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Author Topic: The $700B+ Bailout of Wall St.  (Read 1510 times)
jonzr
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« Reply #10 on: Oct 03, 2008 at 15:36 »

Congress passed it and Bush signed it like 5 secs later.

http://news.yahoo.com/s/ap/financial_meltdown

It just didn't have enough pork the first time around.  MMmmmm bacon.  Undecided
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jonzr
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« Reply #11 on: Oct 06, 2008 at 14:57 »

Quote
Wall Street suffered through another traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points and setting a new record for a one-day point drop as investors despaired that the credit crisis would take a heavy toll around the world. The Dow also fell below 10,000 for the first time since 2004, and all the major indexes fell about 5 percent.


I thought this "bailout" was supposed to make Wall Street happy?  So, is it time to cut open the mattress and by some cheap stocks?

http://biz.yahoo.com/ap/081006/wall_street.html
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bamf16
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« Reply #12 on: Oct 06, 2008 at 17:24 »

Make sure you do some research and don't just buy any old stock that is cheap.  WaMu is going for well under $1 a share, but given their debt, I don't see any shareholder making any $$ off them.

If you do some research, you'll find some stuff.  The best financial advice I ever heard was "Stick to what you know." 

I'm waiting a little longer, then jumping in.
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« Reply #13 on: Oct 08, 2008 at 19:32 »

Well this is working well!  So well that we had to have a world wide rate cut today and that worked well ??  Note to any new politicians in Washington: if W says lets do it DON"T!  Fucking morons.
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