The coming financial crisis

[MadMarchHare]

I came into the middle of the story, so I didn't catch who said it, but one of the conservative congressmen said the way to solve this problem is to eliminate capital gains tax.

Are you farging kidding me?  Really, you think that's going to help?  Seriously?  We need to consider building some guillotines and digging out the torches and pitchforks at this point.  Culling Congress may be the only hope.

[Phanatic]

Slimey people beget slimey results.

Read that there's a big back lash against CEO salaries. While I kind of agree I don't think you can regulate something like their salaries.

[rjs246]

Slimey people beget slimey results.

Read that there's a big back lash against CEO salaries. While I kind of agree I don't think you can regulate something like their salaries.

That doesn't mean that the government won't try. Kneejerk politics kicks ass.

[PoopyfaceMcGee]

That's the only kind of politics the dumb-ass American public responds to.

[rjs246]

Many top Economists deride the bailout plan

Extremely concise and right on the money. This shtein had better not fly right through congress...

[reese125]

yes...very concise...but Im looking for something a little more precise...especially from top economists around the nation

thats great and all that they voiced their opinion...might not cut it

[rjs246]

No one cares what you're looking for, reese.

[reese125]

I know....thank god youre here because we all care what rjs is looking for in life

[rjs246]

I know.

[PoopyfaceMcGee]

The level of detail is such that the Bush administration might actually understand it.

[reese125]

as crazy as it sounds....amongst all this chaos, bailouts and restructuring...if you have the cash...now is the time to buy some stocks

once this bear market ends, you will see the stock market take a major jump over the next 6-12 months

[PoopyfaceMcGee]

I don't understand how that could sound crazy to anyone.  Dollar-cost averaging is a basic fundamental of investing.  Even if the market hasn't hit bottom yet, it pays to reinvest as much as possible when prices are discounted.

Not many people have cash sitting around, I'm sure, but now is certainly the time to benefit from the uncertainty of others.

[rjs246]

True, but I don't think we've seen the bottom of this stock market drop yet. When the bailout measure meets continued broad opposition from fiscal conservatives investors will freak.

[reese125]

I don't understand how that could sound crazy to anyone.  Dollar-cost averaging is a basic fundamental of investing.  Even if the market hasn't hit bottom yet, it pays to reinvest as much as possible when prices are discounted.

Not many people have cash sitting around, I'm sure, but now is certainly the time to benefit from the uncertainty of others.

no question...and dont just look at individual stocks. To play it safe, you can always put some cash in the S & P index and wait for the turn-around.

Oct 11 07--$101.48

Now-- $51

[PoopyfaceMcGee]

True, but I don't think we've seen the bottom of this stock market drop yet. When the bailout measure meets continued broad opposition from fiscal conservatives investors will freak.

The craziness is that both sides of the aisle think the Bush plan sucks.  It looks like Dodd is finally ready to man up and stop helping his buddies in industry also.