 |
|
Best guess on if the Bill will pass Congress Sunday nite?
09-25-2008, 01:01 PM
|
#1
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2007
Posts: 3,323
|
Best guess on if the Bill will pass Congress Sunday nite?
Just spoke with a VP of a brokerage, and he says--with both Presidential candidates seeming to agree about the state of our financial economy and what should be done to rectify it--that he is giving it an 80% pass/20% not pass shot. Agree?
__________________
__________________
Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
09-25-2008, 01:04 PM
|
#2
|
|
Full time employment: Posting here.
Join Date: Nov 2005
Posts: 655
|
__________________
__________________
"I went to the woods because I wished to live deliberately... and not, when I came to die, discover that I had not lived."
--Henry David Thoreau
|
|
|
|
|
09-25-2008, 01:21 PM
|
#3
|
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,731
|
 Quote:
Originally Posted by Orchidflower
Just spoke with a VP of a brokerage, and he says--with both Presidential candidates seeming to agree about the state of our financial economy and what should be done to rectify it--that he is giving it an 80% pass/20% not pass shot. Agree?
|
In the current market & economy, that's the most important thing the VP of a brokerage could find worth discussing?
I'm waiting for one of my elected representatives to call me back to suggest asset allocations and good index funds with low expense ratios...
__________________
*
Spring 2020: my daughter and I wrote “Raising Your Money-Savvy Family For Next-Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
|
|
09-25-2008, 01:32 PM
|
#4
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
|
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
|
|
|
|
|
09-25-2008, 01:38 PM
|
#5
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2007
Posts: 3,323
|
Naw, the subject just came up in conversation with a broker I know (who just happens to be a VP). He expected a run on his brokerage if the bill didn't pass I think. He says he feels he will, at least, be able to sleep Sunday night maybe, since he believes it will pass.
__________________
Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
|
|
|
|
|
09-25-2008, 01:39 PM
|
#6
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2007
Posts: 3,323
|
Nords, I am waiting for that phone call from Seattle, too. I'm being patient.
__________________
Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
|
|
|
|
|
09-25-2008, 02:01 PM
|
#7
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
|
Quote:
Originally Posted by Nords
I'm waiting for one of my elected representatives to call me back to suggest asset allocations and good index funds with low expense ratios...
|
Just a little thought, if Vanguard won't do that for you, why would your Senators??
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
|
|
|
|
|
09-25-2008, 02:10 PM
|
#8
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
|
it's going to pass, why else did warren buffet invest in goldman sachs?
|
|
|
|
|
09-25-2008, 03:06 PM
|
#9
|
|
Full time employment: Posting here.
Join Date: Aug 2006
Location: athens
Posts: 802
|
Sure this one will pass, and the next one too!
__________________
Can't you see yourself in the nursing home saying, " Darn! Wish I'd spent more time at the office instead of wasting time with family and friends."
|
|
|
|
|
09-25-2008, 03:14 PM
|
#10
|
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 43,071
|
Lookin' good!!!
Tentative meltdown deal: Bush, McCain, Obama meet: Financial News - Yahoo! Finance
Quote:
|
Confident but not yet celebrating, congressional leaders agreed Thursday on a multibillion-dollar bailout plan for Wall Street aimed at staving off a national economic catastrophe. President Bush brought the two men fighting to succeed him to a historic White House huddle on how to sell a deal to lawmakers who were still resisting.
|
__________________
I have drunken deep of joy,
And I will taste no other wine tonight.
― Percy Bysshe Shelley
|
|
|
|
|
09-25-2008, 03:41 PM
|
#11
|
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,731
|
Quote:
Originally Posted by FinanceDude
Just a little thought, if Vanguard won't do that for you, why would your Senators??
|
Well, if I'm getting legislative advice from financial guys then it only seems fair that I should get financial advice from legislator guys.
Would you buy a used car from a financial advisor? Just kidding...
__________________
*
Spring 2020: my daughter and I wrote “Raising Your Money-Savvy Family For Next-Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
|
|
09-25-2008, 03:48 PM
|
#12
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2007
Posts: 3,323
|
And this means what? That stocks are heading up again somewhat? It will take me 2 years to remake what I've lost...but, hey! I can take a joke.
__________________
Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
|
|
|
|
Hitches Develop-Not Looking So Secure Anymore
|
09-25-2008, 07:51 PM
|
#13
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,969
|
Hitches Develop-Not Looking So Secure Anymore
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
|
|
09-25-2008, 07:59 PM
|
#14
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
|
i'll probably never vote republican again after the stunt the house GOP pulled tonight, along with mccain
|
|
|
|
|
09-25-2008, 08:06 PM
|
#15
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 9,828
|
I don't think it will pass until Friday a week at the earliest. Revolt is in the works and common folk want Wall Street types to pay: http://www.nytimes.com/2008/09/26/bu...26bush.html?hp
So Congress has to look like they are making WallStreet pay so that they can look good during re-election campaigns. It ain't gonna go down easy, but it will go down.
See also: http://www.bloomberg.com/apps/news?p...d=avnxqWMsmExs
|
|
|
|
|
09-25-2008, 08:08 PM
|
#16
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: No Country for Old Men
Posts: 45,968
|
Better fasten your seat belts when the markets open tomorrow...
__________________
Numbers is hard
Charter resident of the lumpen slums of cyberspace
Retired in 2005 at age 58, no pension
|
|
|
|
|
09-25-2008, 08:14 PM
|
#17
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
|
Quote:
Originally Posted by al_bundy
i'll probably never vote republican again after the stunt the house GOP pulled tonight, along with mccain
|
I'm curious what the Republican consensus is on this (I suspect I know how the Democrats feel). It sure does look like McCain blew up the deal. Which might be OK if he takes credit for doing so AND has a better idea to put on the table. But I'm not seeing that.
|
|
|
|
|
09-25-2008, 08:20 PM
|
#18
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
|
latest word is that most of the senate supports it and the problem is the GOP House leadership
reason is every senator is a millionaire and successful. most of the House members are nobodys
|
|
|
|
|
09-25-2008, 08:33 PM
|
#19
|
|
Moderator
Join Date: May 2004
Location: SW Ohio
Posts: 14,401
|
Quote:
Originally Posted by . . . Yrs to Go
I'm curious what the Republican consensus is on this (I suspect I know how the Democrats feel). It sure does look like McCain blew up the deal. Which might be OK if he takes credit for doing so AND has a better idea to put on the table. But I'm not seeing that.
|
The WSJ link posted by Ha Ha gives a glimpse of the alternative plan proposed by some of the Republicans. It involves government-backed insurance (funded at least in part by the financial industry) rather than a straight infusion of cash.
The Democrats don't need the Republicans. They have enough votes to pass the bailout on their own, and Bush will sign it. The Republicans will get none of the credit. Democrats will be the heroes, and if they like their approach, they should just vote for it--they saved the world! They will have built and passed the biggest, most expensive, most gorged and bloated expenditure of taxpayer money ever!
And, the people are mad about it.
|
|
|
|
09-25-2008, 08:42 PM
|
#20
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
|
Quote:
Originally Posted by samclem
And, the people are mad about it.
|
Sometimes "leadership" involves doing things that aren't popular.
Plus, I'm not really sure I saw an alternative plan in the WSJ article, or much of a difference at all, really. Unless someone can explain to me how offering insurance on the troubled assets is somehow better, or even different, than buying them. :confused: One difference I can think of is that typically an insurer takes all the downside risk and the owner keeps all the upside . . . doesn't exactly sound like an improvement to me.
__________________
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
