Aces High Bulletin Board

General Forums => The O' Club => Topic started by: Hangtime on September 15, 2008, 08:26:54 AM

Title: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Hangtime on September 15, 2008, 08:26:54 AM
... and the NYSE ain't even open yet. Looks like a 'historic' day ahead on the Street. The major 'business banks' are staggered.. the Fed declines to bail Lehman, Merrill went to BofA at a firesale price and AIG is seeking cash. I believe AIG is the insurance industry's largest bank.. and the bill for Ike ain't on the table yet.

If yer in lower Manhattan today, make sure the roof of yer car is stressed for falling brokers.

Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Nilsen on September 15, 2008, 08:32:02 AM
Oslo Stock Exchange is down over 7% today. Oil has fallen to below 96$.

So all in all a good and a bad day.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Hangtime on September 15, 2008, 08:46:33 AM
15 minutes in.. 300 points down. volume thru the roof.
free-fallin!
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: CAP1 on September 15, 2008, 08:49:39 AM
Oslo Stock Exchange is down over 7% today. Oil has fallen to below 96$.

So all in all a good and a bad day.


AND HOW MUCH WAS GAS LAST TIME OIL WAS LESS TRHAN 100?
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Nilsen on September 15, 2008, 08:58:03 AM

AND HOW MUCH WAS GAS LAST TIME OIL WAS LESS TRHAN 100?

huh?  :huh
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Elfie on September 15, 2008, 09:56:44 AM
Some more info on this whole mess.

http://news.yahoo.com/s/ap/20080915/ap_on_bi_st_ma_re/wall_street
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: MrRiplEy[H] on September 15, 2008, 09:59:48 AM
huh?  :huh

I guess he means that gas prices are not dropping with lowering oil prices but keep rising on that excuse constantly.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Nilsen on September 15, 2008, 10:05:35 AM
I guess he means that gas prices are not dropping with lowering oil prices but keep rising on that excuse constantly.

Thank you for translating the squeek. :D

Oh and i dunno. I never care about gas prices so i dont keep tabs on it.  :)
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Krusher on September 15, 2008, 10:27:34 AM
... and the NYSE ain't even open yet. Looks like a 'historic' day ahead on the Street. The major 'business banks' are staggered.. the Fed declines to bail Lehman, Merrill went to BofA at a firesale price and AIG is seeking cash. I believe AIG is the insurance industry's largest bank.. and the bill for Ike ain't on the table yet.



I have been kicking myself for not buying BAC the last time they fell below 30 bucks. This morning they fell just far enough to allow me in. Add in their purchases of Countrywide and Merrill Lynch, and I believe they are going to be positioned to compete nicely in this market.


Predictions:
(some) of the players that deserved to go under will, unfortunately some that deserved to go under will be bailed out.
BAC is a 50+ dollar stock within 2 years and Our current financial crisis will be a faded memory.


My opinion:
To hell with Greenspan, as far as I am concerned he caused the financial problems we had at the end Clinton/beginning of the Bush years. Along with with our goofy congress demanding we get more home loans to people who should not have had home loans, he pretty much drove this sub-prime mess with his constant interest rate drops. Now he is running around telling anyone dumb enough to listen that this is the worse financial crisis in 100 years. I guess he is writing a book again and needs material.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Chalenge on September 15, 2008, 10:44:06 AM
Well someone with his credentials spouting that line will cause financial problems not stop it. Proves he is not all they say about him.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Hap on September 15, 2008, 11:02:00 AM
My opinion:
To hell with Greenspan, as far as I am concerned he caused the financial problems we had at the end Clinton/beginning of the Bush years. Along with with our goofy congress demanding we get more home loans to people who should not have had home loans, he pretty much drove this sub-prime mess with his constant interest rate drops. Now he is running around telling anyone dumb enough to listen that this is the worse financial crisis in 100 years. I guess he is writing a book again and needs material.

Why should we listen to you over AGreenspan?
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Fury on September 15, 2008, 11:19:25 AM

AND HOW MUCH WAS GAS LAST TIME OIL WAS LESS TRHAN 100?

In July 2008 when oil was $125 - $140 or so, I paid $4.19/gallon.
With oil hovering near $100, I am paying $4.09+.  Pre-Ike was $3.94.

