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How many of you who were watching tv tonight, after hearing Pres. Bush's speech on the proposed US Bailout Plan had the same thought immediately after it was over?

Whether you are for or against...

Man, I need to go put something about this on my blog so I can get some of that traffic that's going to be out there in the next couple days!
I know I did.
#bailout #plan
  • Profile picture of the author Tom Dean
    I posted just after the debate (on a clients blog) and am receiving traffic for a keyword that has to be trending up

    As far as for or against - I'm for it simply to protect the value of my portfolio.
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    • Profile picture of the author Bruce Wedding
      Originally Posted by Tom Dean View Post

      As far as for or against - I'm for it simply to protect the value of my portfolio.
      Exactly! I'm using it to give me time to get out of the market and into some other things that aren't about to drop like a lead balloon.
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      • Profile picture of the author Frank Bruno
        Yep There's a lot of financial news to write about lately....

        The economy is reverberating all the way down to the lower levels. I'm starting to pick up more clients and some of their fears are losing sales and traffic.

        Frank Bruno
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  • Profile picture of the author Tom Dean
    Same here.

    Better hurry
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    • Profile picture of the author vorales
      Well as far as US bail out plan is concern i am in favour of Bush Administration.

      Hank Paulson and Ben Bernanky what they are trying to do is just injecting these funds in to the Financial Market and get the bank back to work as before,and this money is most likely also to fix this crises and this thing should never ever happen again in future.

      The bail out plan is very necessarry for all the Americans as well as for us in Asia to as because of America our regional markets also facing crises and oue stcok mkt is also down and fears are there ,selling is taking place,no buyuing mood,every 1 is loosing money.

      Congress should approve this bail out plan as not only to benefit the American Economy but also the WORLD ECONOMY.
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      • Profile picture of the author Kay King
        I'm sure the bailout is very important in Asia - as foreign companies so far are being included. That's one big problem with it right now from my viewpoint.

        because of America our regional markets also facing crises and oue stcok mkt is also down and fears are there
        Hate to sound isolationist but if US taxpayers are to take a 70 billion dollar hit in the pocket, it's to save the US economy. The world economy will have to take care of itself for now and other countries should be looking at their own solutions rather than expecting the US taxpayer to save their economies.

        If you are blogging about this - I encourage you to take the time to understand what is going on and to separate fact from fiction/rumor. There are many top, knowledgeable sites that will have ongoing info about this crisis and the minute by minute accounts of action being taken.

        I think it's great that people get involved in this and are informed about this - but only if the information is accurate.

        kay
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      • Profile picture of the author D.K. Magnus
        I'm sure this sounds like a good idea to people in Asia, but this 700 billion dollars will have to be borrowed.

        The American taxpayer will be on the "hook" for it.

        And the bailout doesn't address the underlying causes, which means that it might not actually fix things, just delay the collapse of the "Global Economy".

        If the "housing bubble" is the underlying cause, as we've been told previously, ARMs will still have to reset, houses will still be foreclosed on and housing values will still continue to drop as there continues to be a glut of homes on the market.

        The American tax payer will still lose their jobs, absorb higher prices for food, gas, health insurance and home heating cost into their budgets, as their wages stagnate.

        Originally Posted by vorales View Post

        Well as far as US bail out plan is concern i am in favour of Bush Administration.

        Hank Paulson and Ben Bernanky what they are trying to do is just injecting these funds in to the Financial Market and get the bank back to work as before,and this money is most likely also to fix this crises and this thing should never ever happen again in future.

        The bail out plan is very necessarry for all the Americans as well as for us in Asia to as because of America our regional markets also facing crises and oue stcok mkt is also down and fears are there ,selling is taking place,no buyuing mood,every 1 is loosing money.

        Congress should approve this bail out plan as not only to benefit the American Economy but also the WORLD ECONOMY.
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        • Profile picture of the author Mal Keenan
          The smart IMers will be targeting the Guillotine market. I suspect the American people will be needing a plentiful supply sometime soon.

          There may even be scope for an ebook on how to use them
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          • Profile picture of the author derekwong28

            You mean like this! Note that is a real guillotine and the demonstration was by an ex-executioner (Fernand Meyssonnier) who chopped off lots of heads in Algeria.
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      • Profile picture of the author freetruth
        Originally Posted by vorales View Post

        Well as far as US bail out plan is concern i am in favour of Bush Administration.

        Hank Paulson and Ben Bernanky what they are trying to do is just injecting these funds in to the Financial Market and get the bank back to work as before,and this money is most likely also to fix this crises and this thing should never ever happen again in future.

        The bail out plan is very necessarry for all the Americans as well as for us in Asia to as because of America our regional markets also facing crises and oue stcok mkt is also down and fears are there ,selling is taking place,no buyuing mood,every 1 is loosing money.

        Congress should approve this bail out plan as not only to benefit the American Economy but also the WORLD ECONOMY.
        I'm sorry you feel that way, but if you think any of that 700B will help the market, you're sadly mistaken. You just wait and see what Paulson does with that money. I'm sure it won't be to help the average American. It will used to bail out his crony banker friends and also his bosses (not in the government) and he'll be coming back in 3-6 months asking for more if he remains the treasury secretary.

        When this bill passes, it will be a SAD day for the US and also the world. Why do you think Bush is bringing home troops to patrol the streets for public unrest and/or riots. This is one of the final plays in the END game and folks, it's the 4th quarter too.
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        • Profile picture of the author espacecadet
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          • Profile picture of the author HeySal
            Carte Blanche permission to steal without oversight? Yep, Austria knows this one real well - it's been done, and it was supposedly for the same reasons.

            Now what do you think about being FORCED to hand over our money with no over-sight - and our money does not buy shares of that company - nor interest, nothing for us with our money, generously stolen from us against our will - even though many economists say it won't do any good, and others say it is not even necessary.

