Stocks end worst week mixed after wild session

Stocks end wild session mixed as investors look for bargains after massive losses

Oct 10, 2008

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Posted By: williambanzai7 @ 10/11/2008 12:11:27 AM

Comment: SUBTERRANEAN DOW JONES BLUES
(to Subterranean Homesick Blues, Bob Dylan)
WilliamBanzai7

Johnny's in the basement
Trading on the internet
Out on the pavement
Thinking about the government
The banker in the trench coat
Kicked out, laid off
Says he's got a bad cough
And wants his mortgage paid off
Look out kid
It's that bad trade you did
God knows when
But you're doin' it again
You better duck down the alley way
Lookin' for a new scam
The man in the red cap
With the the big bailout pen
100 Billion dollar bills
You gotta find some new thrills

Mack's got a big position to foot
Morgan's full of CDS soot
Talkin' that Lehman put
All of us on same bus but
The markets tanked anyway
Mack says that many say
We can go bust anyday
Orders in from Ebay
Look out kid
Don't matter what you did
Walk on your winged tip toes
Don't try "No Doz"
Better stay away from those
Carry round a financial fire hose
Hard to keep a clean nose
Watch the men in plain clothes
You don't need a weather map
To know which way your stock goes

Get sick, get well
Hang around a red ink well
Closing bell, hard to tell
If anything their goin' to sell
Try hard, get tarred
Get back, go to jail
Get enjoined, jump bail
Join a hedge fund, if you fail
Look out kid
You're gonna get hit
But losers, cheaters
Crooked subprime CDO dealers
Hang around with 500 dollar Chelsea strippers
Sitting in the toxic asset whirlpool
Lookin' for a new fool
Don't follow market leaders
Watch the Federal debt meter

Ah get burned, keep warm
Shorts dance, lose your pants
Get dressed, sell distressed
Try to be a new success
Please buy, don't sell
Its a steal, need a lift
Twenty years of Wall Street hell
And they put you on the day shift
Look out kid
Try to keep it all hid
Better jump through a loophole
Light yourself a roman candle
Don't get caught wearing greek sandals
Try to avoid the market scandals
Don't wanna be a Wall Street bum
You better chew some new gum
The Fed pump don't work
Cause the vandals stole the handles
Posted By: vstillwell @ 10/10/2008 1:57:49 PM

Comment: All hail the Republican's and their lunatic base. So where's the next clan meeting so I can catch Palin and McCain's new economic plan of the day?
Posted By: jlgab @ 10/08/2008 2:28:58 AM

Comment: Thank goodness for Bush's economic stimulus checks - whew, where would our economy be without those ever 'important' checks that were supposed to revive the economy. Idiot Bush, dumbest ever.
Posted By: Nowforthetruth @ 10/07/2008 5:06:09 PM

Comment: ACORN Vegas Office Raided in Voter Fraud Investigation
ACORN's Las Vegas headquarters has been raided by Nevada authorities looking for evidence of voter fraud.

http://www.comcast.net/articles/news-politics/20081007/Voter.Fraud.Probe/
Posted By: Nowforthetruth @ 10/07/2008 3:42:57 PM

Comment: Time we started to talk about Biden's long standing ties to the credit card industry lobby.

http://redtape.msnbc.com/2008/10/how-credit-card.html
Posted By: Nowforthetruth @ 10/06/2008 12:04:25 PM

Comment: The link below contains a purported list of the top 25 in Congress who got contributions from the folks at Fannie and Freddie. Obama is listed third, after Dodd and Kerry, even though Obama is just a junior Senator. Obama is followed next by Clinton. Barney Frank and Nancy Pelosi are on the list as well.

http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080918

For an interesting article purporting to detail the House Financial Services Committee Chairs long history with Fannie Mae, See http://www.businessandmedia.org/printer/2008/20080924145932.aspx

"House Financial Services Committee Chair promoted GSEs while former 'spouse' was Fannie Mae executive."

