And you know about economics Gaar? If you go back through the posts you will find I said the American economy will crash before the Bear Sterns revelations and subsequent bail out. Since then Freddie and Fannie have had to be rescued, Lehmans is on the way out and other 11 banks, including Indy Mac have disappeared for good. This is just the beginning Alt-A loans, credit cards, personal loans and further losses due to job lay-offs are going to decimate the US and world economy, not to mention the cost of the war.
Denials of what is happening and vague references to the capitalist curve won't stop the crash of the US economy and the GOP. And Sarah should shut up. Bushes world doctrine? Apparently Bush has a doctrine the encompasses the domination of the world. Well done, thanks for that information Sarah. We knew that anyway, but thanks for being stupid enough to articulate it for us. A world doctrine and nothing is said, that's amazing On Sep 13, 6:36 am, Gaar <[EMAIL PROTECTED]> wrote: > Your ignorance about the Market is amazing... > > But what gets to me is how you blame Sarah when it goes down, but not > when it goes up. > > Why is that you suppose? > > On Sep 12, 12:44 pm, PoliticalAmazon <[EMAIL PROTECTED]> > wrote: > > > Why is it every time Sarah Palin opens her mouth, the stock market > > tanks?l SHUT UP, SARAH! SHUT THE FUCK UP! > > > ------------ > > > On Sep 12, 12:40 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > Bank of America Leads Lehman Bidders; Treasury Balks > > > By Yalman Onaran > > > > Sept. 12 (Bloomberg) -- Bank of America Corp. leads a list of > > > potential bidders for Lehman Brothers Holdings Inc., a person with > > > knowledge of the talks said, even as the U.S. Treasury opposed funding > > > a deal and the structure of any transaction remained in flux. > > > Chief Executive Officer Richard Fuld, who built Lehman into the > > > biggest U.S. underwriter of mortgage securities during his four > > > decades at the investment bank, was pushed toward a forced sale after > > > talks about a cash infusion from Korea Development Bank ended, > > > sparking a drop of more than 75 percent in the firm's market value in > > > the past four > > > days.http://www.bloomberg.com/apps/news?pid=20601087&sid=airWpYw5k9Vw&refe... > > > > Alt-A Mortgages Next Risk for Housing Market as Defaults Surge > > > By Dan Levy and Bob Ivry > > > Sept. 12 (Bloomberg > > > > Homeowners lured by low introductory rates to Alt-A mortgages, which > > > typically require little or no proof of a borrower's income, may fuel > > > the next wave of foreclosures and further delay a recovery from the > > > worst housing decline since the 1930s. Almost 16 percent of > > > securitized Alt-A loans issued since January 2006 are at least 60 days > > > late, data compiled by Bloomberg show. Defaults will accelerate next > > > year and continue through 2011 as these loans hit their three- and > > > five-year reset periods, according to RealtyTrac Inc., an Irvine, > > > California-based foreclosure data > > > provider.http://www.bloomberg.com/apps/news?pid=20601109&sid=arb3xM3SHBVk&refe... > > > > Paulson Adamant No Money for Lehman, Fed Against It > > > By Craig Torres and Rebecca Christie > > > > Sept. 12 (Bloomberg) -- Treasury Secretary Henry Paulson is adamantly > > > opposed to using government funds to aid Lehman Brothers Holdings > > > Inc., and Federal Reserve officials are inclined to agree. > > > A person familiar with Paulson's thinking said Wall Street has been > > > aware of Lehman's troubles for a long time and had time to prepare for > > > any crisis at the company. The access Lehman has to loans from the > > > central bank will allow an orderly process, the person said. Fed > > > officials are aligned with the Treasury > > > ahttp://www.bloomberg.com/apps/news?pid=20601068&sid=azMNL.tm5ckk&refe... > > > > AIG May Announce Its Turnaround Plan Before Sept. 25 Deadline > > > By Hugh Son > > > > Sept. 12 (Bloomberg) -- American International Group Inc., the largest > > > U.S. insurer by assets, may announce a turnaround plan before the > > > previous deadline of Sept. 25, a person familiar with the company > > > said. > > > The plan may include selling assets, raising capital and restructuring > > > the company, said the person, who declined to be named because New > > > York-based AIG hadn't made an official announcement. > > > To contact the reporter on this story: Hugh Son in New York at > > > [EMAIL > > > PROTECTED]://www.bloomberg.com/apps/news?pid=20601087&sid=a6r6t3k8uX4A&refe... > > > > Washington Mutual Sees $4.5 Billion Loan-Loss Provision in Quarter > > > > Sept. 11 (Bloomberg) -- Washington Mutual Inc., the savings and loan > > > that lost a third of its value this week, said that it is ``well > > > capitalized'' and forecast a third-quarter loan-loss provision of $4.5 > > > billion. > > > Net charge-offs may increase by less than 20 percent in the third > > > quarter, compared with 60 percent in the previous period, the Seattle- > > > based lender said today in a statement. WaMu said it has $50 billion > > > in > > > liquidity.http://www.bloomberg.com/apps/news?pid=20601087&sid=aeWYL8tllp7s&refe...Hide > > > quoted text - > > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
