Live video for those of you at work.
Grab your barf bag first.
Some pretty good rage though from some of the monkeys. Too bad it won't matter, but it's good politicaltainment.
[UPDATE - BAILOUT FAILS, MARKETS CRASH, MONKEYS STAYING IN SESSION TO MAKE THE CHANGES TO BRING IT BACK UP FOR A VOTE. MEANWHILE, WORLD MARKETS ARE HOURS AWAY FROM AN EPIC MELTDOWN. THANK YOU REALTORS OF AMERICA]
September 29, 2008
Corrupt monkeys on Capitol Hill currently debating the Casey Serin Angelo Mozilo Housing Gambler Bailout Bill of 2008 - LIVE on CNN.com
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147 comments:
Just heard:
"We have to deal with this panic. We have to deal with this fear."
Panic? Did someone mention panic?
WASHINGTON (CNN) -- Billionaire Warren Buffett told congressional negotiators that if they can't agree on a proposed financial bailout, the nation will face "its biggest financial meltdown in American history," two sources familiar with the talks said.
Hear what Rep Michael Burgess has to say about the criminal bill here.
http://www.youtube.com/watch?v=l7B4laX1E70
A "Yes" vote on this bill disqualifies any candidate from mounting a challenge the presidency in 2012
A "No" vote will be like voting against the Iraq Debacle. It's a ticket to play in 2012.
Last week Paulson, GW, and Comrade Bernanke were acting like this Criminal Restitution Treasury Bill is a sure thing, because they usually get what they want. They never have debates, votes, or talk of accountability stand in their way. I’m really impressed with the amount of time this is taking.
Marcey Kaptur's back on right now slamming it.
Senator Webb's answering machine if full.
For or against it, if this bill doesn't pass right now, today, in the next few minutes (scheduled to vote I think at 1pm EST), the markets will crash like 1929.
If it passes, they might rally.
Oh, the drama!!!
I think it passes 55% to 45%.
Get on record folks.
"For or against it, if this bill doesn't pass right now, today, in the next few minutes (scheduled to vote I think at 1pm EST), the markets will crash like 1929."
I hope it doesn't pass.
Unfortunately, I give it a 95% chance of passing.
Where's all this "money" coming from by the way?
Fed Pumps Further $630 Billion Into Financial System (Update2)
By Scott Lanman and Craig Torres
Enlarge Image/Details
Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=worldwide
What liars ... there was never an urgency to pass this "bailout" before the markets opened this Monday.
They're just trying to use fear tactics - like they did for 911 - to approve something which will just create a much bigger mess down the line.
Do our government employees care?
Not really, they've squirreled alot of their money away already, and are banking that we will keep footing the debt before the whole sh*t house goes down in flames.
Interesting isn't it that we the tax-paying citizens (the employers of these elite parasites) have no lobbiests to fight for our rights up on capital hill.
Why debate? Why not just Paulson taking the $700B mallet and running away.
"Fed Pumps Further $630 Billion Into Financial System"
From which rock and tree did they find $630 billion? As of last week I thought last week they already loaned or gave out half of their $800 billion reserves. Again, where does $630 billion come from in one day?
And now Citicorp is buying Wachovia. These would be gigantic news stories on their own during a normal day.
It's so strange watching this.
It's watching three years of non-stop, passionate work by yours truly and the army of HP'ers come to a crescendo.
We warned them and they did nothing.
We said what was happening and nobody cared.
And now, this.
Panicked monkeys. Trying to cover their asses, trying to stop the markets from crashing.
It's really surreal.
Here's Paulson again, from April 2007:
"I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained,"
I called him a monkey then, and I call him a monkey now.
"Fed Pumps Further $630 Billion Into Financial System"
But they can't save Social Security. Amazing.
I am so fed up with this bill. LET THE DAMN THING CRASH. Why in the world should we pay for these banks to survive???? It is the survival of the fittest, and these banks are not. I didn't see a penny from their profits, why should I give them any money for their losses. I am responsible and accountable for my actions, else I would be eaten alive by these people if the roles were reversed. Let them fail, they do no one any good except for their CEO's and buddies.
Our representatives need to be voted out, if they have no interest in what the people they represent say, they don't belong in a position where they represent the people. What would it take to get rid of these leeches? Anyone got suggestions on how to impeach all those who are for this (robbery) bill?
I am fed with BS.
And no, Obama is not the answer, he is just an empty shell that tells you whatever you want to hear. Don't be fools and see him as the savior, he is not. McCain isn't any better, but he at least sticks to his word, at least from what I have seen, read, and heard.
AlE34
They're rushing to pass this before the Jewish holiday starts at sunset. True.
Given all the public anger, why hasn't a single person spoken up and demanded that the "bailout" get added as a measure to our general election? Letting the taxpayers decide our own fate.
Has anyone heard mention of this?
