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Bush is NOT in charge of the stock market

Posted By: Backwards typist on 2008-11-06
In Reply to: I am still scare of BUSH - bush is still in charge of the stock market

Wall Street,. Nancy Pelosi, Barney Fife, and the others are making it worse with all their stupid ideas.


They WANT this to happen and give more stimulus checks to people so the people will think they are the greatest since apple pie. 


I don't see any of them trying to figure out what to do that will help us except throw money away to the groups that are keeping the money to pay their bonuses and take trips.




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stock market
Everybody was playing on the fear factor. Panic sets in and everybody starts selling. According to what I have heard, there are now great stock buys and that is what they are seeing.

Everybody gets so wrapped up in this "sky is falling" mentality and that is what the government hopes.

All their little nay sayers trying to scare the sense out of everybody but what they are hearing from their constiuents say do NOT say yes to the bill. The people do not believe that everything is going to h@ll in a hand basket if they vote NO to the bill.

I'm sure a lot more votes would have been yes yesterday if it had not been for their constituents faxing, calling, and e-mailing telling them they oppose such bailout.
Well here we go. Stock market -411.30 plus

Barney Fife writing proposal now to bail out the automakers with $25B stipulating GOVERNMENT OWNERSHIP.


The government is backing away from buying troubled mortgages and now are going to put it in an investment program taking capital. The facts changed.  His approach is to give banks enough cash to keep homes on the books and keep cash in the banks.


They will not bail out those people who shouldn't have taken out the loans in the first place.


American Express is jumping on the bailout wagon requesting $3.5B.


They really opened a can of worms here.


So the stock market's down.... sm
How bad is it?  According to the article linked below...........

With Thursday’s rout, $8.3 trillion in stock market wealth has been erased in the last 13 months.

For more info......  http://www.nytimes.com/2008/11/21/business/21markets.html?pagewanted=1&_r=1
So what!!!! Where were you when the stock market went down
Haven't you learned your lesson yet. You only comment on a good day and remain silent with the rest of the crats on a bad day.

How many people on this board have been telling you to quit commenting every time the market hiccups. But you feel this need to only comment when it goes up.

Your post is not worth the time reading.
Hm-m-m. Anybody notice the stock market is up, and

financial gained 16% today. That's curious. Can someone explain why?


I just think it's because the stocks were so low yesterday that it was a buyer's market.


 


 


The stock market went from +250 to -150 after the vote. nm
.
Have you noticed how the stock market goes up
or how the media has been fueling that engine by pushing and pushing and obsessing over the cabinet appointments in search of dirt to dig up on them?

Obama has been trying to give voters a little reassurance, but I supposed lots of folks will find something wrong with that too.
The stock market will never, ever, see another dime of

who cares about the stock market anymore? it's
my stock-based 401K is all but gone, and even if i had the money next year, or ever, not a cent of it will ever go back into the stock market's house of cards. so i personally dont give a rip what happens to it from here on out.
And the stock market LOVES it while Boy Wonder flits around!
//
Guess that 1-day stock market rally didn't exactly
x
Stock Market diving since Obama spoke today.
nm
McCain has fogotten the stock market crash, mortgage/credit crisis,
unemployment rates, job losses, stagnant wages, rising prices in gas, food, health care, etc, etc, etc.
Obama has nothing to do with market... BUSH TANKED OUR COUNTRY nm
nm
Not sure I'd put much stock in

a not-very-scientific poll of under-18s.  I imagine they think it's...like... totally way-cool to be a hyphenated-American, whether they actually are, or not.  African-American, Asian-American, Hispanic-American,  Native-American, Vulcan-American..ya' know?  What ever....  


Back in the ླྀ's a friend of mine spent one summer with a mission group on an Indian reservation, and thereafter tried to pass herself off as full-blooded Sioux (which is unlikely when you're a blonde.)  It was just more interesting than being a white chick.


And why don't Caucasians get to use the hyphen?  Hardly anybody claims to be Irish-American, German-American, French-American, British-American (that sounds weird).


Maybe we should march and demand our rights.  Two!  Four!  Six!  Eight!  We wanna hyphenate!   Whitebread!  Whitebread!  Yeaaaaah!


