Jim Cramer of MSNBC Predicts a Great Depression - Page 3

Ferd · #21 09-24-2008, 11:37 AM

Quote:

Originally Posted by Pressing-On

Ferd,
Yesterday the main stream media was saying that they are waiting on McCain's decision on the bailout. Everyone was waiting to see what he was going to do because he doesn't always agree with Bush. I thought that was interesting.

I haven't heard any updates. Where are we at now on this?

I dont know. no access to TV or radio today. dont see anything on the internet either.

Pressing-On · #22 09-24-2008, 11:39 AM

Quote:

Originally Posted by Ferd

I dont know. no access to TV or radio today. dont see anything on the internet either.

Me either.

I was reading that the larger percentage of the Dems don't want the package. I'm sure that is a party line issue.

Obama is parroting everything on the issue that McCain has already addressed several years ago.

rgcraig · #23 09-24-2008, 11:41 AM

I believe they are preparing for the debate Friday night - maybe he'll present something then.

Pressing-On · #24 09-24-2008, 11:42 AM

Quote:

Originally Posted by rgcraig

I believe they are preparing for the debate Friday night - maybe he'll present something then.

I heard it was a Foreign policy debate, but they were wanting to change it to an economic debate. Have you heard if they changed it?

Ferd · #25 09-24-2008, 11:47 AM

the Paulson plan will happen problably tomorrow night. watch the market run sidways for a while, then as the senate and house debate it, and it looks bad, the market will run down and the Rs and Ds will feel like they have no choice.

they all want to go home to get re-elected, and they cant go back home and say they did nothing.

They wont do the right thing and fix this for real with market solutions (and more deregulation). No they will have to do the major bailout.

rgcraig · #26 09-24-2008, 11:47 AM

Quote:

Originally Posted by Pressing-On

I heard it was a Foreign policy debate, but they were wanting to change it to an economic debate. Have you heard if they changed it?

No, I haven't, but the midsouth is a buzz with the preparations!

Pressing-On · #27 09-24-2008, 11:50 AM

Quote:

Originally Posted by rgcraig

No, I haven't, but the midsouth is a buzz with the preparations!

I'm sure. I was a bit disheartened to see that Gwen Ifill is going to be the Moderator for the Biden/Palin debate. She is a total liberal and a big time Obama supporter.

Esther · #28 09-24-2008, 12:14 PM

Quote:

Originally Posted by Praxeas

And make the CEOs and board members that became filthy rich from this disaster sell off their assets and fork over millions of dollars FIRST...

That is what I told my husband.

Esther · #29 09-24-2008, 12:16 PM

Quote:

Originally Posted by Ferd

Fix this mess by:
1. Suspend Mark to Book and require banks to determine the actual value of the subprime paper they own.

2. repeal Sarbanes Oxley

3. Drop Capitial gains tax to ZERO for the next 2 years.

4. lower corporate Taxes to 12% (Irelands current rate).

Open drilling everywhere.

They could do this tomorrow and the market would respond. Money would flow like crazy.

What is number 2?

rgcraig · #30 09-24-2008, 12:19 PM

Quote:

Originally Posted by Esther

What is number 2?

It's a pain for corporate America!

http://www.soxlaw.com/

Introduction
The legislation came into force in 2002 and introduced major changes to the regulation of financial practice and corporate governance. Named after Senator Paul Sarbanes and Representative Michael Oxley, who were its main architects, it also set a number of deadlines for compliance.