Gas is not tied to the price of oil -- at least when oil goes down it's not.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: bongaroo on September 15, 2008, 11:22:31 AM
And yet when the price of oil goes up so does the price of gas.

And when oil falls it takes forever for the price of gas to follow.

Hmmmmmmmmmmmmmm.............. ....... :noid
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Lye-El on September 15, 2008, 12:52:45 PM
Wonder if they will move Wall Street overseas? I hear that moving overseas makes money for investors.  :uhoh
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Krusher on September 15, 2008, 01:52:40 PM
Why should we listen to you over AGreenspan?


As stated, it was my opinion. Feel free to listen to whoever you wish.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Kuhn on September 15, 2008, 02:00:38 PM
Even some of the rich and greedy are feeling the effects of being rich and greedy.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Nilsen on September 15, 2008, 02:04:59 PM
Some are, but mostly those who have borrowed to invest.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Torque on September 15, 2008, 02:48:21 PM
when credit card capitalism rides on the back of the socialist dollar it was bound to happen sooner or later... allowing the banks to securitize mortgages to create liquidity was just an feeble effort to delay the inevitable end of free money... i bet chavez is having a good larf about it tho.

Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: myelo on September 15, 2008, 04:48:10 PM
Bulls make money. Bears make money. But pigs get slaughtered.

These companies have been making stupid decisions based on greed. If you don't let the market punish stupid decisions, you just get more stupid decisions.

Some really rich people are going to be a little less rich and a bunch of employees are going to have to find another job.  Then tomorrow the sun will come up again. 


Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Hangtime on September 15, 2008, 05:31:09 PM
For the record.

Clinton passed S.900: Financial Services Modernization Act of 1999.. killing Glass-Stegall.. the law passed by congress following the crash of 29. This Act, (s.900) passed by the democratic President; put on his desk by a republican senate, leads directly to the meltdown were seeing now.

http://www.marketwatch.com/news/story/would-glass-steagall-save-day-credit/story.aspx?guid={3AA33D85-AD38-41B4-B300-033235B5734A} (http://www.marketwatch.com/news/story/would-glass-steagall-save-day-credit/story.aspx?guid={3AA33D85-AD38-41B4-B300-033235B5734A})

The Vote:

Grouped By Vote Position

YEAs ---90

Abraham (R-MI)
Akaka (D-HI)
Allard (R-CO)
Ashcroft (R-MO)
Baucus (D-MT)
Bayh (D-IN)
Bennett (R-UT)
Biden (D-DE)
Bingaman (D-NM)
Bond (R-MO)
Breaux (D-LA)
Brownback (R-KS)
Bunning (R-KY)
Burns (R-MT)
Byrd (D-WV)
Campbell (R-CO)
Chafee, L. (R-RI)
Cleland (D-GA)
Cochran (R-MS)
Collins (R-ME)
Conrad (D-ND)
Coverdell (R-GA)
Craig (R-ID)
Crapo (R-ID)
Daschle (D-SD)
DeWine (R-OH)
Dodd (D-CT)
Domenici (R-NM)
Durbin (D-IL)
Edwards (D-NC)
   Enzi (R-WY)
Feinstein (D-CA)
Frist (R-TN)
Gorton (R-WA)
Graham (D-FL)
Gramm (R-TX)
Grams (R-MN)
Grassley (R-IA)
Gregg (R-NH)
Hagel (R-NE)
Hatch (R-UT)
Helms (R-NC)
Hollings (D-SC)
Hutchinson (R-AR)
Hutchison (R-TX)
Inhofe (R-OK)
Inouye (D-HI)
Jeffords (R-VT)
Johnson (D-SD)
Kennedy (D-MA)
Kerrey (D-NE)
Kerry (D-MA)
Kohl (D-WI)
Kyl (R-AZ)
Landrieu (D-LA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (D-CT)
Lincoln (D-AR)
   Lott (R-MS)
Lugar (R-IN)
Mack (R-FL)
McConnell (R-KY)
Moynihan (D-NY)
Murkowski (R-AK)
Murray (D-WA)
Nickles (R-OK)
Reed (D-RI)
Reid (D-NV)
Robb (D-VA)
Roberts (R-KS)
Rockefeller (D-WV)
Roth (R-DE)
Santorum (R-PA)
Sarbanes (D-MD)
Schumer (D-NY)
Sessions (R-AL)
Smith (R-NH)
Smith (R-OR)
Snowe (R-ME)
Specter (R-PA)
Stevens (R-AK)
Thomas (R-WY)
Thompson (R-TN)
Thurmond (R-SC)
Torricelli (D-NJ)
Voinovich (R-OH)
Warner (R-VA)
Wyden (D-OR)


