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Yesterday's Freddie/Fannie party on Wall Street had a short shelf life.....

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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 12:50 PM
Original message
Yesterday's Freddie/Fannie party on Wall Street had a short shelf life.....
Market Overview »

Dow 11,375.01 -135.73
Nasdaq 2,238.35 -31.41
S&P 500 1,243.49 -24.30


www.marketwatch.com


:party: :hurts:

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The_Casual_Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 12:56 PM
Response to Original message
1. That takeover used monopoly money. Who is going to bail out
the federal government?
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Whoa_Nelly Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 01:00 PM
Response to Reply #1
3. Not a bail out
And as for the US, we are now owned by other nations

Read this for the best insight yet re: Fannie/Freddie
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=3948057
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Whoa_Nelly Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 01:00 PM
Response to Reply #1
4. Not a bail out
And as for the US, we are now owned by other nations

Read this for the best insight yet re: Fannie/Freddie
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=3948057
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shaniqua6392 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 12:56 PM
Response to Original message
2. They are putting band aids on the gushing wounds
that Bush has put in America by crushing the Middle Class. They just have not caught on to the fact that we are the ones who built this country and we are the ones who sustain it.
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zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 01:04 PM
Response to Original message
5. Yesterday's boost creates
today's profit-takers ...
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 01:16 PM
Response to Original message
6. More than a "bail out", it is a transfer of economic sovereignty to the
people that rule the world. The owners of the central banks.

Now that they have successfully transferred the losses to the taxpayers, we have the double whammy of both artificially inflated housing costs and surrender of national economic policy to the banks, which will soon (after the elections) begin to dictate the selling off of national assets and infrastructure to their agents.

Please look at what was done to South America in the 70s and 80s, this was their laboratory where the system was developed. Expect more inflation and further suppression of wages and declines in standards. Next comes the "profit maximization" for the essentials of life (i.e. making it illegal to collect rainwater), and legal requirements to participate in these "private ventures".





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galileoreloaded Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 01:40 PM
Response to Reply #6
7. already illegal in most states...n/t "surface water and recharge rights"
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 02:09 PM
Response to Reply #7
8. The whole purpose of this is to force the enacting of laws to propagate the system.
Just like we have seen time and again, the "sovereign" states are coerced into enacting legislation or have federal $$ withheld. This was done for the auto insurance industry, speed limits, drinking age, etc.





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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 02:10 PM
Response to Reply #7
9. Dupe, damn server reset.
Edited on Tue Sep-09-08 02:10 PM by greyhound1966
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-08 03:15 PM
Response to Original message
10. -280. now.
papering over the problem does not make it go away.

more of the governments attempts at clapping harder.
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