Where it the article on Biden's ties to the credit card industry and its lobby?
Posted By: cani77 @ 10/03/2008 5:31:48 PM

Comment: The Bush Depression

In a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.

McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit.Bush created a national debt larger then the first 42 presidents combined
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why isnt obama 25 points ahead
The chairman of McCains campaign recently said that people don't vote on issues they vote on a personality composite. Which means he is trying to sell you personality instead of results.
Let's teach him we are smarter than that .

31 states are voting now, dont wait
Elect Obama Biden 2008

Check out this video of sarah palins interview before you vote

http://www.youtube.com/watch?v=r36Xc0GG4iQ
Posted By: ObamaBidenNOW @ 09/30/2008 5:28:46 PM

Comment: In a few weeks we will make a choice that will decide our future. I follow a economist named bob proctor who has called the top and bottom of every market crash since the 70s correctly. He perfectly predicted the current real estate market meltdown ,and the picture he paints about what will happen in the next couple years Is terrifying. He thinks it will be worse then the great depression. Banks in the US are going under one after the other. Country wide the largest morgage bank in the world Bear Stearns and Lehman brothers , and Merrill Lynch which are 3 out of the top 5 wall street firms. And now Fanny and Freddy which hold 50 percent of the home loans in the United States. The goverment took them over because they are essentially bankrupt. If they didn't the entire financially system would virtually shut down, the stock market would crash And we would suffer beyond what any of us have seen before The future of these companies will fall into the hands of our next president
Bush just like Mcain doesn't understand the economy.

That not just my opinion its his own words. Not only does he not understand how to fix it
He does not understand exactly what is broken. Its no surprise that he doesnt. The people that make up these
securities use complex math models very few people understand.
Bush and mccain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks take risks with all of our future.
Now Phil Graham is the head of mccains economic policy ,and mccain wants to make him the next secretary of the treasury.
No one in this country can afford for that to happen. The last time bush met with his economic advisors was in march. He either didnt realize or didnt care that anything was wrong. Phil Graham had the guts to say we are in a mental recession after he helped create the worst economy in our lifetime.
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as bush has done mccain would be
incredibly worse because things are in much worse shape. The next president will not inherit a surplus like bush did but a tanking economy and a 11,600,000,000,000 deficit. Most of Bush created and it will take decades to pay it back.
If you do what you have always done then you will do get what you have always __________

When it comes to policy bush and mccain are the same 90 percent of the time.
So why are the polls even close then ?

The chairman of mcains campaign recently said that people don't vote on issues

they vote on a personality composite which means. He is trying to sell you personality instead of results.
He believes people will vote against there own self interests.

Lets teach him we are smarter then that .
Hold them accountable now while it will still help
Elect Obama Biden 2008
Posted By: burbank @ 09/30/2008 1:41:55 AM

Comment: Soooo...the government has to be the one to find a way to restore confidence in the markets!? Hardly. The ones who need to restore confidence inthe markets are the ones who got us in this mess in the first place. The speculators and investment bankers that thought they could get even richer by roling the dice in risky business investments. And now because they are at risk of loosing eveything they come crying to the government that they need help their save their sorry butts. Would they come to the rescue, or would the government for that matter rescue us from poor business or investment decisions that caused us to loose our money? In a word...no! They would demand that we repay with intrest (at around 28%), the money that we had borrowed to fuel our get rich quick scheme. And now they want taxpayers to show compassion for their plight? I don't think so. For far to long they called the tune...it is time now for them to pay the fiddler.
Posted By: perrin @ 09/29/2008 6:44:33 PM

Comment: What a Great Country we live in.... Too bad the ones that regulate it aren't secure enough in their jobs to come and vote their minds. We are being asked to believe in them, and they don't even have the courage to believe in themselves...... Our leaders need to understand that this issue cuts deep into the core values we all as Americans hold dear. We value that vote! .... I have news for Congress, I'm a hard working American and I love this Country enough to say no to any amount of money that puts my country in the hands of a few Super rich, greedy, manipulating, law ignoring, foul smelling ( Believe me they stink to the high heavens when they hold their arms in the air on the trading floor) Wall Street Execs. Put them out to graze in the pasture for a while, maybe we could scoop up the cow dung they drop and solve our energy crisis in the bargain. Like I said.... What a Country!... Let the good times roll....
Posted By: okie3 @ 09/29/2008 5:53:05 PM

Comment: I got my money today, could care less about Wall Street.
Posted By: cani77 @ 09/27/2008 12:24:30 AM

Comment: In a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.

McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why are the polls even close then ?

The chairman of McCains campaign recently said that people don't vote on issues they vote on a personality composite. Which means he is trying to sell you personality instead of results.

He believes people will vote against their own interests.

Let's teach him we are smarter than that .

Hold them accountable NOW! while it will still help.

Elect Obama Biden 2008
Posted By: wilder5121 @ 09/19/2008 3:02:40 PM

Comment: The lobbyists working for John W McCain's campaign:

Phil Anderson: AIG
Wayne Berman: AIG, Fannie Mae, Freddie Mac
Charlie Black: Freddie Mac
Judy Black: Merrill Lynch
Kirk Blalock: Fannie Mae
Carlos Bonilla: Freddie Mac
Mark Buse: Freddie Mac
Nicholas Calio: Fannie Mae, Merrill Lynch
Andrew Cantor: Merrill Lynch
Alberto Cardenas: Fannie Mae
James Courter: Merrill Lynch
David Crane: Freddie Mac
Dan Crippen: Merrill Lynch
Arthur Culvahouse: Fannie Mae
Alfonse D'Amato: AIG, Freddie Mac
Melissa Edwards: Freddie Mac
Benjamin Ginsberg: AIG
John Green: AIG, Fannie Mae
Vicki Hart: Lehman Brothers, Merrill Lynch
Richard Hohlt: Fannie Mae
Kate Hull: Fannie Mae
James Hyland: Merrill Lynch, Freddie Mac
Aleix Jarvis: Fannie Mae
Thomas Loeffler: Fannie Mae
Peter Madigan: Fannie Mae, Merrill Lynch
Alison McSlarrow: Fannie Mae
Susan Molinari: Freddie Mac
John Napier: Freddie Mac
Susan Nelson: AIG
James Pitts: AIG
Aquiles Suarez: Fannie Mae
Don Sundquist: Freddie Mac
William Timmons Sr.: Freddie Mac
Vin Weber: Freddie Mac

Republicans pick our bones clean...then expect us to bail them out...because they're SOCIALISTS. On WELFARE.
Posted By: wilder5121 @ 09/19/2008 1:45:11 PM

Comment: Don't let them tell you this economic meltdown is a complicated mess. It's not. Our national financial crisis is readily understood by anyone who has seen greed and hypocrisy. Conservative Republicans always want the government to stay out of business and avoid regulation as long as they are making lots of money. When their greed, however, gets them into a fix, they are the first to cry out for rules and laws and taxpayer money to bail out their businesses. Obviously, Republicans are socialists. The Bush administration has decided to socialize the debt of the big Wall Street Firms. Taxpayers didn't get to enjoy any of the big money profits on the phony financial instruments like derivatives or bundled sub-prime paper, but we get the privilege of paying for their debt and failures.
Posted By: Jack 8590 @ 09/19/2008 1:26:15 PM

Comment: Americans tend to look at government like a household. We have income and expenses. Basically, we operatin on a "cash basis." If we don't have enough income (or cash) to purchase, say, a house we go to the bank and strike up a deal. They give you the cash (for an acceptabel return) and you get to have a house. Simple enough, right?

Well, government works the same way. They have income and expenses. Basically, it operats on a "cash basis." If the government does not have enough income (or cash) to finance, say, a war or a bailout, it goes to "the bank" and strike up a deal. Only there is no bank. They have to borrow the money in the form of bonds. So they issue bonds to pay for the war and the bailout. Who buys the bonds? Some of us citizens do, certainly. But foreign governments buy them also. Right now, China owns most of our debt. If they decide to sell that debt - WATCH OUT.

