vianegativa: (Default)
[personal profile] vianegativa
If you are NOT worried by the Lehman Brothers filing for Chapter 11 debt protection...

If you are NOT worried by the Merrill Lynch being bought out by Bank of America on the cheap, creating the world's largest financial services company, whose credit rating was IMMEDIATELY downgraded...

If you are NOT worried that crude oil is trading below $100 per barrel and it's still not enough to overcome the bearish sentiment in the markets...

Then you must be voting for McCain.

As well as being galactically stupid.

Bank failure is NOT the sign of a recovering economy and this is only the beginning, I think. I expect Washington Mutual to post very bad news shortly as well.

Un-frakking believable.

I know!

Date: 2008-09-15 04:28 pm (UTC)
From: [identity profile] tolkiencub.livejournal.com
I expect to hear that electronic trading is halted to prevent more of a slide.

The UK went kablooey after Barclays withdrew from the Lehman deal - such a bad PR nightmare to have BARCLAYS pull out.

Oy. So horrifying.

Date: 2008-09-15 04:28 pm (UTC)
From: [identity profile] benpanced.livejournal.com
And if you think the Dow Jones is down "only" 2.0% and the NASDAQ is down "only" 1.0%, you really have no clue how things are slipping.

And if you seriously believe Shrubya when he tells you "the economy's strong enough to weather this hardship", you must be beyond galactically stupid.
Edited Date: 2008-09-15 04:29 pm (UTC)

Date: 2008-09-15 05:05 pm (UTC)
jss: (badger)
From: [personal profile] jss
I thought Lehman was in chapter 11, not 13.

Date: 2008-09-15 05:49 pm (UTC)
From: [identity profile] vianegativa.livejournal.com
You are correct; I misspoke.

Date: 2008-09-15 05:19 pm (UTC)
From: [identity profile] betamorphosis.livejournal.com
This was all brought to us by our special friends at the Republican Party, who have been loosening regulations since Reagan on banking.

'Cause the Great Depression was just some dumb poor people who didn't know to get out of the dust. That had NOTHING to do with speculation or anything.

All of these companies are now so many sandcastles in the air. They're about to collapse on us. So instead of a Dust Bowl, we'll have a sand storm.

Date: 2008-09-15 10:33 pm (UTC)
From: [identity profile] jayjaybear.livejournal.com
But...but...but...I thought deregulation meant FREEDOM! St. Ronnie said so!

Date: 2008-09-15 06:31 pm (UTC)
From: [identity profile] gray-fluid.livejournal.com
galactica!


fraking!!


YOU'RE A SKIN JOB !!!

Date: 2008-09-15 06:48 pm (UTC)
From: [identity profile] vianegativa.livejournal.com
Maybe.

You'll simply have to have sex with me to see if my spine glows red. :-)

Date: 2008-09-15 06:50 pm (UTC)
From: [identity profile] gray-fluid.livejournal.com
oh..........well...........twist my arm........whydoncha

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