Altair: Where Does It End? (4 Viewers)

[Bjerknes]

Food for thought, since it was illegal to short for individuals who was shorting the market today?

why the banks of course!! it's all a well rehearsed comedy

I thought shorting was illegal for institutions too? Jesus, if not, that's just fucking stupid.

 

Buy on AliExpress.com

[Enron]

dont know if you ve ever been to illinois but it's called land of lincoln

Lincoln freed the slaves.

 

[C4ISR]

On the bright side, the outcome of this vote shows that congress appreciate the value of their voters more than the campaign donations they get from various financial institutions. Also, this is a great time to invest.

Yes the American ppl hold some responsibility since they couldn't pay their mortgages, but the banks re-packaged those debts and sold them to others, which made things alot worse. These executives knew exactly what they were doing and were deceiving alot of ppl. They knew this disaster was coming at least 2 years ago and did nothing to weaken the impact. Y should American tax money bail these idiots out? Tough it out and let the market sort itself. It will be painful at 1st, but in the long run the U.S will be better off. The bailout wasn't guaranteed to work anyways.

It will be interesting to c how this trickles down to Canada, considering were each others biggest trading partners. The TSX took a massive hit today.

 

[.zero]

Lincoln freed the slaves.

is that so?

 

[Bjerknes]

It's a shame that every single politician who I've seen come out to speak today always had to dig into useless squabble politics. Really, there was a Republican who spoke on CNBC who stated he couldn't vote for the bill because he didn't want to place any debt on his daughter. Well big deal. Pass the deal or not, we already have ridiculous debt in the United States, but today we just lost a trillion dollars worth of money in pension funds, IRA's, et cetera. Either way, we lose.

So politicians need to grow up, cut out the useless squabbling, stop making decisions based on November elections, and work out a feasible deal to stabilize the economy.

But unfortunately, due to the beloved Jewish holiday during the next few days, a new vote on the bailout plan will not be taken until Thursday. What happens between now and then is anybody's guess. Just watch out for more failures because they're coming.

 

[Bjerknes]

On the bright side, the outcome of this vote shows that congress appreciate the value of their voters more than the campaign donations they get from various financial institutions. Also, this is a great time to invest.

Yes the American ppl hold some responsibility since they couldn't pay their mortgages, but the banks re-packaged those debts and sold them to others, which made things alot worse. These executives knew exactly what they were doing and were deceiving alot of ppl. They knew this disaster was coming at least 2 years ago and did nothing to weaken the impact. Y should American tax money bail these idiots out? Tough it out and let the market sort itself. It will be painful at 1st, but in the long run the U.S will be better off. The bailout wasn't guaranteed to work anyways.

It will be interesting to c how this trickles down to Canada, considering were each others biggest trading partners. The TSX took a massive hit today.

But the problem is, those executive mistakes trickle down to the common population in more ways than one. If a bailout plan is thrown out the window for good, more banks will fail and more companies will go down the tube. I mean, people have pension money in these stocks...

 

[.zero]

its the heeb's banks that are crashing and burning so if they want to stop down for a lil holiday action who are we to argue?

 

[Bjerknes]

You guys want to see something funny?



September 8, 2008 - Alan H. Fishman named CEO of Washington Mutual. Gets $7.5 million signing bonus.

September 8-24, 2008 - Federal Reserve increases pressure for WaMu to sell itself, eventually going behind the back of WaMu management to broker a deal. Fishman gets on a plane to Seattle, not knowing that when he landed he would no longer be CEO.

September 25, 2008 - Fishman now eligible for $11.6 million severance package.



http://biz.yahoo.com/ap/080926/wamu_ceo_pay.html?.&.pf=banking-budgeting

 

[.zero]

motherfucker

 

[GordoDeCentral]

it makes you miss mao's reeducation through labor

 

[Martin]

You guys want to see something funny?



September 8, 2008 - Alan H. Fishman named CEO of Washington Mutual. Gets $7.5 million signing bonus.

September 8-24, 2008 - Federal Reserve increases pressure for WaMu to sell itself, eventually going behind the back of WaMu management to broker a deal. Fishman gets on a plane to Seattle, not knowing that when he landed he would no longer be CEO.

