Gothamist: Wall Street May Rally on Bailout Hope

yetanotherdamneduselessaccount

Tue, 30 Sep 2008 12:45:58 -0500

The bail-out is bullshit. It's like handing over your life savings to some idiot who just lost his shirt in a casino who has no intention of leaving the casino. Truly excellent analogy. Think I'll use that one. Unfortunately politicians and the media are so up to their eyeballs in political correctness, they don't dare even mention it let alone fix it. The other elephant in the room that will NEVER be mentioned is the economic effect of spending untold amounts of money PER MINUTE waging wars around the globe. But, the gov just prints more money. What a mechanism un-based currency is, huh? They can take money from you without even reaching in your pocket. I invest in things I can touch and have long been scoffed at for that approach. I also have no debt and own property. Glad I trusted my intuition and not the advice of "experts".

ides_of_march

Tue, 30 Sep 2008 11:31:42 -0500

The bail-out is bullshit. It's like handing over your life savings to some idiot who just lost his shirt in a casino who has no intention of leaving the casino. The solution is to end the affirmative-action lending practices that got the economy into this mess in the first place. Unfortunately politicians and the media are so up to their eyeballs in political correctness, they don't dare even mention it let alone fix it.

gossipgirl

Tue, 30 Sep 2008 11:08:58 -0500

There is no "hope" with this bailout.

famdoc

Tue, 30 Sep 2008 10:26:32 -0500

Rally? The market will continue to go up and down in large part due to rumors, perceptions and speculation. Gains and losses of 200, 300, or 400 points will be commonplace. This is just the beginning of a long, troubled period for the American economy and as credit markets further tighten, many will lose their jobs. Another legacy of the Bush/Paulson Administration and of the move to imaginative financial "instruments." It used to be people invested in companies. Now, there are derivatives, hedge funds, short-selling, securitization of risky mortgage pools, etc. Not for the faint-of-heart.

joshing

Tue, 30 Sep 2008 10:23:01 -0500

Thats right lil Hitler, nothing says "common sense" in Washington like fighting a fire with gasoline.

babyhitler

Tue, 30 Sep 2008 09:21:04 -0500

lower interset rates? you mean the reason why we were in this whole boondoggle, ridiculously low interest rates, will be even lower?