NAYs ---8
Boxer (D-CA)
Bryan (D-NV)
Dorgan (D-ND)
   Feingold (D-WI)
Harkin (D-IA)
Mikulski (D-MD)
   Shelby (R-AL)
Wellstone (D-MN)

Present - 1
Fitzgerald (R-IL)
   
Not Voting - 1
McCain (R-AZ)


A Dem president. A republican house. They both FAILED. I highlighted the names that caught my eye on the first run down the list as being influential or contenders in the current elections. The conclusion I'm drawing is that Congress.. dems and republicans FAILED. If any of these cretins are on your ticket for return to the legislature I'd vote 'em out.

You wanna reform government?.. Toss 'em out.

You want honest government? Toss 'em out.

If you think politicans should be held accountable for enabling usury? Toss 'em out.

Every freakin one of 'em.

!!!!!!!!


   
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 09:20:21 PM
Merrill gets saved bye BofA
Lehman is toast
The big deal is AIG they are in 130 countries over 100k employees they need 100B by mannana ain't going to happen. The Fed could have saved Lehman and AIG

The the same thing will happen tomorrow only worse the ripple effect will be gigantic.

AIG is a trilliondollar company POOF


I love it when you guys break out the cigars and talk Monica.


Name 1 thing that this current admin hasn't screwed up or has had screwed up on their watch.
Hang want to Hang it on Clinton...WRONG B.

Things screwed up while these idiots have had the helm
911
Stem Cells
Airlines
Business
Housing
Banking
Iraq
Osama
Katrina
Fanny and Freddy
The national debt
Trade
Oil

Sure I missed some

Not to mention all the lies the Bush Cheney delinquents have told. Tell me for the 1st 8 months what did Bush do? Plan our demise? If any deserves impeachment its this clown we have now.

And Clinton was a "Bad" guy Lmao cause he didn't have sex w/that women. Clinton was 10x f:n the President than the FOOL we have now.

But you all go on break out the Cigars. This Rep. party has torn apart this country. Up in Smoke George must have Blunts.

 The only good thing I can think of that has happened with this president is... gold went up as I predicted when when I bought it at 250, even that lost money today.

Don't say he inherited a recession when it was because of him, looking like he would win, we had a recession.

I don't want Obama either so don't go there.

So get ready tomorrow is going to rock your socks :)
the nik is down 5%
hangseng down 6% 4 min into opening.

I do agree with this:
"Hang"
You want to reform government?.. Toss 'em out.

You want honest government? Toss 'em out.

If you think politicians should be held accountable for enabling usury? Toss 'em out.

Every freaking one of 'em.

EVERY STINKING ONE!
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Donzo on September 15, 2008, 09:29:52 PM
Things screwed up while these idiots have had the helm

911
Stem Cells



I'll start at the top....can you elaborate on how these two things were "screwed up" by the "idiots" at the helm?
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: alskahawk on September 15, 2008, 09:37:34 PM

I have been kicking myself for not buying BAC the last time they fell below 30 bucks. This morning they fell just far enough to allow me in. Add in their purchases of Countrywide and Merrill Lynch, and I believe they are going to be positioned to compete nicely in this market.


Predictions:
(some) of the players that deserved to go under will, unfortunately some that deserved to go under will be bailed out.
BAC is a 50+ dollar stock within 2 years and Our current financial crisis will be a faded memory.


My opinion:
To hell with Greenspan, as far as I am concerned he caused the financial problems we had at the end Clinton/beginning of the Bush years. Along with with our goofy congress demanding we get more home loans to people who should not have had home loans, he pretty much drove this sub-prime mess with his constant interest rate drops. Now he is running around telling anyone dumb enough to listen that this is the worse financial crisis in 100 years. I guess he is writing a book again and needs material.


