Flash - Bailout package voted down

[dtw]

226 against to 207 for. Dow currently down about 400, went as low as 600 down a few minutes ago.

If you'd like to get in your doomsday predictions, this is going to be a great time to do it...am already hearing things like "go buy groceries now, as the grocery stores will be out of credit in a couple days"

[onewhippedpuppy]

If I get hungry I'll head to central KS to stay with my in-laws. Everybody has gardens, livestock, and guns.

What if the zombies come at the exact same time?!

[Rot 911]

This was a bailout for the fatcats. Most Americans want no part of it.

[KFC911]

I for one, am glad it didn't pass. It's going to get nasty (even if it passed), but socializing the financial markets isn't the answer imo. Maybe credit should dry up...this country, businesses, and many individuals are wallowing in debt, and it's time for a wake up call . Hope you aren't/weren't holding any WB btw...

[kstar]

I predict the hype has overrun the reality.

Thank goodness this thing was voted down, IMO.

[NICKG]

i agree..I am glad it failed

[HardDrive]

Originally Posted by kstar

I predict the hype has overrun the reality.

Thank goodness this thing was voted down, IMO.

+1

Were in for a very rough ride, but passing this package would have done nothing to stop that. Credit markets will be extremely tight. Thats bad for the economy, but we had to get back to some kind of financial sanity in this country, and I would rather have a fast ugly trip down than a slow on.

Dow below 9000 before the week is out.....

Thank god some folks in congress actually grew a spine.

[rammstein]

We have too many pirates to pay, no money left for bailouts.

[charleskieffner]

my buddy at wells fargo bank here just called..............he stated we "should jump out the windows NOW!"

since both of us are on the first floor...........well its not gonna do much............

kinda like the bailout. bailout fat cats. let 'em hang from the yardarms.

screw them and the horse ya rode in on!

lets do the math..............300 million u.s. citizens. 700 billion dollar bailout.

thats $500,000 dollars per person to bail these clowns out!

THATS A ******* CARRERA GT FER EVERYJUAN fer christ sakes!

[Rich76_911s]

You guys are a little crazy. What happens if your employer losses access to credit and can't pay payroll. Or if your local grocery store losses access to credit and can't put anything on the shelves? Credit makes the world go round, without it we are in Barney Rubble trouble!

[nostatic]

Originally Posted by onewhippedpuppy

my in-laws

What if the zombies come at the exact same time?!

will you be able to tell the difference?

[charleskieffner]

count how many FAT CAT SUICIDES in the next few weeks! hahahahahahaa EAT POO MO-FOS!

[dtw]

I have been 'this close' to putting a bunch of money in financial stocks. 33% of it would have been into Wachovia. WaMu probably would have been another one of them. That sensible voice inside me that kept whispering "now is not the time" appears to have won the day. Still leaves me trying to figure out where to invest right now, though.

[kstar]

Originally Posted by nostatic

will you be able to tell the difference?

Is there a difference to tell?

[nostatic]

Charles, you are way too reserved. Holding in your emotions will give you ulcers. You need to let it out, man!

[Rick Lee]

My real worry is the security of payroll accounts. A lot of them are way, way over the FDIC limit.

[kstar]

Originally Posted by charleskieffner

my buddy at wells fargo bank here just called..............he stated we "should jump out the windows NOW!"

since both of us are on the first floor...........well its not gonna do much............

kinda like the bailout. bailout fat cats. let 'em hang from the yardarms.

screw them and the horse ya rode in on!

lets do the math..............300 million u.s. citizens. 700 billion dollar bailout.

thats $500,000 dollars per person to bail these clowns out!

THATS A ******* CARRERA GT FER EVERYJUAN fer christ sakes!

You might check your math on that.

[jyl]

Credit markets "tight" is different from "shut down".

I think they will pass the plan or something like it - maybe when S&P crashes <1000, banks failing at 50/month, FDIC insurance fund exhausted, rolling BKs at non-financial firms, and USD crashed too - question then will be is it too late to stop the spiral.

House vote this AM is very bad news, for Main Street as well as Wall Street. When a country's banking sector collapses, history says, cost to economy is far more than the 0.5% of GDP represented by the plan.

[jyl]

Originally Posted by charleskieffner

lets do the math..............300 million u.s. citizens. 700 billion dollar bailout.

thats $500,000 dollars per person to bail these clowns out!

THATS A ******* CARRERA GT FER EVERYJUAN fer christ sakes!

Can't you do basic math?

If you think it is $500K/person when it is actually $2,300/person, is anyone supposed to think you understand the situation?

[charleskieffner]

start clipping magazines up! lock and load! the worlds gonna end!

WE ARE ALL GONNA DIE!

THE RECESSION IS NOW!

NOBODY WILL BE ABLE TO GET CREDIT!

NOBODY WILL BE ABLE TO BUY/SELL THEIR HOMES!

ZOMBEES ARE ATTACKING!

PIRATES ARE TAKING OVER!

OSAMA PLANNED THIS!

give me a break.............i didnt make these mortgage mistakes! why bailout MORONS!