Cost of bailout: 700 Billion, Estimated Losses on Wall Street Today: 1.2 Trillion......

[RollWithIt]

When upside down is rightside up and shooting yourself in the foot is more important than feeding yourself.

Welcome to the 21st Century America... enjoy the ride!

[kimmerspixelated]

1. Trouble is...

No one knows what to believe anymore! They want their money, so someone on Wall Street shrieks of a huge amount of loss, but of course they would! They will say and do anything for their greed!

WHo is telling the truth?

How the fuck will we ever know???!!!

[msallied]

2. We'll know when the shit starts rolling downhill. And believe me, it does.

[Kurt_and_Hunter]

3. Equity devaluation is taken out of M3, right?

[RollWithIt]

6. Here

http://www.unlawflcombatnt.proboards84.com/index.cgi?board=globalization&action=print&thread=2508

[Uben]

4. That's 1.2 trillion that will not get taxed

That's about 240 billion less revenue for the government. Taxes will be raised, and you will be paying more, anyway. Tack onto that the loss of revenue from those who lose jobs, businesses that fail, and write-offs, and you are going to be paying more than what this bail-out would have cost. There are no winners. We all lose.

[RollWithIt]

5. Sigh, why don't people understand this..... ok let me try to explain this simply

Papa Joe has a 401k account and a money market fund. Lets say at the beginning of the year he has $200,000 saved.

In two weeks he loses 20% of his value. So now he only has $160,000. Except he leveraged himself to have $200,000. Now he has to cut something. Lets say for example, he cuts out his kids college. After all, she can borrow it later right? So instead of paying $3,000 in taxes down the line, she gets to pay $40,000.00 with interest later. Still sound like a good trade?

[Kurt_and_Hunter]

10. We will lose more than 700B this week and these morans just cannot get it

I cannot believe how many people here think we are on the f**king gold standard or something.

Some idiot just posted a thread about how today's losses are only "paper losses."

[Window]

7. Dear Lord! This is some mess.

[FrenchieCat]

8. And all we get is reporting on a debate that won't be taking place

for another 4 days. This shit is crazy! :crazy:

[SnoopDog]

9. The market can and does go up and down. It isn't like this is gone forever...

[frickaline]

11. true, but it isnt over yet

if later this week a different bailout package reaches agreement, you might see a lot of this damage reverse.

[grantcart]

15. take another 1000 points off the Dow and it will pass as is.

[phrigndumass]

12. Think of it in retirement years ... one or two more years have been added

to our working lives to be able to afford to live in retirement at the same level we would have if the Dow didn't tank like it has in the past week. And that's just for the folks who have 401k's.

[whosinpower]

13. We are witnessing history

But if the 1.2 trillion was overinflated - the value was not really there in the first place.

Sorry to all those who will have no jobs tomorrow. I believe the market meltdown would of happened sooner or later - the bailout would of just postponed the tidal wave that is just now beginning to breech.

Going to be honest now - while on the one hand I never want to see anyone in hardship, or lose thier job over something they have no control over - on the other hand, I am rather gleeful that the Reagonomic GOP principles have proven utter total complete failure - and I lose no sleep over that - but am hopeful that this important juncture in American history will prove just how creative, resiliant, hopeful, and determined the american people and its leaders are.

It will take generations before the republicans will ever be able to hold power again. Generations. And this is an opportunity to do things right given what is at stake. This is an opportunity to condemn elective wars, grow a robust middle class and redefine what is trully important to the lives of Americans. I am hopeful for a better future, and feel badly for the millions of innocent folk caught up.....but, as a country, the writing has been on the wall for some time.

[Kurt_and_Hunter]

14. You are a sociopath.

[whosinpower]

17. not really

the sociopaths were the ones who figured that the freemarket ideal and deregulating everything was the best for the country. Hats off to them - their greed broke the house.

Change is coming. And this is a historic opportunity that WOULD NEVER OF EVEN BEEN TALKED ABOUT - had the meltdown not happened. I am sorry it had to come to this, but not surprised.

[Just Visiting]

16. True cost of bailout

3-4 Trillion - actual real money. Do your research on the "toxic" debt - 700B won't even touch it, and it is growing daily.

Ramifications: De-valued U.S. currency, hyper-inflation, switch to Euro, dollar basically worthless.

You can scream all you want about what is happening today, but if you fail to see what the giveaway will bring than the old adage be careful what you wish for will be realized far too late.

P.S. You realize, of course, that the phrase "feeding yourself" will be much more difficult when it costs 20 worthless dollars to buy a loaf of bread, and the same fools you gave your money to have parked their profits in hard-currency countries and have tied it up in hard tangible assets.

If you ask nice, they may give you some bread to eat - but I doubt it.

Reciprocity is not their forte.