So, when Republicans tell you they won't raise taxes - that just means they will borrow it. When dems tell you they will lower taxes, that just means they will borrow it. They will get the cash they need from somewhere - hell they even stole it from the Social Security Administration.

We need to elect people we can trust. Those people have to be strong enough to resist the payoffs that await them in Washington DC. Those people have to have impeccable backgrounds because they will surely be raked over the coals trying to get elected. They have to have integrity and character. Hmmmmmm look around you - at work, at home, at the gym, at school.....do you see anyone who is that strong?
Posted By: Jack 8590 @ 09/19/2008 1:10:59 PM

Comment: Every two years we elect a new congress. every 6 years, new senators. each election is an opportunity to send the message we want to send. if we "all" are as upset about this as it appears, we should be electing a bunch of new people this fall. if, when I watch the news on the evening of nov 4, we send the same people back again then all of our talk is for nothing. We have the power to elect congressmen that will put an end to this. we als have the power to take them out. if we all follow along like sheep, we will be led to the slaughter. it's coming, Nation. Just ask Brazil, Russia, India, and China - they are thriving in this global market while we sit around and debate if there even "is" a global market. WAKE UP!
Posted By: melbee1971 @ 09/19/2008 11:55:29 AM

Comment: As a public high school teacher, the current state of our public institutions reflect our values as a society, from my point of view. We are bailing out these failing institutions with taxpayer dollars while the state of our public school system continues to decline. I ask American voters to consider the following comparison of our institutions: private sector financial powerhouses vs. our public school system.

Good teachers are being laid off and class sizes are growing. No child left behind is a law that requires improvements without the promised funding to implement these improvements. And our schools are listed as "failing schools" because of unrealistic goals from unfunded mandates by the federal government. What is left in our public schools is often a stressed out skeleton staff that does not have the ability to properly educate our students.

Meanwhile, corporate lobbyists effectively secured deregulation and what they consider "optimal" conditions for their financial success (deregulation). And a few well-connected people have lined their pockets with enormous amounts of other peoples' money.

This sort of short-term gain at the expense of long-term growth way of thinking has infected our entire way of running our society. Enough is enough.

Unfortunately middle and lower class young people (the MAJORITY) of our future do not have the money or the resources to hire corporate lobbyists. Their teachers and their schools have very limited resources. Where are the organized efforts to actually support the reform and progress to advance our public schools into the 21st century and educate and prepare our future?

In every other developed and developing country we compare our students' progress with, there is a clear and dedicated effort to improve, fund, and prioritize education. In America, we are starving our schools while bailing out reckless fat cats who've thrived on greed. Is this the American Way? Or have we lost our way?

Imagine where we might be in ten years if only a FRACTION of the billions our federal government has spent on the Iraq war and corporate bailouts were actually INVESTED in making our public schools the most advanced in the world. THAT IS INVESTMENT. We will be "paid back" in our MOST IMPORTANT capital resource: Highly Educated American Workers.

Let this be a lesson. Hopefully (as we say in class) we will learn from our mistakes and use our lessons to improve, grow, and succeed - hasn't that been the American Way?
Posted By: Bowles2323 @ 09/19/2008 11:22:25 AM

Comment: Gov manipulation of the markets is in full effect for everyone to see now, as it has been for some time. And if you don't see it, you are blind. We no longer have a capitalist economy anymore, it's over.
Posted By: gvillagran3 @ 09/19/2008 9:58:39 AM

Comment: The politician's and Wall Street boy's idea of " A solid plan" to right the sinking ship is as usual to live the tax payer holding the bill. And while we the Tax payers aquire what amounts now to over a Trillion Dollars in brand new debt with nothing to show for ... as in Cero, Zip, Nada we still hear of tax cuts from our politicians!! Why the disconect? Simple. Because politicians want to keep us artificialy happy by what amounts to trowing some change to the dummies in exchange for re-election. That way we can go to war and have our taxes cut, bail out the world and have our taxes cut, and make mistake after mistake and have our taxes cut. But in the end dear dummies ..... WE PAY and our sons and daughter will pay . Any one feeling better with the latest round of "tax cuts" ? Any one feeling wealthier now??