Why not have a direct vote?
If we had direct votes in the US, we'd be in even worse shape than we are.
The majority of Americans are either idiots, or too busy to get into the details of what goes into public policy.
That's why we have elected government.
That said, our elected government has been corrupted. The system is good, but we need to get the corruption out.
The housing crash changes everything. It better.
But I trust the US constitution, once it's restored. I don't trust the citizens of the US.
If we had a direct vote, there would be referendum to give every citizen $1 million. And it would pass. Evolution would be taught in science classes. We'd have a 10 hour workweek. Social Security benefits would be tripled.
Get it?
It's blackmail pure and simple.
It would make far more sense to simply arrest the blackmailers.
Take a look at the coverup.
Google for "bailout poll" or "bailout polls" and see how there is a complete lack of news about how much Americans DO NOT LIKE THIS BAILOUT.
Either this means the pollsters are not polling about this bailout OR the MSM have abdicated their watchdog status YET AGAIN.
If you are an American, you must register to vote today and then proceed to vote every single representative out of office in November. Republican, independent or Democrat. Every one. No exceptions.
Pelosi, Hyde, Frank - any supporters of the bailout. Out!
Even those reps that fought against the bailout. Vote them out too! Why? Because they failed to educate and persuade their politically corrupt colleagues that it was a bad idea, so they are by default useless and inept "politicians" themselves.
They failed to protect America's taxpayers. They should be condemned to political unemployment and revert to their ambulance-chasing ways.
Residents of San Francisco/Berkeley, CA: You hereby obligated to grab your picket signs and pitchforks and demonstrate outside Pelosi's offices. This is not a "buy in". It IS a BAILOUT! You should be mad as hell and say you're not going to take it anymore.
I live in OC, California. Republican Rep John Campbell: You're on notice. Either vote thumbs down, or you go down in the unemployment figures come November.
Welcome to the New Depression brought to you by George and Dick.
Welcome to Hell.
GOP: The Party that Wrecked America
Boehner on the floor:
"This about what happens if this bill doesn't pass
Think about your family. Your neighbors.
The risk of not acting is much higher than the risk of acting."
Pretty dramatic stuff right now HP'ers, whether you're for this or against this.
If this bill does not pass, the worldwide financial markets will indeed crash.
Seriously.
No question.
If this bill does not pass, the worldwide financial markets will crash. Instantly. Like you've never seen before.
Thank you realtors. Thank you mortgage brokers. Thank you Alan Greenspan. Thank you Goldman Sachs. Thank you corrupt Congress. Thank you George Bush.
You've taken us to the very brink.
This bailout sickens me, but if doesn't pass, we fall into the abyss.
Here we go. I say it passes.
of course it's going to pass.
AIE - McCain may stick to his word but his word is clueless. Not 2 weeks ago he said the fundamentals of the economy were fine. The guy flip-flops every 5 minutes and then pretends he didn't say it - too bad he's too old to know that youtube captures everything for eternity
Dem leader right now:
"This is a day of consequence for the country."
"Retirement savings devastated. Businesses shrinking all over America. Families at risk"
"The meltdown would begin in a few square mile area of New York City, but before it was over, no city or town in America would be untouched"
I agree. And I know most of you don't. We got held hostage. But the predictions are real. If this doesn't pass, an economic bomb goes off that would make 9/11 or Pearl Harbor seem like childs play.
This day is one of the most historic days in US history. Even if 99% of Americans don't understand or care.
Today is HousingPANIC day at the US Congress.
Today is the day that came because they didn't listen, and did nothing.
HPer's, lend me your pockets!
Bend over and pay my mortgage. BUAHAHAHAHAHA!
Recently from Marketwatch:
Rep. Boehner: Passage of bailout in 'serious doubt'
This better not just be getting my hopes up to dash them again!
Dem leader right now:
"This is a day of consequence for the country."
"Retirement savings devastated. Businesses shrinking all over America. Families at risk"
"The meltdown would begin in a few square mile area of New York City, but before it was over, no city or town in America would be untouched"
I agree. And I know most of you don't. We got held hostage. But the predictions are real. If this doesn't pass, an economic bomb goes off that would make 9/11 or Pearl Harbor seem like childs play.
This day is one of the most historic days in US history. Even if 99% of Americans don't understand or care.
Today is HousingPANIC day at the US Congress.
Today is the day that came because they didn't listen, and did nothing.
----------------
Today is the day you pay my mortgage!
I am surprised no one has pulled the fire alarm or called in a bomb threat.
The above should not taken as an invitation, it is just a comment.
218 needed to pass
15 minutes
here we go!!!
105 to 72 out of the gate for
12 minutes away from the potential collapse of the worldwide financial markets
Its all BS . The new adjusted Bail Out Bail is the same Bill because the provisions for the taxpayers doesn't have any legal teeth ,yet the powers of Paulson to do what he wants is the essence of the Bill ,in spite of after the fact riview provision that carry no theeth either .