            WAKE UP. This is not about the money - it is about all the little extras thrown in that allow our treasury to act against us without permission or oversight necessary. It is a free and clear escort in of fascism in all its full glory.
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  • Profile picture of the author derekwong28
    Meyssonnier thought that his guillotine is worth $450,000. He is dead now, perhaps warriors can pool together to buy it from his family. What do you think, Mal?
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    • Profile picture of the author Mal Keenan
      What do you have in mind, Derek? First the Government, then the Gurus?

      Originally Posted by derekwong28 View Post

      Meyssonnier thought that his guillotine is worth $450,000. He is dead now, perhaps warriors can pool together to buy it from his family. What do you think, Mal?
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  • Profile picture of the author bendiggs
    Well, there are a lot of unknowns about this plan, the biggest of which is, will it even work? What we do know is that the proposal gives one person way too much control and no accountability to anyone at all. If the bill passes as it is written then the financial czar that will be created will hold the entire economy in their hands, and that is way too much power for one person to have.
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    • Profile picture of the author freetruth
      Originally Posted by bendiggs View Post

      Well, there are a lot of unknowns about this plan, the biggest of which is, will it even work? What we do know is that the proposal gives one person way too much control and no accountability to anyone at all. If the bill passes as it is written then the financial czar that will be created will hold the entire economy in their hands, and that is way too much power for one person to have.
      Da di da, while the American sheeple watch the boob tube to see whether their 700B will be infused, the Federal Reserve (private entity) has infused over 100Billion into the economy while we sleep.

      "The U.S. Federal Reserve injected a record daily total of $105 billion into the banking system Thursday via money-market operations to help restore stability in the financial market roiled by the credit crisis. The previous biggest single-day fund infusion the Fed had ever made was $81.25 billion on Sept. 14, 2001 shortly after the Sept. 11 terrorist attacks on the United States, according to the Federal Reserve Bank of New York, which conducted Thursday's repurchase operations on behalf of the Fed."

      I feel that the neo-cons felt that the bill would not pass or was taking too long. To speed up the inflation process, they went behind the scenes and injected a tidy sum to supposedly keep their plans intact. The plan is to explode inflation, explode the dollar, and then introduce a global monetary system. "The New World Order at it's Best."
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  • Profile picture of the author bendiggs
    Oh, also as for blogging about this...I did In fact I've blogged about financial issues for quite sometime now, and traffic has definitely gone up. It is impossible for it not to with as much crap as there is presented on the news, everyone is looking for more info.
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    • Profile picture of the author myob
      It really is a traffic generator. My ezine subscriptions have also soared, just commenting on the financial crisis itself. Not much we can do about it either way, but you can make money playing with the volatility of the stock market.
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      • Profile picture of the author Phnx
        It's also more than $700 billion apparently - that's only an installment.

        From the text of the draft legislation:

        "The Secretarys authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time"


        $700 billion AT ANY ONE TIME. They've effectively written themselves a blank cheque with never ending credit, and could end up fleecing you guys for trillions. Un-be-lievable.

        Congress would have to be insane to pass this.
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        • Profile picture of the author myob
          This is great news for IM business bloggers.
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  • Profile picture of the author HeySal
    <sarcasm mode> Gee Jamie, that is such a surprise. Our Reich never does anything behind our backs</sarcasm mode>

    If you want to know what is going on, watch Ron Paul comments. He was discredited for predicting this - called "nut case". He is an authority on Austrian Economics.......um...which this has become a matter of seemingly overnight to many - but not the case at all. We've been building to this for some time now. Watch for US troops to hit the streets October 5. Why are
    they being called in? Our "protection" ....uh...okay...from what do we need protected? LOL. This is not gonna be fun.
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    • Profile picture of the author freetruth
      Originally Posted by HeySal View Post

      ....from what do we need protected? LOL. This is not gonna be fun.
      Question? Why do you consider living in the cardboard box fun? Americans with credit cards, mortgages, etc., will be on the streets before of after the fake 700B infusion. If they don't have families with paid up houses, then this is evident. AND, it has nothing to do with toxic paper.
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  • Profile picture of the author espacecadet
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    • Profile picture of the author MaskedMarketer
      Originally Posted by espacecadet View Post

      And if we hit the streets in protest of these illegal actions, martial law will be introduced. Nice.
      Not true. People have already hit the streets here on Wall St., yesterday. There were only a couple hundred people there, but they marched threw the streets protesting with signs, chanting "Bail Out Bullsh*t", "You Broke It, You Bought It", along with a whole chant list they were handing out.

      Then the investing guys were out there holding signs saying "Save a Hedge-fund".

      I think in 5-10 years from now we'll all look back and see that the right decision has been made. And no matter what, you can't please everyone, so whatever decision will be made, there will always be angry people.
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      • Profile picture of the author espacecadet
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        • Profile picture of the author MaskedMarketer
          Hey espacecadet,

          I won't pretend to know the answers. Because I don't.

          A lot of what you say makes sense, but so does a lot of the reasons why we need to bail out. Can a better solution be made? I think so. But I don't think we should sit here and watch everything crumble.

          And honestly, maybe my "don't give a f*ck" attitude to everything that is going on really doesn't help. So much BS out there, so many problems, I try not to focus on them all. My time can be better spent trying to improve my own life.

          Whatever the outcome may be, I will prepare myself for it. If everything collapses and no one has money, work, or food, then I guess we'll see the real test of strength of Americans. Many other countries are in that situations now, and hopefully we can avoid it.
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          • Profile picture of the author myob
            Tick tock ... the economic collapse is only moments away. Do you have your IM blog ready? People will join your affiliate program by droves!
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