News and Politics | September 22, 2008 | 14 comments

Stocks fall as investors await bank bailout plan

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Pericles_Lewnes
Wall Street fell in early trading Monday as investors nervously awaited further news about the government's plan to buy $700 billion in banks' mortgage debt. The Dow Jones industrials were down more than 150 points while the credit markets remained nervous, but not showing the signs of panic that Treasury trading saw last week...

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14 comments // Stocks fall as investors await bank bailout plan

  • WhiteNoise
    • 0
      WhiteNoise  
    • Section 8 of the proposed legislation says it all:

      "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."

      Right; "non-reviewable" supremacy.

      "All Hail Caesar!" The days of the republic are over.

    • 3 years ago
  • m3coupe4me
  • ciregg222
    • 0
      ciregg222  
    • Why would the leaders listen? They want to line the pockets of thier extended family and friends who are in those industries and will golden parachute them after presidency with "consultant jobs and board advisor jobs" for the rest of thier lives when they are out of office.

    • 3 years ago
  • csmonut
  • futuregen
  • hombre76
    • 0
      hombre76  
    • These criminals are trying to blackmail us in to passing Bush's releif plan that not only will give these bastards a shit ton of money but relax further the regulations governing depository banks that the likes of Morgan Stanley have now switched to in hopes of passing their bad finaces on to the american taxpayer. I said it once I'll say it again EAT THE RICH!

    • 3 years ago
  • Pericles_Lewnes
    • 0
      Pericles_Lewnes  
    • Image
    • Volatility again swept the financial markets Monday as investors grew nervous about an amorphous government plan to buy $700 billion in banks' mortgage debt. Stocks fell sharply, taking the Dow Jones industrials down more than 200 points, while investors sought safety in hard assets such as oil, which has shot up more than $11 a barrel.

      The dollar skidded lower, contributing to oil's surge, while the credit markets were still uneasy but not showing the frantic tradingthey saw last week.

      Read Rest at Link...

      http://news.yahoo.com/s/ap/20080922/ap_on_bi_st_ma_re/wall_street

    • 3 years ago
  • NeoDotCom
    • 0
      NeoDotCom  
    • Considering Kenneth Lay was Bush's number 1 campaign donator and supporter. Isn't it in interesting that they Enroned or nation.

      We thought the Enron and Worldcom were bad. The Bushies have fleeced us all for now $1.7 trillion. I'm including Iraq in that number.

      They have stolen $1.7 trillion. Our stock (dollar) has fallen, our pension (social security ) is gone and our credit is shot.

      McCalin 08
      4 more years

    • 3 years ago
  • WhiteNoise
    • 0
      WhiteNoise  
    • The Paulson-Bernanke Bank Bailout: Will the Cure be Worse than the Disease?
      http://www.globalresearch.ca/index.php?context=va&aid=10297

      "The history of mankind is a history of the subjugation and exploitation of a great majority of people by an elite few by what has been appropriately termed the 'ruling class'. The ruling class has many manifestations. It can take the form of a religious orthodoxy, a monarchy, a dictatorship of the proletariat, outright fascism, or, in the case of the United States, corporate statism. In each instance the ruling class relies on academics, scholars and 'experts' to legitimize and provide moral authority for its hegemony over the masses." : Ed Crane

    • 3 years ago
  • xenothaulus
  • onechance
    • 0
      onechance  
    • That bailout plan is bullshit. It's ANOTHER Bu$h corporate handout.

      How about helping ordinary ppl that actually need it?

      Oh wait, these are people that Bu$h just wants to send over to the ______ (fill in the blank) war to have their asses blown off.

    • 3 years ago
  • ciregg222
    • 0
      ciregg222  
    • look at these traders just scavaging over the trimmings they make on all of our invetstment and loan transactions. as long as the trades and transactions keep moving, they keep earning, and its all about them cause they are in the pocket of our leaders. Write in Ron Paul and change this nonsense

    • 3 years ago
  • regularrf
    • 0
      regularrf  
    • How can we stop this misuse of our tax dollars ,The roads ,bridges people starving no health Ins. no unemployment extension after 13 weeks and we are spending trillions on the rich.The retirement money for rich people when people need funds now. WE NEED TO STOP THIS NOW!

    • 3 years ago
  • futuregen
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