Octobr 6, 2008 Stock selloff spreads U.S. stocks opened lower after the deepening financial crisis in Europe sent stocks plunging in overseas markets. The Dow shed more than 250 points immediately after the opening bell. That follows a broad stock sell-off around the world today, CNNMoney reports. The White House said it was working to alleviate the international crisis
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“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
Dow plummets more than 300 points, falling below 10,000 for the first time in nearly 4 years, as anxiety over global slowdown grows.
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“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
Markets » Updated: 10:40 am ET, October 06 -480.83(-4.66%)Dow 9,844.55-117.08(-6.01%)Nasdaq 1,830.31-62.57(-5.69%)S&P 1,036.66
Good Going Bush, McCain, Obama !! Great Bailout Plan !!!
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“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
Sure glad Bush spemnt so much time on that IMBRA law; protecting mail order brides was certainly a priority !!!
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“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
More money was lost on the stock market today than the $700 Billion the governmentpaid for the bailout. Essentially, that $700 Billion has just evaporated, but our taxes will have to go up to pay for it. Good going GWB, Borack Obama and John McCain. Great plan. Next time, listen to Ron Paul !!!
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“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
Pretty much all of them. Think of it this way. If they all die the money won't be worth the paper its printed on. Fannie is trading at just over 1.00. Was 68.00 within the last year. Wachovia is at 6.00. Was 52.00. Wamu, 16 cents, was 36.00. If these stocks are worth a dime they are worth at least 10.00 a share. All it takes is a little faith to come back into play and they will all jump. Its inevitable. Either we will go bankrupt as a nation or it will turn around.
You voted democrat. This country is not worth sneaking into any more.
Posts: 6114 | Location: San Antonio TX | Registered: 06-08-2007
See? If they had given the $$$$ to the Middle Class, Soon Enough new banks would Arise from the Greed and Loss, With new Ideas and Old bank Methods of actually Making the Customer first, a Time when competition for Customers, Investors put People First! . So It Starts Over? 15 - 25 Years of Past When The People were Actual Important!!!
With The failure comes Time/Fate to CLEAN HOUSE!!! Get Rid of Some of the Leaches on This Country within our own Government and Its Many Blood ****ing Entities!
Immigration Issues??? Create a Voting Site On WWW. Where only Citizens can Vote on Each Individual immigrant Situation???? Is Big Enough! .
Current technology can Distinguish.
Eliminate the very high numbers of outsourcing! Invest in USA, New Power, Solar, geothermal, Recycling, Everything USA!
Not only did Bush-McCain-Obama just make us lose a trillion dollars on a bailout, we just lost another trillion dollars on the stock market. A trillion here and a trillion there and soon you are talking big money.
Have we gone insane? We NEED to appoint Ron Paul libertarian dictator (a contradiction if there ever was one!) to take away power from these people.
We are talking the END of the United States. A collapse just like the Soviet Union or of ther German Republic. We are heading into an Obamanazi state very soon. This is remarkable. What is to be done here. I don't know. McCain can't win. Ron Paul has been exiled. What is left? The extermination chambers for white people? This is the end of America my friends. the end.
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“You could not endure the shame; you resisted; you gave the great, eternally vital sign of change, sacrificing your glowing lives for freedom, justice, and honor.”
Stock futures up as Fed announces bold credit move to buy up commercial paper.
Last Updated: October 7, 2008: 9:17 AM ET
NEW YORK (CNNMoney.com) -- Stocks were poised to open higher Tuesday as the Federal Reserve announced a bold plan to bolster the credit market.
Nasdaq and S&P futures rose about half an hour before the open - meaning that stocks would probably rise in early trading - after the Fed announced an unusual maneuver to ease the credit crisis.The Federal Reserve and Treasury Department said they would buy commercial paper, short-term financing that companies use to fund day-to-day operations, from individual companies.
This would, in essence, put the Fed in a position of funding companies in order to keep the economy running. In the current credit crisis, companies are having a difficult time getting funds to operate.
The markets: European stocks rallied at midday. Pacific stocks were mixed, with Tokyo's Nikkei index down 3%, while an Australian central bank rate cut pushed stocks higher in Sydney and throughout Asia.
Investors are hoping to do better than Monday, when concerns about the ongoing credit crisis caused a selloff around the world. In the United States, the Dow Jones industrial average closed below 10,000 for the first time in nearly 4 years, down nearly 370 points - after being as much as 800 points lower earlier in the day.
AIG in the spotlight: At 10 a.m. ET, the House Committee on Oversight and Government Reform will hold a hearing on AIG (AIG, Fortune 500), the insurance giant that the government bailed out with an $85 billion credit line. On Oct. 3, AIG said it had already used $61 billion worth of the loan and was selling off parts of its business to help pay it off.
This will be the second of several House hearings to examine what went wrong with the economy. The first, on Monday, grilled Richard Fuld, chief executive of the bankrupt bank Lehman Brothers, over why his company failed.
On Oct. 16, the House will hold a hearing on the regulation of hedge funds. An Oct. 22 session will focus on the breakdown of credit rating agencies, and a hearing on Oct. 23 will scrutinize the role of federal regulators.
Companies: Bank of America (BAC, Fortune 500) on Monday reported a 68% plunge in third-quarter profit, chopped its dividend in half and announced plans to sell off $10 billion worth of stock.
In other company news, the battle over the Wachovia (WB, Fortune 500) takeover took a break, as the prospective buyers Wells Fargo (WFC, Fortune 500) and Citigroup (C, Fortune 500) decided late Monday to halt litigation until Wednesday.
The economy: At 2 p.m. ET, the Federal Open Market Committee will release the minutes from its Sept. 16 meeting, which could provide insight into why the target for the federal funds rate was kept at 2%.
At 3 p.m., the Federal Reserve will release its report on consumer credit for August. A consensus of economists interviewed by Briefing.com project a $5 billion rise in consumer debt, primarily credit cards and auto loans, from a $4.6 billion rise in July.
Currency and oil: The dollar slipped versus the euro and the British pound, but rose against the yen. Oil bounced off an eight-month low to jump $2.70 a barrel to $90.51.
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. So It Starts Over? 15 - 25 Years of Past When The People were Actual Important!!!