1. “A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and keep the faith!” — Richard Band, editor, Profitable Investing Letter, Mar. 27, 2008
At the time of the prediction, the Dow Jones industrial average was at 12,300. By late December [...]
1. “A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and keep the faith!” —Richard Band, editor, Profitable Investing Letter, Mar. 27, 2008
2. AIG (AIG) “could have huge gains in the second quarter.” —Bijan Moazami, analyst, Friedman, Billings, Ramsey, May [...]
The big problem is everyone is SO disconnected from all this. There are large numbers being thrown around and yet every week my paycheck looks the same.
Want to see a revolution? people take to the streets? People to get really outraged over this?
then we should pay for it now.. watch your paycheck dwindle to [...]
Political “Experts”
“The Federal government will not bail out lenders — because that would only make a recurrence of the problem more likely. And it is not the government’s job to bail out speculators, or those who made the decision to buy a home they knew they could never afford.” (George W. Bush, Sept 2007)
“These institutions [...]
More than just a mere liquidity or credit crisis, the current financial storm represents the death throes of the old global economic order, and perhaps the birth pains of a new one. The sun is setting on the borrow and spend culture that has defined us for a generation. Our long ride on the global [...]
Rep. Frank plans economy stimulus bill in November
Sun Oct 12, 2008 11:03am EDT
WASHINGTON (Reuters) - Rep. Barney Frank said on Sunday he will put together an economic stimulus bill when Congress returns to session after the November elections, while a key Republican said he would support the effort.
Frank, chairman of the House of Representatives [...]
WASHINGTON (MarketWatch) — House lawmakers voted 205 to 228 Monday against
approving the historic $700 billion financial rescue plan, a sharp blow to the
administration and bipartisan rallying efforts from leaders in Congress who warn
that the country is on the brink of an economic precipice.
With elections approaching, some lawmakers — both Democrats and Republicans –
may feel nervous [...]
Top US Lawmakers To Meet At 3 PM EDT On Bailout -Fox Business
Last Update: 9/26/2008 2:50:15 PM
DOW JONES NEWSWIRES
Top negotiators from both houses of Congress and both parties will meet at 3 p.m.
Friday to discuss Wall Street bailout plans, Fox Business reported, citing
sources on Capitol Hill. Fox said Financial Services Chairman Barney Frank,
D-Mass., and Senate [...]
US Rep Frank:GOP ‘Not Serious’ About Alternative Bailout Plan-TV
Last Update: 9/26/2008 8:20:53 AM
DOW JONES NEWSWIRES
U.S. Rep. Barney Frank, D-Mass, said House Republicans are in revolt against
George Bush but “aren’t serious” about providing an alternative to Treasury’s
$700 billion bank bailout plan. Frank blamed the GOP for the breakdown in talks
and said the first time the Democrats [...]
“In the good old days, that was the best loan we had at Countrywide…” John Sipes told the Wall Street Journal. He was reminiscing about Countrywide’s “Fast and Easy” loan (aka “liar loans”), which allowed homebuyers to get a mortgage without any supporting documentation of their incomes. Originally, lenders made these loans only to folks [...]
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