 BAC may be risky due to thier high debt now.

Greenspan; There is no housing bubble. The housing market is solid. 
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 09:43:50 PM
I'll start at the top....can you elaborate on how these two things were "screwed up" by the "idiots" at the helm?

 sure he didn't do anything about AlQaida after having been warned.

and he set back or restricted good technologies cause he is a religious freak


Next
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: alskahawk on September 15, 2008, 09:47:19 PM
For the record.

Clinton passed S.900: Financial Services Modernization Act of 1999.. killing Glass-Stegall.. the law passed by congress following the crash of 29. This Act, (s.900) passed by the democratic President; put on his desk by a republican senate, leads directly to the meltdown were seeing now.

http://www.marketwatch.com/news/story/would-glass-steagall-save-day-credit/story.aspx?guid={3AA33D85-AD38-41B4-B300-033235B5734A} (http://www.marketwatch.com/news/story/would-glass-steagall-save-day-credit/story.aspx?guid={3AA33D85-AD38-41B4-B300-033235B5734A})

The Vote:

Grouped By Vote Position

YEAs ---90

Abraham (R-MI)
Akaka (D-HI)
Allard (R-CO)
Ashcroft (R-MO)
Baucus (D-MT)
Bayh (D-IN)
Bennett (R-UT)
Biden (D-DE)
Bingaman (D-NM)
Bond (R-MO)
Breaux (D-LA)
Brownback (R-KS)
Bunning (R-KY)
Burns (R-MT)
Byrd (D-WV)
Campbell (R-CO)
Chafee, L. (R-RI)
Cleland (D-GA)
Cochran (R-MS)
Collins (R-ME)
Conrad (D-ND)
Coverdell (R-GA)
Craig (R-ID)
Crapo (R-ID)
Daschle (D-SD)
DeWine (R-OH)
Dodd (D-CT)
Domenici (R-NM)
Durbin (D-IL)
Edwards (D-NC)
   Enzi (R-WY)
Feinstein (D-CA)
Frist (R-TN)
Gorton (R-WA)
Graham (D-FL)
Gramm (R-TX)
Grams (R-MN)
Grassley (R-IA)
Gregg (R-NH)
Hagel (R-NE)
Hatch (R-UT)
Helms (R-NC)
Hollings (D-SC)
Hutchinson (R-AR)
Hutchison (R-TX)
Inhofe (R-OK)
Inouye (D-HI)
Jeffords (R-VT)
Johnson (D-SD)
Kennedy (D-MA)
Kerrey (D-NE)
Kerry (D-MA)
Kohl (D-WI)
Kyl (R-AZ)
Landrieu (D-LA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (D-CT)
Lincoln (D-AR)
   Lott (R-MS)
Lugar (R-IN)
Mack (R-FL)
McConnell (R-KY)
Moynihan (D-NY)
Murkowski (R-AK)
Murray (D-WA)
Nickles (R-OK)
Reed (D-RI)
Reid (D-NV)
Robb (D-VA)
Roberts (R-KS)
Rockefeller (D-WV)
Roth (R-DE)
Santorum (R-PA)
Sarbanes (D-MD)
Schumer (D-NY)
Sessions (R-AL)
Smith (R-NH)
Smith (R-OR)
Snowe (R-ME)
Specter (R-PA)
Stevens (R-AK)
Thomas (R-WY)
Thompson (R-TN)
Thurmond (R-SC)
Torricelli (D-NJ)
Voinovich (R-OH)
Warner (R-VA)
Wyden (D-OR)


NAYs ---8
Boxer (D-CA)
Bryan (D-NV)
Dorgan (D-ND)
   Feingold (D-WI)
Harkin (D-IA)
Mikulski (D-MD)
   Shelby (R-AL)
Wellstone (D-MN)

Present - 1
Fitzgerald (R-IL)
   
Not Voting - 1
McCain (R-AZ)


A Dem president. A republican house. They both FAILED. I highlighted the names that caught my eye on the first run down the list as being influential or contenders in the current elections. The conclusion I'm drawing is that Congress.. dems and republicans FAILED. If any of these cretins are on your ticket for return to the legislature I'd vote 'em out.

