what was the 1.2 trillion if not a bail out?

[DianeK]

The market already bailed this thing out with 1.2 trillion of our money and what's more, it was a fair bail out. We do not need to go forward with any more. In 1987 we lost 22 points in one day..much more than we lost on Monday..don't remember talk of a bail out then.

This is fear mongering at it's worst and it is instigated by greed. I urge the Senate to vote this down although I am sure they will fall in line as they all have shown to do.

[Cessna Invesco Palin]

1. Not sure I follow your logic. n/t

[DianeK]

2. the 1.2 trillion drop on Monday was..

in my opinion a correction to the market. If we had infused the market with the 700 billion on Monday perhaps the market would not have dropped that far..but it did so in my mind the market grabbed it's bail out when one was not provided....we have seen wild fluctuations in the market in the past and we have seen the market correct itself. What is different now? A Presidential election?

[pnutbutr]

4. not getting

how you see a $1.2 trillion loss in the market as grabbing a bailout.

[rainy]

5. The savings and loan bailout?

[Cessna Invesco Palin]

7. How is the stock market losing money a bailout of anything?

I'm sorry, but that makes no sense.

[pnutbutr]

3. market lost

1.2 trillion on Monday and dropped 770 points.

[DianeK]

6. We have seen far worse and typically the market corrects itself..

Not withour pain, of course..but the pain is spread evenly and fairly..as it was in 1987 and as it was on Monday.



'In percentage terms, it was only the 17th-biggest decline for the Dow, far less severe than the 20-plus-percent drops seen on Black Monday in 1987 and before the Great Depression.'

http://biz.yahoo.com/ap/080929/wall_street.html

[gatorboy]

8. When did I log onto Fucking Bizzaro DU?

Haven't we been discussing for months here about how dire the economy has gotten? Suddenly everything has turned around? What brought that on??? :wtf: