Our financial system is crumbling this week.

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TimeForGuinness
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Re: Our financial system is crumbling this week.

Post by TimeForGuinness »

jim wrote:
thrill wrote:Buying individual stocks as a layman is retarded (no offense if you do).
Timing the market is also a bad plan as well.
That is why I don't trade, I invest. Buy low...sell high...and above all...DON'T PANIC.

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Leroy
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Re: Our financial system is crumbling this week.

Post by Leroy »

The stock market is crashing because people are coming to realize that we are about to have Obama elected president.

AWvsCBsteeeerike3
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Re: Our financial system is crumbling this week.

Post by AWvsCBsteeeerike3 »

OPEC is planning on cutting oil production to get prices back up....just an fyi if you need to fill up the cars, might want to do that at some point this weekend.....

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sighyoung
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Re: Our financial system is crumbling this week.

Post by sighyoung »

Zoinks! The housing slump has now rocked Middle Earth! No hobbits are safe!

http://blogs.wsj.com/developments/2008/ ... ons-shire/

A look at what might have been:
http://www.bendshire.com/

maddash
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Re: Our financial system is crumbling this week.

Post by maddash »

sighyoung wrote:Zoinks! The housing slump has now rocked Middle Earth! No hobbits are safe!

http://blogs.wsj.com/developments/2008/ ... ons-shire/

A look at what might have been:
http://www.bendshire.com/
On a slightly different, but equally dorky tangent.

http://www.massively.com/2008/08/24/mak ... um-is-mia/

http://en.wikipedia.org/wiki/Virtual_economy

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G. Keenan
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Re: Our financial system is crumbling this week.

Post by G. Keenan »

sighyoung wrote: A look at what might have been:
http://www.bendshire.com/
How did anyone think that would be a good idea?

BenNX74205
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Re: Our financial system is crumbling this week.

Post by BenNX74205 »

AWvsCBsteeeerike3 wrote:OPEC is planning on cutting oil production to get prices back up....just an fyi if you need to fill up the cars, might want to do that at some point this weekend.....
I really hate OPEC. I'm just not sure if it's for them getting me to think $3/gallon is a great price for gas, or if it's because they're going to cut production because $3/gallon just isn't good enough.

greenback44
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Re: Our financial system is crumbling this week.

Post by greenback44 »

The New York Times wrote:Treasury officials began canvassing banks and investment firms about the possibility of having the government buy stakes in them. The new bailout law gave the Treasury the authority to buy up almost any kind of asset it wanted, including stock or preferred shares in banks.

Industry executives quickly told Mr. Paulson that they liked the idea, though they warned that the Treasury should not try to squeeze out existing shareholders. They also begged Mr. Paulson not to impose tough restrictions on executive pay and golden-parachute deals for executives who are fired.

Mr. Paulson heeded those pleas. In his remarks on Friday, he carefully noted that the government would acquire only “nonvoting” shares in companies. And officials said the law lets the Treasury write most of its own restrictions on executive pay, and those restrictions can be lenient if they are applied to a set of fairly healthy companies.
That's ugly reading on so many levels.

TimeForGuinness
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Re: Our financial system is crumbling this week.

Post by TimeForGuinness »

greenback44 wrote:
The New York Times wrote:Treasury officials began canvassing banks and investment firms about the possibility of having the government buy stakes in them. The new bailout law gave the Treasury the authority to buy up almost any kind of asset it wanted, including stock or preferred shares in banks.

Industry executives quickly told Mr. Paulson that they liked the idea, though they warned that the Treasury should not try to squeeze out existing shareholders. They also begged Mr. Paulson not to impose tough restrictions on executive pay and golden-parachute deals for executives who are fired.

Mr. Paulson heeded those pleas. In his remarks on Friday, he carefully noted that the government would acquire only “nonvoting” shares in companies. And officials said the law lets the Treasury write most of its own restrictions on executive pay, and those restrictions can be lenient if they are applied to a set of fairly healthy companies.
That's ugly reading on so many levels.
I really don't know what to say...

AWvsCBsteeeerike3
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Re: Our financial system is crumbling this week.

Post by AWvsCBsteeeerike3 »

BenNX74205 wrote:
AWvsCBsteeeerike3 wrote:OPEC is planning on cutting oil production to get prices back up....just an fyi if you need to fill up the cars, might want to do that at some point this weekend.....
I really hate OPEC. I'm just not sure if it's for them getting me to think $3/gallon is a great price for gas, or if it's because they're going to cut production because $3/gallon just isn't good enough.
don't worry they're jut creating low prices during eledction stimes so that peple ton't pay attention to drilling in the arctic or alaska whatever it waw because they love obama and don't want the 80% of america to vote for mccani bc they all want to drill in the arctic or alaska or whatever. i [expletive] you onot its a consipiricacy. those damed opec coutnies love obama. seriously. watch the fox ness theyll tell you.

edt: just thoughti jwshould edit thios to peple know i was kiding. fox news is not reliablej.

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