anyone watching cnn.live?
This part is important from Glenn Beck…
“Action for the sake of action, much like change for the sake of change, doesn’t solve problems. It usually inflames them. And what’s worse is that it creates brand-new catastrophes we haven’t even considered yet.”
This part is important concerning Glenn Beck…
is host of a conservative national radio talk show.
change for the sake of change is bad.
lack of action due to no obviously solutions is equally dangerous.
focusing on the big picture is great. so, we have established that change for the sake of change or action for the sake of action is bad. how about this? have you identified the problem? have you identified causes? do you know the implications? an even better question… do you have any viable solutions? any suggestions?
I was going to say that was the only part he should have left out. The entire rest of it was non-partisan, but then he had to throw in those two sentences that will cause the left to ignore the article.
Which is exactly what’s now happened in this thread because you had to post it. No one will discuss the great economic insight, just the two sentences where he took a shot at Obama. :roll2:
cnn.com/live will have fre and fnm on in 45 min
ok better yet, i am going to simplify this whole bailout thing for everyone.
the problem right now is that many financial institutions are saddled with bundles of virtually worthless subprime mortgages. they dont have the administrative capacity to refocus the effort of sifting through these bundled securities one by one to see what amount of each mortgage is actually collectible. the market has essentially devalued these securities to the point that they are worthless and not being bought or sold. NOTE*** just because the market deems them worthless in trade transactions does not mean they are not partially collectible!!!
so the bailout plans to centralize this collection effort. the us government will finance the purchasing of these “worthless” securities, thus freeing up financial institutions to resume somewhat normal, but further regulated, operations. essentially, the thought is that while the US would be paying 700B for these securities, prior to the meltdown, they were worth a few trillion. perhaps now they will be able to collect 500b, or 1t. either way, the government has the administrative capacity to be able to undertake the process of sifting through and beginning to collect the .50c on the dollar, or whatever it may be.
the point is, that we cant be this shortsighted. we cant act like standing firm and doing nothing is the equivalent of letting a child cry after punishing him for taking too many cookies. it just is not that simple. there are larger implications at work here.
they just said on cnn that for 500 bil they could buy out all homes that are in default
WAT???
they arent doing ANYTHING with 700trill, wtf are you talking about?
EDIT: you changed your post to remove that nonsense about 700trillion…
Time to jump on the LEHMQ train.
Did that 2 days ago at 13 cents 
financial crisis = joe makes lots more money.
All the shit stocks are going up. Look at IDMC today. :lol:
:lol:
yes i changed it
Fuck Fuck Fuck. God I just didnt have the balls to go too far in last week. I am a very conservative investor believe it or not. Long story short im still up about 10k in a week 
So, who knows if the part about Paulson becoming god of the economy has been changed in the bill?
i just want to buy some houses and land
all of you scotttrade people may be able to trade FNM and FRE soon if they keep climbing :lol:
yeah youre gonna need some extra space when team 4door hits 10 kids or so :lol:
Paulson should take a pay cut… the way it sounds right now he will still be GOD
i have till april next year to repopulate.(im like Vernon Wayne Howell just no jesus crap).
the LHC will start back up
:lol: I don’t think I would at $4 though. When are you selling?
deal was reached… did anyone see the fat mess with no top teath talking…
and “we will get paid back” … yea right