DISQUS

HereinDC · 1 year ago

ABC Evening News.....
McCain had that same commerical on..........the one where Palin Stopped the Bridge to Nowhere.

Geeze...They have no shame....None what so all....

High Crimes & Misdemeanors · 1 year ago

Does that mean we should secede from the Union Chris?

Seriously though, we have a criminal enterprise running the government and they have continued to LIE about the solvency of this Empire we call "America". And folks, just so you are aware of it, its not just American woes here, the international financial banking system is in a free-fall now.... Kinda like those towers on 911.... You'll be happy to note that at least one economist got it right and was telling your the truth: his name is LaRouche.

------------------------------------------------

CFTC Data Show Oil Futures Market Went Wild in July 2007, Confirming LaRouche Announcement That Crash Was Under Way

Sept. 4, 2008 (EIRNS)—Under intense Congressional pressure, even the Bush Administration Commodity Futures Trading Commission (CFTC), since late May, has been doing its job—investigating the commodities futures markets—and the results are getting extremely interesting.

Especially interesting, the results of interrogating the British Financial Services Agency about the Intercontinental Commodities Exchange (ICE) in Atlanta, which, incredibly, the CFTC had been allowing the British to "regulate" until $4 gasoline got Members of Congress screaming.

http://www.larouchepub.com/pr/2008/080904cftc_o...

hallam · 1 year ago

Maybe some inflation is what is necessary with the whole financial system in meltdown.

Better to have inflation than a slump.

KarenMrsLloydRichards · 1 year ago

Watch foreign investors pull out of the $ when they figure out they can't get a ROI on a low, LOW interest rate!

Soundboy_jeff_meanie · 1 year ago

so... should we celebrate that the Dow closed 4 points higher than the total loss for black Monday in 1987? (-504 as opposed to -508?)

hey mcsame... hows that American economy doing again??

jimfromthefoothills · 1 year ago

Hey C-I-P,

I am afraid that the US is about to lose a chunk of our financial services job. Wall Street is no longer the center of the world.

fuck

Bostonian_Queer_in_Dallas · 1 year ago

Oh you are so naive...don't you know that the nation rides on the backs of the middle class? That we fund their yachts? Their CEO bonuses? We get fucked year after year after year and beg for more because...Why?....

Caribou Barbie is the pretty little package the power elite give us and guess what? It works! It works very well, thank you. She's a real Murikan! She totes a gun! She's a working mom! Well working, her mom skills are shit.

Bend over American...they are about to fuck you again and there ain't no KY.

Soundboy_jeff_meanie · 1 year ago

We get fucked year after year after year and beg for more because...Why?....
---

because we're a nation of Masochists... as the 2004 elections showed... well, showed me anyway.

now bend over and take it like a man.

/snark

OneManComotion · 1 year ago

The banks can afford to give the borrower a break, no matter what they (the banks)are paying for money (3-4 % below what a buyer will pay). In order for the housing market to rebound the banks will have to share in the "blood leading" Give the money to the masses and get them into homes and not rentals. And should you not agree; you own property and need the person below you to buy the property you own.

Gorgonzola · 1 year ago

ABC, NBC and CBS all managed to report on the meltdown of our largest financial organizations tonight. Strangely, neither Bryan, Charles nor Katie mentioned that it all came about as a result of Republican support of deregulation of financial institutions. Deregulation has been standard Repub-fascist boilerplate dogma. Who can forget "Ole Folks" Reagan sermonizing about the "need to get government off the backs of our business people and free them up to do what we know they do so well." Of course, Dutch didn't mention that what they do so well is lie, cheat and steal. So the MSM gives McBullshit another free pass.

lucky hussein · 1 year ago

I heard in interview on cnn radio today, can't recall who it was, someone from lehman, but she said: 'I'm not surprised, this really business as usual, market's doing thier thing' Lehman has been around 125+ years - how is it 'business as usual' ?

tbhull · 1 year ago

This is as much about saving the government as it is about saving Wall Street. The cost of the bailouts includes interest on the debt.

FightForJustice · 1 year ago

Off topic but important. Ohio has a "golden week" - Sept 30 to Oct 6 - in which you can REGISTER AND VOTE all in the same day. On Dkos they are asking for volunteers, volunteers with vans, places to sleep in Ohio, and money to pay for things like gasoline and food. These people are literally going into the areas of Ohio that always get screwed on election day (urban and colleges) and getting these people and taking them to register and/or vote.. This is grassroots, they have an Act Blue page, and worth a read and if you can some support. Obama's ads may suck. His response may be too philosophical. We can sit and comment all day (and I certainly have), but here is a chance to find out about and support in so many ways, real people on the ground going out and getting the votes n Ohio..

http://www.dailykos.com/story/2008/9/15/154935/...

Copy and paste on to any blog you can log in to. Let's help get the vote out during "Golden Week" in Ohio.
50 days left. Please do something positive and active each and every day. Please, don't ever look back on this election and wish you had done more.

gonzalez · 1 year ago

Inflation. created by this fed in order to help Wall Street is killing the retirees. These past couple of years everything shut up 20 - 30 pecent and our retirement benefits do not increase - except for social security which increases about 2 - 3 percent per year. I still say that the Bush administration has lied to us about inflation. Inflation can not be 3 - 4 percent when everything has going up lots more. But then again, Congress does nothing to investigate the lies. We're doomed.

sukabi1 · 1 year ago

one of the stories I posted last night, a German economist was saying that the numbers the us government uses are not accurate, he went back to the formula that the us used in the 1980's and with that formula the inflation rate is at 10 - 11 %

there is an embedded video at that link, an interview with the economist... very interesting, and troubling... rough ride ahead.

gonzalez · 1 year ago

!0 - 11% inflation rate I believe. Remeber who changed the numbers used to calculate inflation? I believe it was during the Reagan years. The democrats are sooooooooooooooooo weak!

lucky hussein · 1 year ago

I hope you're right Chris....

Busboy · 1 year ago

Hey, Chris. At this time the fed has to follow the markets. The scare factor shunted a huge amount of cash into treasuries. You want the Fed to charge more than the market rate?

Busboy · 1 year ago

Oh, and yes; all of us oldsters are being screwed out of our SS benefits. But, they weren't really our's anyway, were they? It's just a giant ponzi scheme which they can't let go bust. So, they'll increase the age of entitlement beyond the normal lifespan (especially for blacks); tie the COLA to things that nobody buys and raise the salary cap ad infinitum until everyone is paying 15 % for something they'll never get.

Save for your own retirement. Don't let them fool you...

RonThompson · 1 year ago

Lord knows I'm no economist, but how is lowering interest rates inflationary? Don't lower interest rates reduce the cost of borrowing?

sukabi1 · 1 year ago

It's not just that, they've changed the rules, so now the banks can use DEPOSITOR money to keep afloat...

if you've got any savings in the bank, or your Grandma does, it might be time to think about something else, like safe storage in a coffee can or your mattress.

hawkseye · 1 year ago

WTF!!! Cheap money is what causes bubbles.

LawMichigander · 1 year ago

This is not fair, Student Loan interest rates remain at one the record peaks in history despite low Fed Interest Rates.