People this is madness. We just put a Trillion Dollars in a trash can to keep our creditors happy (and lending our politicians money) so that we can continue to buy shovels (on credit of course) to dig ourselves into a deeper financial hole.

While the Chinese, Japanese, Europeans, and in short the entire world use the money they make in our financial markets to expand their infraestructure, improve their competitiveness, open new fields of study and industry trough research and developement, and create wealth for their future generations we in America spend a trillion + in an unecessary war that will give us nothing in return, we obsess with Osama Bin Laden and terror phantoms and trow hundreds of Billions into "defense" , cut taxes for the rich and rise taxes for Corporations, borrow on Social Security jeopardizing the retirement of millions, put our future generations into a deep hole of debt, and in general just trow money away in the most irresponsible way.

I am angry. I am angry at ourselves that continue trough ignorance and apathy to simply ignore the fact that we are electing and re-electing a bunch of no good crooks that will only answer to their own interests, and that of the "elite" few that as they put it , "are too big to fail".

We should remind them that all this mess started because we, Joe taxpayer could not pay for our mortgages. In the end dear people the only one that is really too "Big to fail" , is us the tax payers.... Is about time we send these idiots a clear message of who's the boss..... After all we are just about to "buy" Wall Street .

Our founding fathers, and all the thousands of heroes that died fighting for our freedom most be wandering why have we forgotten the power we the people have to better our lives trough the excersise of free elections and CHANGE what we clearly see as going wrong. Please poeple wake up before we become a Banana Republic.
Posted By: gvillagran3 @ 09/17/2008 11:15:49 AM

Comment: i don't know why no one in the news points out the obvios consecuence of all these tax payers bail outs (900 Billion so far and counting).

1) Because we reward politicians that tell us "I will cut your taxes" by electing them again, and again while never demanding that they cut Govenment expenditures..... We do not have money to pay for the bail outs. The money we see going for the bail outs is in fact IOU's that will be issued from treasury Bonds sold to (who else) foreign Governments, institutions, and individuals.
2) These IOU's that materialised overnight and that were not contemplated in any fiscal budget just a few days ago will in fact put an incredible strain in the 2009 expenditures allowed by a new Congress, and a new President. Or in other words they will be in a straight jacket of red ink.
3) The American deteriorating fiscal situation will put immediate pressure in the value of our currency. Watch the Dollar go down (devalue) against just about every currency in the next few days. As a consumer nation that imports most of what it consumes we can expect inflationary pressures as the Dollar falls. That's why the Fed did not want to rise interest rates at the moment. They do not want to aggravate what they see comming as a consecuence of all these bail outs..... Read high inflation.... Or as I see it Stagflation.

Friends. If it was so easy to "bail out" free Capitalist markets with tax payers money don't you think every country would have do it allready to save themselves from runs Vs. their markets?...... The fact that no one does it should give us pause to reflect . But true t form we Americans just charge ahead into "brave" new worlds.....

I hope the experiment has a happy ending, but I am not optimistic. I 'll never forget the trader that once told me ; "Wall Street is like the jungle. In a market run what you have is the antilope (companies) running trying not to get eaten by the wolves . There will allways be a weak antilope that will die, or maibe more than one that's they way of the jungle........ But to have the strogest antilope (the Fed) tryng to protect all the weak antilopes will only result in the death of the strog antilope, followed by the death of the rest.
We should listen to the call of the jungle ...... After all last I checked antilopes were not extinct., So they most be doing something right.
Posted By: gvillagran3 @ 09/17/2008 9:24:33 AM

Comment: In a capitalist world the financial system is based purely on confidence. Confidence comes from transparency. Sadly America lost the transparency of its operations, and now the confidence of the world's investors.
The un-reported fact is that no one wants to invest in America's financial institutions any more under the present conditions, regulations, and regulatory agancies.
As a result we the taxpayers are the forced no-option-left "investors" of last resort at the tune of so far a combined 900 Billion Dollars and counting. Add to that number the 3 trillion Dollar war of choice in Iraq, the tax cuts with expenditure increases we have seen for the last 8 years, and the looming crisis of our Social Security system and one does not have to be a rocket scientist to understant we are in big trouble.

