IS the sky falling?

[L8 APEX]

With all these billions in Govt bailouts are we in deep trouble? I have pretty much given up on getting any loans now...
With the Govt controlling AIG, Fannie and Freddie... That is scary in itself... It mimics todays bad parenting like sports with no losers... With no consequences of failure how will business learn to be responsible?...
Like Doug posted, oil was under 10 bucks a barrel yet gas is still over 3.50 and rising...

[dboat]

With all these billions in Govt bailouts are we in deep trouble? I have pretty much given up on getting any loans now...
With the Govt controlling AIG, Fannie and Freddie... That is scary in itself... It mimics todays bad parenting like sports with no losers... With no consequences of failure how will business learn to be responsible?...
Like Doug posted, oil was under 10 bucks a barrel yet gas is still over 3.50 and rising...

We are not in deep trouble but a lack of true oversight and greed has caused this to occur. There are some consequences, as there will be great scrutiny to see what happens to the CEO's of these companies. Dont forget that Fannie Mae and Freddie Mac were quasi governmental companies to begin with, its the AIG issue that has most concerned but now the Feds (us, think taxpayers) own 85% of it. If you think that being owned by the Feds is a walk in the park, think again. I can guarantee you that they will want to be out from under that one asap.
The real reason for the move by the Feds on both is that to allow them to go down would cause some movement on the rest of the market that would be hard to stop (think lemmings). The Fed felt that it was necessary to make this move not only for our markets but also for foreign markets as well. Be careful, the Dems want the economy to really tank to try to assure the presidential election. This is not something that was caused by the Repubs, but moreso by the Banking oversight in the congress, so check on Chris Dodd and Barney Franks...
We are entering a bear market which also means its a good time to buy stocks for the ride back up.

In regard to getting a loan, it will revert to when there was more of a real check on ones ability to pay rather than just opening the doors and making loans to virtually anyone. So if your credit is decent, you shouldnt have a problem. But I dont expect to see 0% down or interest only loans being made in the near future either.

Dana

[Shiner1]

We are not in deep trouble but a lack of true oversight and greed has caused this to occur. There are some consequences, as there will be great scrutiny to see what happens to the CEO's of these companies. Dont forget that Fannie Mae and Freddie Mac were quasi governmental companies to begin with, its the AIG issue that has most concerned but now the Feds (us, think taxpayers) own 85% of it. If you think that being owned by the Feds is a walk in the park, think again. I can guarantee you that they will want to be out from under that one asap.
The real reason for the move by the Feds on both is that to allow them to go down would cause some movement on the rest of the market that would be hard to stop (think lemmings). The Fed felt that it was necessary to make this move not only for our markets but also for foreign markets as well. Be careful, the Dems want the economy to really tank to try to assure the presidential election. This is not something that was caused by the Repubs, but moreso by the Banking oversight in the congress, so check on Chris Dodd and Barney Franks...
We are entering a bear market which also means its a good time to buy stocks for the ride back up.

In regard to getting a loan, it will revert to when there was more of a real check on ones ability to pay rather than just opening the doors and making loans to virtually anyone. So if your credit is decent, you shouldnt have a problem. But I dont expect to see 0% down or interest only loans being made in the near future either.

Dana

Good call Dana. I've already seen the commercials where the Obama camp is trying to blame Bush for the lack of congressional oversite when it comes to regulation.

[toddwarren]

Terry, Buy, Buy the market is sky rocketing today!!!

[dboat]

And the market jumped back up 400 pts the next day...

oh yeah, that was Bush's fault too.. am still waiting for Nancy Pelosi to give him credit for that too.. :mad:

Dana