Wall Street tumbles as fear grips the markets

Can anyone see the NAU on the horizon at all, I am convinced that all these events are controlled and connected and its all part of the big plan to have 3 spheres of influence in the World.

Grim Illusions.

Very good debate between the two of you there, good discussion all around. Isn't it nice when people can be civil? Unlike the servile servant who will be whomping you with a billy club if things get out of hand.

To serve and protect the reckless spenders vested interests.

*sigh* sometimes people are too busy panicing to see the real picture.


Ok, first off, if citicorpse or any of these other banks fail, life will go on in oh, approximately a week. Why? Sellouts and auctions. Other banks will buy up these assets like a fat kid on free mcdonalds fries because of the income and the PMI attached to a lot of these newer loans.

Secondly, the defeat of the bailout is actually a good move for us becuase its going to keep the country from basically printing up 700 billion dollars and injecting them into the economy. that will spike inflation pretty bad.

Someone hit it right on the head earlier. The thingto watch is people who did save and act conservatively in past years start eating up all these foreclosed properties for pennies on the dollar. It was said before and it's true. When people get greedy, its time to get scared, when people get scared, its time to get greedy.

People are scared right now and panicing. they're pulling out of some sectors of the stock market, and creating an avalanche, but what is the real outcome? We're going to overall have a lot less deficit spending on the part of the investor and the consumer. While its going to hurt worse than and endoscopy with a louisville slugger at first, it will actually strengthen teh dollar in the mid-run and (hopefully) create a new period of overall strengthening of the dollar and more 'sane' spending and money usage.

Yeah, some people might get their jobs shifted. You're going to have to lose your ego and maybe start in teh ground floor of another place or even a new profession. hey, that's the breaks. Many won't be affected at all.

You want to guarantee a decent sustainable income if you overspent on your house? Take a good look and economize your living space, realize that a single person doesn't need a 3 bedroom/2bath house and take on a border. Put that money that you're getting extra on your mortgage and pay it off early. Heck, put half in teh bak, and the other half on your mortgage and stage the savings for payments on down teh road. Buy a cheap 2 or 3 flat in teh city, find a handyman and rent the basement for cheap for services rendered and rent out the remaining space for what you can and pour the money into your bills.

Most people spend like they diet, which is why we have so many poor fat people nowadays. When you lose your job is the time to spend money. Get a new suit, haircut, professional resume, etc and really polish your appearance for job hunting. Be prepared to hit the local temp service to at least keep money flowing. Ask about a hardship waiver from your bank and make arrangements. communicate communicate communicate, that is the key.

Beleive it or not, that bank does not want to foreclose on you, they want your damn money, not the overhead of selling and administrating a house. Take you money out of these big corporate banks and get into a decent credit union. Hell, if you have a craft you enjoy, think about opening an ebay store. I have an ex who's mother sells day of the dead sugar skulls on there and makes a decent buck on the side. Its not enough to live on, but its enough to let a person say "I think we'll have steak tonight" here and there. and its something she likes doing.

you see, everyone wants a big pile of money right now. if you look at a lot of your 'rich' people and those that are stable rich, look at how they started and how many of them still make most of their gross.. its all little streams of money coming in.