Dow Crash Coming To Your 401K (2007 to 2022)

[benz]

Sept 7 2008 The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.


Treasury Secretary Henry Paulson says the actions were being taken because "Fannie Mae and Freddie Mac are so large and so interwoven in our financial system that a failure of either of them would cause great turmoil in our financial markets here at home and around the globe."

smart move to avoid fighting me, wallstreet janitor

[Slapper]

smart move to avoid fighting me, wallstreet janitor

Yes, but the difference is that Wall Street janitors make 100k a year.

[benz]

Yes, but the difference is that Wall Street janitors make 100k a year.

useless when you trusted your anonimity to one of the many sniffed aol proxies 

[Neurotoxin]

now for the next taxpayer bailout.....the US auto industry.  


NT



Sept 7 2008   US Auto industry allies hope to secure up to $50 billion in low interest government loans this month that would pay to modernize plants and help struggling US car makers build more fuel-efficient vehicles.

The situation is growing dire after months of tumbling sales, high gasoline prices and consumers' abandoning profitable US trucks and sport utility vehicles.

Industry leaders have argued that the loan guarantees are not a government bailout because it would hasten production of fuel-efficient vehicles and reduce dependence on imported oil.

[Bindare_Dundat]

Sept 7 2008 The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.


Treasury Secretary Henry Paulson says ,"We must serve our Chinese masters or they will pull out all their money and we will be fucked!"[/u]

[Neurotoxin]

September 6, 2008

Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development.

It was the 11th failure this year of a federally insured bank.

Nevada regulators closed Silver State and the Federal Deposit Insurance Corp. was appointed receiver of the bank, based in Henderson, Nev.

Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp. Andrew McCain also was a member of the bank's audit committee, responsible for oversight of the company's accounting.

[Bindare_Dundat]

September 6, 2008



Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp. Andrew McCain also was a member of the bank's audit committee, responsible for oversight of the company's accounting.

Like father, like son.

[Neurotoxin]

Sept 7 2008 The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.


Treasury Secretary Henry Paulson says the actions were being taken because "Fannie Mae and Freddie Mac are so large and so interwoven in our financial system that a failure of either of them would cause great turmoil in our financial markets here at home and around the globe."

with the fed taking over control of fannie and freddie this weekend, expect a big short cover/suckers rally today.




NT

[Neurotoxin]

Taxpayers take on trillions in risk in Fannie, Freddie takeover



Sept.8 2008  The unprecedented federal takeover of mortgage giants Freddie Mac and Fannie Mae announced on Sunday is a bold attempt to stabilize financial markets and restore the faltering housing market, but it thrusts trillions of dollars of risk directly onto taxpayers' shoulders.




the new face of "Free Markets" and "Capitalism" in America.     




NT

[Neurotoxin]

with the fed taking over control of fannie and freddie this weekend, expect a big short cover/suckers rally today.




NT

U.S. Stocks Rise, Joining Global Rally, on Fannie, Freddie Plan



 Sept. 8  U.S. stocks climbed, adding to a rally across Europe and Asia, on speculation the government takeover of Fannie Mae and Freddie Mac will stabilize the global financial system battered by $507 billion in credit losses.


The Standard & Poor's 500 Index surged 25.48 points, or 2.1 percent, to 1,267.79, its steepest gain since Aug. 8. The Dow Jones Industrial Average rose 289.78, or 2.6 percent, to 11,510.74. The Nasdaq Composite Index increased 13.88, or 0.6 percent, to 2,269.76. Almost three stocks climbed for each that fell on the New York Stock Exchange.



NT

[Bindare_Dundat]

Lets face it, we were going down and if it wasnt for all the manipulation, and bailing out and on and on, America would be crippled right now but these are all band aid solutions, just putting the problem off for another day. How many more holes can these guys plug before the whole thing just blows?

[Neurotoxin]

September 9, 2008
A day after the government takeover of Fannie Mae and Freddie Mac helped ease investors' nervousness about the housing and financial markets, markets were roiled anew by worries about the health of Lehman Brothers Holdings.


The Dow Jones Industrial Average fell by about 280 points to around 11,230. Other indexes saw even sharper declines. The Standard & Poor's 500 Index fell 2.7% to around 1233. The Nasdaq Composite Index fell 2.1% to roughly 2222. The Russell 2000 index of small-cap stocks shed 2.7%.