I resent that one of the Wall Street thieves that created this situation, being Paulson,used the fear play to get a Bad Bill passed . This Bill could be constructed so much pretty than the current form ,but they don't want that really . Its a trick Bill really that just gives the Blank Check to Wall Street that has been going on for the last year now anyway .
The Politicians think the Public is stupid and they can't see how it was a trick bill with lawyer language ,and they are betting the spin will spin it in their favor . I never thought that something didn't need to be done , but a good Bill would of been better for Main Street ,and in the final analysis the Politicians didn't want that .
"And now Citicorp is buying Wachovia. These would be gigantic news stories on their own during a normal day."
That is the whole point my friend- to cover it up and do it when no one is looking or because "it is in our interests."
12 minutes away from the potential collapse of the worldwide financial markets
------------
12 minutes away from HPers paying my mortgage! I can't wait!
this is beyond scary.... i can only hope this drive the price of gold down a bit... so i can scoop up... markets are still getting hammered... and i just lost my bank this morning :-/ bah...
So bets are on about how much of a rally we'll see in 5 minutes. I say minus 10 percent.
I guess some point in time people forget .. for every action there is an opposite and equal reaction...
no ying without yang... you cant simply delay market correction.. they only just made it bigger.
BUt i think they know this... they are just delaying the inevitable so they can get themselves ready for the big crash.
scary times..
128 to 123 for
6 minutes from the end of the world...
Holy shit ,so far they are running neck and neck on the bill . Makes me want to predict a 52 to 48 Victory for the BILL .
5 mins away from my mortgage being payed!
128 to 123 for
6 minutes from the end of the world...
-------
Dork!
HOLLLLLYYYY SHIIIIIIIIIIIIIII.IIT!!!!
REpublicans rock!
I don't get how they couldn't have some clause in the Bill that gives
a amendment to reconstruct the Bill for the benefit of the taxpayers when the house had more time to think about it . They are counting on one authority opinion being the Fed Chairman and One thief being Paulson . These guys have bungled the job for over a year now . I would not make decisions that affect the whole future of this nation on those Clowns ,and basically that's what the lawmakers are doing . Than if it fails they get to say that Paulson and the Fed Chairman misrepresented the situation and were incorrect in their analysis of the factors affecting the markets .Scapegoat built into the BILL . Draft a good Bill ..Please.
215 against
seconds away from you don't want to know...
Looks like the bill didn't pass.
This is going the be entertaining.
DOW 10,000.
Wait you guys ,the no Bill is gaining ,heck turning down the bill might win . Wow ,that would force
them into drafting a better Bill .
I can't believe what I'm seeing ,the race is close ...wow .
um, it didn't pass. Holy crap.
Doesn't look like it's going to pass
205 in favor
228 against!
Could it be they actually realized that this will only put us further in debt and won't stop the train wreck? Do they actually get it?
... and republicans save America!
But look at that bastard Dow Jones! It's gonna end up in positive territory at this rate!
See, no need for bailout!
Gavel hasn't come down
11 votes need to switch sides
Keith,
Where can we see a rollcall of those that voted "nay" and "yay".
I want to know how or even whether Obama and McCain each voted on this bill.
Wow, I can't believe it, they shot down the POS. There is still some sanity left in this country. Its a miracle!
Screw the market and the banks. LET THEM FAIL.
Its like a bandaid, either rip it off fast and get it over with or torture yourself. The bailout was torture.
Sanity was won the day!
LET THEM FAIL
I've never seen anything like this and never want to again
I should have gone to the beach today
Market is betting that they can get the votes to switch. The house members saw the crash underway, and now if they can get a few who know they won't be able to sleep tonight with a 1929 like crash on their hands, then they'll get this to pass
drama!!!!!!!!!
Why are votes being changed? Is that possible? The nays were 227 a minute ago, now they are 226!
This is madnesss....
Makes me proud to be Merikan. Finally, finally, a hint of a backbone.
JaneZ
they just got 1 - up to 207 to 226
needs 218 to pass. 11 more
dow is down 4.3% and holding. nasdaq down nearly 6%
Thank You Republicans ....Thank You...Now lets go after the crooks and get the cash back. I think the Treasury Dept is a good place to start
Let it burn!!! The ever-growing lower-class & shrinking middle-class have nothing to lose. I can't wait until these goons are flipping my burgers.
This is a dagger through the heart of Golden Sacks.
Die, you evil bastards!
The votes just changed... is that even legal?... why aren't they leaving? Can we get a friggin anouncement... ho hum...
America is still alive...
What does this say about the repubs..
Correct me if im wrong but they said nay because of a democrat admendment they didn't like? So the bill didn't screw us over enough so they voted no? Or did they just get a backbone and/or give Jmcain a pass...