You wanna reform government?.. Toss 'em out.

You want honest government? Toss 'em out.

If you think politicans should be held accountable for enabling usury? Toss 'em out.

Every freakin one of 'em.

!!!!!!!!


   

 Much of the deregulation of banking/credit started with Carter in 1978. The Regan administration continued the trend in 88. Almost every administration has had their hand in deregulation and easing of oversight on the financial community. Money well spent by lobbyists. I think we should pull all the pot heads out of jail and replace them with politicians.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Donzo on September 15, 2008, 09:48:08 PM
sure he didn't do anything about AlQaida after having been warned.

Did Clinton after 2 embassy's and a naval ship were bombed?

Quote
and he set back or restricted good technologies cause he is a religious freak

"Good technologies"?  Which ones?   You talking about embryonic stem cells? 

Can you provide links to cures that have been documented using embryonic stem cells?
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: RedTop on September 15, 2008, 09:49:30 PM
sure he didn't do anything about AlQaida after having been warned.

and he set back or restricted good technologies cause he is a religious freak


Next

 :rofl Your special
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 09:51:58 PM
:rofl Your special
So are you reddie Smooch :O :D
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 09:53:46 PM
Did Clinton after 2 embassy's and a naval ship were bombed?

"Good technologies"?  Which ones?   You talking about embryonic stem cells? 

Can you provide links to cures that have been documented using embryonic stem cells?


 Sure can you provide links that say it didnt or could not have worked. its science not a sure thing thats why we spend mula on it. stopping any avenue to helping is hurting or restricting it.

And yes Clinton tried to get him at least. what did Georgeeboy do? A big Fat Nada?
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Elfie on September 15, 2008, 10:02:37 PM
Sure can you provide links that say it didnt

And yes Clinton tried to get him at least. what did Georgeeboy do? A big Fat Nada?

How exactly did Clinton try to get bin Laden? Clinton had multiple opportunities to kill bin Laden but passed them all up for various reasons. Whether or not all of those reasons are valid is debatable.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Hangtime on September 15, 2008, 10:06:00 PM
Much of the deregulation of banking/credit started with Carter in 1978. The Regan administration continued the trend in 88. Almost every administration has had their hand in deregulation and easing of oversight on the financial community. Money well spent by lobbyists. I think we should pull all the pot heads out of jail and replace them with politicians.

Stick the politicians back in used car lots and emergency room lobbies. I'd rather have a freakin gay interior designer that thinks a lobbyist is a freaking mural painter in the senate or hourse than the current crop of chuckleheads.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 10:09:57 PM
How exactly did Clinton try to get bin Laden? Clinton had multiple opportunities to kill bin Laden but passed them all up for various reasons. Whether or not all of those reasons are valid is debatable.

 Oh I'm sorry I was under the impression that he sent missles to his base camp 16 or more?

 Maybe you just forgot?
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Donzo on September 15, 2008, 10:15:00 PM
Sure can you provide links that say it didnt or could not have worked. its science not a sure thing thats why we spend mula on it. stopping any avenue to helping is hurting or restricting it.

And yes Clinton tried to get him at least. what did Georgeeboy do? A big Fat Nada?

The only thing that Bush stopped was producing more lines of stem cells for research. 

There were already lines established and those were being used for research...Bush never stopped any research.

So with that, where are those links to the cures that were discovered with the research done using those lines?


How many chances did Bill pass up to get Bin Laden?  And what were those reasons again?  He didn't have a legal reason to do so?  :rolleyes:
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Elfie on September 15, 2008, 10:15:34 PM
Oh I'm sorry I was under the impression that he sent missles to his base camp 16 or more?

 Maybe you just forgot?

I did forget about that. That was after the attack on the USS Cole? Was bin Laden actually at the camp we sent the cruise missiles to or was it just a general retaliatory strike?

There were other times when the opportunity to kill bin Laden arose and Clinton passed on them.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Donzo on September 15, 2008, 10:16:24 PM
The missile strikes were largely symbolic.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 10:19:55 PM
The only thing that Bush stopped was producing more lines of stem cells for research. 

