8k dow was near term bottom

[tiznow]

rapture biatches

my bad...

:cripwalk:

 

[Dilrod]

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They're gonna kill us all.

 

[Dilrod]

 

[nimue77]

To allow anyone with a bad credit history and ask for absolutely NO INCOME or BANK STATEMENTS and give them 100% financing on $650,000.00 is ok?

I see no problem with it. The problem is not letting those doing the financing take the hit if the borrower cannot pay and not forcing people to do due diligence when investing. Would you loan a lot of money to someone whom you have no idea what kind of money they have or make? No. The reason it happens is government regulations.

 

[cincy_]

I see no problem with it. The problem is not letting those doing the financing take the hit if the borrower cannot pay

BINGO!!!!!!!!!!!!!!!!

Anyways, I used to think 8,000 was the bottom ... but now I think it's closer to 7,000 than it is 8,000.

 

[tiznow]

get your rally caps on

US to take stake in banks, first since Depression
Friday October 10, 7:36 pm ET
By Jeannine Aversa, AP Economics Writer
US will take stake in private banks, first time since Depression; word follows new market jolt

WASHINGTON (AP) -- The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around the world despite all efforts to slow the selling stampede.

 

[eek.]

nationalisation...

which should have been done to start with.


except eek would let the OLD privately owned system fall and the new government bank run lending for a year or two.

Don't mix that capitalist muck in with our new squeaky clean socialist banks.

I mean, how fucking hard is it to loan money to people?? eh??

 

[Redneckman]

yea i can't wait to see how low it gets.

So liberal wackjobs root against a strong economy? Would have never thought that to be the case. :drink:

 

[eek.]

Goldman sachs and the rest of 'em can still play with their derivative instruments at places like Bodog and Betfair.

I have nothing against folk who risk all of their OWN munney.

Got an issue with people who risk all of someone elses munney tho.