Wall Street in risk? falling?

[packercolinl]

Well said Dave!

[commoner]

...mmm... a lot of sense spoken there Dave...and tell you what?...you could just as well have been talking about "GREAT" Britain....turn any product you buy now over and guess what you see?...Made in CHINA......Every f***ing thing is made in China...I bought some toothpicks last weekend...MADE IN CHINA ..like we can't make toothpicks anymore here in Britain...............

I agree that this could be the shake up/warning call that we all need, lets all start making our own bleedin' toothpicks and whatever else we need........commoner

[Alejandro Rhodes]

"Made in America" should mean something again...

all what we use , all tools ,computers ,television sets food, good stuff when I was a very little child have a sticker that said Made in USA, Made in Unite States, Made in Chicago Ill. USA a long time ago this dissapear for made in Japan, made in China , Mexico, Tailand etc The American companies are the owners, but they gave others the benefith of the hand working everything!!

Its good that USA use hand work from China, Malassia, etc because they help people with needs (The Mexico Border Its fully American Companies,Like RCA Zenith just in the field of TV sets), I understand its better to paid $25cent USD an Hour than 15$USD which is the hand facturing paid in USA ,Couldn't be this part of the problem?

Look at your computer the motherboard, the video card, Look around your Room where you are and find something made in America

[packercolinl]

Things will change.

As the other economies in the world change and their citizens demand more improvement in their lives there may be a shift to equality(long time coming).

The rise of the Asian economies is already making its presence felt. A number of the companies that outsourced services to India,for example,decided,due to the increase in wages that Indian workers demanded,that they may need to bring those services back onshore. This applies not only to the US.

Perhaps over a period of time economic pressure rather than political pressure will provide an answer to some our problems.

We move toward a true world economy maybe.

Col.

[Mushroom_Farmer]

 A while back I read the book "Noble House" which is about greed, corruption, short trading, and the manipulation of the stock market.
 A few months after I read " A Green Desire" which is about two brothers of opposite character. One only wants wealth and doesn't care how he gets it and the other wants to make his way by hard work and salemanship. It takes place before, during, and after the crash of '29. While reading it I came to realise much of what happened then was happening now. I even told a few people they better whatch thier finances. Actually, I've been saying that for for the past ten years.
 Very strange.
 

[tcco94]

Well there goes WaMu

[Wii]

Well there goes WaMu

No sh*t!

[Steve M]

An analyst on a radio talk show yesterday said that the US would be able to recoup a portion of this bailout money because they then become the owners of all these proprties and assets in default. So when and if things improve they could be resold back to the public. Anyone out there have another angle on this? And yes, I know it's a loss of money but would it be as huge? :-/  

[JSpahn]

An analyst on a radio talk show yesterday said that the US would be able to recoup a portion of this bailout money because they then become the owners of all these proprties and assets in default. So when and if things improve they could be resold back to the public. Anyone out there have another angle on this? And yes, I know it's a loss of money but would it be as huge? :-/  

That sounds fine and dandy if you have faith in the greedy

[Steve M]

Yes in my first reply I would have shown that I hold no faith in the greedy. Anyhow its friday. Have a nice weekend

PS. I am a new guy to simvation so I hope my replies are in line and on subject.
                  Steve  

[Brett_Henderson]

[quote]An analyst on a radio talk show yesterday said that the US would be able to recoup a portion of this bailout money because they then become the owners of all these proprties and assets in default. So when and if things improve they could be resold back to the public. Anyone out there have another angle on this? And yes, I know it's a loss of money but would it be as huge? :-/

[Steve M]

Yup. Brett you nailed it.
Actually in each and every reply.  ;)

[DaveSims]

My question is, after the government prints all this money and hands it out, where does it go?  The little guy who has defaulted on his mortgage won't see it, the people who have lost everything in this mess won't see it, just the "banks".  The "banks" are the ones who made the bad investments.  If I made a bad investment and lost money, who's going to bail me out.  

My one political statement, then I'm going home!  It should be a federal offense for a politician to accept donations (aka bribes) from anyone.  We manage to monitor all college athletes and their sources of incomes, why not do the same to politicians.  They were elected to represent the people, not the 1% that can afford their ear.  

Good night!  8-)

[Mushroom_Farmer]

[quote]My one political statement, then I'm going home!

[commoner]

...mmm....WELL, looks like the US aren't going to "Save The World" after all.........thrown out the $700 billion deal I see..........

PM Brown reaction?..."disappointing ".....not so some other comments ....

"Speaking on the BBC's Newsnight programme, EU Trade Commissioner Peter Mandelson expressed concern at the failure to agree a bail-out deal.

"I feel they've taken leave of their senses, and I hope that in Europe, we will not see politicians and parliamentarians replicating the sort of irresponsibility and political partisanship that we have seen in Washington," he said"

Whooo!...why not just say what you think Peter my son. Don't beat about the bush.....

............commoner