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Thread Statistics | Show CCP posts - 0 post(s) |
Rudy Metallo
The Bastards
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Posted - 2008.09.29 20:01:00 -
[1]
DOW down 6% today.
Brace yo'selves, mo****as. |
Rudy Metallo
The Bastards
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Posted - 2008.09.29 20:01:00 -
[2]
DOW down 6% today.
Brace yo'selves, mo****as. |
Pwett
Minmatar
QUANT Corp.
QUANT Hegemony
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Posted - 2008.09.29 20:08:00 -
[3]
For a day to be 'Black' on Wallstreet it needs single day losses of > 20%.
This is 'Gunmetal Gray' Monday. |
Wendat Huron
Stellar Solutions
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Posted - 2008.09.29 20:15:00 -
[4]
I bet they'll make a movie out of this, might I suggest a title? Crying Rich Man |
Pwett
Minmatar
QUANT Corp.
QUANT Hegemony
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Posted - 2008.09.29 20:24:00 -
[5]
"Middle Class is still waiting for their loans to get approved." |
Rubra
J. S. Bach In memoriam
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Posted - 2008.09.29 20:29:00 -
[6]
Edited by: Rubra on 29/09/2008 20:29:34
I'll see you guys in the bread lines and soup kitchens while hitching rides on rail cars. I hope we can scr-ape enough dollars together to continue our EVE addictions in PC cafes.
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goodby4u
Valor Inc.
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Posted - 2008.09.29 20:33:00 -
[7]
 Originally by: Rubra
Edited by: Rubra on 29/09/2008 20:29:34
I'll see you guys in the bread lines and soup kitchens while hitching rides on rail cars. I hope we can scr-ape enough dollars together to continue our EVE addictions in PC cafes.
I plan on moving to iceland and have a direct feed into the server rooms.
Wait should these plans fall under nuclear holocaust plans or zombie plans?
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Micheal Dietrich
Caldari
Terradyne Networks
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Posted - 2008.09.29 20:38:00 -
[8]
Originally by: Rubra
Edited by: Rubra on 29/09/2008 20:29:34
I'll see you guys in the bread lines and soup kitchens while hitching rides on rail cars. I hope we can scr-ape enough dollars together to continue our EVE addictions in PC cafes.
I've already whipped out the tatty wool pants, worn sports jacket, and tweed spitfire hat as a precaution
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Pwett
Minmatar
QUANT Corp.
QUANT Hegemony
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Posted - 2008.09.29 20:39:00 -
[9]
Tweed is a good idea.
I've been hoarding bandannas and sticks so I can wrap up all the pencils and apples I plan to sell on the streets.
_______________
Pwett
CEO, Founder, & Executor
<Q> QUANT Hegemony
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Valan
The Fated
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Posted - 2008.09.29 20:40:00 -
[10]
lol people have no idea I work for a London City trader and we've never had it so good.
After the market plummets again tomorrow I'm gonna buy a bundle of shares and in two or three months rake 200% profit.
The rich stay rich the only people that are getting shafted is the general public but they don't even realise it.
/start sig
I love old characters that post 'I've beeen playing the game four years' when I know their account has been sold on.
/end sig |
The TX
Gallente
Pulsar Combat Supplies
Alternative Realities
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Posted - 2008.09.29 20:47:00 -
[11]
Originally by: goodby4u
I plan on moving to iceland and have a direct feed into the server rooms.
You'd move all the way to Iceland and run a cable all the way to London?
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[Signature]
[/Signature]
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Ademaro Imre
Caldari
Intrepid Crossing
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Posted - 2008.09.29 20:51:00 -
[12]
how about "When Federal Government Backing Loans People Should Not Have Attacks"
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Jana Clant
New Dawn Corp
New Eden Research
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Posted - 2008.09.29 20:54:00 -
[13]
Originally by: goodby4u
Originally by: Rubra
Edited by: Rubra on 29/09/2008 20:29:34
I'll see you guys in the bread lines and soup kitchens while hitching rides on rail cars. I hope we can scr-ape enough dollars together to continue our EVE addictions in PC cafes.