206 - 12 short
it's over
market holding
I love how the media spins this. CNN.com has "House has 207 of 218 votes needed for bailout. See the tally."
Umm hello, there are 227 AGAINST.
WTFU
wtf is texas doing?
It's ovah!
Don't grab a shovel nor a bucket.
Let this wildfire burn it all down. It's useless, dangerous, thorny, water-greedy underbrush.
The faster it's done burning, the sooner the economy can grow again - perhaps greener and more lush than ever before.
And at least Democracy and American capitalism survive to fight for another day!
Now where are the f'ing indictments?
FBI, do you job!
OK... nearly everyone here has been screaming about horrible this bill was, and about how it should never happen.
Well, it isn't going to happen. What now?
The news was on in the gym and I wanted to scream out loud when I saw a soundbite of Obama saying "we must also bail out innocent homeowners."
I wanted to scream: THEY ARE NOT INNOCENT!
Homeowners who bought a house on a real loan and who have verifiable income don't have a problem right now and don't need his help.
Anyway, as for the bill, it will pass. No question about that.
Holly Shit they didn't pass the bill ,They are saying they want a better Bill. I can't believe what I'm seeing . The finger went to PAULSON
wow .
Only thing keeping the market from being down 40% is the hope that Congress will come back and re-vote with some changes
Unreal
Dow down 574 points. Nasdaq down 7.5%
Someone do the math and let us know how much wealth has been wiped away today in the markets
Now what?
Here's what:
1.) Identify ever soft bastard (206 of them?! Christ!) who voted in favor of this POS bill and write them a letter informing them to either resign or prepare to be voted out of office.
They must be held accountable for their irresponsible support of this bill.
2.) Identify every congressperson who voted against the bill and remind them that any revised version better not include a price tag to the American taxpayer. If version 2 of the Bill does, then tell them you'll send them 3 cardboard boxes with "I failed the American taxpayer" printed on them so that they can clean out their Washington office desks come January.
aww snap, they didnt pass the bill....whoooo-hheee
Holy smokes
What the hell is happening?
Are they changing the subject, putting the whole thing on hold to see if the market will stop?
I'm so afraid they're going to change the vote, did they bang the gavel? Argh!
This bailout is to restore liquidity to the Federal Reserve. Fed has lent out nearly half their holdings in exchange for crappy mortgage collateral. This adds up to nearly $500 billion. The $700 bailout allows Treasury to buy these very same mortgages.
If we're going to spend $700 billion to bail out the Federal Reserve, why don't we just abolish the Fed and use that money to capitalize a new national central bank?
Buy ...Buy...Buy
Never been a better chance to cash in on F-E-A-R than today. Sugar Daddy Paulson & Benny WILL not stop until the taxpayer's pockets are picked for the next 4 generations...Watch and see how fast they get another "Push for Passage" going.
malcolm ...In answer to your question.... What Now ?
They just have to go back to the drawing board and write a better Bill, that is all . Most people thought it was not a well contructed Bill and it gave way to much power to Psulson . Doesn't mean they aren't going to do a bail out ,it just means its going to be better written . In the mean time the Feds can inject as much cash into the system they want to keep markets functioning in the meantime . It was a Bill that deserved more time .
Its important to note that the stock market was down about 400 points anyway before they voted so
the market tells you that the bill
has nothing to do with a market correction that was taking place .
Wow! the sharks on wall street must be quite surprised to see the stock market NOT collapsing.
And then the bill's exposed for what it is: a retirement check for Paulson & Co
Just when you think it can't get worse, it gets worse
And to think we still have that wave of ARMs that haven't reset yet
Wow.
Market is betting that they'll make the changes they need to and get a bill passed this week.
I think they will too.
Now, to the Senate. 2/3 aren't up for re-election in a few weeks. 60 votes needed.
Crazy.
We need a list of all the politicians that supported this bill, and a campaign to vote these idiots out needs to go viral.
That includes a campaign to vote against both McCain and Obama.
Morons.
Well it did not pass and the world is still spinning.
Just drop baby!
TANK, TANK, TANK, TANK!!
The market will fall 600 today. The powers that be want to put a good scare into House members to make sure they vote for the next iteration of this bill.
At this point, it's all about creating more fear.
Yes the real truth is that the banks borrower about 500 Billion from the Feds in the Last 12 months that they can't pay . So now they want the taxpayers to absorb those short term loans they took out . Really it was a bad decision on the dream teams part to take bad paper for short term loans over a year ago ,Why do you think Paulson wanted total authority to purchase the loans he wanted .
"Someone do the math and let us know how much wealth has been wiped away today in the markets"
I hope it's a lot. I hope people lose their shirts today for all of the money they've stolen, for all that they have coming to them. Let the markets crash. Let the house of cards fall.
Dow's down 500. Big deal.
Anonymous Anonymous said...
