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susan1957
susan1957
16 years ago

I just heard that it’s unconstitutional to bail out the Auto industries…and it was also the wall street idiots. This opens up the door to weaken our constitution don’t it. I know that when the covenants of our neighborhood are broken and go unchallenged it wipes away the covenants. Does this not happen also to our Constitution? I’d also like your opinion why this has not gone unchallenged?

By the way..today’s show was good…I agree that there is something going on with the fuel prices… I’m not sure it’s not our own government trying to control Russia in a round about way.

susan1957
susan1957
16 years ago

Sorry A type O.. I meant why this has gone un challenged. No one seems to care except all those bankrupt states that now can line up and get bailed out without as big a argument.

Stein
Stein
16 years ago

Is it too late to get in on the DOW bet today? Just kidding man, I don’t know any better than the next guy what is going on these days.

Here’s a total I found on the cost so far (keep in mind WWII cost an inflation adjusted $200 billion)

Federal Reserve:
(TAF) Term Auction Facility – 900 billion
Discount Window Lending
Commercial Banks – 108 billion
Investment Banks – 102 billion
Loans to buy ABCP – 108 billion
AIG – 122 billion
Bear Stearns – 29.5 billion
Term Securities Lending Facility – 225 billion
Swap Lines – 519 billion
Money Market Investor Funding Facility – 540 billion

Other:
Automakers – 25 billion
(FHA) Federal Housing Administration – 300 billion
Fannie Mae/Freddie Mac – 150 billion

(TARP) Treasury Asset Relief Program: – 700 billion

Total – $3828.5 billion

Brian Gallimore
16 years ago

Jack, I have to give you some shit about timing the market. DJIA is up 60 points today, not down 200 to 600 like you said. I’m back to my original belief that you can not time the market. You had me 20% convinced I was wrong until you dug your heels in and proved you were wrong today.

I’d say I loved you show today, but it gave me heartburn and caused me to be a loud, overbearing, alarmist to everyone I talked to after I listened to it, which was only 2 people really, but those 2 people now have heartburn too. Any ideas for action concerning the federal reserve $3 trillion debt issue? I’m at a loss!

Thanks for all you do,
Brian

Trash
16 years ago

It must be nice to have such nice disposable cash to worry about timing the market. I just know that with our cash flow here the market closes everyday at 11pm so I can time the correct time 1130pm to see what they have disposed of before they go home that I can add to my preppers.
Happy Saturday all

Brian Gallimore
16 years ago

Jack, I think I do get what you are saying, which is something along the lines of “when all the signs are saying the economy is about to tank, be ready for a big downturn in the stock market”. You were getting very specific “today the market is going to do this”, which is my definition of “timing the market”, and everything I’ve learned says it is impossible to do over the long term, try it enough times and you will be screwed. I think we are on the verge of beating the dead horse, huh?