I don't put much stock in polls....
however, McCain is the first to break the 50% mark. And I trust Gallup and rasmussen more than I trust Fox polls, CNN polls or other media outlet polls. Although CBS did show McCain with a lead too. Still, it is encouraging, and a pretty big whoop...lol
Stock Surge

March 13, 2009 8:42 AM


Citi Execs Make Killing On Stock Surge


Posted by Daniel Carty

 


Citigroup's recent upbeat news about its profitability has driven Wall Street's surge this week, but it also generated $2.2 million for four executives who bought millions of shares of company stock nine days ago, reports Bloomberg.

According to regulatory filings, director Roberto Hernandez bought 6 million shares on March 2 for an average price of $1.25. The stock touched a record low of $0.97 on March 5, but five days later CEO Vikram Pandit issued an internal memo saying the bank turned a profit over the first two months of the year. That news drove Citi shares up 47 percent to its Thursday close of $1.52, giving Hernandez a $1.7 million profit on paper, reports the news agency.

"You’re supposed to buy when everyone else is selling,” Bruce Foerster, a former Lehman Brothers Holdings Inc. managing director who now runs South Beach Capital Markets in Miami, told Bloomberg. He said banks have internal monitoring systems to keep an eye on executive trades and prevent abuses.

Other executives include Latin America CEO Manuel Medina-Mora, who bought 1.5 million shares on March 3 at an average price of $1.24, Vice Chairman Lewis Kaden with 100,000 shares and controller John Gerspach with 65,000, reports Bloomberg.

In the last year, Citi's stock value has plummeted 95 percent as the company has suffered five straight quarters of losses.

Hernandez said he plans to step down from Citi's board after the bank's annual meeting in April but will keep his non-executive chairmanship of the company's Mexican bank, Banamex, reports Bloomberg.


Who put you in charge?
Just because you decided to commemorate 9/11 by not posting on the forum today does not mean that we all have to follow your orders. Maybe some of us have more pertinent ways to commemorate this day. We are all free to choose whether we want to post on the forum today or not. Apparently, you felt free to post a message chastising others.
he is not in charge right now ....looks like it is up to us to help each other
And I am sure that those people will be counting on the charities that are already in place to get through the winter and holidays.
Exactly! O wants to be in charge, yet be
nm
Where women are little more than breeding stock???
If some women were a little more discerning about who they slept with and a little more careful about taking precautions, we would not have to fix 2000+ "oopses" in a day. So go right ahead...fund irresponsibility, infanticide, and baby killing. Knock yourself out. Make planned parenthood richer. don't you think there is something sick about making a profit from killing babies??
Stock up on blankets and firewood...... sm
It's gonna be a looooong hard winter.

I'm thankful that I do have fireplace and I know how to cook on an open fire if I need to. I have 2 redneck sons who can go shoot us some vittles, that is until the gun police come and confiscate them. I really feel for those folks in the cities who have no alternative but electric heat and what they can cook on their electric stove.
Maybe you shouldn't put too much stock in left-

leaning polling companies, Mrs.  The fact, Obamanation's poll numbers are dropping and dramatically.  However, I don't think he cares a fig.  His real agenda is to destroy the economy, and when anarchy comes and his mask removed, he'll institute marshal law, and set himself up as dictator.  That's his plan and those who pull his marionette strings.  He is tooooooooooooo stoooooooooopid to do it on his own.  That's what he has surrounded himself with left-wing America hating "experts."  You'll be singing a different tune before long.


 


 


Is Ted Kennedy in charge..
of how many evacuees his state takes in?  I guess I didn't realize that!  Could you explain that further?
Ted Kenney in charge

we'd all end up dead in a watery grave!  


What I want to know is who left you in charge?
nm
Who put you in charge of sway?
nm
We are not in charge of the world, sam.
nm
Has Obama ever been in charge of anything that
nm
Who has been in charge of the economy for the

Democrats own congress....... they are the ones responsible for the complete mess of this economy.   But because there is a republican president, the republicans get the blame. 


Republican president really can't get anything done with an all democrat congress. 


