Does The Market Decline Today Smack Of Blackmail.....

[global1]

I guess if I was a congressman I would look at Wall Street's reaction to this as a form of blackmail. You won't vote to bail us out - we'll show you and WS brings down the market precipitously.

Is the market reaction today - blackmail or is it genuine concern? or is it just another way that some crafty people can make a whole lot of money on a down market? or are they going to now buy some of these stocks that dipped today back and make in on the upswing?

How do we as non-financial wizards sit back here and evaluate what is really going on and determine what our next move will be?

I can see this cause people to go to their banks and begin a run. If these people - the people we elect and the people we pay to take care of us and our money cannot get it together - why continue to let them play with our money.

What is the average American thinking right now.

[Pale Blue Dot]

1. No. It's too late for blackmail.

This is real.

[David Dunham]

3. The bailout opponents were really dumb

[originalpckelly]

2. You suppose there is nothing wrong...

and there is a lot wrong.

When the masters are hungry, the slaves are dead.

[gcomeau]

4. It is not blackmail.

Do you know what it would take to knock 700 points off the DOW industrial in one afternoon through some kind of artificial manipulation? Who the heck do you think could pull that off anyway? We're not talking about speculators manipulating one company or commodity here, it took hundreds of billions of dollars in tens of millions of transactions to generate this much movement. This is a real reaction to the failure of the bailout package and anyone who thinks otherwise is out of their minds.

[avaistheone1]

5. The stock market is not rational. It operates on fear and greed.

[undergroundpanther]

6. It's blackmail

Remember there is an FBI investigation going on with certain people in certain positions in the economy and the bailout was to cover their asses I think.
Now they are not getting what they want,it's less of a blackmail more like they are having a temper tantrum.After all they got their widdle overblown egos hurt.

[gcomeau]

8. Sure it is.

There's some organized group out there with a trillion dollar secret bank account that decided they were going to flex their muscles and manipulate the ENTIRE DOW INDUSTRIAL AVERAGE to such degree that it saw one of it's largest single day drops in the history of the stock market, so they could then blackmail money out of Congress.

Was it the Illuminati by any chance?

Freemasons maybe?

Mole people?

Get a grip. The bailout failed and investors everywhere ran for it.

[undergroundpanther]

11. funny how the threats were made

the bailout not happen and now it's crash.Coikidink? It's all random Yeah everything is just an isolated event disconnected from everything else.
YOU get a grip.

And I dunno whom is causing it, it could just be a massive temper tantrum of the top 1 percent who own like 80% of everything...

[gcomeau]

15. Coincidence???

What planet do you live on? No, it is not a coincidence that the markets plummeted as soon as the bailout plan failed. And no, the fact that it is not a coincidence doesn't mean it's some kind of shadowy conspiracy by some fictional group of people who have the financial clout and the motivation to tank the entire DOW industrial average (not to mention the NASDAQ) in an afternoon.

Do you know what the magnitude of the operation you are suggesting occurred would be? Do you have the vaguest little clue? We're talking about over two BILLION individual trades today on the DOW industrials alone. Who the hell do you think is magically manipulating them to such overwhelming degree that 94% of the DOW industrial composites lost value at the same time?

[izzie]

7. I hope this was not some type of deal Bush did.

Those two in the WH do so much in the dark one always wonders. Course we will never know as they are going to walk out with all the paper work for the last 8 years.

[Blaze Diem]

10. Wondering if their foreign bank accts , packed full of the looted

& missing war funds, will suffer any. Banks world wide are tied to this also.

Or is it the final mission to completely bankrupt America, making it even more vulnerable to their takeover.

Which foreign country has the money necessary to buy up this country?

We are more vulnerable after 8 yrs of Bush than ever before.

[TexasObserver]

9. No, this is real. And I'm a conspiracy guy with three oak leaf clusters.

[Ah Xoc Kin]

12. if they're stupid enough to drive their stock down

then let them
who cares

[undergroundpanther]

14. Let the tapeworms die

Let them poison themselves.

[Ah Xoc Kin]

13. repost

repost

[Nickster]

16. That's how the game has been played. I just keep thinking of Shock Doctrine and all the examples

that she brought out in that book, if the government didn't do what the businesses wanted, they would get punished by the stock markets until the government complied.

[Karenina]

18. Bingo!

[dkofos]

17. It's all part of the plan. Look for a couple bank failures tomorrow also.

Just for added effect

[leftofthedial]

19. this entire country has been nothing more than an enormous extortion racket

ever since WWII.

this is what Eisenhower warned against.

we've had a shadow power structure that now completely dominates the facade "government" we continue to pretend is elected to work for us.

They wanted another trillion bucks pronto. Now they're in a snit, so thing will get bad for a while. The destruction of working people's savings was an inevitability anyway, whether through a falling market (no bail-out) or through devaluation of the dollar and hyper-inflation (bail-out and continued "free-market" rule).