SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Sarah Palin For President 2012 -- Ignore unavailable to you. Want to Upgrade?


To: goldworldnet who wrote (808)10/4/2008 10:36:10 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 1832
 
Too little, too late... the so called cops were the very foxes in charge of the hen houses... barney frank was the ringleader who got all of us into this banking mess in the first place... he's the clown who is deeply responsible for the current banking debacle... along with his buddies clinton, obama, kennedy, and dodd (not to mention the sweet deals and cash gifts these clowns received for themselves along the way)... they all have been pushing banks to lend sub prime to individuals who should never have received loans in the first place, liberal politicians of the worst kind trying to give money to those who cannot handle it and cannot afford the loans in the first place, and all under the name of Neighborhood Reinvestment... the fact that these politicians are now posturing and grandstanding about how others are at fault is beyond belief... these five are the cause of this problem, they should be impeached, thrown out of office, and prosecuted... and the heads of those banks should be subpoenaed and questioned... and there's still more, obama actually filed a law suit against those banks who refused to sub prime lend to force them to grant high risk loans after frank et al. made it a requirement... this whole foul deed has a smell that rises high above the earth... and now, all taxpayers will pay for this for years to come... this bailout is only the opening act, just the tip of the iceberg, there's lots more to come over the next few months, just wait and see... hey, remember enron? That collapse was small potatoes compared to this mess...

Clearly, the market is not impressed with any of it... the government should realized it cannot manipulate the markets, the best thing they can do is get out of the way and let the free market work... but, also, there are criminals who are getting away with this sub prime fraud... so, where are the investigations? The depositions?

Crude is moving lower because the global economy is crapping out... these markets are in much deeper trouble than most people think... now that the bailout has become law, these markets are going to worry about earnings... consumer confidence is going down the crapper, companies will not be able to borrow as easily in order to grow, and so on, watch what happens to the auto makers next year, they'll also need a bail out, everyone take a number and stand in line, talk about the domino theory, this is where we are right now... this is a bad situation and these markets are not going to recover so quickly... I don't think SP at or below 800.00 is out of the question before the selling is over... oh, we'll see some spirited rallies, but I don't think we're anywhere near a serious bottom right now...

Be prepared...<g>

GZ



To: goldworldnet who wrote (808)10/4/2008 10:38:08 AM
From: GROUND ZERO™9 Recommendations  Read Replies (1) | Respond to of 1832
 
Sarah Palin is a stunning political personality... she has a very fast learning curve... no matter whether McCain wins or not, Palin is going to be a formidable heavy weight contender for the White House within the next one or two go rounds... clearly, the first woman President will be Sarah Palin, and not hillary... Palin is where she is because of her own individual tenaciousness and not because her husband was President... keep your eye on her, she's going to be around for a long time...

GZ