A Letter Against the Bailout Plan

Discussion in 'Wall St. News' started by OldTrader, Sep 26, 2008.

  1. IluvVol

    IluvVol

    fair enough let the majority have its say. I respect it. Lets see where we get with this. At least we dont need to speculate anymore.

     
    #111     Sep 29, 2008
  2. jprad

    jprad

    I think it's far from over. I expect that once the votes are made public we're going to see a pretty strong divide between the newcomers in the rank & file vs. the old-timers and leadership.
     
    #112     Sep 29, 2008
  3. IluvVol

    IluvVol

    well what does it matter? We already see some results of this "foresight" of the legislative. NORMAL SMALL companies (repeat, non-banks, smaller firms) cant get short-term funding TO PAY WAGES. And this is just getting worse. I certainly hoped it will pass as I also put on a position which I took off when sp approached 1160 from the north side. But this is what has been decided. I dont expect something else to pass, how do those who voted no answer that they changed their mind suddenly. Only possibility I see is a complete market melt-down but thats exactly what I expected to happen with the bill voted down. I think it will become apparently clear how much the small Joe on the street will get squeezed and hurt the next few weeks as a result of this. This was unnecessary.

     
    #113     Sep 29, 2008
  4. jprad

    jprad

    Uh, did you just wake up to the political process last week?

    Yeah, like you were railing against the mass outsourcing of American jobs 5 years ago...
     
    #114     Sep 29, 2008
  5. Is that letter even real? I know I'm just a kid but in #7 he spells guarantee two ways..

    guaranty and guarantee

    Is the letter really a fraud type of thing or is it real?
     
    #115     Sep 29, 2008
  6. It's all over the internet. That's where I got it. But here's a link to Bloomberg:

    http://www.bloomberg.com/apps/news?pid=20601109&sid=afxCLBycUdbc&refer=home

    In this link in the 2nd paragraph they say:

    The letter was verified by Bob Denham, a spokesman for BB&T, North Carolina's third- largest bank.

    But check it out for yourself. Easy enough to do. The guy wrote the letter and sent to every Congressman and Senator.

    OldTrader
     
    #116     Sep 29, 2008
  7. IluvVol

    IluvVol

    everone goes after their own interest, even you. So dont make yourself sound so philanthropic. I focus on the current situation and thats pretty dire for the US. But go on, celebrate this historic even if you like. You must now feel good about yourself. At least the vote of the small guy, who really DOES NOT understand, was reflected in the vote for PURE fear of not getting re-elected.

    The oursourcing years ago of manual labor was a very natural process of getting to the next level in society by outsourcing things that others have an edge, cost wise. I dont think it can be compared with this crisis whatsoever.

     
    #117     Sep 29, 2008
  8. Thank you Old
     
    #118     Sep 29, 2008
  9. IluvVol

    IluvVol

    and the CEO of North Carolina's ;-) THIRD largest bank really understands all the implications, lol. Enough said.

    Oh wait, as he seems to run his ship straight, we dont hear him financing and lending to small companies as he did before. Hmm, surprise surprise. He should be coming out now with his seemingly strong balance sheet and grab market share by applying sound risk management techniques that he claims to understand so well. Where is he? BB&T go for it ;-)

     
    #119     Sep 29, 2008
  10. sprstpd

    sprstpd

    Oh yes, it feels good. Let these companies roast.
     
    #120     Sep 29, 2008