Today we see the same empty promises of closing the barn after all the horses are gone from politicians. That might work for the respective "bases" of the tired old political parties. But that is no longer the case with the investors of the world. Our lenders are fed up to lend us money so that we can spend it in idiotic wars, or so that we can have midnight deals between politicians and high flying "bright" boys in Wall Street to destroy every regulation that stand in their way to ever increasing greed.

You want a solution to this mess? Here's mine. From this moment on Wall Street should be recognized for what it is. An international trading house, and therefore should be REGULATED BY INTERNATIONAL BODIES. No more American politician and Wall Street CEO "friendships" in the middle of the night. You want to drop regulations? Takeit with the Germans, the Japanese, THE CHINESE, etc. If they are fine with it then drop it..... At least if the #@#@ hits the fan, it will be their tax payers that get to pay for the consecuences not us.
I don't know about you but I am very tired of paying for the Iraq "reconstruction" when they are awash with oil money, and paying for "high fliers" in Wall Street with 9 homes while I strugle to pay for mine.
Posted By: OnlyCureJGK @ 08/05/2008 3:28:02 PM

Comment: The problem is simple corruption needs to be stopped beginning with those who have profited for years from corruption. Please look up this individual ---- Nelson Wilmarth Aldrich ---- he was the father in law of Mr. Rockefeller who's family went on to controll the private banks which became the central bank the FED which is a private institution. This individual Nelson came up with the Income Tax and The Central Bank. Follow the money and you will find the corruption behind the problems in society. For 240.00 the Central Bank the Fed can create 1 million dollars then using the IRS they can bilk the public for 1 Million plus interest. Its easy math to see they have the complete control of the US government and even the world. Money is the root of all evil. Look up the owners of Standard oil it is a circle leading right back to the FED.
Posted By: techresmgt @ 06/30/2008 1:53:39 PM

Comment: The media makes me laugh; this headline would lead one to believe a massive recovery of the Dow and a substantial reduction in oil. The reality is that the Dow is up a mere $34 from Friday's lows, and oil plummeted by a whopping $.064 and has settled at $140/barrel. Now that is change we can believe in.
- Posted By: melbee1971 @ 09/19/2008 4:17:23 PM
  
  Comment: The stockmarket has rallied because of promises by the feds to bail out the failed financial power brokers at the expense of the American taxpayer.
Posted By: Karenn1 @ 06/09/2008 8:46:44 AM

Comment: Red light,yellow light drone training policy of the Republicans.Can do any thing they want. to american. They have.corruption,treason,incompetemt policy,toothless N Y,above the law practices,contitutional rape.So now were outrage .Why ,America is glutton for pushinment,vote for McCain.Israel plans to attack Iran,they seem to run are foreign policy.So who cares,gas is $4.00 a gal.
Posted By: the_shelton @ 06/06/2008 2:56:23 PM

Comment: People, it is time now to do something about this. We have known it was coming for over 35 years and we stood around with our head in the sand, buying 350 horsepower hemi's, Hummers, SUV's to haul around one kid. Well, as Sharon Stone said about China. This is our Karma. You can't avoid the problems forever, you can't pass them on to your kids.

It is here and now. Sorry, but we knew it was coming. Now is the time to go find a bus schedule and see what you can do about getting to work. Now is the time to check on the insulation on your house so your heating bills aren't out the top this winter. Now is the time to car pool and set up van pools at work. Now is the time to schedule your trips to the grocery store so they aren't for one item.

