Comments on: Wall Street Boosted By Cabinet Pick News

Dow Jumps 500 Points On Report That Obama Plans To Name Timothy Geithner As Treasury Secretary

[kansas1946]

******* all you who voted for Obama ..


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Posted by WarDogLRS at 07:34 PM : Nov 21, 2008
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LOL. God is going to be busy ''cause "we" is a lot of folks! Lighten up. Anything is better than Bush and we put up with him for eight years. Of course, it will probably take eight years to clean up his mess, or maybe a hundred years.

[andykinla]

Google:

Zeitgeist Addendum
123 min

and

The Money Masters
215 min

Once you''ve watched either, you''ll come out with an entirely new vision on the Federal Reserve and Wall Street. However, beware, you may not like what you learn.

[donbl1]

anon, the markets tanked before the election. It started in September.....

You have short term memory loss?

[rudy6543]

Posted by WarDogLRS at 07:34 PM

And may a plague of gnats fly up your nose.

[wardoglrs]

******* all you who voted for Obama ..

[wardoglrs]

In 2002 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. He then worked for the International Monetary Fund as the director of the Policy Development and Review Department until moving to the Fed in October 2003.[4] In 2006 he became a member of the influential Washington-based financial advisory body, the Group of Thirty.

On November 21, 2008, it was reported that President-elect Barack Obama had decided to nominate Geithner for the position of Treasury

[solarrays247-2009]

Give me a break.

The market goes up and down for a million reasons.

It doesn''''t go up just because a certain person is named treasury secretary.

You media people need to quit writing dumb stories and stop guessing why the market goes up and down everyday.

Posted by shanev137 at 06:46 PM : Nov 21, 2008

I don''t mean any disrespect, but how many years have you been following the market? Just curious...because your statement speaks volumes about your lack of experience.

[trillion1]

For the rightwingnuts when the market drops it''s because of Obama but when it gains because of something he''s done he had nothing to do with it. No wonder you''re so marginalized.

[shanev137]

Give me a break.

The market goes up and down for a million reasons.

It doesn''t go up just because a certain person is named treasury secretary.

You media people need to quit writing dumb stories and stop guessing why the market goes up and down everyday.

[clovisbuford]

"The new treasury secretary is the same guy that was on the watch of AIG and Lehman Brothers. great job!
Posted by staplesla at 05:32 PM : Nov 21, 2008 "err he was resposonsible for them as a member of the fed from new york ? really? and from what soource did you glean this was his oversight? so the fed members individually are resposnisble for oversight of specific companies , . I think iwillhave to diagree . I will say when paulson as tresury secretary said this was unforseeable , he was full of it , when right before the lehman brothers , AIG debacle etc . he said things were fine. I wouldnt lay this on the federal reserve ,except for m,aybe pror policy set by greenspan and his unwillingness to regulate .of course i tend to go back and read more than this weeks news ,and never listen to talk radio , that way lies madness and ignorance.

[clovisbuford]

obama needs to stop being so secretive and make press releases as soon as he decides on someone for his cabinet or any other key job on his staff. the nation needs news of obama''''s moves so the economy can stabilize and move forward. too many are suffering for obama to play the "i got a secret, i got a secret" political game. spit it out, man!
Posted by longtree at 06:32 PM : Nov 21, 2008
err he is not president yet ,where is GW? its not obamas game until jan 20th . its still Bushs government , republicans should be on His behind to show a little leadership,we are a demcoracy and the transisiton does not happen till 1/20/09 , the end of an error , first round is on Me

[longtree-2009]

obama needs to stop being so secretive and make press releases as soon as he decides on someone for his cabinet or any other key job on his staff. the nation needs news of obama''s moves so the economy can stabilize and move forward. too many are suffering for obama to play the "i got a secret, i got a secret" political game. spit it out, man!

[clancy49]

Sure Wall Street rallied. It is another fox in the chicken coop. Welcome to American Economic Slavery. Wall Street and the greed is rest assured it can continue to fleece Americans and take all the money now the Federal Reserve bank is behind them. Greed and Corruption flourish. Yes, Obama is another Lincoln. Lincoln was not about slavery, he was all about maintaining power for the industrial north. Yes, history repeats itself. And we the people remain economic slaves.

[kuei12]

If you think this will help wallstreet you are foolish. Next week it will tank again. Why? Because there are no more safety protocols in the stockmarket anymore. If you knew how the fed reserve and fdic held WAMU and LEHMAN brothers at gunpoint and let companies like JPM CHASE steal all their assets in one bid auctions (HALIBURTON style) you would never invest in financial stocks again. Shareholders were flat out robbed and the government held the gun. The politicians got paid and everyone else but the stockholders. The $700billion bailout has benefitted nobody except bankers and bush''s cronies, as I predicted. It was the biggest scam played on americans since bush''s wars.
Go ahead. Watch the video. I dare you.
http://www.youtube.com/watch?v=pd_zI1FNIJ0

[susanhelit]

Competent leadership - one more of Obama''s great changes from Bush - and the market reacts well to it. And that''s going to include a fair number of Clinton people - because he too hired competent people who did a great job for our economy.

[whitemale08]

"Welcome-rally" is good but it won''t get us out of the Bush/Hannity/Limbuagh-depression that we are all suffering.

I hope Tim will have the guts to STOP THE BAILOUTS and call in Lyndon Larouche for advice. It''s the only way to get ourselves out of this Bush/Hannity/Limbuagh-Depression.

larouchepac.com

[staplesla]

The new treasury secretary is the same guy that was on the watch of AIG and Lehman Brothers. great job!

[dkhorse1]

Manufacturing goods and exporting them is what produces income for the economy; service sector jobs just maintain it, barely. The U.S. used to be primarily manufacturing, but is now primarily service sector.

I%u2019ve not heard anyone in government talk about bringing manufacturing back to America, sure Obama has talked about tax incentives to keep jobs here, but they need to be brought back, most have already been sent overseas. The ones left are here because it%u2019s not cost effective to move them overseas.

I guess we have to wait until it more cost effective to manufacture goods here in America then in China, India, Canada or Central/South America (at rate things are going it won%u2019t be long). What a state America will be in by that point.

[cpelzar--2008]

"The advance in stocks also came as the FDIC said it would guarantee up to $1.4 trillion in U.S. banks'' debt for more than three years as part of the government''s financial rescue plan. The directors of the Federal Deposit Insurance Corp. voted Friday to approve the plan, which is meant to break the crippling logjam in bank-to-bank lending."

Hello, This is the reason the market went up today. Not Obamas picks, please......

[generey]

Obama is just going to be a figure head and nothing more.

Posted by oldtimer1941 at 12:15 PM : Nov 21, 2008

Thats all any Pres is to a certain degree. They have the power to violate other nations and persecute humans, but a figure head no less. "All the President''s men (& women)" run the office. BUT so far PRESIDENT Obama is making good decisions, & he has''nt even moved into the house yet!