Wow! the sharks on wall street must be quite surprised to see the stock market NOT collapsing.
And then the bill's exposed for what it is: a retirement check for Paulson & Co
------------
Wait till 3:59!
I am proud that House members
voted against a bill that was not
very well written . People who voted against it realize that it was not well written to cover what it should and other alternative were not looks at .
Getting late in the afternoon
Where's the PPT?
I hope it just keeps getting worse.
The Legacy of George W. Bush, the Worst President ever, now presiding over the New Depression.
History will be brutal, and Rightfully So.
Maybe if Paulson gets down on both knees this time and opens his mouth, maybe that would attract the Right Kind of attention.
Burn Baby, Burn. Another 2K points down please.
America, the laughing stock of the world.
DIE U PIGS
ps: What would Palin do? LOL
http://moneycentral.msn.com/detail/stock_quote?Symbol=$INDU
That gives you the % changes on the day for the markets
"Where's the PPT?"
I am always wrong but my guess is that the market will dip further just before close.
Dang, that means HPers will not pay my mortgage! OH WELL, let the sucker foreclose!
Where's the PPT?
Keith, don't you realize they want the market to dive right now? That way they can hammer home how bad it is going to be.
Haha, http://www.house.gov/ website is down. Bwahahaha
Please list the names of the 205 representatives who voted in favor, so we can vote them out next election. No more crooks running our lives!
Funny thing is, they would have passed it overwhelmingly one week ago.
.
THIS SUCKER IS GOING DOWN...HEEEE-HAAAAA!
.
Congress shot it down.
Market down big. Wall Street throws a temper tantrum - waaaaaaaaaaaah, we want our yacht money!!!!
Hussein would sit down with DOW, without any preconditions, and ask it to rise.
Keith, the bill failed! Hello Keith! Hello!
You should be happy!
Congress staying in session - won't go on their little pre-election vacation:
14:57 ET
House to abandon pre-election recess plans to deal with financial crisis: senior House aide - Reuters
It's hard to be happy when I know what's coming
Also, I'm certain the bailout will happen still. With some changes. It failed by a few votes. They'll get them, with a few bribes here and there
People will be calling congress now to say "get a damn bailout done - my stocks are crashing!"
This is the 2nd inning
Oil down 10% today
this is a fricking casino folks. better off playing craps
cash is king
In memory of Paul Newman, a huge failure to communicate...
We The People
Not quite as dead as I thought. A great day for the little guy
Burn baby burn!!!
We need a HUGE correction to get back to reality. Yes it will be painful but to actually recover and not continue being a "debt junky" the U.S. has to go thru real pain.
There is now way around it.
Unfortunately, even if they have to wait until after the elections the WS sharks will keep pushing/bribing until they have their way.
This baby has BURNED, Keith. The bill has LOST~ YEEHAWW!! The Republicans "leaders" and Democratic leaders both end up with MUD on their faces.
"Botox" Pelosi is looking like some old frog on tv, right now. John Bumbling Beohner looks like a man without a country. They deserve the scorn that was just heaped upon both of them. YEEHAWW!!
They'll easily find 6 dems and 6 reps for the next round
easily
the question is going to be if the senate can get 60 votes
They'll easily find 6 dems and 6 reps for the next round
So let's put pressure by posting the names of the 205 who voted YEA, so everyone can vote them out.
PLEASE POST ON YOUR BLOG, AT THE TOP, THE NAMES OF THE 205 TRAITORS WHO VOTED YEA.
And let's flood them with calls and letters, warning they will lose their jobs.
The market was going to crash anyway. The "bailout to avoid a crash" is just the megathieves gambit BEFORE the inevitable. Pretty clever of them, eh?
They fooled Keith too.
www.house.gov continues to be "crashed".
You cannot yet see a rollcall of who voted "for" or "against" the legislation.
Afraid for their political lives.
Here's Cramer. Meanwhile, watch the world melt down this week. The world has gone HousingPANIC.
Good luck to all of you. Many of your friends, relatives and neighbors are about to lose everything - what they haven't lost already. Their home 'equity', their savings, their 401ks, and their jobs.
We needed it. Without it, the stock market will now reflect a series of assumptions:
1. worldwide economic collapse;
2. a depression that is a sequel equal to the Great Depression;
3. many, many more bank collapses than we have had already; and
4. much more unemployment and many, many foreclosures.
I still believe that they can pick up the pieces somehow, but I cannot hide my thoughts that we have an economic disaster on our hands and the only weapon we had created was the mortgage plan.
Here's what I think happens now. We'll look for self-funding companies that do not need debt and do not need economic activity, and we'll start to pick at them. But we have to expect that we can go down several thousand more points without a plan, and I would use the prices I gave you in my pieces the other day to use as benchmarks to where things can go.
http://www.thestreet.com/story/10439868/1/cramer-heres-whats-in-store.html?
