Failure of Lehman Bros.

[Prof]

This is a huge economic hit...due to the real estate arena decline...Wall Street is on the edge of collapse...it probably will not, but we have not been this close in generations.

Those of you have said that the economic state of our country is strong...that trickle down economics work...that believe that the Bush administration has had the right direction...

You were dead wrong...our Nation is on very weak underpinnings, recession is now not the fear, depression is in the realm of possibility.

Bush has ruined the lives of millions overseas, his policies may now take down millions here in this country,

George W. Bush will be recorded by history as the worst national leader that we have ever had.

 

[bigike]

5 years ago i was at 35,000 per year................

now I'm at 135,000 per year DAMN YOU GEORGE BUSH ADMINISTRATION DAMN YOU TO HELL!!!!!!!!!!!!!!!!!!!!!!!!

Mean while a bunch of lenders lent money to people that decided to buy a home they could not afford.......... and now we get to where we are now, which is the way he likes it, well he gets it..............

 

[SinorSwim]

With no sale/merger and no goverment bail out-we are now in very serious trouble-this is alot worse than in 1929-get ready for 5 years of bad times, what we have seen so far is nothing compared to the next 5 years.

 

[Prof]

5 years ago i was at 35,000 per year................

now I'm at 135,000 per year DAMN YOU GEORGE BUSH ADMINISTRATION DAMN YOU TO HELL!!!!!!!!!!!!!!!!!!!!!!!!

Mean while a bunch of lenders lent money to people that decided to buy a home they could not afford.......... and now we get to where we are now, which is the way he likes it, well he gets it..............

Its not about you Jay, its about the nation. Don't you work in Bush's industry?

I would be very careful with comments like you have made...what goes around comes around...and if you have been wise those increased annual figures were all put into investment accounts...but I hope not with Lehman Brothers. But then you have been making too little for too short a time to understand.

Better get some knowledge rapidly...

 

[eddie102870]

With no sale/merger and no goverment bail out-we are now in very serious trouble-this is alot worse than in 1929-get ready for 5 years of bad times, what we have seen so far is nothing compared to the next 5 years.

this has been coming for a long time, even before bush was elected the first time. sorry roy i dont agree with you. its not his fault.

 

[FastRam]

Dow already down 225. Great another lender goes in the tank because they passed out loans like candy to customers who couldn't afford squat, their ARM's (and Lord only knows what other type of loan) came due, foreclosure hit, etc. I'm no financial guru by any means but it all sounds like poor decision making and greed to me and now we all pay the price, in one form or another.

 

[TREKER]

You have to look at the definition of recession. It is something like three continuous months of decline to officially be in a recession. That being said, a lot of other factors seem to at play to give false readings. Borrowing from China is one, and the most important. We are in big financial trouble and when this bubble bursts, we're all in for it.

The housing market, gas prices, uncertainty of the political future, governement bail out of Mac and Mae, creating money out of thin air....

We're screwed if we dont get our spending under control. L Bros, and Lynch are just the latest hits. Yet we are sending a billion dollars in aid to Georgia in a state of the art military ship... For what?

I want to uke:

 

[Ram From Hell]

This is a huge economic hit...due to the real estate arena decline...Wall Street is on the edge of collapse...it probably will not, but we have not been this close in generations.

Those of you have said that the economic state of our country is strong...that trickle down economics work...that believe that the Bush administration has had the right direction...

You were dead wrong...our Nation is on very weak underpinnings, recession is now not the fear, depression is in the realm of possibility.

Bush has ruined the lives of millions overseas, his policies may now take down millions here in this country,

George W. Bush will be recorded by history as the worst national leader that we have ever had.

Sorry Prof, but you can no more blame Bush for this issue with the real estate "collapse" that for the higher gas prices. It was the greed of thousands in the lending industry, through criminally negligent practices and policies.

No, the country is not going in the right direction when things are in the shitter, and yes, Bush is president right now. Were it Gore on the hot seat with all of this going on would you be as adamant about your rant, or would you simply blame the prior Republican president?

Times are hard now, and they're going to get much tougher. I guarantee you this, if we end up with complete Democrat control, it's going to be worse still. That is, unless, you believe that the government can pull us out of this and improve our lives by taxing all of us at even higher rates.

Oh, and what's with the crack about ruining the lives of millions overseas? I suppose you didn't care about Saddam's torture camps or the thousands found in mass graves who were executed for their beliefs (or those carried out by Al Qaida in Afghanistan for that matter)? Perhaps it was better that their lives ended, rather than just having a hardship, huh? Do you think a single Iraqi would want to go back to those days? Well, maybe just the Saddam loyalists and gold toilet artisans...

Face it pal, the situation we're in is the culmination of decades of failed policies, good intentions, and greed. If you want to pick a single person to hang it on, fine. I for one don't think you're that ignorant. I think you're just frustrated and blindly venting.

 

[OCBob]

As long as we continue to max out the country's credit cards we are going to be in serious trouble. Talk about simple economics, doesn't get any simpler than the fact that you can't spend money you don't have without it catching up to you. Just as all these recipients of bad mortgage loans found out, luckily China wasn't their lender though, huh?

 

[shade]

Sorry but under GW's watch the budget deficit has increased by some of the largest margins in history. Overall deficit it astronomical.
Can a democract or democratic government fix it, not by themselves but maybe we can all agree that our society needs to move in the opposite direction its going now

 

[Prof]

I do remember the economic status of this country under Clinton...and under Bush...

I rest my case. Bush is the problem.

On Jan. 20 the blame line will move to McCain or Obama...that is the nature of leadership. No excuses, no alibis, just accountability for action or inaction. There is no other way, leaders either solve problems or are part of the problem, period.

