Comments on: Dow Falls Off A Cliff

679-Point Stock Swoon Pushes Blue Chip Index Below 9,000 Mark For First Time Since 2003

[getreeltex]

In just 8 short years, Bush and his neocon buddies have accomplished what no terrorist ever could.

They''ve bankrupted the country and brought the economy to it''s knees.

Stay the course with McSame?

Thanks but no thanks!

[dcitizen-2009]

Bush & Paulson don''t get it; Bernake & the Fed don''t get it; Congress has its collective head up ...you know what. Trickle-Down economics is a Reagan era myth.Until the Masters of the Universe and screw their heads on straight and understand bottom-up, Bubble-Up, economics, things will only get worse. The first thing that needs to be done is to establish, by law, a nationwide cap on all retail interest, including fees, at 12%; credit cards, pay-day loans, every form of interest or fees charged for a loan. This would be a start to putting the U.S. financial house in order. http://socrates911.blogspot.com

[t_barr]

FACTBOX - Lehman CDS settlement Auction Timeline
www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN0841811720081008

''The value of credit default swaps backed by defaulted Lehman Brothers bonds will be set on Friday, with protection sellers expected to face massive losses of around 90% of the insurance they sold.

Bondholders have seen their investments virtually wiped out by Lehman''s bankruptcy filing on Sept 15, with most of the defaulted bonds which will be used to settle the swaps trading in the area of 12-to-13 cents on the dollar, according to MarketAxess.

The auction to settle credit default swaps on this debt will likely be the second largest settlement of the contracts in the $55 Trillion market, following an auction to settle swaps on Fannie/Freddie on Monday.

22 dealers will participate in the auctions, which will determine how much protection sellers will recover after paying out the insurance. The timeline for the auctions follows, according to JP Morgan... 2 pm - The final price of the auction will be published.''

Come 1401 EDT, a few CDS Insurers will most likely declare Bankruptcy.

Sell-off Tsunami
Japanese stocks plunge more than 11% in early Trading
www.marketwatch.com

Asian Stocks Plunge as Credit Crisis Widens; Nikkei Tumbles
www.bloomberg.com/apps/news?pid=20601087&sid=a0.6TPDSO4sM&refer=home

Bush to make statement Fri after market volatility
www.reuters.com/article/bondsNews/idUSN0925109220081009

[standlee5]

Support your local small businesses, they''ll need all of our support during these times.

[itdfactsu]

Posted by legacyABQ at 10:47 PM : Oct 09, 2008


I agree when it comes to helping those in need at during these difficult times

But the Internet is full of right wing flamers just like talk radio etc

And they have to be dealt with

However when an American is hurting or in need I don''t ask them for their political ID in order to decide if I can or will help

[legacyabq]

: )

[samthetvcat]

---"Well, understanding and empathy will hopefully do us all some good.. We have a rough road ahead, and all us americans are going to have to face it together..Remember people, left or right, we are fellow citizens, who will sink or swim TOGETHER!
:) Good night, and good luck!"---
Posted by legacyABQ

mcvet''s a good man, and very passionate about his politics! Yes we do always prevail, and I share in your optimism - well said!

Have a nice evening :)

[mrmike1001]

The reason the markets are falling is because everybody wants to get out before Obama because president and raises the taxes. Funny how none of the talking heads wants to talk about it but the ones selling stocks are scared Obama will screw everything up so they are getting out now, if McCain rises in the polls the markets will go up.

[legacyabq]

Well, understanding and empathy will hopefully do us all some good.. We have a rough road ahead, and all us americans are going to have to face it together..
Remember people, left or right, we are fellow citizens, who will sink or swim TOGETHER!
:) Good night, and good luck!

[mrmike1001]

The reason the markets are falling is because everybody wants to get out before Obama because president and raises the taxes. Funny how none of the talking heads wants to talk about it but the ones selling stocks are scared Obama will screw everything up so they are getting out now, if McCain rises in the polls the markets will go up.