September 25, 2008 - Fishman now eligible for $11.6 million severance package.



http://biz.yahoo.com/ap/080926/wamu_ceo_pay.html?.&.pf=banking-budgeting

What a great gig. Get headhunted and subsequently persuaded to head the company through various "incentives". Work for a year, send the business down the toilet. Get paid big.

 

[Martin]

But the problem is, those executive mistakes trickle down to the common population in more ways than one. If a bailout plan is thrown out the window for good, more banks will fail and more companies will go down the tube. I mean, people have pension money in these stocks...

So now you're saying these companies can't fail, or people will lose their pension money. What idiot came up with this idea?

Depending on the stock market, what a f genius.

 

[Bozi]

Lincoln freed the slaves.

is that so?

yup he smuggled slave girls to the north in his tall hat where they went to work picking foodstuff out o his beard for a reasonable pay

You guys want to see something funny?



September 8, 2008 - Alan H. Fishman named CEO of Washington Mutual. Gets $7.5 million signing bonus.

September 8-24, 2008 - Federal Reserve increases pressure for WaMu to sell itself, eventually going behind the back of WaMu management to broker a deal. Fishman gets on a plane to Seattle, not knowing that when he landed he would no longer be CEO.

September 25, 2008 - Fishman now eligible for $11.6 million severance package.



http://biz.yahoo.com/ap/080926/wamu_ceo_pay.html?.&.pf=banking-budgeting

headhunted,paid a massive bonus to sign.......does next to nothing and receives a massive pay-off? wait a minute i have heard this before, isn't it call the andrade-factor?

 

[Enron]

Oh no! Sonic Burger could be going down. Never fear. John McCain just vowed to save them.

 

[.zero]

 

[Bjerknes]

So are Republicans for or against Regulation? Some voted for the bailout bill, others didn't. The Republican party put out an ad on TV saying they're against the bill, but then McCain's people put out an ad saying McCain is for the bill and Obama has said nothing in regard to it (a total fallacy). Several times in the past, and I mean several, McCain has stated he's against more regulation on Wall Street, just like Romney and the rest of them.

So what the fuck do Republicans stand for again? They foot tap in stalls, have gay and pregnant daughters at the age of 17, wish wash on this bailout bill... I mean seriously, I have never seen a more hypocritical group of people in my life.

 

[.zero]

the dems are just as hypocritical andrew. don't get it twisted

 

[Bjerknes]

So now you're saying these companies can't fail, or people will lose their pension money. What idiot came up with this idea?

Depending on the stock market, what a f genius.

But these banks were never supposed to fail assuming they did their jobs. Banks failing? How could that be? That was the whole selling point for these cunts. But no, these fuckers put mortgages with different risks in different tranches and sold them to counter-parties while knowing it would all blow up in their faces. Then they started trading credit default swaps, which is basically trading around default risk.

How are common people going to understand this without a finance degree? And even if they have a finance degree, how are they supposed to retrieve information on the trading practices of these banks? It's impossible. These individuals trusted their companies and their brokers and their banks to take care of their money. But no, that didn't happen. Instead they were sold faulty products.

While the people who tried to "live beyond their means" with their sub-prime status are assholes, the people who have pension funds in bank securities who are not at fault for this disaster suffer. I'd love to see these bank managers and mortgage retailers hanged at the stake for this, with all their assets and capital passed to the common people who suffered in holding various positions in their "sure bet fund." But that won't happen because the douchebags cannot be liable unless they did something illegal. CDS' and CDO's are legal.

headhunted,paid a massive bonus to sign.......does next to nothing and receives a massive pay-off? wait a minute i have heard this before, isn't it call the andrade-factor?

I would never compare this situation to Andrade's. Our player was injured; it wasn't his fault.

 

[Bjerknes]

the dems are just as hypocritical andrew. don't get it twisted

Oh yeah? Give me some examples... I'd love to hear them.

By the way you a definitely a closet Repub.

 

[.zero]

Oh yeah? Give me some examples... I'd love to hear them.

By the way you a definitely a closet Repub.

i don't have any cuz i don't keep up with any of this shit. you may think i'm a closet republican but i'm honestly neither dem or rep.

i'm whats best for me. overall i'm more liberal than anything else but its all bullshit to classify people politically in this country into 1 of 2 groups. its complete nonsense.