I plan on moving to iceland and have a direct feed into the server rooms.
Wait should these plans fall under nuclear holocaust plans or zombie plans?
Clearly zombie plan, zombies don't like the cold.
Join New Eden Research today and never worry about queues again!
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Red Panda
VMF-214 Blacksheep
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Posted - 2008.09.29 20:55:00 -
[14]
from here ,
Quote:
In Iceland, the government took control of Glitnir bank, the country's third largest, buying a 75 percent stake for 600 million euros ($878 million) in a move it said was to ensure broader market stability. Central Bank of Iceland chairman David Oddsson said that Glitnir, which has operations in 10 countries, would have collapsed if the authorities had not intervened.
Still wanting to go to Iceland ? 
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Red Panda
---------
()_()
( '_')
(")(") I need Bamboo !! |
Alex Raptos
Caldari
The Firestorm Millennium
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Posted - 2008.09.29 21:26:00 -
[15]
Originally by: goodby4u
Originally by: Rubra
Edited by: Rubra on 29/09/2008 20:29:34
I'll see you guys in the bread lines and soup kitchens while hitching rides on rail cars. I hope we can scr-ape enough dollars together to continue our EVE addictions in PC cafes.
I plan on moving to iceland and have a direct feed into the server rooms.
Wait should these plans fall under nuclear holocaust plans or zombie plans?
Considering the servers are based on London...
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Thorliaron
Brutor tribe
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Posted - 2008.09.29 22:05:00 -
[16]
Originally by: Valan
lol people have no idea I work for a London City trader and we've never had it so good.
After the market plummets again tomorrow I'm gonna buy a bundle of shares and in two or three months rake 200% profit.
The rich stay rich the only people that are getting shafted is the general public but they don't even realise it.
Never had it so good. im sorry old bean but that little lie there is very obvious, unless your a short seller which you cant do atm your not having it good at all. Not even Hedge fund shares are doing well. |
Megan Maynard
Minmatar
17th Minmatar Tactical Wing
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Posted - 2008.09.29 22:07:00 -
[17]
Let the bastards burn.
Serves them right for being idiots with their own money.
I live in America and it's stupid to even fathom a government bailout like they were talking about. Spend it on other things, like prosecuting the morons misusing other peoples money like that.
Having a couple insurance companies go under will teach those idiots who thought they could afford a 500000 dollar house on a 32000 a year income.
I ain't paying for their stupidity. |
Captain Hudson
Caldari
Caldari Provisions
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Posted - 2008.09.29 22:10:00 -
[18]
Originally by: Valan
lol people have no idea I work for a London City trader and we've never had it so good.
After the market plummets again tomorrow I'm gonna buy a bundle of shares and in two or three months rake 200% profit.
The rich stay rich the only people that are getting shafted is the general public but they don't even realise it.
The first bolded bit is obvious bullshit.
Second bold bit - no one stays rich when the stock and banking systems crash, that is unless you own a safe full of gold ofcourse |
Florio
Federal Defence Union
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Posted - 2008.09.29 22:16:00 -
[19]
this is where ordinary people not seeing past their own noses screw things up. it shows a weakness in democracy as the uneducated leap on the blame bandwagon and think it's just a spivvy rich man's problem. if banks have no money then company lending rates will massively increase or be impossible. this means that companies are going to have to shed jobs, or maybe they will just fail to renew their lending and simply go into administration. you're all going to know people who will lose their jobs. perhaps you will be one of them. the bailout needs to succeed or we are up sh1t creek without a paddle.
the blame should be primarily with the senior bankers who failed to understand and manage the risk their companies were taking. there appears to be a failure in government and regulation too in not spotting the weaknesses. and of course, it's idiots who take on too much debt.
and yeh, round about now is a good time to go into the market but you'll have to choose wisely and invest for the long term. now where's my spare cash..... |
Megan Maynard
Minmatar
17th Minmatar Tactical Wing
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Posted - 2008.09.29 22:16:00 -
[20]
Originally by: Captain Hudson
Originally by: Valan
lol people have no idea I work for a London City trader and we've never had it so good.
