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Old 09-25-2008, 11:00 PM   #496
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Is anyone paying attention tonight?

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Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night in the largest bank failure in American history.
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Old 09-25-2008, 11:04 PM   #497
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It's definitely big news in my corner of the country. One of my coworkers' husbands works there. And that's where I keep my meager checking account.

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Old 09-25-2008, 11:05 PM   #498
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^Oh boy, more good news! I honestly don't even know what to say anymore.
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Old 09-25-2008, 11:08 PM   #499
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I honestly don't even know what to say anymore.
I suggest something along the following lines:

"Hmm, keeping my money in my mattress doesn't seem like such a bad idea anymore."

or

"Because you have ridiculous charges for overdraft fees, WaMu, let me express my schadenfreude accordingly: HA HA!"

or, simply

"Hey, pass the vodka, will you?"
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Old 09-25-2008, 11:09 PM   #500
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Is anyone paying attention tonight?
Obviously not many. They're all too busy still fretting about Palin.

This is NOT good news at all.

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Old 09-25-2008, 11:09 PM   #501
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All it would take at this point is for Americans to start withdrawing their savings and stuffing them under their mattresses for essentially complete economic collapse.
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Old 09-25-2008, 11:10 PM   #502
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Her best chance in the debates is via complete bamboozlement. I’ve had to read transcripts of some parts of the Couric interview just to figure out exactly what she’s on about. She might not be able to think on her feet, but she might well be able to catch Biden out stuck in a “WTF was that?” moment plenty of times. My first response would be to say, “Slow down, take your time, try and think it through first, don’t just start talking shit in the hope it will pull itself together somewhere along the way, none of us actually understand what you are saying”. Of course, that would be the end of Biden.
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Old 09-25-2008, 11:10 PM   #503
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Is anyone paying attention tonight?
NOT WAMU!!.. Actually, I thought it was discussed already.
It was seized by Federal agents.
It's history.

I've been trying to catch up and watch Jon Stewart hiding under his desk while he plays last night speech and the one Bush made for war, side by side. Just amazing the similarities.

He mentioned David Letterman's rant last night when McCain cancelled.
David's coming up, after this. I need all the laughs I can get.
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Old 09-25-2008, 11:13 PM   #504
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Obviously not many. They're all too busy still fretting about Palin.
Oh come on, now. So the only two options for Interferencers on a Thursday night are to either be hanging out in this thread or the Palin thread?

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Old 09-25-2008, 11:14 PM   #505
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All it would take at this point is for Americans to start withdrawing their savings and stuffing them under their mattresses for essentially complete economic collapse.
I've started giving some thought to buying up Krugerrands and/or moving to Canada if it gets real bad.
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Old 09-25-2008, 11:18 PM   #506
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COUNTRY FIRST.

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Inside an intense White House meeting over the financial crisis on Thursday, where nearly every key player came to an agreement on the outlines of the bailout package, Sen. John McCain stuck out. The Republican candidate, according to sources with direct knowledge, sat quiet through most of the meeting, never offered specifics, and spoke only at the end to raise doubts about the rough compromise that the White House and congressional leaders were nearing.

McCain's reluctance to jump on board the bailout agreement could throw the entire week-long negotiation into a tailspin. Sen. Chris Dodd, after leaving the White House, suggested on CNN that the tenuous process could be derailed by what he viewed as McCain's political motives.

"What happened here, basically, if you want an honest appraisal of the thing, we have been spending a lot of time and I am tired. I have spent almost seven straight days at this in trying to come out with a workout plan for our economy a rescue plan," said Dodd. "What this looked like to me was a rescue plan for John McCain for two hours and took us away from the work we are trying to do today. Serious people trying to do serious work to come up with an answer."

According to the source with knowledge of the White House gathering -- which featured both presidential candidates, congressional leaders and the President -- virtually ever key figure in the room, save McCain and GOP Sen. Richard Shelby, were in agreement over a revised version of Treasury Secretary Hank Paulson's plan.

Towards the end, McCain finally spoke up, mentioning a counter-proposal that had been offered by some conservative House Republicans, which would suspend the capital gains tax for two years and provide tax incentives to encourage firms that buy up bad debt. McCain did not discuss specifics of the plan, though, and was non-committal about supporting it.

Paulson, however, argued directly against the conservative proposal. "He said that he did not think it would work," according to the source. At another point in the meeting, President Bush chimed in, "If money isn't loosened, this sucker could go down" -- and by sucker he meant economy.

ABC News reported that, following the meeting, Paulson "walked into the room where Democrats were caucusing...at the White House and pleaded with them 'please don't blow this up.'" But this story isn't incomplete, according to sources.

Democrats stayed talking in the Roosevelt room and Paulson approached them. After his comment, Speaker Pelosi and Rep. Barney Frank shot back that the real problem was with House Republicans. Paulson replied, "I know, I know."
At White House, McCain Plays Bailout Spoiler
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Old 09-25-2008, 11:42 PM   #507
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Originally Posted by corianderstem View Post

"Hey, pass the vodka, will you?"
I vote for this one.

ETA: Although, since I'm with Chase Bank, that won't be necessary for me since they apparently bought WaMu. So, I'll be expecting the money from your checking account to be transferred into my checking account by tomorrow morning.
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Old 09-25-2008, 11:47 PM   #508
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I hope you enjoy the $15.26.

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Old 09-25-2008, 11:48 PM   #509
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I hope you enjoy the $15.26.

I'm a college student. I appreciate any money that comes my way.
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Old 09-25-2008, 11:50 PM   #510
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Well be lucky you're not a shareholder - they were wiped out tonight.
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