Keith,
I agree with anon post at 8:16 pm.
The "YEA" votes must be named and shamed.
The media will not do this.
Keith are you for or against this bill? Didn't we all want it to fail?
Let the markets burn! Let it all crash like a 25 car wreck at the Daytona 500!
Think about what this is going to do for the approval ratings of incumbents
all of 'em folks. vote 'em all out.
Keith, no fear mongoring! This is what Bushy and Hanky are doing to sucker us into giving them a blank check to all the cash in America!
We at HP and America have won! Let homes fall, let stocks fall! Wall street has to stop pimping mortgages. Homes are for families!
Great job Keith. You are part of the solution!
Barney "Chuckles the Clown" Frank, is trying to justify the loss.
Wall Street has been given a dose of reality. Let 'er rip downward. Maybe, Wall Street will finally get a kick in the ass, and see that it's not getting bailed out with this particular corporate welfare bill.
So have you guys checked your 401notOK's today?
Let me save you the suspense.
Don't.
Don't do it.
You will probably not like what you find.
Now what about those that are 40-,50- and 60-something? They may lose everything they needed to retire at all.
here comes deflation
Time to party like it's 1929!
If the economy screeches to a halt our plan is to hole up in Paso Robles wine country for a year or two. Livin' is cheap and it's beautiful. We could survive a decade or more (or somewhere equally inexpensive) up there without income.
Maybe this is a shoutout from the public stating "Go ahead and fail. We're willing to go without a few auto loans for awhile to teach Wall Street and the Fed a lesson or two".
Against the bill as it was written. The original bill was treasonous, with Hank Paulson becoming King, with no oversight. The bill I quickly read this morning was improved. But still a crap sandwich.
We should never have been in this position. America was taken hostage by corrupt monkeys.
That said, I'm against the economy and markets being devastated, and the country being ruined. I want home prices down. I don't want America to burn. Now, there's a chance that America may burn. Seriously burn - riots in the streets, etc.
This is serious stuff. 1929 stuff. Or worse.
Today is a sad day for America. There is no winner today HP'ers.
And if you're playing at home, and you were against this bill, don't get too excited, because something similar will pass this week.
If you're for this bill, it'll pass, but not until the world financial markets melt down.
Get popcorn. And maybe some ammo.
Thank you, republicans, for destroying the evil system of capitalism.
Viva La Revolution! Cuba here we come!
To keith and those who were sure it would pass--LOL wrong again!
But seriously,
Indication #1 of how screwed our process of government is:
The name of the bill is:
"To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes"
LOL! The biggest bill in the history of our country, during the biggest crisis, and they can't get the NAME right??!?!?!?!?!?!?!?!
Indication #2: Supposedly in the final minutes of debate, Pelosi railed against Bush policies that supposedly caused the problems so supposedly that caused a bunch of republicans not to vote for the bill--a bill that BUSH was pushing! So they wanted to support Bush and push against Bush's enemy by--voting against Bush??!?!??
Better explanation: her words reminded them that, if they want to get reelected, they better continue to distance themselves from (and defy) the will of Bush (not to mention going up against the majority leadership on the left.)
IS THIS WHAT YOU REPUBLIDIOTS ELECTED YOUR REPS TO DO?
VIX is at a 6-year high today
We're getting near capitulation
How far this sucker falls unit it bottoms though, TBD.
The world markets tomorrow morning are going to be historic.
FUBAR
http://www.cnbc.com/id/15840232?video=872018725
They're gonna keep voting on this one folks
Either side, don't get too excited.
First round
HPers are not in 401(k)s. We are in cash! Some gold! Mostly cash!
Got some?
Keith, it's over! Get over it! America is a great country! We can handle it!
If folks are so stupid to not know what is going on then they will pay the price.
There is nothing more to fear than fear itself!
If we need a revolution so be it!
Bring it on!
The country will live on!
Now, there's a chance that America may burn. Seriously burn - riots in the streets, etc.
I'll be carrying several spare mags along with Mr. Glock, who already rides along daily.
Keith,
This link helps ID and NAME and SHAME the "Yea's" and "Nay's" from bill HR 3997 (at least Round 1 of that bill):
http://projects.washingtonpost.com/congress/110/house/2/votes/674/
Personally, I'm pissed that my Representative John Campbell (R-CA) voted "yes".
There goes the BRIC--- Brazil,Russia, India China.... so long suckers....
You bought all that crap and took it over to the other side of the Atlantic and Pacific as well.
This will be a new Chernobyl, but more TOXIC!!!!!
Let me get some orange juice....
Rep. Thaddus McCotter Floor Speech Opposing Bailout Legislation
http://www.youtube.com/watch?v=Csthf_CQsjo
Peace land and bread.
Sure, vote out all the dems. See how well the republicans do on the flipside. Not like you didn't give them the better part of 30 years to totally f*ck things up!