NT

[boonasty]

neurotoxin do you have any theory of why metals are performing so poorly right now

[Neurotoxin]

neurotoxin do you have any theory of why metals are performing so poorly right now

IMO, metals and oil are being sold off to prop up the worthless dollar, and lower fuel costs before the Nov. election.



NT

[stormshadow]

IMO, metals and oil are being sold off to prop up the worthless dollar, and lower fuel costs before the Nov. election.



NT

What is the logic behind making things better before the election?  Is it to foster an acceptance for the new president?

[Neurotoxin]

Sept 7 2008  The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.

Treasury Secretary Henry Paulson says the actions were being taken because "Fannie Mae and Freddie Mac are so large and so interwoven in our financial system that a failure of either of them would cause great turmoil in our financial markets here at home and around the globe." 

gbers, here's the real reason:

the Fed was forced to buy freddie and fannie because countries like China bought billions of our mortgage-backed securities (MBS) that are now worthless. if the companies went bankrupt, China would get nothing in return.

NEVER piss off your banker. 


NT

[Neurotoxin]

Stocks tumbled Tuesday, nearly erasing the previous session's big gains, after fresh concerns about the stability of Lehman Brothers Holdings Inc.


NT

[Bindare_Dundat]

Senator Bunning Says Paulson Acts Like Socialist, Should Resign  



Senator Jim Bunning said Treasury Secretary Henry Paulson, by rescuing Fannie Mae and Freddie Mac, is acting like China's finance minister and both Paulson and Federal Reserve Chairman Ben S. Bernanke should step down.

``I sincerely believe that Henry Paulson and Ben Bernanke should resign,'' said Bunning, a Republican from Kentucky on the Senate Banking Committee. ``They have taken the free market out of the free market.''

``We no longer have a free market in the United States, we have a government controlled free market,'' Bunning said in an interview. Paulson, a former chief executive officer of Goldman Sachs Group Inc., `is acting like the minister of finance in China.'' 

Wow, a senator that makes some sense. It's unconstitutional to be doing this.

[Neurotoxin]

Fannie Mae (FNM) and Freddie Mac (FRE) will be removed from the S&P 500 Index after Wednesday's close of trading. Fannie and Freddie no longer meet the minimum market capitalization to be eligible for Index listing.



NT

[240 is Back]

it's true. 

This sunday, we'll have lehman and ford receiving quiet govt donations of 100 and 50 bill, right?

[Mark Kerr]

right now manipulation is all the Fed has to keep this market afloat.

that, and hank paulson. 


NT

How long can the Feds keep the market afloat?

[Neurotoxin]

How long can the Feds keep the market afloat?

they can't. they just slow the markets downward progression in an orderly fashion to avoid panic selloffs. only if the world markets sour on our stock market, will we crash ( bigtime.)

not until we straighten out the banking/financial crisis, will the market turn bullish.

also, right now the Fed is locked in a proverbial corner. if they don't bailout bear, freddie, fannie, lehman, etc. China stands to lose 1 Trillion+ dollars in Mortgage Backed Security's (MBS) sold to them by these US companies.

considering China lends the US 2 Billion dollars per day for our deficit alone. not including 12 Billion dollars per month for financing the iraq war. do you think they would embrace losing 1 Trillion+ while helping the US stay afloat ? not on your life.

the "richest nation in the world"......is broke.

THAT is the reason the Fed. is taking over privately held companies.



NT

 




 

[Neurotoxin]

Sept. 10  Lehman Brothers Holdings Inc., reporting the biggest loss in its 158-year history, said it will sell a majority stake in its asset-management unit, spin off real-estate holdings and cut the dividend in an effort to shore up capital and regain investor confidence.

Lehman fell almost 7 percent in New York trading after posting a $3.9 billion third-quarter loss on $5.6 billion of writedowns, worse than the $2.2 billion loss analysts had predicted.



NT

[Neurotoxin]

who's next after Lehman ?



Washington Mutual Inc. shares slumped 30% on Wednesday as concerns about the ability of the nation's largest thrift to survive the credit crunch increased.



NT

[Bindare_Dundat]

who's next after Lehman ?



Washington Mutual Inc. shares slumped 30% on Wednesday as concerns about the ability of the nation's largest thrift to survive the credit crunch increased.



NT

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this is awesome!

hahahahahahahahahahahaha

burn baby, burn