If you have ever been a leader, CEO, President, Chairperson, you understand the arena.

 

[Black1]

But Sec. Paulson says "Our banking industry is safe and sound".

You're right, Roy.... We are all in very deep shit.

 

[Django]

I blame the entire U.S. government....

When they grow tired of pissing and moaning over who gains the political capital for making the necessary corrections to right the financial ship in this country...maybe then we can make some headway...

Congress and the Executive branch have a way of fiddling while Rome burns.

Just so I can make a partisan statement and condemn myself out of my own mouth... It is Congress who holds the purse strings of this country and they are the ones who've been in charge for about the last decade.

D

 

[Cudajon]

If socialism is the answer... "How do we fix an economic downturn?" is not the damn question.

Kuwait can sustain it, UAE can sustain it, but if we want to see how we will fair under Obamessiah's plan we need to take a look at the 10%+ unemployment rates of Germany and France, and Private + public insurance the wealthy purchase because of tremendous lines at the hospitals.

Do you think nationalizing health care will fix this?
Do you think raising taxes will fix this?
Do you think a windfall profits tax will fix this?
Do you think more regulation will fix this?

What about Obama's plan will "help" the current situation?

Obama: #2 on Freddie Mac and Fannie Mae's donation list, #1 on Lehman Brothers.

 

[Black1]

....

Do you think nationalizing health care will fix this?
Do you think raising taxes will fix this?
Do you think a windfall profits tax will fix this?
Do you think more regulation will fix this?

What about Obama's plan will "help" the current situation?

All very good questions, IMO..... :dontknow:

 

[OCBob]

If socialism is the answer... "How do we fix an economic downturn?" is not the damn question.

Kuwait can sustain it, UAE can sustain it, but if we want to see how we will fair under Obamessiah's plan we need to take a look at the 10%+ unemployment rates of Germany and France, and Private + public insurance the wealthy purchase because of tremendous lines at the hospitals.

Do you think nationalizing health care will fix this?
Do you think raising taxes will fix this?
Do you think a windfall profits tax will fix this?
Do you think more regulation will fix this?

What about Obama's plan will "help" the current situation?

Obama: #2 on Freddie Mac and Fannie Mae's donation list, #1 on Lehman Brothers.

I can say one thing with certainty, lowering taxes and raising spending sure as hell isn't the answer.

The runaway spending of this government must be curbed. I don't think either of these candidates have any real plans to do that, so if you can't cut spending you have to increase revenue. No two ways about that.

 

[HDVIPER]

If socialism is the answer... "How do we fix an economic downturn?" is not the damn question.

Kuwait can sustain it, UAE can sustain it, but if we want to see how we will fair under Obamessiah's plan we need to take a look at the 10%+ unemployment rates of Germany and France, and Private + public insurance the wealthy purchase because of tremendous lines at the hospitals.

Do you think nationalizing health care will fix this?
Do you think raising taxes will fix this?
Do you think a windfall profits tax will fix this?
Do you think more regulation will fix this?

What about Obama's plan will "help" the current situation?

Obama: #2 on Freddie Mac and Fannie Mae's donation list, #1 on Lehman Brothers.

I guess another good question would be what in McCain's plan will help? Or, I guess a better question would be, do we need to "fix" anything? Since McCain wants to keep all the taxes the same, the war the same, oh yeah, he wants to drill (AKA in the pocket of oil industry, THE SAME), keep de-regulation the same. I wonder why all the fuss? Everyone's doing just fine, just fine indeed. More of the same anyone?

 

[jrangel]

This is a huge economic hit...due to the real estate arena decline...Wall Street is on the edge of collapse...it probably will not, but we have not been this close in generations.

Those of you have said that the economic state of our country is strong...that trickle down economics work...that believe that the Bush administration has had the right direction...

You were dead wrong...our Nation is on very weak underpinnings, recession is now not the fear, depression is in the realm of possibility.

Bush has ruined the lives of millions overseas, his policies may now take down millions here in this country,

George W. Bush will be recorded by history as the worst national leader that we have ever had.

No, it will still be Jimmy Carter.

 

[Cudajon]

I guess another good question would be what in McCain's plan will help? Or, I guess a better question would be, do we need to "fix" anything? Since McCain wants to keep all the taxes the same, the war the same, oh yeah, he wants to drill (AKA in the pocket of oil industry, THE SAME), keep de-regulation the same. I wonder why all the fuss? Everyone's doing just fine, just fine indeed. More of the same anyone?

If you haven't heard for the 10^10th time, he says he will make PORK barrel infamous.

If the libs would actually pass the Line item veto (like McCain wants), we can erase BILLIONS in pork.

Also, DRILL!!! We will keep billions in the states, OPEC just stated they will decrease production by 300k barrels per day. We need to drill!! With more rigs here in the states, the oil companies will hire..... AMERICANS to do the drilling.

 

[HDVIPER]

If you haven't heard for the 10^10th time, he says he will make PORK barrel infamous.

If the libs would actually pass the Line item veto (like McCain wants), we can erase BILLIONS in pork.

Also, DRILL!!! We will keep billions in the states, OPEC just stated they will decrease production by 300k barrels per day. We need to drill!! With more rigs here in the states, the oil companies will hire..... AMERICANS to do the drilling.

#1 Line item veto is just plain unconstitutional!
#2 That's great he's going to make PORK infamous, 'bout time. I wonder what he'll do about his v.p.'s pork?
#3 That oil does not, I repeat, DOES NOT come here to the states, it goes on the world market! How many jobs will it create? And for how long?