Who put you in charge of focus, Sam?
x
I am glad you are not in charge of that
right where it should. You are admitting to being a smoker now. You really should look back over your posts for the past few months and see what a profile you have painted of yourself!
Looks like Rush is still in charge...LOL

Rush Limbaugh critic Kevin Stevenson ousted as Marathon County Republican Party spokesman



By Robert Mentzer • Wausau Daily Herald • June 2, 2009


The Republican Party of Marathon County has stripped its spokesman of his title less than three months after he wrote a column critical of conservative talk radio star Rush Limbaugh.





Kevin Stevenson said he believes his March guest column in the Wausau Daily Herald criticizing Limbaugh turned local party members against him.

"They felt I was too moderate in what I was speaking and printing," he said.


Stevenson, who characterizes himself as a "John McCain-type of Republican," said the conflict was a microcosm of a national debate about what political message to put forward. A debate at a local Republican meeting on Thursday "got hostile and it got personal," he said.


When Stevenson criticized Limbaugh for saying he wanted President Barack Obama to fail, other local Republicans wrote to the newspaper, arguing that conservatives ought to want Obama's policies to fail.


"This is just part of what you're seeing nationwide," he said. "(Party members) know that I don't agree with Rush Limbaugh. Rush Limbaugh is hurting us more than helping us."


Kevin Hermening, the local Republican Party treasurer and a past president, said although Stevenson's columns were circulated among the party's executive committee, they did not always represent the views of most members.


“He was sharing a moderate view in his columns, which I think is terrific,” Hermening said. "If the leadership had wanted a more moderate position, we would have let him (continue)."


Stevenson, who lives in Lincoln County, was removed when the party adopted a new interpretation of residency -- but he said he considered that an excuse. Stevenson had previously been included because he owns land in neighboring Marathon County.


Party Chairman Joe Wachtel said he disagreed with the decision to remove Stevenson as spokesman, but that he also disagreed with a moderate position.


"I don't think the Republican Party and the conservative movement is going to be served by being Democrat-lite," Wachtel said.


___________________________


Side note:  I wonder if Rush is going to kick Nancy Reagan out of the party since she said nice things about Pelosi......ROFL.


that's your problem. You put too much stock in a book written
Why do people say no flames please when they make inflamatory statements? You must like the attention.
Don't forget to stock up on those tin foil hats!
x
Excuse me? Sorry, I was diversifying my stock portfolio
don't care about the debate - just stated my opinion. And, yes, I like sitting on my butt and making money = "open your own company." Mmmm hmmm. Works like a charm, eh?
huh, what does that have to do with the market
going down while the O's been in office.

Your attempt at a joke is lame.
Senator Sold Stock Before Price Dropped

Martha Stewart comes to mind.


Shares Fell Two Weeks Later



By Jonathan M. Katz
Associated Press
Wednesday, September 21, 2005; Page A03



Senate Majority Leader Bill Frist, a potential presidential candidate in 2008, sold all his stock in his family's hospital corporation about two weeks before it issued a disappointing earnings report and the price fell nearly 15 percent.


Frist held an undisclosed amount of stock in Hospital Corporation of America, based in Nashville, the nation's largest for-profit hospital chain. On June 13, he instructed the trustee managing the assets to sell his HCA shares and those of his wife and children, said Amy Call, a spokeswoman for Frist.







 

 

 

 

 


 

Frist's shares were sold by July 1 and those of his wife and children by July 8, Call said. The trustee decided when to sell the shares, and the Tennessee Republican had no control over the exact time they were sold, she said.


HCA shares peaked at midyear, climbing to $58.22 a share on June 22. After slipping slightly for two weeks, the price fell to $49.90 on July 13 after the company announced its quarterly earnings would not meet analysts' expectations. On Tuesday, the shares closed at $48.76.


The value of Frist's stock at the time of the sale was not disclosed. Earlier this year, he reported holding blind trusts valued at $7 million to $35 million.


Blind trusts are used to avoid conflicts of interest. Assets are turned over to a trustee who manages them without divulging any purchases or sales and reports only the total value and income earned to the owner.


To keep the trust blind, Frist was not allowed to know how much HCA stock he owned, Call said, but he was allowed to ask for all of it to be sold.


Frist, a surgeon first elected to the Senate in 1994, had been criticized for maintaining the holdings while dealing with legislation affecting the medical industry and managed care. Call said the Senate Select Committee on Ethics has found nothing wrong with Frist's holdings in the company in a blind trust.


