Bailout rejected and dow drops 700 points...bailout approved and dow drops 700 points

Discussion in 'Economics' started by peilthetraveler, Oct 6, 2008.

  1. MattF

    MattF

    he used to be at Goldman after all...
     
    #11     Oct 6, 2008
  2. I think the first thing Kaskari will do is 'appropriate' $20-25M to his own personal bank account, possibly a Swiss account.

    think about it: $25M of $700B is a drop in the bucket.Who would notice?How would he get caught?The average American doesnt even care.

    he would probably rationalise it as a 'fee' for helping and doing whats right for his country.Plus all those 'favors' he's done for Paulson and Paulsons wife.He needs to get paid for that stuff too doesnt he?
     
    #12     Oct 6, 2008
  3. Bush and his arabs.
     
    #13     Oct 6, 2008
  4. Bailouts a bullish. Give it time to work.
     
    #14     Oct 6, 2008
  5. karol88

    karol88

    to me the market moves in the opposite of the expected direction....at least initially
     
    #15     Oct 6, 2008
  6. impertinent questions......

    how far down in the Gutter do we need to go to realise the Bailout was/is/will be ineffective and a complete waste of time and money?

    when will the public realise Paulson/Kashkari et al are evil to say the least?

    when will the Congressmen who voted for the Bailout be held responsible for their actions?

    how far in the Gutter will the Market sink before people come to their senses and actually decide to do something?
     
    #16     Oct 7, 2008
  7. Market is blackmailing with 300 pts down day everyday until Benny starts to cut rates.
     
    #17     Oct 7, 2008
  8. I think one way to get this Market to rally is to repeal the Bailout and divide that $700B among the working class citizens of this country.

    that alone would start a tremendous rally and we would see SPX 1500 in no time, on the way to 1750.

    but to leave a 35 year old Criminal in charge of $700B is ridiculous and the Market knows it.

    his first move will be to wire $25M of that to his own bank account,the Market knows that too.
     
    #18     Oct 7, 2008