Cause:
The Senator from Nevada, last night: "We don't have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company -- a major insurance company -- one with a name that everyone knows that's on the verge of going bankrupt. That's what this is all about."
Effect?:
* METLIFE CREDIT SWAPS CLIMB 97 BPS TO 583 BPS, C
* PRUDENTIAL CREDIT SWAPS JUMP 125 BPS TO 617 BPS
* HARTFORD CREDIT SWAPS CLIMB 165 BPS TO 675 BPS
May we suggest, since Congress is in a prevention kind of mood:
AMENDMENT NO. _______
Calendar No. _________
Purpose: To silence Harry Reid during times of crisis, war, when Congress is in session, and such other times as may be deemed necessary and expedient.
IN THE SENATE OF THE UNITED STATES--110th Cong., 2d Sess.
H. R. 3997
Posted by guest , Oct 02, 2008 11:34AM
Add Chuck "I Fucked IndyMac" Schumer to the list as well.
Oh and those two broads who think Paulson is a day trader.
Posted by guest , Oct 02, 2008 11:38AM
Just another indication that the IQ level of the average Congressman is about 50.
Posted by guest , Oct 02, 2008 11:39AM
Who was that idiot on CNBC? "banning short seller is bad for mom and pop investors." It's bad for free market but mom and pop, I might be a bit dull these days but dont' see the connection, anyone care to explain ?
Posted by cheesedog , Oct 02, 2008 11:44AM
Turn off CNBC for the next 48 hours. They are going to be plumbing new lows in journalism until this TARP garbage is in the rear-view mirror.
Posted by guest , Oct 02, 2008 11:44AM
As ye sow....
As I've said before: The Obamessiah, Democrats and the MSM (as if there's any difference between the three) have been consistantly shorting the economy in order to gain political power.
They're not going to stop now. There's a presidency to win.
Posted by guest , Oct 02, 2008 11:44AM
these are trading points upfront now, all about 250 wider on the day
Posted by guest , Oct 02, 2008 11:45AM
these are all trading points upfront now, about 250 wider on the day. thanks senator
Posted by guest , Oct 02, 2008 11:58AM
short Harry Reid
Posted by guest , Oct 02, 2008 12:01PM
@2 you blow you assclown!
Posted by guest , Oct 02, 2008 12:19PM
@ 4
Fox Business Channel?
I haven't balanced my checkbook in a while, might be worth tuning in.
Posted by guest , Oct 02, 2008 12:23PM
are these already on the short ban? if not. . .
Posted by guest , Oct 02, 2008 12:29PM
"This Committee owes an apology, Senator!!"
-Tom Hagan
Posted by guest , Oct 02, 2008 12:50PM
this clown may have been talking about AIG
Posted by guest , Oct 02, 2008 12:59PM
Hey, this clown's party is going to be in charge of both the legislative and executive branch of gov't for the next 4 years at least.
The already own Wall St. -- after all, they bailed your asses out.
They'll get to name some Supreme Court justices too.
As ye sow.....
Posted by diablo , Oct 02, 2008 1:08PM
I believe those CDS geniuses trust any junk coming out of a Congresscritter's mouth. Some people deserve what they get.
Posted by guest , Oct 02, 2008 1:23PM
#3
you must be a soon to be unemployed MBA
Posted by guest , Oct 02, 2008 1:28PM
#5
They must be shorting all the European, far east, middle east, (can't forget) Russia & Brazil as well.
WOW!! what power!
Posted by guest , Oct 02, 2008 1:30PM
www.mpegmovieheaven.com
Posted by hedgehog , Oct 02, 2008 1:33PM
@13 - Agree
Posted by guest , Oct 02, 2008 1:36PM
so sad- the idiots in congress who refused to provide the necessary regulation to fannie and freddie will rubber stamp everything that our next marxist president will want. Leave it to Nancy Pelosi and Harry Reid to garner an approval rating that would make Bush look good
Posted by guest , Oct 02, 2008 1:37PM
So would you rather have someone warn you about a potential failure or someone who says everything is fundamentally strong?
