Falling dollar.. Good or bad?

Such is life, wez. Such is life.

You're at risk every second of the day, though most of us shrug it off and go about our merry business.

Calamities happen, accidents happen, sh!t happens; life is a gamble and risk is rolling the dice.

 

We are dumping 83 billion dollars into the already devalued US market by giveing them a loan against money we don't have! I can hear the dollar value tumbling as I type this...

 

I am now quite certain that Nancy Pelosi is either completely delusional, in complete denial, or thinks that the American people are downright stupid...

TheHill.com

 

I'll go with choice number three. It was a difficult decision because there are elements of the first two included. Guess it was more like an "all of the above" choice.

 

I predict that soon there will be a 'bank holiday' to keep people from running thier accounts dry..

 

Pretty freakin tired of the TJ/eddo blame game in Washington.. They all need to go, now.

 

I heard on the radio on the way home that Russia closed it's markets after a freefall.. and that all the billionaires are leaving cause they see their future.. get swallowed by the guv, go to jail, or be killed..

All the doings of hypocrites there, here, and everywhere..

 

I guess I should say all the doings of those of us who let the hypocrites of the world do what they do.. and climb aboard the train.. Nothing but ruin in every way, shape, and form at the end of those tracks.. right, eddo?

 

I don't like you anymore....

 

So the market goes up 400.. goes down 400... Bailouts to the tune of 1,000,000,000,000 +... we are kicking ass.. yay us

Bailouts so crooks can stay in business to rob again? Doesn't sound like the best idea to me, but what do I know?

Who was it getting free money today again as a reward for poor business practices? Goldman and some other steaming pile of dung..

 

Bush warns 'entire economy is in danger' - MSNBC Wire Services - MSNBC.com


Really? How odd.. wasn't he claiming sound fundamentals and a strong economy not long ago?

 

I still can't believe that Bush's failed policies have gotten us into this damn housing mess with Freddy and Fannie...

Minorities' Home Ownership Booms Under Clinton but Still Lags Whites' - Los Angeles Times

 

What sucks.. is they're gonna bail em out to continue?

Real smart.. I can see now the chances of me ever buying a house are slim to none.. not in a commie economy.. Prices will never reflect reality.. I hear more and more people trumpeting 50 year mortgages and the like lately.. unreal.. people 30 - 40 years ago woulda laughed in the face of the notion of even borrowing for 30 years.. and prices reflected it.. People now seem to think they have no choice..

All this crap aint Bushes, Clintons, or anyones fault but our own.. That's what we get for expecting someone else to "take care of us"..

 

50 year mortgage . (Relatively) easy credit keeps prices up. A young couple taking one of those out would never get their house paid off.

Of course, people don't grow old in the same house anymore like they used to.

 

That's my point. I'm sick of this whole finger pointing saying that it's the last adminstration. It's all these assholes in Washington who don't care past the next election that put us here. I have no faith that anything they are doing now or will do in the future will do any thing to really help.

It's all a fricking bandaid to pass the blame on the next guy.

 

Seems to be a common theme throughout our whole society these days.. Fukk, I'll take the blame for everything our country has ever done.. lets just fix it and do what's right.. at least start.. Gonna destroy ourselves. Hopefully it aint to late..

 

FT.com / Comment & analysis / Comment - Washington must heed fiscal alarm bell

 

Well.. bailout failed.. Perhaps there are still some true Americans in Washington after all..

I see poor little Wally Street is crying to the tune of 500 - 600 points.. waaaaaaaaa

Nancy Pelosi is a dumbass.


A shut down of the credit market sounds great to me.. I can charge loan shark rates on my savings.. yay me.

 

They should have been able to pass it with only their Democrat majority. House Speaker Pelosi says they got 60% of their party.

The country will go on. The banking institutions in trouble will be taken over by the stronger ones left.

What they need to do is change the banking regulations so that those securities are no longer valued at the value of the worst element. From what I understand, if a package consists of 98% solid mortgages, it's valued at the 2% worst performing mortgages - hence the loss of value on paper.

The American people need to be weaned off of credit. There are times, for major purchases, where it's necessary. But everyday purchases? For instance, you know that the kids need new clothes for school - set aside a certain portion of your paycheck every week/month to pay for them. That portion could be the amount you'd have to pay on your credit card bill if you used credit. You'd even be getting paid interest instead of paying interest.