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Old 09-25-2008, 10:09 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, 10:10 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, 10:10 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, 10:13 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, 10:14 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, 10:18 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, 10:42 PM   #507
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"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, 10:47 PM   #508
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I hope you enjoy the $15.26.

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Old 09-25-2008, 10:48 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, 10:50 PM   #510
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Well be lucky you're not a shareholder - they were wiped out tonight.
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Old 09-25-2008, 10:50 PM   #511
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Must say I'm rather proud of my states Representative, Richard Shelby and Jeff Sessions. Neither of who I supported in their elections, but whatever.

Richard Shelby:
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WASHINGTON (CNN) -- Congressional leaders say they are near an agreement on a $700 billion bailout package for Wall Street, but many Republican members of Congress are still balking at the deal.

"It will not solve problems, it will create more problems, we're rushing to judgment, that we do have stress in our market, but this is not the best way, we ought to look at alternatives," Sen. Richard Shelby, R-Alabama, said after emerging from a meeting at the White House with President Bush, congressional leaders and the presidential candidates.
Shelby, the top Republican on the Senate Banking Committee, said he did not believe an agreement had been reached, noting a group of leading economists have called the bailout a bad plan.
If Republican opposition to the plan persists it could prove to be a major stumbling block to final passage of the bailout package, which congressional leaders and the White House say must pass by the end of the weekend.
Jeff Sessions:
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"I'm not on board yet. I want to see this thing," Sen. Jeff Sessions, R-Alabama, said. "What I don't like about this -- and I'm very, very worried about it -- I think this is probably the greatest concession of legislative power in the history of the republic, almost."
'Major' GOP opposition to bailout plan remains - CNN.com
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Old 09-25-2008, 10:51 PM   #512
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Well be lucky you're not a shareholder - they were wiped out tonight.
Its times like these I'm glad I'm not wealthy enough to own stock.
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Old 09-25-2008, 10:52 PM   #513
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Expect home invasions and robberies to be on the rise as more and more banks close. I think it's time to buy everything you might need and just live paycheck to paycheck now.

Gold is a good start.
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Old 09-25-2008, 10:52 PM   #514
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According to one GOP lawmaker, some House Republicans are saying privately that they’d rather “let the markets crash” than sign on to a massive bailout.

“For the sake of the altar of the free market system, do you accept a Great Depression?” the member asked.
Does anybody think they will shut down the stock exchanges at some point tomorrow? Will it come to that?
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Old 09-25-2008, 10:52 PM   #515
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I'm sure. I just hope my friend's husband still has a job when the dust settles.
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Old 09-25-2008, 10:53 PM   #516
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Does anybody think they will shut down the stock exchanges at some point tomorrow? Will it come to that?
What could be the ramifications of that?
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Old 09-25-2008, 10:54 PM   #517
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Its times like these I'm glad I'm not wealthy enough to own stock.
My company's stock dropped quite a bit over the last year. It's a bummer, but the options I have can sit there until the cows come home, and hopefully the price will go back up again. If not, oh well. It's not like I have enough in there to make me jump out a window if they don't go back up.
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Old 09-25-2008, 10:54 PM   #518
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Its times like these I'm glad I'm not wealthy enough to own stock.
Except that in this day and age it isn't just the rich that own stocks.

You could be a relatively poor person with a company pension plan and if that plan had been investing in the wrong things, bye bye retirement money.
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Old 09-25-2008, 10:56 PM   #519
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Except that in this day and age it isn't just the rich that own stocks.

You could be a relatively poor person with a company pension plan and if that plan had been investing in the wrong things, bye bye retirement money.
That is very true. I was just speaking for myself seeing as I'm not in the position to personally invest or have a company pension investment plan either. I should have put that differently.
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Old 09-25-2008, 10:56 PM   #520
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Heck, I'm starting to feel happy that I'm a renter and don't have a mortgage these days.
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