Rolling US Economy Into The Shitbin Thread

joe six-pack

Presumably there is something similar (to the Bradford & Bingley nationalization) there for HBOS should it become impossible for Lloyds TSB to proceed with its rescue. And equally they must be alert to some of the difficulties faced in other parts of the financial system which it would be unhelpful to name publicly.

http://www.thisislondon.co.uk/standard-business/article-23562887-details/Piece+by+piece+is+best+for+now/article.do

http://biz.yahoo.com/ap/081003/wells_fargo_wachovia.html

Huh. Well, okay then!

http://online.wsj.com/article/SB122303190029501925.html

Great. The bank in charge of my mortgage just bought the bank with my checking and savings accounts.

haha me too!!!

But Citigroup may challenge the deal on legal grounds, and is considering increasing its bid for Wachovia.

Weird.

not really

joe six-pack

jill wine-cooler?

lol looks like oreillys portfolios not doing too good

Why do people go on O'Reilly?

"You blame everybody else!"

HA!

i feel like there should be a catch phrase like "you are an overly loud barely human piece of shit" everyone who goes on his show responds with when he starts yelling at them

lol wow @ o'reilly/frank

lol looks like oreillys portfolios not doing too good

where have i heard that before?

when is someone gonna go on O'Reilly and just start aping him when he does his little bullshit dance?

someone who isn't a comedian, thx

can someone loan California $7 billion? k thx bye

Arnie's got some Terminator money still.

http://www.shof.net/drupal/files/pictures/execs/larryellison-hd.jpg

Bailout passes House 263 to 171.

Breaking News 1:27 PM ET: House Approves Bailout on Second Try

dudes dems and reps are going to come back from roshashana w/ten more votes each and pass a nearly identical bill

― \\\\\\\\YES//////// (ice crӕm), Tuesday, September 30, 2008 1:17 PM (3 days ago) Bookmark Suggest Ban Permalink

I'd love to know what the add-ons are.

Fuck that noise. The basic 'bailout' portion of the bill is unchanged. All that happened is it got loaded down with bribery. But bribes don't make it a better bill, just like putting $500 sunglasses on Dick Cheney doesn't make him a movie star.

Congress is going to get a jolt come November.

I'd love to know what the add-ons are.

Cocaine and strippers, from the look of things. Repubs hold US AND A over barrel for pork, details at 11:00.

maybe someone posted this already but you can see the whole bill here
http://banking.senate.gov/public/index.cfm?Fuseaction=Articles.Detail&Article_id=76b1aea4-39b8-404f-b3cd-f8b6c46e3b14&Month=10&Year=2008

its worth mentioning that the add ons arent what got the billed passed - the gop wanted to pass this thing the whole time - they were just trying to trick the dems into doing it themselves so as to run against it

otm

they had ads already bought on the day on the first vote attacking the dems for passing it, ffs

wait, source? i missed that story.

it was upthread here, I thought. fucked if I can see it now. will dig later.

yeah ice cream otm. honestly there is plenty about this bailout package that sucks but its best case scenario to get it passed at this point. I was not looking forward to seeing state and local governments completely collapse, small banks and businesses go under, etc.

dems shouldve just passed their own socialist equity stake demanding package and fuck the gop

yeah that woulda been nice. woulda been vetoed too.

Maybe I'm naive, but it doesn't seem as if this is simply Democrats vs. Republicans. The magnitude and singularity of the bill, in my opinion, temporarily redrew the political landscape. However briefly, it jolted folks awake, which added a certain uncertainty to the process.

no theres no way bush vetos any bailout - real question is if you couldve gotten enough dems on board

xp

I really liked this video that Andrew Sullivan posted about the companies that empty out the abandoned foreclosed homes in southern California:

http://andrewsullivan.theatlantic.com/the_daily_dish/2008/10/memories.html

Yeah, watched that this morning, but the real impact of that clip is the combination of breezy local-news 'in depth' reporting and what the hell they're actually talking about.

I don't buy for a second that they throw everything away once the cameras are off

Totally. They should do a Cribs-like feature on those workers' homes!

o nevermind, it just said crewmembers are encouraged to keep anything they like

ebay 2nd career

nothing tells the california part of this story like the fact that arnold had to budget for cleanup efforts to prevent the stagnant water in hundreds of abandoned homes' swimming pools from becoming massive breeding vats for disease-carrying mosquitoes

when your economic stupidity boils over into a public health issue it's probably safe to say there's more than a few appointees who are comatose at the wheel

its worth mentioning that the add ons arent what got the billed passed - the gop wanted to pass this thing the whole time - they were just trying to trick the dems into doing it themselves so as to run against it
― joe six pak (ice crӕm)

uhh another request for the source

anybody check out the marketbeat summary/transcript of the con call with roubini and ritholtz? barry's calling the s&p at three figures, with a 15-1 PE ratio. and both of them basically saying as long as people keep buying on the day-after of these dow dips, you know we've got further to fall. hilarious.

and wheres the source for this please:
they had ads already bought on the day on the first vote attacking the dems for passing it