Please read first: Bush Administration Created Credit Crunch Crisis
The Wall Street Bailout Bought America Nothing
Wall Street Bailout Did NOTHING for Americans
Why Didn't This Story Make My Printed Boston Globe?
Bush Administration Driving Dow Dump
The Chinese Solution to Wall Street's Woes
The Indian Solution to Wall Street's Woes
No Bailout ! "They Will Kill You!
Want MORE OUTRAGE, AmeriKans?
"The central bank is also considering acting as the intermediary between banks reluctant to lend and companies desperate to borrow. Now, the market for such short-term loans, which routinely fund day-to-day activities for companies, is freezing. If the Fed were to step in, it would come closer than ever to lending directly to businesses, risking more taxpayer dollars"
Haven't you GIVEN ENOUGH, Americans? Where is YOUR BAILOUT?
Now you can read the Zionist-controlled, pro-corporate, pro-rich, propaganda:
"Worldwide worry; Markets tumble amid doubts on US stability" by Robert Gavin, Globe Staff | October 7, 2008
Waves of panic selling swamped stock markets around the world yesterday as a spreading crisis in confidence battered investors from Tokyo to Brazil and intensified concerns over a potential global recession.
In another wild day on Wall Street, the Dow Jones industrial average finished below 10,000 for the first time since 2004, plunging 800 points before rebounding in the last hour to close down nearly 370. The Dow has lost more than 1,000 points in just over a week.
Earlier, some European stock markets suffered their worst one-day drops ever, following a dive in Asian markets, which fell to near five-year lows. The fall was even steeper in emerging markets such as Russia and Brazil, where markets plunged as much as 20 percent.
The stock market collapse is battering the nest eggs of millions of retirees and workers who increasingly rely on stock investments, made through mutual funds, to finance their 401(k) and other retirement accounts. The Dow is down nearly 30 percent from a year ago.
The global selloff came just three days after the passage in Congress of a $700 billion bailout plan aimed at stabilizing and restoring confidence in the US financial system. Ultimately, analysts said, investors viewed the plan as insufficient to do either. Credit markets in the United States and around the world remain all but frozen as frightened financial institutions continue to refrain from lending to each other.
Yeah, and we KNOW WHY!!! The BUSH ADMINISTRATION and its banking buddies are MAKING IT HAPPEN on PURPOSE!!!!!!!!
Fucking SHIT AmeriKan MSM!!!!!!!!!!!!!!
Adding to the fear: an acceler ating economic slide in the United States that threatens to pull the global economy into recession. Crude oil yesterday fell below $88 a barrel for the first time since February on fears of slumping demand.
In Washington, Treasury Secretary Henry M. Paulson Jr. spoke with Federal Reserve chairman Ben Bernanke about the global market turmoil as Treasury moved to put the bailout plan into place, seeking to hire professional asset managers to help design and run the program, which will buy troubled mortgage-related assets from financial firms.
Meanwhile the Fed, which already has pumped hundreds of billions of dollars into the global financial system, said it would make $900 billion in loans available to financial institutions by year-end as it tries to keep credit flowing.
Pffft! Another HIDDEN piece of IMPORTANT INFORMATION in the SHIT ZIONIST WAR DAILY!! Well, I am getting SICK and TIRED of that, too!!!!!!!!!!!!
See: Fed to Pump ANOTHER $900 BILLION Into Market
The central bank is also considering acting as the intermediary between banks reluctant to lend and companies desperate to borrow. Now, the market for such short-term loans, which routinely fund day-to-day activities for companies, is freezing. If the Fed were to step in, it would come closer than ever to lending directly to businesses, risking more taxpayer dollars.
In appearances in San Antonio and Cincinnati, President Bush sought to reassure investors and citizens. "I believe that in the long run this economy is going to be just fine," Bush said in Cincinnati.
I just want this LYING SHIT-MOUTH to GO AWAY!!
RESIGN, you FUCKING LYING, LAW-BREAKING, MASS-MURDERING, TORTURING, SHIT-SPEWING, FART-MISTING, FECES-GOBBLING, SHIT-SLURPING, WAR-CRIMINAL, ANTI-CHRIST SHITLET!!!
Financial firms in other countries also invested in US mortgage-backed securities and related assets, and that exposure is undermining confidence in overseas credit and financial markets. Homegrown problems in other countries also are adding to the global financial turmoil.
All being done ON PURPOSE!!
WAKE UP, WORLD!!!!!!!!!!!!!!!
In Europe, for example, England, Spain, and Ireland are reeling from their own collapsing housing bubbles. Several major banks have failed or been nationalized. Meanwhile, European nations have been unable to agree on a coordinated strategy to address the crisis, which is further undermining confidence in the system. --more--"
Yeah, whatever, lying and obfuscating MSM!!!
"Ominous signs in pullback by businesses" by Steven Syre, Globe Columnist | October 7, 2008
Ooooh, can you FEEL the FEAR from the AGENDA-PUSHING PIECE of SCITTE?
Also see: The "No-Bailout" Bailout
Yup, ther goes that guy's credibilty -- not that he had anyway, but this cinches it!!!!
Companies employ a particular strategy for spending money in the middle of a crisis. They stop.
So have I!!! Just doing my part to help the economy!!!!
All around the world, you can hear the squeal of businesses putting the brakes on expenses, a decision that will have serious implications around the world right away and well into next year. That usually means an economic recession lurks around the corner or may have already arrived.
Individuals may tighten their belts when times get tough. Companies lock the safe and just say no to new expenses. The world's stock markets were whipped around and driven sharply lower yesterday by two related fears. Investors worry the spreading credit crisis freezes out companies, governments, and individuals from loans that would have been considered routine weeks or months ago.
Uh-huh: Bush Administration Created Credit Crunch Crisis
U.S. Banks Driving Credit Crunch ON PURPOSE!!
But the kind of global recession that seems certain to follow this credit crisis would cause damage of a greater magnitude.
Forshadowing the future, dick weed?
And WHAT EVIL SHIT BAGS we have running this world!
Time to TAKE THEIR HEADS OFF!!!!!!!!!!!!!!!!!!
While businesses held onto their money early in the decade, individual consumers brought the economy back to life. Ironically, the housing boom and its cheap mortgages made that possible. Those consumers are in trouble now and are in no position to lead any kind of a recovery.
And EVEN if I were, there is NO WAY I would HELP these ASSHOLES!! I can HOARD my MONEY just as much as the BANKERS!!!!
Consumers who can't spend and businesses that won't are a combination that will make 2009 a long year. --more--"
You have been WARNED, AmeriKa!!!!!!!!
Are you ready to start CRACKING SKULLS yet?
