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Old 03-05-2009, 10:00 PM
 
Location: Iowa, Heartland of Murica
3,433 posts, read 5,789,887 times
Reputation: 3419

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I was reading the Wall Street Journal at work today and I do not need any more evidence that we are headed towards complete disaster! I don't know if anybody else read the news but the FDIC is running out of money! They will be broke in exactly 6 months! The only way the FDIC will be able to survive is by charging banks outrageous fees which will lead to the failure of many banks. Now, if you are a consumer, would you keep your money in a bank that is not FDIC insured? In addition, the commercial real estate crash is just around the corner. Once we start to see more commercial mortgage defaults, the entire banking system might just collapse along with the FDIC.
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Old 03-05-2009, 10:12 PM
 
Location: Brooklyn
40,051 posts, read 31,878,693 times
Reputation: 10543
How many of these end-of-the-republic threads are you going to start? One should have been plenty.
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Old 03-05-2009, 10:17 PM
 
2,659 posts, read 2,691,798 times
Reputation: 366
At least one a day is the MO lately.
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Old 03-05-2009, 10:25 PM
 
435 posts, read 570,542 times
Reputation: 156
Default For all that voted for Obama enjoy your ride to the Abyss

You voted for Obama enjoy your 401k disappear in front of your eyes. Enjoy losing your home and your job. Welcome to Obama Nation were we all the same poor.
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Old 03-05-2009, 10:27 PM
 
Location: Iowa, Heartland of Murica
3,433 posts, read 5,789,887 times
Reputation: 3419
Quote:
Originally Posted by Fred314X View Post
How many of these end-of-the-republic threads are you going to start? One should have been plenty.
I am sorry that you are still under Obama's hypnosis. I have been following the financial markets for the last 15 years and what we are going through right now is unprecedented. Maybe it is a good time to start paying attention!
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Old 03-05-2009, 10:34 PM
 
11,126 posts, read 13,189,946 times
Reputation: 3687
Quote:
Originally Posted by Repubocrat View Post
I am sorry that you are still under Obama's hypnosis. I have been following the financial markets for the last 15 years and what we are going through right now is unprecedented. Maybe it is a good time to start paying attention!
You have been following the markets for 15 years and others have been following it 20,30, even 50 years, and yet both Democrats and Republicans alike, some of the worlds finest economic minds all just let this little crisis develop and you didn't say a word? You just now figured out were in a predicament? Of course its Obama's fault, right? Now this bail out stuff has many things I disagree with and make no sense to me as to how it will help us out, but there are a good number of real economic guru's out there who believe in this thing and they have worked for both Republican and Democratic administrations.

I have been mowing my grass for at least 15 years and I couldn't give you an accurate description how photosynthesis uses sunlight to covert carbon dioxide and starches down to usable compounds such as sugars. I can tell you that if I forget to pay attention and mow my grass as I sit and have a BBQ, drink beer, and watch the stock market all day that my grass will grow to the point it gets out of hand and has to be bush hogged instead of mowed.
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Old 03-05-2009, 10:40 PM
 
226 posts, read 288,915 times
Reputation: 93
I would never keep money if they weren't insured, that would be crazy. We will see more banks fail, unemployment will surely keep rising. This will not be fixed overnight or for quite a few years to come. This is the worst it's been in a very long time. It isn't just another recession.
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Old 03-05-2009, 10:42 PM
 
Location: San Diego, CA
4,883 posts, read 7,654,502 times
Reputation: 1905
Is it time for the nightly barrage of nutty Republicrat threads?
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Old 03-05-2009, 10:43 PM
 
Location: San Diego, CA
4,883 posts, read 7,654,502 times
Reputation: 1905
Quote:
Originally Posted by Fred314X View Post
How many of these end-of-the-republic threads are you going to start? One should have been plenty.
I likes to start no less then 3 threads on the same subject each day. Personally, I wish the mods would limit people to 2 threads per day and make people use existing threads if the topic is the same. That way you don't have to wade through so much garbage to find the decent threads.
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Old 03-05-2009, 10:47 PM
 
19,215 posts, read 13,862,483 times
Reputation: 2337
Quote:
Originally Posted by New Order View Post
You voted for Obama enjoy your 401k disappear in front of your eyes. Enjoy losing your home and your job. Welcome to Obama Nation were we all the same poor.
It's all just a bad dream.


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