It's time..... in fact it is past time.
Posted By: FREEDOMOFSPEECH2008 @ 05/20/2008 11:27:20 PM

Comment: comment: PRESIDENT BUSH HAS THE POWER TO GO TO WAR AND TO PROPOSE TO CONGRESS BILLIONS OF DOLLARS TO REBUILD IRAQ BUT HIS POWER WAS GIVEN BY THE PEOPLE OF THE UNITED STATES AND HE HAS FORGOTTEN THIS COUNTRY HE HAS LED THE AMERICAN CITIZENS TO FACE LOOSING THE AMERICAN DREAM OF OWNING A HOME ALL THE WHILE BUILDING HOMES AND HELPING IRAQ REBUILD AT THE EXPENSE OF TAXPAYERS HE DOES NOT SEE THE HARD WORKING MAN PAYING $4 A GALLON ON GAS MAKING $10 AN HOUR JUST BARELY MAKING ENDS MEET AN ISSUE THAT CONCERNS HIM ALL HE SEES IS HOW MUCH MORE HE CAN EXTEND ON AID TO EVERY SINGLE COUNTRY THAT FACES STRIFE BUT NOT THE UNITED STATES OF AMERICA HE HAS COMPLETELY FORGOTTEN AMERICA
Posted By: SPORTLOCK09 @ 05/12/2008 7:36:06 PM

Comment: By my calculations, gas will be near $7 a gal by this time next year. Isnt it nice to see a barrell jump $35 a barrell in 2 weeks and drop $1.70 lol almost comical if it didnt hurt my wallet so bad. Our politicians are laughing their asses off at us.
Posted By: UndrMediKated @ 05/12/2008 9:29:50 AM

Comment: How many people are/were driving fancy cars and living the player lifesyles?
I've seen it in my own family. People tend to live beyond thier means. They could be saving for the future but choose to believe Uncle Sam will take care of them. It's like the housing crisis. The irresponsible get bailed out by Socialist Democrats and we wonder why people act like they do?
Posted By: C. MacLean @ 03/24/2008 2:40:52 PM

Comment: So the stock market is doing better? Big deal.

For working class people, it won't mean much if high rates of foreclosures continue and gas goes to $4.00/gallon - and beyond. For people who live on a fixed income it will be even worse as prices for food, gas, and medicines continue to rise.

And for older baby boomers counting on the equity in their homes to retire on, sagging home prices are not good news at all.

Wall Street will ultimately survive, but Main Street is where most of us live.

Bush, Clinton, McCain, Obama:

ITS THE ECONOMY, STUPID!!!!
Posted By: Cathexis @ 01/18/2008 1:26:03 PM

Comment: The GOP really waqs the party of fiscal responsibility, once.

But they've lost all claim to that title and have gone a complete 180 degrees, worshipping the "tax cut" without seeming to have the underlying Economics to tell themj when/how.
Posted By: Cathexis @ 01/18/2008 1:24:11 PM

Comment: Business people and even Corporatists are not stupid. They see the US economy has been led off a cliff.

And when all Bush has in his tool box is a "tax-cut hammer," every problem looks like a nail.

Sadly, he doesn't even have a tax-cut hammer. he has a tax-DEFERMENT hammer. the GOP, in general, seems to have forgotten that "cuts in taxes/revenue accompanied by increases in spending" are not true tax cuts -- the bills still have to be paid. By someone. At sometime. All they have done is put off payment and slapped each other on the back, much like a guy who skips another credit card payment and has a night out on the town to celebrate the money he saved.
Posted By: carnabylane @ 01/09/2008 12:44:45 PM

Comment: How can anyone be positive about investing in the stock market when George Bush is in the Middle East saber rattling again. He is by far the biggest threat to world peace and everyonme except Americans know it.

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Posted By: SPORTLOCK09 @ 05/12/2008 7:36:06 PM

Posted By: UndrMediKated @ 05/12/2008 9:29:50 AM

Posted By: C. MacLean @ 03/24/2008 2:40:52 PM

Posted By: Cathexis @ 01/18/2008 1:26:03 PM

Posted By: Cathexis @ 01/18/2008 1:24:11 PM

Posted By: carnabylane @ 01/09/2008 12:44:45 PM

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