There were already lines established and those were being used for research...Bush never stopped any research.

So with that, where are those links to the cures that were discovered with the research done using those lines?


How many chances did Bill pass up to get Bin Laden?  And what were those reasons again?  He didn't have a legal reason to do so?  :rolleyes:

 what 7 lines? why not a  million?
 what did George Do?
 where are the links that say it was no good?
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Donzo on September 15, 2008, 10:22:53 PM
what 7 lines? why not a  million?
 what did George Do?
 where are the links that say it was no good?

The point is that there are plenty of documented cures found using adult stem cells and there have been none using embryonic stem cells.

So what's your point?  That we should just keep trying until something good comes of using embryonic stem cells? 

Why?  Just because?  Where's the good solid reason why?
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 10:23:15 PM
The missile strikes were largely symbolic.
LOL
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 10:28:49 PM
The point is that there are plenty of documented cures found using adult stem cells and there have been none using embryonic stem cells.

So what's your point?  That we should just keep trying until something good comes of using embryonic stem cells? 

Why?  Just because?  Where's the good solid reason why?
And why is that ? cuase its illegal maybe? and yes we should keep trying with anything we have. you bet there are plenty of frozen eggs we could haved used.
 tell ya what lets move on you said the top of the list
you have failed on this.
 there lots on my list
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 10:33:18 PM
Check out the Blue chips and the exposure to banks because of the Fed they are taking a hit to
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Chalenge on September 15, 2008, 10:37:09 PM
The missile strikes were largely symbolic.

Yes Mr Clinton didnt order the launch until hours after Bin Laden had left the area. This was also the day he was trying to distract attention from the Lewinski testimony.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Donzo on September 15, 2008, 10:37:41 PM
And why is that ? cuase its illegal maybe? and yes we should keep trying with anything we have. you bet there are plenty of frozen eggs we could haved used.
 tell ya what lets move on you said the top of the list
you have failed on this.
 there lots on my list

Thanks for the <sarcasm>insightful, fact filled</sarcasm> responses.

I consider your responses to be a litmus test in determining if the rest of the items on your list are worthy of responses.

You failed.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 10:39:45 PM
Thanks for the <sarcasm>insightful, fact filled</sarcasm> responses.

I consider your responses to be a litmus test in determining if the rest of the items on your list are worthy of responses.

You failed.
u got nuthin :aok
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 10:47:39 PM
Yes Mr Clinton didnt order the launch until hours after Bin Laden had left the area. This was also the day he was trying to distract attention from the Lewinski testimony.

 hahaha the monica thing againyou guys crack me up  I suppose you will say he knew he was going to miss? :rofl
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Hangtime on September 15, 2008, 10:56:48 PM
the dems AND the republicans, by an astonishing 90 to 8 vote tossed out the last of the banking regulations that forced the banks and the investment houses to remain separate entities.

 In 1999, the law banning brokerages and banks from marrying one another -- the Glass-Steagall Act of 1933 -- was lifted, and voila, the financial supermarket has grown to be the places we know as Citigroup, UBS, Deutsche Bank, et al.

But now that banks seemingly have stumbled over their bad mortgages, it's worth asking whether the fallout would be wreaking so much havoc on the rest of the financial markets had Glass-Steagall been kept in place.

Diversity has always been the pathway to lowering risk. And Glass-Steagall kept diversity in place by separating the financial powers that be: banks and brokerages.

Glass-Steagall was passed by Congress to prohibit banks from owning full-service brokerage firms and vice versa so investment banking activities, such as underwriting corporate or municipal securities, couldn't be called into question and also to insulate bank depositors from the risks of a stock market collapse such as the one that precipitated the Great Depression.


But as banks increasingly encroached upon the securities business by offering discount trades and mutual funds, the securities industry cried foul. So in that telling year of 1999, the prohibition ended and financial giants swooped in. Citigroup led the way and others followed. We saw Smith Barney, Salomon Brothers, PaineWebber and lots of other well-known brokerage brands gobbled up.

At brokerage firms there are supposed to be Chinese walls that separate investment banking from trading and research activities. These separations are supposed to prevent dealmakers from pressuring their colleague analysts to give better results to clients, all in the name of increasing their mutual bottom line.