Enjoy your Depression, republicans. You earned it.
Stocks plunge 700! Wow!
Burnin Down Tha House! Bump Bada Bump Bum!
Thank you Senator Pelosi, for saving the country from the Criminal Retributions Treasury Bill with your speech.
Here's the Hall of Shame for Today:
Vote accordingly...
FINAL VOTE RESULTS FOR ROLL CALL 674
(Democrats in roman; Republicans in italic; Independents underlined)
H R 3997 RECORDED VOTE 29-Sep-2008 2:07 PM
QUESTION: On Concurring in Senate Amendment With An Amendment
BILL TITLE: To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes
Ayes Noes PRES NV
Democratic 140 95
Republican 65 133 1
Independent
TOTALS 205 228 1
---- AYES 205 ---
Ackerman
Allen
Andrews
Arcuri
Bachus
Baird
Baldwin
Bean
Berman
Berry
Bishop (GA)
Bishop (NY)
Blunt
Boehner
Bonner
Bono Mack
Boozman
Boren
Boswell
Boucher
Boyd (FL)
Brady (PA)
Brady (TX)
Brown (SC)
Brown, Corrine
Calvert
Camp (MI)
Campbell (CA)
Cannon
Cantor
Capps
Capuano
Cardoza
Carnahan
Castle
Clarke
Clyburn
Cohen
Cole (OK)
Cooper
Costa
Cramer
Crenshaw
Crowley
Cubin
Davis (AL)
Davis (CA)
Davis (IL)
Davis, Tom
DeGette
DeLauro
Dicks
Dingell
Donnelly
Doyle
Dreier
Edwards (TX)
Ehlers
Ellison
Ellsworth
Emanuel
Emerson
Engel
Eshoo
Etheridge
Everett
Farr
Fattah
Ferguson
Fossella
Foster
Frank (MA)
Gilchrest
Gonzalez
Gordon
Granger
Gutierrez
Hall (NY)
Hare
Harman
Hastings (FL)
Herger
Higgins
Hinojosa
Hobson
Holt
Honda
Hooley
Hoyer
Inglis (SC)
Israel
Johnson, E. B.
Kanjorski
Kennedy
Kildee
Kind
King (NY)
Kirk
Klein (FL)
Kline (MN)
LaHood
Langevin
Larsen (WA)
Larson (CT)
Levin
Lewis (CA)
Lewis (KY)
Loebsack
Lofgren, Zoe
Lowey
Lungren, Daniel E.
Mahoney (FL)
Maloney (NY)
Markey
Marshall
Matsui
McCarthy (NY)
McCollum (MN)
McCrery
McDermott
McGovern
McHugh
McKeon
McNerney
McNulty
Meek (FL)
Meeks (NY)
Melancon
Miller (NC)
Miller, Gary
Miller, George
Mollohan
Moore (KS)
Moore (WI)
Moran (VA)
Murphy (CT)
Murphy, Patrick
Murtha
Nadler
Neal (MA)
Oberstar
Obey
Olver
Pallone
Pelosi
Perlmutter
Peterson (PA)
Pickering
Pomeroy
Porter
Price (NC)
Pryce (OH)
Putnam
Radanovich
Rahall
Rangel
Regula
Reyes
Reynolds
Richardson
Rogers (AL)
Rogers (KY)
Ross
Ruppersberger
Ryan (OH)
Ryan (WI)
Sarbanes
Saxton
Schakowsky
Schwartz
Sessions
Sestak
Shays
Simpson
Sires
Skelton
Slaughter
Smith (TX)
Smith (WA)
Snyder
Souder
Space
Speier
Spratt
Tancredo
Tanner
Tauscher
Towns
Tsongas
Upton
Van Hollen
Velázquez
Walden (OR)
Walsh (NY)
Wasserman Schultz
Waters
Watt
Waxman
Weiner
Weldon (FL)
Wexler
Wilson (NM)
Wilson (OH)
Wilson (SC)
Wolf
---- NOES 228 ---
Abercrombie
Aderholt
Akin
Alexander
Altmire
Baca
Bachmann
Barrett (SC)
Barrow
Bartlett (MD)
Barton (TX)
Becerra
Berkley
Biggert
Bilbray
Bilirakis
Bishop (UT)
Blackburn
Blumenauer
Boustany
Boyda (KS)
Braley (IA)
Broun (GA)
Brown-Waite, Ginny
Buchanan
Burgess
Burton (IN)
Butterfield
Buyer
Capito
Carney
Carson
Carter
Castor
Cazayoux
Chabot
Chandler
Childers
Clay
Cleaver
Coble
Conaway
Conyers
Costello
Courtney
Cuellar
Culberson
Cummings
Davis (KY)
Davis, David
Davis, Lincoln
Deal (GA)
DeFazio
Delahunt
Dent
Diaz-Balart, L.
