Memo to Jayhawk, Botnst: sky fell, 10/6/2008 - Page 2 - Mercedes-Benz Forum

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post #11 of 24 (permalink) Old 10-06-2008, 06:57 PM
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Hole in the roof or hole in the floor?
Yes

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post #12 of 24 (permalink) Old 10-06-2008, 07:19 PM
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Why are you people screaming now? This is only the beginning. You better save your energy for the free fall that is yet to come.

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post #13 of 24 (permalink) Old 10-06-2008, 07:40 PM
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To you maybe, but what about people ready to retire?
Should have put there money in the bank or under their pillows.
post #14 of 24 (permalink) Old 10-06-2008, 08:51 PM
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Should have put there money in the bank or under their pillows.
But they trusted our government that said everything was fine. Jayhawk was saying it too and still believes that this is the best of times
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post #15 of 24 (permalink) Old 10-06-2008, 09:15 PM
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Why are you people screaming now? This is only the beginning. You better save your energy for the free fall that is yet to come.
Elau,elau, it's always about your sorry ass 401k , isn't it ? The "free fall" that you so gleefully predict will ruin many lives, break up families, destroy retirement plans, bankrupt decades old family businesses, bring life to a standstill for many.
I sincerely hope Bernanke, Bush & Co will start revving up the chopper right now and declare a full all out assault on the problem.
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post #16 of 24 (permalink) Old 10-06-2008, 09:48 PM
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But they trusted our government that said everything was fine. Jayhawk was saying it too and still believes that this is the best of times
Since when did people start trusting politicians?
post #17 of 24 (permalink) Old 10-06-2008, 10:15 PM
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Yes
Yes, immaterial.
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post #18 of 24 (permalink) Old 10-06-2008, 11:21 PM
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Elau,elau, it's always about your sorry ass 401k , isn't it ? The "free fall" that you so gleefully predict will ruin many lives, break up families, destroy retirement plans, bankrupt decades old family businesses, bring life to a standstill for many.
I sincerely hope Bernanke, Bush & Co will start revving up the chopper right now and declare a full all out assault on the problem.
As if on cue, just saw this... direct drop into businesses.

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Fed eyes plan to fund short-term business loans - Yahoo! News
Fed eyes plan to fund short-term business loans

By JEANNINE AVERSA, AP Economics Writer 37 minutes ago

WASHINGTON - The government is weighing a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is imperiling the economy.

The Federal Reserve is working with the Treasury Department on the plan to buy "commercial paper," a short-term financing mechanism that many companies rely on to finance their day-to-day operations, such as purchasing supplies or making payrolls, according to a person with knowledge of the plan. The person spoke on condition of anonymity because the plan is still being put together.
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post #19 of 24 (permalink) Old 10-06-2008, 11:23 PM
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Show of hands for those that thought this might only cost $700Billion?

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post #20 of 24 (permalink) Old 10-06-2008, 11:31 PM
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Show of hands for those that thought this might only cost $700Billion?
Bear, it's immaterial what it costs since equal amount if not more of wealth is being and will be destroyed if further is not done.
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