Well, we saw how well these walls held up during the heyday of the dot-com era when ridiculously high estimates were placed on corporations that happened to be underwritten by the same firm that was also trading its securities. When these walls were placed within their new bank homes, cracks appeared and -- it looks ever so apparent -- ignored.


...Marketwatch. Sept 7 2007

That was Clinton.. and a Republican Congress. FAIL

The protections enacted to prevent another economy busting crash were tossed out and the banks given the green light to play with their mortgage products as investments. This plundering is not partisan.. it is just plain bi-partisan greed.

Enough is enough.. matters not a freakin bit if yer a democrat or a republican.. change out your crooks. Get new ones. Preferably plumbers and comedians. Lets not send the same cretins that voted for deregulation back to the hill.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Chalenge on September 15, 2008, 11:08:33 PM
hahaha the monica thing againyou guys crack me up  I suppose you will say he knew he was going to miss? :rofl

Yes he knew he wasnt going to make anyone angry destroying an empty building. Clinton was a comic book President and nothing more. Pure joke.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Megalodon on September 15, 2008, 11:37:40 PM
Yes he knew he wasnt going to make anyone angry destroying an empty building. Clinton was a comic book President and nothing more. Pure joke.
that must make your guys the freekin laughin stock of the world?  :rofl


 Edit: tell me 5 good things Bush has done?
He steps in it whenever he gets a chance. < thats a period  :devil
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: bongaroo on September 16, 2008, 07:52:39 AM
Much of the deregulation of banking/credit started with Carter in 1978. The Regan administration continued the trend in 88. Almost every administration has had their hand in deregulation and easing of oversight on the financial community. Money well spent by lobbyists. I think we should pull all the pot heads out of jail and replace them with politicians.

I like this guy.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Hap on September 16, 2008, 08:06:11 AM
Me too.  In the absence of a shared set of ethics to which we adhere (businesses included) that bode well for domestic tranquility, government must regulate the human impulse to hose their neighbor and reap rewards.

Virtues and vices. 

To do so, government must put the welfare of its citizens above the welfare of the guy with the zillion dollar check in his hand and above graft and greed.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Animl on September 16, 2008, 12:45:04 PM
15 minutes in.. 300 points down. volume thru the roof.
free-fallin!

But the economy is just fine, strong, pay no attention to the numbers. <snork!> McCain says so.

Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Elfie on September 16, 2008, 03:29:33 PM
But the economy is just fine, strong, pay no attention to the numbers. <snork!> McCain says so.



Market started rebounding today.
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Captain Virgil Hilts on September 16, 2008, 03:34:11 PM
Why should we listen to you over AGreenspan?

Because common sense tells you NOT to loan money to people who cannot possibly hope to repay the loan?
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Captain Virgil Hilts on September 16, 2008, 03:40:20 PM
Oh I'm sorry I was under the impression that he sent missles to his base camp 16 or more?

 Maybe you just forgot?

You were misled. No one was there, and Clinton knew it. The missiles ended up hitting some empty tents and an empty pharmaceutical building. Wasting expensive cruise missiles on valueless targets is what is commonly known as an acute intelligence failure.

Bin Laden was under surveillance by various Seal and other spec ops teams, and could have been killed any number of times, but was not.

Oh, since you would like to bring the World Trade Center into this, what person held the office of President when it was bombed the FIRST time?
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Shamus on September 16, 2008, 03:45:06 PM
Because common sense tells you NOT to loan money to people who cannot possibly hope to repay the loan?

But if you will be reimbursed for the loss in the end by someone else, why not make the loan? , reminds me of a kid getting rich dad to co-sign for a new car, no real exposure for the bank.

shamus  
Title: Re: Lehman Bros Folds, Merrill Lynch Collapsed, AIG going next
Post by: Elfie on September 16, 2008, 03:49:13 PM
Quote
You were misled. No one was there, and Clinton knew it. The missiles ended up hitting some empty tents and an empty pharmaceutical building.


This is exactly why people consider the missile attack to be a simple diversion from the Monica *I'm smoking a White Owl today* Lewinsky deal.