Diaz-Balart, M.
Doggett
Doolittle
Drake
Duncan
Edwards (MD)
English (PA)
Fallin
Feeney
Filner
Flake
Forbes
Fortenberry
Foxx
Franks (AZ)
Frelinghuysen
Gallegly
Garrett (NJ)
Gerlach
Giffords
Gillibrand
Gingrey
Gohmert
Goode
Goodlatte
Graves
Green, Al
Green, Gene
Grijalva
Hall (TX)
Hastings (WA)
Hayes
Heller
Hensarling
Herseth Sandlin
Hill
Hinchey
Hirono
Hodes
Hoekstra
Holden
Hulshof
Hunter
Inslee
Issa
Jackson (IL)
Jackson-Lee (TX)
Jefferson
Johnson (GA)
Johnson (IL)
Johnson, Sam
Jones (NC)
Jordan
Kagen
Kaptur
Keller
Kilpatrick
King (IA)
Kingston
Knollenberg
Kucinich
Kuhl (NY)
Lamborn
Lampson
Latham
LaTourette
Latta
Lee
Lewis (GA)
Linder
Lipinski
LoBiondo
Lucas
Lynch
Mack
Manzullo
Marchant
Matheson
McCarthy (CA)
McCaul (TX)
McCotter
McHenry
McIntyre
McMorris Rodgers
Mica
Michaud
Miller (FL)
Miller (MI)
Mitchell
Moran (KS)
Murphy, Tim
Musgrave
Myrick
Napolitano
Neugebauer
Nunes
Ortiz
Pascrell
Pastor
Paul
Payne
Pearce
Pence
Peterson (MN)
Petri
Pitts
Platts
Poe
Price (GA)
Ramstad
Rehberg
Reichert
Renzi
Rodriguez
Rogers (MI)
Rohrabacher
Ros-Lehtinen
Roskam
Rothman
Roybal-Allard
Royce
Rush
Salazar
Sali
Sánchez, Linda T.
Sanchez, Loretta
Scalise
Schiff
Schmidt
Scott (GA)
Scott (VA)
Sensenbrenner
Serrano
Shadegg
Shea-Porter
Sherman
Shimkus
Shuler
Shuster
Smith (NE)
Smith (NJ)
Solis
Stark
Stearns
Stupak
Sullivan
Sutton
Taylor
Terry
Thompson (CA)
Thompson (MS)
Thornberry
Tiahrt
Tiberi
Tierney
Turner
Udall (CO)
Udall (NM)
Visclosky
Walberg
Walz (MN)
Wamp
Watson
Welch (VT)
Westmoreland
Whitfield (KY)
Wittman (VA)
Woolsey
Wu
Yarmuth
Young (AK)
Young (FL)
---- NOT VOTING 1 ---
Weller
Yup, got killed on AAPL (on paper). But tempted to buy more.
Actually, tempted to buy more and more of a lot this week or next - after the blood runs deep.
Go study 1929. And 1987. And other sickening drops.
The real money is made by the people that smartly had the cash (not many of those) that came in and bought up the distressed assets at stupid prices.
HP'ers have the cash. HP'ers prepared. HP'ers are uniquely positioned.
Some companies will simply go out of business - buy their shares and lose it all. Other companies will meddle by, and might not ever recover.
Other companies are uniquely positioned to dominate their market after the dust settles. Even this nuclear dust.
Want a few? Don't buy 'em yet, but watch 'em
Bank of America
Apple
Exxxon
Coke
Goldman Sachs
Those are off the top of my head. Also watch Russia (which starts buying $100 billion plus of their shares on 10/1). And watch any company sitting on piles of cash, like Berkshire.
Thoughts?
Picks?
Wall Street is bragging that "they will get a bailout folks" to quote Maria somebody on one of the financial networks. these financial talking heads say that Main Street just doesn't get it -that credit markets will dry up and payrolls lost. Guess what you Wall Street asswipes, Main Street does get it. Our dredit and jobs dried up LONG ago-now you can feel our pain. If our elected officials think they can placate the American public, well IMO the cat is out of the bag, and the peasants are revolting!!
Keith, you have to know that if the socialists hadn't banned short sales they could have saved the market from such a huge drop by covering!
Socialism just doesn't work in a free market.
So have you guys checked your 401notOK's today?
401(k) and MBAs are the biggest scam ever perpetrated on sheeple.
My wife's company offered a 401(k); we said thanks but no thanks, we'll keep investing on our own. No, there was no matching, so calm the f-down.
We've been all cash since last year and sold house at peak in 2005, tax free up to $500k. We're just waiting for the blood to coagulate a little, so we can jump back in to slaughter the sheep. No rush; we love downturns to make a $hitload of money.
Someone do the math and let us know how much wealth has been wiped away today in the markets
It was just $1 trillion in the US alone.
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