To avoid any appearance of a conflict of interest, Senator Frist went beyond what ethics requires and sold the stock, Call said. Asked why he had not done so before, she said, I don't know that he's been worried about it in the past.


An HCA spokesman said the company had no part in Frist's decision.


Frist's father, Thomas, founded the company, and his brother, Thomas Jr., is a director and leading stockholder. The family is worth $1.1 billion, according to Forbes magazine.


HCA -- formerly known as Columbia HCA Healthcare Corp. -- has been a top contributor to the senator's campaigns, donating $83,450 since 1989, according to the Center for Responsive Politics.


The sale of the shares was first reported by Congressional Quarterly.



The economy was ruined by corporate greed, stock
* nm *
They're the laughing stock of the journalistic community. LOL
nm
Pretty weak charge if you ask me.

It'll probably be dropped in a few days but not until the media is allowed to have their way with them, and the liberal bloggers tar and feather him.  Does anyone remember travelgate and the Clinton land deal scandals.  I'm sure you dems/liberals don't recall that at all....


Before you start condemning one Republican politician to hell you better take a look into your own party's closet.


JM is totally innocent of this same charge?
publically stepped up and appealed to his supporters to rein it in. O at least tries to do this when he sees tings getting out of hand.
False charge exposed
RE: Obama filed lawsuit that "bullied" banks into giving risky loans.

Buycks-Roberson vs CitiBank Federal Savings Bank 1994. This was a class action lawuit which sought to challenge the practice of redlining, based on the 14th Amendment requirement of "fair and equal treatment for all citizens." The lawsuit charged that CitiBank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. This was settled out of court. Some class members received cash payments and CitiBank revised its discriminatory lending practice policies.

The action was brought against a single bank…CitiBank, though redlining was a widespread practice at the time. Obama DID NOT FILE this lawsuit. He was a junior member of an 8-member team that worked on the case. The lead attorney for CitiBank does not recall ever seeing Obama in the court during the proceedings. Obama charged a total of 2 hours and 50 minutes for his work on the case for reviewing some documents before a deposition and appeared ONCE before the judge to request an extension of time for filing a response to a motion in the case.

This decision did not "force banks" to do anything except to process minority loan applications the same as they were processing loans to white applicants. If this outcome in any way contributed to the mortgage crisis some 14 years later, it would be based on the fact that the banks were already handing out those "bad loans" hand-over-fist to the white applicants…a practice they agreed to extend to ALL applicants as "fair and equal treatment" under the 14th Amendment.

Once the facts get a thorough look-see, it becomes evident that the charges the McCain camp are trying to lay on Obama are (surprise, surprise) patently false.

Who do you propose should be in charge of deciding
You are not in charge of punishing Dr. Ayers...it is a legal matter that evidently was resolved 4 decades ago. Since that time he has become a contributing member of society and it would be a waste of talent to shun him and brand him with a scarlet letter.
Where is it documented that the man in charge of the bailout...
is Muslim? He's Indian-American by all I can find out. Would not matter if he was Muslim; however, I can't find anything credible saying that he is.
Palin is very intelligent and actually been in charge
nm
Whose in charge of this anti-IQ crusade?
An ineffective tactic to use to try to excuse a sitting president's white matter deficit.
Really? Then why are they all still in charge of the purse strings?
They are set to dig us into a bigger, bottomless pit of liberal pet programs and bailouts and stimulus.
It will only get much worse with Obama in charge
He promotes that divide.....he just has a sneaky way of doing it. He lets others do their talking up there, while he says nothing against their racist remarks. The NAACP for instance was formed way back when but really has no place in our society today. Now think about this......if there were a group for ONLY whites (and I don't mean the KKK) which is no doubt where many minds will go, wouldn't there be an uproar about that. They would be called racists....how dare they promote WHITE opportunities, jobs, educations, etc. You're right, forming special interest groups does nothing to promite equality, but I can guarantee you will see more and more racists things coming down the pike; just hide and watch.

So far, they have singled out white males to not give jobs to.....now if a leader sat up there and said those same words about blacks, it would hit the fan and you know it.....

Funny how the liberals just sit up and there and keep their mouths shut, most of them all the way to being without a job, as they are white males as well.
Once again, class, WHO is in charge of the military?
.
Matters not one whit....he is now in charge of
.