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+--- Thread: How free market are you? (/showthread.php?tid=7479)
- bassmangrammy - 08-08-2008
The problem with bailing out the GSEs is that the stockholders benefit at the cost of tax payers. There are two options that work: split the 2 GSEs into 18 or 20 different publicly held companies so the $5 trillion is spread out further and lower leverage can be achieved. Or when they go bankrupt (i.e. virtually know common stock value), the government can make them actual government agencies. They dual-handedly make the mortgage market liquid, and it's way too risky to have all of that market making power in the hands of two firms.
- Apoc - 09-17-2008
<!-- m --><a class="postlink" href="http://www.reuters.com/article/bondsNews/idUSN1645915820080917">http://www.reuters.com/article/bondsNew ... 5820080917</a><!-- m -->
U.S. Fed to lend $85 bln to AIG, take 80 pct stake
- Evan - 09-17-2008
and helllooooo socialism!
- Steve85 - 09-17-2008
Evan Wrote:and helllooooo socialism!
So does this mean Obama is no longer running on a "Change" platform?
- Mike - 09-17-2008
Evan Wrote:and helllooooo socialism!
weeeeeee!
- DierwulfBL - 09-17-2008
helicopter Ben Bernanke to the rescue!!!
- BLINGMW - 09-17-2008
man I wish I didn't have any $ in the market.... :?
this video of an automatic shotgun makes me feel better though
<!-- m --><a class="postlink" href="http://www.gameplayer.com.au/gp_documents/Shotgun-Celebration.aspx?Page=6">http://www.gameplayer.com.au/gp_documen ... spx?Page=6</a><!-- m -->
Or, well, really it makes me want to go stock up on guns.
- Evan - 09-17-2008
Steve85 Wrote:"Hey, we're halfway there, might as well finish off the job!"Evan Wrote:and helllooooo socialism!
So does this mean Obama is no longer running on a "Change" platform?
*crowd silence*
"HOPENCHANGE HOPENCHANGE HOPENCHANGE"
*crowd bursts into thunderous applause and women faint"
- BLINGMW - 09-18-2008
fuggit, I'm buying more while everything's so depressed.... it can't go to 0 right? :lol:
- Mike - 09-18-2008
BLINGMW Wrote:fuggit, I'm buying more while everything's so depressed.... it can't go to 0 right? :lol:
that's how i'm feeling. this has been a pretty painful last few weeks.
- Apoc - 09-18-2008
I don't think we've seen the bottom yet, so hold onto your cash. The low point will probably be in ~2 months, where I expect it to be ~9k.
- .RJ - 09-18-2008
Apoc Wrote:I don't think we've seen the bottom yet, so hold onto your cash.
You should spend your cash. You should be helping the economy.
Why do you hate America?
- Apoc - 09-18-2008
I don't hate America, just the troops.
My rollover IRA was worth $13k Nov 1, now it's worth $7.5k. :thumbup:
My 401k: "Personal Rate of Return from 01/01/2008 to 09/17/2008 is -14.0%"
- DierwulfBL - 09-18-2008
dont hold onto cash, unless you like holding onto a fiat currency that will soon see hyperinflation. Buy gold bullion, great hedge against inflation and itll prolly rise in value to boot
- Evan - 09-18-2008
gold is starting its own bubble. of course, that means you just have to sell it before it pops.....
- Ginger - 09-18-2008
Hyper monetary inflation is kind of pushing it. But I guess if you're shooting for a job on Fox networks....
- Sijray21 - 09-18-2008
Apoc Wrote:My 401k: "Personal Rate of Return from 01/01/2008 to 09/17/2008 is -14.0%"
i feel you - mine is -12.3
the only stock of my funds that has actually appreciated in that time frame is my own company stock
- Evan - 09-18-2008
my laziness has paid off. I never bothered to switch my 401k out of money market.
- D_Eclipse9916 - 09-18-2008
Apoc Wrote:http://www.reuters.com/article/bondsNews/idUSN1645915820080917
U.S. Fed to lend $85 bln to AIG, take 80 pct stake
Yes but you hear how their shitting on AIG? A base rate based on England's rate which I beleive is 2-3 percent right now plus an 8.5% punitive rate on top of that for 3 month interest. They are just basically loaning. Who knows, if everyone would stop freaking out.
Then rumors spread about Goldman Sachs and Morgan Stanley. Both companies are going wtf? We are fine, they were not idiots and beleive it would never burst and have plenty of cash on hand for the writedowns. They will come out fine according to them, but of course we dont have their knowledge. However it may be a hint because Morgan Stanley is in talks with Wachovia to merge and Gao Xiqing may be going for more stock, up from his 9% that he gained in december. Who knows, itd be interested to see how this may mean goldman sachs is something to invest in once the markets stabilize.
We have not hit rock bottom but its far from as bad as rumors are starting to circulate. Evan is right, gold is up hardcore and is going to continue, I cant wait till people figure out its more than its worth.
- Ginger - 09-18-2008
D_Eclipse9916 Wrote:They will come out fine according to them, but of course we dont have their knowledge. Ho
This is what private audits are for.