BAILOUT [strike]STRUCK DOWN[/strike] PASSED DOW PLUMMETING!

The 700 billion dollar bailout just got voted down in the House and the markets are fucking plummeting. ITS A GOOD THING THEY SUICIDE PROOFED THOSE SKYSCRAPERS

POW BITCH

Where did you hear that

This is live, sucka!

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lookatdat rebound

I think we have different definitons of voted down

I mean they are still voting, and the bill will pass btw

SHIT SHIT SHIT FUUUUUUUUUUUCKKKKK

:siren:

There's one vote left, and they're gonna hooooooooooooooooooooooold oooooooooooooooooooooon to that vote, but there's still a 20+ spread

$700 Billion is almost too much for me to get my head around. Can someone summarize why people are for or against the whole thing? Stock Market, 401k, Mortgage, etc., all that kind of stuff, was never my strong-point.

I'm for one glad. Not glad to see the market plummet, but to see that $700 billion won't be spent to bail out irresponsible banks (and of course, stupid people).

I'm sure the agreement will be reached wherein tax payers will be responsible for some sort of bailout (sadly), but not $700 billion worth.

Bill is dead

I'm rushing for Mexico before the dollar loses all value

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World markets are all going down.

All except Norway. =I

This fucking made my day. I've been against this bail-out, and I'm glad to see it crash and burn. The vast majority of the US opposed this, but, much like the illegal amnesty attempt, people in Washington tend to meander away from their constituency often.

Might not end well, but I seriously doubt that the bail-out would've helped at all. The government intervening in economical matters never ends well

Welp, I guess the near future will be the coolest time to be a communist, so let's get things started early.

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Originally Posted by Gechmir

Might not end well, but I seriously doubt that the bail-out would've helped at all. The government intervening in economical matters never ends well

Not to mention the principles it expresses: fuck shit up bad enough, and we'll bait you out. Doesn't matter how much you made off the deal! Consider it a gift from the US Government compliments of the tax payers.

I just don't like to see the market do so poorly, honestly. Especially internationally. Suppose it's the natural way of things, though.

Hope you're ready to trade that goat to Fedex for them to ship your mushroom out for you, Sassu~

First gas shortages all over the country and now this. Hopefully this isn't the beginning of the end for the U.S. economy...

*Laughs at investors losing 400% of their net value*

Just because it's on the front page of CNN:

Holy shit, do you have any IDEA what this will do to your economy? This is not the time to be cheering because your tax dollars are safe, because it WILL come back to bite you in the ass. Yes, the banks have been acting like kids who got their hands on daddies credit card for the first time, but you should be beyond laughing at them, because you're now dealing with preventing the downfall of the ENTIRE economy, not just the financial section. It's the Great Depression all over again (you know, when your government couldn't agree how to help out of fear of some financial socialism, leading to the collapse of the entire system).

For those wanting to know, here's the final vote results:

http://clerk.house.gov/evs/2008/roll674.xml

A lot of people are claiming this is going to turn into another Great Depression, but the problems with Black Friday ended up being exacerbated because the Fed sat on their hands while there was a monetary constriction.

What we're seeing right now is a massive market correction, and the numbers will reflect the reality of the recession we've been in. Now, if the markets drop 1000 points and trading freezes, that's the time to really be worried.

Now is also the time for the Dems and Repubs to seriously think about what they can do to reassure the markets, but I'm not sure anything short of nationalizing all the insolvent banks is gonna work.

Am I the only one (besides Brady apparently) who thinks this is decidedly not the time to crown ourselves with laurels because our side of the argument won?

Seems like maybe partisan idiocy might want to be set aside and maybe, you know, you can all get something done. For a change.

Just saying.