After the market plummets again tomorrow I'm gonna buy a bundle of shares and in two or three months rake 200% profit.
The rich stay rich the only people that are getting shafted is the general public but they don't even realise it.
The first bolded bit is obvious bullshit.
Second bold bit - no one stays rich when the stock and banking systems crash, that is unless you own a safe full of gold ofcourse
Oil dropped 10 bucks a barrel.
He's not spewing bullshit. |
Atomos Darksun
Infortunatus Eventus
Obsidian Empire
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Posted - 2008.09.29 22:21:00 -
[21]
Well it's our fault. We've only given trillions of dollars away through outsourcing of jobs and outrightly stupid wars. |
Thorliaron
Brutor tribe
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Posted - 2008.09.29 22:22:00 -
[22]
Originally by: Megan Maynard
Originally by: Captain Hudson
Originally by: Valan
lol people have no idea I work for a London City trader and we've never had it so good.
After the market plummets again tomorrow I'm gonna buy a bundle of shares and in two or three months rake 200% profit.
The rich stay rich the only people that are getting shafted is the general public but they don't even realise it.
The first bolded bit is obvious bullshit.
Second bold bit - no one stays rich when the stock and banking systems crash, that is unless you own a safe full of gold ofcourse
Oil dropped 10 bucks a barrel.
He's not spewing bullshit.
oil is not shares. |
Megan Maynard
Minmatar
17th Minmatar Tactical Wing
|
Posted - 2008.09.29 22:28:00 -
[23]
Originally by: Thorliaron
Originally by: Megan Maynard
Originally by: Captain Hudson
Originally by: Valan
lol people have no idea I work for a London City trader and we've never had it so good.
After the market plummets again tomorrow I'm gonna buy a bundle of shares and in two or three months rake 200% profit.
The rich stay rich the only people that are getting shafted is the general public but they don't even realise it.
The first bolded bit is obvious bullshit.
Second bold bit - no one stays rich when the stock and banking systems crash, that is unless you own a safe full of gold ofcourse
Oil dropped 10 bucks a barrel.
He's not spewing bullshit.
oil is not shares.
Commodities are traded just like shares last time I checked.
And to the moron spewing bullshit about a war and government spending.........
How does that relate to the housing idiocy that started all this mess?
Last time I checked wars and government spending cost money. This was a couple investment/insurance companies giving out credit in order to pay off credit and drive up stock prices. Combine it with a couple million morons who tried to buy a BIG ASS HOUSE and couldn't pony up and you have what we have now.
Now if you want to chat about oil prices then we'll get into booming industrialism in Asia and the Middle East.
Many middle eastern oil barons cried today lol.
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Vossejongk
Caldari
Blake Industries
Collective Asylum
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Posted - 2008.09.29 22:36:00 -
[24]
Woohoo !!
[url=http://www.signaturebar.com/][/url] |
Thorliaron
Brutor tribe
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Posted - 2008.09.29 22:42:00 -
[25]
Originally by: Megan Maynard
Originally by: Thorliaron
Originally by: Megan Maynard
Originally by: Captain Hudson
Originally by: Valan
lol people have no idea I work for a London City trader and we've never had it so good.
After the market plummets again tomorrow I'm gonna buy a bundle of shares and in two or three months rake 200% profit.
The rich stay rich the only people that are getting shafted is the general public but they don't even realise it.
The first bolded bit is obvious bullshit.
Second bold bit - no one stays rich when the stock and banking systems crash, that is unless you own a safe full of gold ofcourse
Oil dropped 10 bucks a barrel.
He's not spewing bullshit.
oil is not shares.
Commodities are traded just like shares last time I checked.
And to the moron spewing bullshit about a war and government spending.........