I for one would rather have someone yell fire when the theatre is aflame than say, mmm, smells like bbq.
-C
Posted by guest , Oct 02, 2008 2:07PM
fu(k Harry Reid and all the dems that used the GSEs as their campaign funding and kickback machine. This congress just plain sucks.
Posted by guest , Oct 02, 2008 2:12PM
22 = another delusional poster that pretends that Bush was not the President for the past 8 years and that Congress was not controlled by R's for 6 of the past 8.
Posted by guest , Oct 02, 2008 2:17PM
23= a liberal weenie who doesn't understand that the dems or is it dims in congress had a quid pro quo with the Gse's. pay us and we will protect you. Nancy Pelosi and her ilk were/are so focused on completeing the destruction of Bush that they dropped the ball repeatedly
Posted by diablo , Oct 02, 2008 3:02PM
Were GSE's allowed to deal with subprime mortgages? Did GSE lobbyists buy all sort of politicians, no matter which party they belong to? And before 2007, weren't those lobbyists dealing with a Republican Congress? Learn about the game before you talk about it.
Posted by guest , Oct 02, 2008 3:06PM
suboenae his phone records and brokerage accounts.
No, he's not smart enough to do it, but the excersize will chasten the flaming, irresponsible idiot.
Posted by guest , Oct 02, 2008 3:07PM
it should be "mongerer," as in "one who mongers," btw.
OY!
Posted by guest , Oct 02, 2008 3:08PM
24 Thanks for clearing that up. I never realized that Pelosi was responsible for Bush's numerous deficiencies. Who knew. I totally forgot for example how well things ran for the first six years of the Bush reign, before she came along.
Posted by guest , Oct 02, 2008 3:09PM
no jew@24, it shouldnt. http://dealbreaker.com/2008/10/unfounded-rumors-hf-edition.php#c6
Posted by guest , Oct 02, 2008 3:15PM
25- you lack of knowledge is frightening. The democrats have been bought by the gse's for years not the republicans and it was the democrats who repeatedly shunned regulation for the gse's
http://online.wsj.com/article/SB122290574391296381.html
http://www.jpost.com/servlet/Satellite?cid=1222017442844&pagename=JPost/JPArticle/ShowFull
Posted by guest , Oct 02, 2008 3:15PM
24 "The destruction of Bush" I just fell off my chair. As if. Bush ranks among the most stupid presidents ever seen. (Although, if McCain is elected and is offed, I'm thinking Palin will give Bushie a run for his money in that department, but i digress..). His destruction is all his own doing, facilitated of course by Cheney and Rove and equally stupid americans. Like you.
Posted by guest , Oct 02, 2008 3:20PM
30 Another example of what I've seen bubbling around for the past few weeks: an attempt by conservatives (WSJ included) to place the blame for all things currently bad in the world on Clinton. As if the past 8 years didn't happen. I would ask, if your people couldn't straighten things out with 8 years in the presidency and six controlling congress, why do you think you deserve another 4?
Posted by guest , Oct 02, 2008 3:31PM
Quote "Sen. Reid is not personally aware of any particular company being on the verge of bankruptcy. He has no special knowledge about nor has he talked to any insurance company officials. Rather, his comments were meant to refer to the conditions in the financial sector generally. He regrets any confusion his comments may have caused."
They F-up and apologise... we F-up, we get fired or "resign"... get a real job
Posted by guest , Oct 02, 2008 3:56PM
Shorter 25, 28, 31, and 32 - "Bush is responsible for everything bad that has ever happened anywhere at anytime."
Posted by guest , Oct 02, 2008 4:41PM
#25
Here - have a look: http://www.youtube.com/watch?v=_MGT_cSi7Rs
BTW, I find it interesting that you blame everything on the Republicans because "they were in charge" for 6 of the last 8 years, but I'll bet you (and many others) have blamed the Republicans for the bailout not passing the House last Friday.
I'll bet you've heaped scorn on anyone pointing out that not only are the Dems in charge now, but their own leadership are the ones pushing this bill and they were only able to deliver 59% of their own members.