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

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by mikezembill November 21, 2008 2:47 PM EST
tHE GRAMM-LEACH MODERNIZATION ACT IS TO BLAME FOR THIS IT REPEALED THE GLASS-STEAGALL ACT. IT WAS VETOED BY CLINTON THEN OVERIDEN BUY THE REPUBLICAN CONGRESS AND MCCAIN VOTED TO OVERIDE LNO.106-102.113STAT 1338 NOV 12 1999 SO IF YOU WANT TO CONTACT MR.GRAMM CHECK WITH JOHN MCCAIN HE WAS ONE OF HIS ADVISORS IN HIS RUN FOR THE WHITE HOUSE. HE WAS THE ONE THAT WANDED TO RUIN YOUR HEALTH-CARE GRAMM TRIED THIS BEFORE.SO IF YOU WANT TO HUNT HIM DOWN FOR WHAT EVER REASON I THINK HE IS STILL IN TEXAS.
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by getoffmine1 November 21, 2008 2:34 PM EST
"With the Democrats in control, look for another speculative bubble like the Roaring Nineties."

Wouldn''''t that be great? Low unemployment, no debt. Economic stability that will take 8 years of Republican rule to destroy.

Yes we can get back there.

Posted by mecury69 at 10:57 AM : Nov 21, 2008

i think they tried that just this past year. when the housing bubble startted to burst they tried to create an energy bubble by artifiacally inflating prices and saying it was based on increased demand. Once it got to $4.00 per gallon people finally cut back, and cut back by large amounts. They got greedy, if they would have kept the price around $3.00 the economy would probably be moving ahead at full steam.
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by mikezembill November 21, 2008 2:28 PM EST
PHIL GRAMM BLAME HIM FOR THIS.
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by easeup-2009 November 21, 2008 2:22 PM EST
Bush should leave now and the Presidency can sit vacant for a few weeks. It would be an improvement.

Posted by presjfk at 10:43 AM : Nov 21, 2008

I can''t wait until the random, childish irrelevant Bush bashing is over.
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by txgrouch2007 November 21, 2008 2:05 PM EST
Yes we can get back there.
Posted by mecury69 at 10:57 AM : Nov 21, 2008

You WANT another speculative bubble? You would.

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by mecury69 November 21, 2008 1:57 PM EST
"With the Democrats in control, look for another speculative bubble like the Roaring Nineties."

Wouldn''t that be great? Low unemployment, no debt. Economic stability that will take 8 years of Republican rule to destroy.

Yes we can get back there.
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by presjfk November 21, 2008 1:43 PM EST
Bush should leave now and the Presidency can sit vacant for a few weeks. It would be an improvement.
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by presjfk November 21, 2008 1:41 PM EST
There is no mention of the possible buyer in the article. What could be the reason, that the buyer might be from the Middle East? Our free press sucks.
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by bladdy10 November 21, 2008 1:31 PM EST
Stop wasting your time trying to find blame.

If you want to save you family before you all end up in a homeless shelter then go to The Benefactor Project.com and use the advice there. It''s free, no sign ins.
http://www.thebenefactorproject.com
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by newsjunky5 November 21, 2008 1:21 PM EST
Funny, but they don''t mention the prospective buyer. It''s Saudi Prince Alwaleed Bin Talal, who made his first fortune buying bank stock back when Bush Sr. ran the banks into the ground.
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by getoffmine1 November 21, 2008 1:13 PM EST
This is not what is causeing the jump in the market, it is the actions of the plunge protection team. It will start falling in the afternoon, just watch.
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by whitemale08 November 21, 2008 1:13 PM EST
Rockerfellers in trouble?

NOT!!!!

Ben Bernanke said: "Citi-cank is one of [founding] apostles of our financial system and one of the 9 institutions chosen to not fail".


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Posted by whitemale08 at 10:06 AM : Nov 21, 2008--

Rockefellars takes a line from Palpatine in STAR WARS Episode III..."I am the [Senate] Fed"!!!
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by whitemale08 November 21, 2008 1:06 PM EST
Rockerfellers in trouble?

NOT!!!!

Ben Bernanke said: "Citi-cank is one of [founding] apostles of our financial system and one of the 9 institutions chosen to not fail".
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by txgrouch2007 November 21, 2008 12:35 PM EST
It may be a bumpy ride for the next 6-12 months.
Posted by wiswolf2 at 09:31 AM : Nov 21, 2008

At LEAST that long.

With the Democrats in control, look for another speculative bubble like the Roaring Nineties. Then it will burst and trigger more shock waves - who knows when.

It could be a generation before the market stabilizes again.
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by txgrouch2007 November 21, 2008 12:33 PM EST
After all it was the Reagan and Bush policy of de-regulation that is largely responsible for the mess we are currently in!
Posted by nolalou at 09:21 AM : Nov 21, 2008

See, what did I tell you. They will spend the next eight years BLAMING REAGAN, while they re-elect the Democrats all along.

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by wiswolf2 November 21, 2008 12:31 PM EST
The gyrations on Wall Street is called "pump & dump", I beleive. Profit-taking is like a vacuum cleaner in our monetary system. Soon, there will be no room for speculation and stock prices will reflect ONLY the actual value of hard assets and inventory. Perhaps this is a good thing: establish a "floor" of actual value, then begin working from there. It may be a bumpy ride for the next 6-12 months.
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by txgrouch2007 November 21, 2008 12:31 PM EST
So when the economy reverses and heads higher in the summer, that will all be the democrats doing as well hunh?
Posted by usclimey at 09:19 AM : Nov 21, 2008

HAR, HAR, HAR! Let''s wait until that happens before we start counting our chickens, SHALL WE????

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by violist47 November 21, 2008 12:23 PM EST
Oh where oh where has that 700 billion gone?
Oh where oh where can it be?
With its bailout cut off and its tears cut long,
Oh where, oh where can it be?
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by nolalou November 21, 2008 12:21 PM EST
I can''''t wait until the Democrats take ABSOLUTE POWER next year.

DEMOCRATS WILL BE TO BLAME for EVERYTHING from then on.
Or will they spend the next eight years blaming Bush - and REAGAN??? LOL!
Posted by txgrouch2007

Well, the Republicans and Bush administration still blames Clinton, so why shouldn''t Obama blame Bush! After all it was the Reagan and Bush policy of de-regulation that is largely responsible for the mess we are currently in! You think that''s something to laugh about, you f-ing MORON!!!
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by usclimey November 21, 2008 12:19 PM EST
I can''''t wait until the Democrats take ABSOLUTE POWER next year.

DEMOCRATS WILL BE TO BLAME for EVERYTHING from then on.

Posted by txgrouch2007

So when the economy reverses and heads higher in the summer, that will all be the democrats doing as well hunh?

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