find $630 billion yesterday?And the markets are crying and whining for a bailout. That's what yesterday's DOW 700 point drop was all about. Members of Congress vowed to pass this Banking Bill after receiving the market's "message" yesterday. So the markets can hold Congress hostage now?Then the DOW goes up 500 points today?Am I mad? Right now I'm more disgusted and ashamed like some others here.
The "bail-out"'s intent was to save the ass-sets of the few wealthy at the expense of the US taxpayer become alot poorer.Those politicians who voted against it are primarily concerned about re-election, those who voted for it feel somewhat iummune, insulated from the problem - they will find out otherwise.Here's how the California members in the House of Representative's voted:Voted for the "Bail-Out":Howard L. Berman (Valley Village)Lois Capps (Santa Barbara)Dennis Cardoza (Atwater)Jim Costa (Fresno)Susan A. Davis (San Diego)Anna G. Eshoo (Menlo Park)Sam Farr (Carmel)Jane Harman (Venice)Micheal M. Honda (San Jose)Zoe Lofgren (San Jose)Doris Matsui (Sacramento)Jerry McNerney (Pleasanton)George Miller (Martinez)Nancy Pelosi (San Francisco)Laura Richardson (Long Beach)Jackie Speier (Hillsborough)Ellen O. Tauscher (Alamo)Maxine Waters (Los Angeles)Henry A. Waxman (Beverly Hills)Mary Bono Mack (Palm Springs)Ken Calvert (Corona)John Campbell (Irvine)David Dreier (San Dimas)Wally Herger (Chico)Jerry Lewis (Redlands)Dan Lungren (Gold River)Howard P. "Buck" McKeon (Santa Clarita)Gary G. Miller (Diamond Bar)George Radanovich (Mariposa)Voted Against the "Bail-Out":Joe Baca (Rialto)Xavier Becerra (Los Angeles)Bob Filner (Chula Vista)Barbara Lee (Oakland)Grace F. Napolitano (Norwalk)Lucille Roybal-Allard (East Los Angeles)Linda T. Sanchez (Lakewood)Loretta Sanchez (Garden Grove)Adam Schiff (Borbank)Brad Sherman (Sherman Oaks)Hilda L. Solis (El Monte)Pete Stark (Fremont)Mike Thompson (St. Helena)Diane Watson (Los Angeles)Lyne Woolsey (Petaluma)Brian P. Bilbray (Carlsbad)John T. Doolittle (Roseville)Elton Gallergy (Simi Valley)Duncan Hunter (Alpine)Darrell Issa (Vista)Kevin McCarthy (Bakersfield)Devin Nunes (Tulare)Dana Rohrabacher (Huntington Beach)Ed Royce (Fullerton)
More on Democratic party corruption:NYT -- The Center for Responsive Politics reports that on average, lawmakers who voted in favor of the bailout bill have received 51 percent more in campaign contributions from sources in the finance, insurance and real estate industries — or FIRE industries, for short — over their congressional careers than those who opposed the emergency legislation. The FIRE industries have been the top source of campaign contributions in federal politics, giving more than $2 billion to federal candidates and political parties since 1989.This year, sources from the FIRE industries have been particularly busy, doling out millions to candidates that are facing tough reelections.In this election cycle, the 140 House Democrats who voted for the bailout bill collected 78 percent more from the FIRE industries than the Democrats who opposed it. Over their careers, they collected 88 percent more, the data show. Of the 37 Democrats that sit on the House Financial Services Committee, 25 voted for the bill, including the committee chairman, Barney Frank of Massachusetts. He received nearly $800,000 this election cycle from sources in the FIRE industries.Of the 33 Republicans on the committee, only 8 voted for the bill.http://tinyurl.com/4kc7weOpen your eyes, Hussein's sheeple.
Just wait till this lame charade winds down and it passes.
Why pissed?I am proud that the voters, from the far left to the far right, stood up and told the government to stuff it.I lost money yesterday too, and my fax bill will be very stiff but it was worth it.
I'm with bitter renter. This is all a bit like watching the school bully get his ass kicked. Maybe now the idiots who put the bullies in power will wake up and realize that the bullies hate them too even if the idiots do hate fags and poor people and love jebus just like the bullies say they do.I have faith that once we shake the bullshit games of the REIC and Wall Street out of our economy our country will be a better place.
TO: Anon 9:35 pm, the article has already been removed.Welcome to the new fucking gilded age.
Been pissed, plan on staying pissed.May become un-pissed when JonQ Lunchbox starts being regarded as the new lobbyist on capital hill.Then I come back to reality, and I'm double/triple pissed!
I am so pissed that, even though I have never written any elected official in my life, I have cramps from emailing my elected officials to say no to the bailout. I am still in disbelief that the House actually listened to their constituents. Senators are not so bright I guess. P.S. now the email option is rejecting on many reps sights (the error message says too much traffic- gee I wonder what thats about, so I guess I'm gonna have to start CALLING!Grace
Oh, yeah the market REALLY tanked. It's back up almost to where it was BEFORE the 700 pt drop. Maybe thats because Wall Street is just SURE the "honerable"??? Senators will pass the bailout! May they pass it at their own peril. This is the 700 billion dollar Question-Do I lose 3 million of my own money in my shares of Lehman, Fannie/Freddie or AIGOR...DO i LOSE THE ELECTION NEXT TIME WHEN THEY VOTE ME OUT FOR VOTING FOR THE BAILOUT?What a conundrum. My money or my cushy do nothing job.Grace
Yes, but also hopeful because the house may have proven that democracy still works, that the fed doesn't get what they want just because they say they need. Having said that, we'll see where things are in a week or two...
SICK OF IT ALL! So sick of it in our house were not voting ! These people don't hold our values and I am disgusted with the whole thing. If I a little homemaker saw it back in 2005 something is really wrong. TO ME WHEN I SAW PRICES GOING UP LIKE THEY WERE IT WAS SOOOOOOOOO SIMPLE INCOME DIDN'T MATCH IT COULD NOT LAST A HOUSE OF CARDS BUILD ON SAND. I was a voice crying in the wind and I still am .
Dear Bitter Renter,it is your idiotic liberal policies that started under the Clinton Administration that is the SOURCE of the problems we face today. Clinton put a new spin on Community Reinvestment Act of 1977 (CRA) and forced banks to start lending to completely unqualified borrowers (the poor people and the minorities we read about every year that were "discriminated by banks" by not getting mortgages or getting higher rates than low risk borrowers). Under Clinton, groups like ACORN (Obama worked for this group as a community organizer, by the way) and NACHA were able to force banks to make loans to unqualified people. Not only that, these activist/militant groups also got a cut of the action. They actually got money from the banks and made loans to the idiots as well and used the funds for their organizing and lobbying purposes. And today, all we hear from these liberal groups is that the govt. must now bail out their stupid homedebters.Stop it with your Republican bashing (I'm not one, just so you know). The Liberals kicked off this whole process with its unyielding insistence that banks lend to poor people. Instead of trying to clean other peoples' backyards, you need to clean your front yard first.
i've had it:Don't get worked up over bitterrenter. He's just a troll. Read his stuff long enough and you'll realize nobody who's really that stupid could type.I would meet you half way and say he obviously has no life, though. Just like all trolls.
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