How does that relate to the housing idiocy that started all this mess?
Last time I checked wars and government spending cost money. This was a couple investment/insurance companies giving out credit in order to pay off credit and drive up stock prices. Combine it with a couple million morons who tried to buy a BIG ASS HOUSE and couldn't pony up and you have what we have now.
Now if you want to chat about oil prices then we'll get into booming industrialism in Asia and the Middle East.
Many middle eastern oil barons cried today lol.
futures
he never mentioned trading oil, only shares.
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Vikarion
Caldari
BLACK 0RIGIN
Red Dawn Alliance
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Posted - 2008.09.30 00:32:00 -
[26]
Edited by: Vikarion on 30/09/2008 00:33:53
What I really love is how everyone is blaming this on Bush when the real villain is Congress and Wall Street - Barney Frank and Chris Dodd especially:
Good article.
...not that I don't have plenty of other things to blame Bush for.
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EVE - The only non-consensual PvP MMORPG*
*Note: does not contain non-consensual PvP as of 9/3/2008
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Kaeten
Hybrid Syndicate
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Posted - 2008.09.30 00:34:00 -
[27]
I don't understand all this shit, can someone please make it more simple and explain it plz? lol
________________________
I'M POOR
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Vikarion
Caldari
BLACK 0RIGIN
Red Dawn Alliance
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Posted - 2008.09.30 00:46:00 -
[28]
Originally by: Kaeten
I don't understand all this shit, can someone please make it more simple and explain it plz? lol
Sure. The government encouraged lots of people running semi-government controlled companies to make really hi-risk loans to other people for certain reasons.
They did.
Seeing this, Wall Street decided to do the same.
Economists cried foul, but efforts by the republicans and Bush administration to stop the whole deal were easily swatted by bureaucrats and congressmen in on the thing - especially a few democratic ones with all ten fingers in the pie.
The whole thing comes down when everyone realizes that "high-risk" means high risk, and that people are defaulting on the loans.
Banks which gave the loans go to the companies that insured the loans, but the insurers don't have enough money either.
Investors begin pulling out of banks, depriving them of money to loan at all, or capital to operate on.
Banks begin to fail as they have no money to work with.
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EVE - The only non-consensual PvP MMORPG*
*Note: does not contain non-consensual PvP as of 9/3/2008
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Abrazzar
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Posted - 2008.09.30 00:52:00 -
[29]
What I do wonder is where all the money went. Someone has to have it. So instead of using tax dollars, how about taking the money from those that profited from this whole fiasco?
Then again 700 billion dollar sure will buy you a lot of political influence... |
TenPin
Interstellar Bureau of Crowd Control
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Posted - 2008.09.30 01:12:00 -
[30]
Edited by: TenPin on 30/09/2008 01:13:03
Another very important aspect to this problem is the credit markets. ATM a lot of them are frozen, and many companies relay are short term 'operating loans'. These loans are generally short term (less than 1 year) and businesses use these to manage inventory, payroll, and other expenses.
With the credit market frozen and banks freaken' out (or failing), those loans get harder to obtain. Without those many businesses will drain themselves of petty cash and wont be able to raise enough capital to continue to pay their employees, etc. and they will begin to fail.
Today a lot more banks (many of them medium sized regional ones)got "destroyed" (stock value wise) via everyone pulling their investments out of them, this of course, just makes things worse. This isn't just in the United States, many European and Asian banks (and overall markets) are getting nailed has well.
A $700 billion bailout isn't going to do anything to this situation in the long run, (the problem is too widespread, and its not like the US Gov. has $700 billion sitting in a safe somewhere, they'd have to print the money...which rises inflation and devalues the dollar and all other kinds of nasties...but that's another issue). More banks will fail in the coming months regardless, and there isn't going to be a bailout for everyone.
In real simple terms, the 777 point drop amounts to about $1.2 trillion loss, and that "money" just disappears.
Either way, the situation developing in the next coming months is going to paint a clearer picture of just how bad this situation has gotten.
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