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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (378475)	11/25/2008 9:57:31 AM
From: Secret_Agent_Man	Respond to of 436258

lol-Stocks rise on plan to aid credit issuers 6 minutes ago Wall Street extended its advance to a third day Tuesday after the government announced it is readying a program to aid companies that issue credit cards, make student loans and finance car purchases. The government, while looking to reduce fear in the credit markets, is eager to see lenders like credit card companies resume more normal levels of lending to help stimulate the economy. Since September, when credit markets first froze, financial institutions have been hesitant to hand over money for fear they won't be repaid. That, in turn, has made it harder for businesses and consumers to borrow.... Stocks See Initial Strength On Further Government Intervention - U.S. Commentary 12 minutes ago - With traders reacting positively to the government's latest efforts to unfreeze the credit markets, stocks showed a strong upward move at the start of trading on Tuesday. The major averages moved sharply higher, adding to the strong gains posted in the two previous sessions. Housing stocks are helping to lead the way higher on the news, with airline, brokerage, and health insurance stocks also seeing early strength. On the other hand, considerable weakness has emerged in the computer hardware sector. ... Stocks rise on plan to aid credit issuers 12 minutes ago Stocks are advancing for a third straight day after the government announced it is readying a program to aid companies that issue credit cards, make student loans and finance car purchases. The government, while looking to reduce fear in the credit markets, is eager to see lenders like credit card companies resume more normal levels of lending to help stimulate the economy. Since the start of the credit crisis, financial institutions have been hesitant to hand over money for fear they won't be repaid.... got spin?

To: Secret_Agent_Man who wrote (378475)	11/25/2008 10:20:07 AM
From: Box-By-The-Riviera™	Respond to of 436258

yes, hear he's a great cook. Le Grand Bouffe

To: Secret_Agent_Man who wrote (378475)	11/25/2008 11:01:13 AM
From: NucTrader	12 Recommendations Read Replies (3) \| Respond to of 436258

Yeah, it's disgusting how the inner GS circle who've gotten themselves into power and their enablers in Congress and at the Fed circle the wagons and do everything they can to protect the investment banks and brokers at any cost to the taxpayer (Paulson, Geithner, Rubin, Bernanke, Kashkari). Detroit is getting beat up because they came to the table with their hands out w/o a plan. Does anyone ever ask the banks for a plan? No. They just give 'em the dough. And it's all STILL a black box - how much toxic debt is really on the books, how liquid these banks really are, the details of the Fed's largess (like how many foreign banks have gotten $$ financed by the American taxpayer, etc. etc.) This thing is beyond their control. Anyone who hasn't seen that already is blind. We're told that allowing these investment banks to go under would be a scenario too horrible to contemplate. For whom? For them, their power, and their pocketbook. And yes, there would be economic repercussions, but in the end we'd be better off w/o them and better off w/o the Fed. I can get a loan from a local bank w/o any problem and can finance a house with 20% down. Why should I give a flying shit if Citi, or GS, or AIG, or MER survive, other than people losing their jobs, which I really would prefer not to see?