The Dow Is Giving Back All Friday's Gains

We spent $1 Trillion for this!

instead of the big huge all at once crash.

And it cost a trillion bucks!

Yay!

If they let this run its course the markets would be closed because the Dow would be down 3,000 or so points or whatever it takes to close the market...This way we have a nice,orderly bear market...

4 or 5 bailouts, infusions into banking system (my Dad used to call it "spending money faster than they can print it")causes dollar to drop, and does very little to improve anything.

so things haven't gone totally to shit. Oh wait, that's totally fucked. Shit.

Quit being such a Cassandra

:sarcasm:

I wonder if electronic trading is kicking in...

So there's hope that it won't be spent at all. If the DOW takes a beating this week before congress acts on "fears that the bailout won't stop the recession" then we'll probably not spend the money as the public's interest in the bailout is decidedly negative. This is like the sale of our ports to foreign countries thing all over again. Everybody is against the bailouts. Its political suicide to give Bush a blank check right now.

will stop the collapse. The amount of funny money in the system exceeds the amount of assets in this country.

Welcome to the Great Depression, Mk. II. That much is pretty much inevitable. The question now is merely what do we do to soften the blow/recover most quickly from the inevitable.

I think we need a bailout -- of the bottom, not the top. Lets keep people in their homes, create jobs, expand the safety net, regulate the hell out of the troublemakers who caused this, and raise taxes on the rich to redistribute wealth. Bailing out the bottom will help Wall Street and the banks, too, just not the way they want to be helped (with a blank check and a Golden Parachute and another home in Europe and that really cool yacht and three more antique cars for the auto collection and... etc).

Bailing out the bottom worked the last time. It'll work this time, too.

then the crisis can be contained. Although it would be extremely difficult to prevent some of it from happening. Another foreclosure on my street just hit; the family really could not afford the payment.

We live in very serious crisis right now. And the bailout is only about getting through the next week. That is how on the precipice we are.