Well, Here's to the Depression!

[Funk_Buddy]

The way it was explained to me is kind of like someone borrowing 120% of their homes value with a sub prime loan, then the housing market drops out and they're screwed. So my house is $100K and I borrow $120K then the house is only valued at $70K due to the drop. Well, I think that's the way they said it.

The largest stock holder lost $450 million.

[Funk_Buddy]

Don't worry... the Messiah will "change" everything for us.

What, they got an even cheaper Famiclone coming out that we can all afford?  

I thought they went out of business?

[Sirgin]

The largest stock holder lost $450 million.

Ouch! Must've been a painful day for him/her/them

[Haoie]

Hey, times are tough for a lot of people.

Take me. I didn't get that raise I was pining for. But I didn't get laid off either, thankfully.

[Funk_Buddy]

The largest stock holder lost $450 million.

Ouch! Must've been a painful day for him/her/them

It was one guy.

[dotDarkCloud (dDC)]

I'm just glad I live in a place where the economy is picking up. My province had a mini depression/recession in the '80s, but now we've got oil. Hooray!

[TraderJake]

WHOOO DOWN 459 POINTS TODAY!

[logical123]

WHOOO DOWN 459 POINTS TODAY!

WTF?

[The Metamorphosing Leon]

Here's what all your bigger socialized governments have given you: a shit covered roller-coaster ride to God knows where. It's not the end of the world yet, but shit needs to turn around. The government needs to sever all ties to business and let the market run its course. Seriously though, I just spent the better part of a week in a crippled city, my outlook on things is a bit dour, but this can't continue--if Obama gets elected I'd suggest taking to the streets and grabbing as much stuff as you can o.0

[logical123]

Here's what all your bigger socialized governments have given you: a shit covered roller-coaster ride to God knows where. It's not the end of the world yet, but shit needs to turn around. The government needs to sever all ties to business and let the market run its course. Seriously though, I just spent the better part of a week in a crippled city, my outlook on things is a bit dour, but this can't continue--if Obama gets elected I'd suggest taking to the streets and grabbing as much stuff as you can o.0

It'll happen either way. Obama will make the downfall painless and quick. McCain will let us suffer and drink with his buddies, but under McCain, it won't happen until early 2010. Now or Later... that is the question...

I say now, and I also think that Obama will not let it happen for too long, but he will indeed let it happen.

[Sirgin]

It'll happen either way. Obama will make the downfall painless and quick. McCain will let us suffer and drink with his buddies, but under McCain, it won't happen until early 2010. Now or Later... that is the question...

I say now, and I also think that Obama will not let it happen for too long, but he will indeed let it happen.

I agree with you. I don't think Mccain realises how bad the economy really is. Things aren't going well, so it's better going for change than to have a president that'll do the same as the current one is doing.

[Tondog]

I don't think Mccain realises how bad the economy really is. Things aren't going well, so it's better going for change than to have a president that'll do the same as the current one is doing.

You're damn right he doesn't. Hell, on Monday he said the fundamentals of our economy are strong. Really John? REALLY?

[The Metamorphosing Leon]

Here's what all your bigger socialized governments have given you: a shit covered roller-coaster ride to God knows where. It's not the end of the world yet, but shit needs to turn around. The government needs to sever all ties to business and let the market run its course. Seriously though, I just spent the better part of a week in a crippled city, my outlook on things is a bit dour, but this can't continue--if Obama gets elected I'd suggest taking to the streets and grabbing as much stuff as you can o.0

It'll happen either way. Obama will make the downfall painless and quick. McCain will let us suffer and drink with his buddies, but under McCain, it won't happen until early 2010. Now or Later... that is the question...

I say now, and I also think that Obama will not let it happen for too long, but he will indeed let it happen.

Mind explaining yourself? You seem to be making rather broad assumptions for both candidates as well as the economy.

I don't think Mccain realises how bad the economy really is. Things aren't going well, so it's better going for change than to have a president that'll do the same as the current one is doing.

You're damn right he doesn't. Hell, on Monday he said the fundamentals of our economy are strong. Really John? REALLY?

And, although I can't see the context because the link doesn't work and I'm far too lazy to fix it, the fundamentals of the American economy ARE strong. The capitalist system works extremely well when politicians stay the hell away and the market is allowed to run its course. Over the past century more and more government control and influence has seeped into the economy, and now we sit on the brink of what happened to the Soviet Union. Companies need to rise and fall, not strung along and bailed out by an already stretched too far government. As I stated earlier, the most brilliant minds in the country go to Wall Street, and their opinions are being over-ruled by politicians who have no business in business.

[Sirgin]

And, although I can't see the context because the link doesn't work and I'm far too lazy to fix it, the fundamentals of the American economy ARE strong. The capitalist system works extremely well when politicians stay the hell away and the market is allowed to run its course. Over the past century more and more government control and influence has seeped into the economy, and now we sit on the brink of what happened to the Soviet Union. Companies need to rise and fall, not strung along and bailed out by an already stretched too far government. As I stated earlier, the most brilliant minds in the country go to Wall Street, and their opinions are being over-ruled by politicians who have no business in business.

I see your point but the past has proven that "pure" capitalism or liberalism (however you want to call it) doesn't work. It's important to have a government that steps in now and then, especially during a crisis. Didn't Roosevelt do the same thing?

But if you like a country where the wealthy stay wealthy (or become more rich) with the rest of the population close to poverty; then in that case, pure capitalism without government interference does work indeed...

But trust me: the US is far away from what happened to the Soviet Union. Let's not over-dramatize things either (I'm not saying the situation shouldn't be taken seriously. It should, but it's not that bad just yet.)

[The Metamorphosing Leon]

And, although I can't see the context because the link doesn't work and I'm far too lazy to fix it, the fundamentals of the American economy ARE strong. The capitalist system works extremely well when politicians stay the hell away and the market is allowed to run its course. Over the past century more and more government control and influence has seeped into the economy, and now we sit on the brink of what happened to the Soviet Union. Companies need to rise and fall, not strung along and bailed out by an already stretched too far government. As I stated earlier, the most brilliant minds in the country go to Wall Street, and their opinions are being over-ruled by politicians who have no business in business.

I see your point but the past has proven that "pure" capitalism or liberalism (however you want to call it) doesn't work. It's important to have a government that steps in now and then, especially during a crisis. Didn't Roosevelt do the same thing?

But if you like a country where the wealthy stay wealthy (or become more rich) with the rest of the population close to poverty; then in that case, pure capitalism without government interference does work indeed...

But trust me: the US is far away from what happened to the Soviet Union. Let's not over-dramatize things either (I'm not saying the situation shouldn't be taken seriously. It should, but it's not that bad just yet.)

Roosevelt didn't do a God damned thing, it was WWII that brought us out of the depression.

The government should put down regulations, yes, but that is all. The politicians should not be using OUR money to play teeter totter with the economy. That's what WE do as consumers and workers. And hell, if these things must be done at least LISTEN TO THE EXPERTS.

I'll ramble more later, peeps downsstairs.