USA for sale!!

So the world is witnessing the largest bankruptcy in us history of one of the oldest lending institutions while other financial institutions will soon follow suit. At the verge of seein the largest insurance company ready to collaps. Even during the great depression lehman, merrell, and bearns survived. We started with five independent firms and now we r down to 2 holding wall street up. The feds chose to not save Lehman and have pumped 80 billion dollars of your tax money to save AIG.I don't understand this bail out AIG but let lehman crumble? I don't understand this. It wld be best to let AIG die so we can rebuild our financial future. Why put a band aide on a bleeding ulcer? Is it because the feds have no money? Is it because we are afraid of loosing our financial backing from china? Is it a demise to keep the feds profiting?

Neither McCain nor obama have stepped up to the plate to answer how they plan to impact our future. I most certaintly don't trust the feds with the situation. Their solution is to print more money and lower interest rates. A lot of good that will do when common man is struggling to survive financially as they work 2 to 3 jobs to keep a roof over their heads and feed their families. Wake up ppl u r witnessing the largest depression in us history coming to your neighborhood. The Chinese r even panicing by lower their rates. They are concerned that Americans will not be able to buy products that fill up wal-mart stores. Even bush is warning Americans not to panic that their money is fdic assured. Why do you think he is telling the American ppl not to panic? If you think it is bad now it has t bottom out before it can get better.

With election coming up you need to ask yourself if you trust any of these candidates with your future.

This is one reason I am a ron paul supporter because he saw the corruption of the federal reserve.

Open your eyes. You will see more foreclosures large unemployment numbers and More people at the local welfare offices and food bank.

I am not trying to scare anyone but what has happened this week on wall street is a reality. Not only have Americans lost confidence in the us economy but so is the world. Mexico has even started trading on the yen because the American dollar is worthless.

If you are not worried you should be.

Pd

Typing frm blckbry sorry for typos

Watch these banks struggle to survive (Lehman's debtors)
http://www.bloomberg.com/apps/news?pid=20601101&sid=aMzto.jVWjD4&refer=japan<BR>
Not to mention the Bank of Ameria / Merrell Lynch is still on shaky ground.

I am telling you the fed needs to be disolved:
Feds are printing money out of thin air and drowning the middle class.
http://news. yahoo. com/s/afp/20080916/bs_afp/useconomyfinancebankbankinginject_080916164308

I'd rather save the insurance company over the big Wall Street banks, but that's just me.

SR - I now understand why they bailed out AIG. The are insurance to bad debt ....not just USA bad debt ....but world wide. If they go under than the world economy collaps ...not just US ....WORLD. I am telling you this headline is as serious as 9/11....ironically days away from the 9/11 attack.

PD

The situation is unsalvageable. More "too large to fail" institutions are teetering on collapse. The "bailout" of Fannie/Freddie has only committed $ 200B thus far out of a potential universe of about 5 and half trill.

The financial world will probably burn for awhile, but the real world must go on.

Very true SR! That is why I was so confused why bail out AIG.

Here comes the formation of the NAU.

Pd

population is power. money is just a reflection of the population's demands.

We will be owned by China.

Maybe we already are?

Lol - China's growth's already leveling off I'm afraid 😢

a lot of the difference in finances will probably be covered by foreign banks.

What foreign banks? The ones that trade mostly in US terms and currency?

What do you mean we will be owned by china? We already are. Do you know how much money we owe the Chinese? A LOT!

Here is something I find interesting that obama wants to blame the republican party but he seemed to forget that one of our economic problems resulted by NAFTA as we shipped American jobs over seas. NAFTA came about during the Clinton administration.

McCain says the economy is not as bad as we think? I am confused by this statement because we owe a lot of damn money and economist are predicting at least a decade until we begin to see positive redemption from this mess.I must admit I have read that the economy is driven by consumers emotions. In that case I feel pretty damn good I want that new audi a8 lol you have got to be kidding me.

Give me some more of that libertarian lime aid lol

Cusp you are absolutely right that the real issue is wall street has to be regulated.what do you think ron paul has been saying? No one is watch dogging the fed reserve. They control the money being processed the interest rates. These are the things that pump money into the economy. America has an addiction to money and heavy consumption and the fed reserve were our dealers inticing us with low interest rates to finance things we cld not possibly afford. We are now in detox because the days of easy credit and easy financing are going to be gone. The US is now being forced to buy what they can afford.
My question why has it just come to our attention that we need regulation now? There have been warnings with all the white collar crime since the 80's.

*sips on kool-aid* hehehe

Pd

China owns nothing but our debt.

China's only leverage is in labor not military, which rules the day.

I think China focused on more manufacturing than service/stock/bonds - it exists but is not the backbone. Plus the Chinese govt heavily regulates currency movement so they own real money. This is where Europe failed - Europe shifted towards service and lapped up what US system...so Xun2, US securities and bonds. are almost worthless now especially abroad as there is no security in the US, right?

we not only manufacture your products, but also buy your products as a market. All you do is pay us. Without us to buy your products, your companies would be losing very large profits. Like it or not, the US and the chinese economy is interdepedent on each other. The US would not dare to launch a war with china unless it wants to destroy its own economy.

one thing you are right COP, is that your country is still more technologcally advanced than us.

From watchin the BBC it is world collaps unless the govt decides to bail us out 7 billion. Guess what world no such thing as a free ride especially for the wkin middle class what is left of it