BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board > Politics/Religion
 
ESS Tuning
View Poll Results: Our economy will;
Crater, as bad as it gets 2 10.00%
See hard times, for a while 14 70.00%
Quickly rebound 4 20.00%
Voters: 20. You may not vote on this poll

Post Reply
 
Thread Tools Search this Thread
      09-25-2008, 08:21 PM   #1
uberschnell
Brigadier General
 
uberschnell's Avatar
 
Drives: // 135i //, X5
Join Date: Mar 2007
Location: Bay Area

Posts: 3,411
iTrader: (43)

Our economy will:

This is it, according to some:

http://www.cnn.com/2008/POLITICS/09/...out/index.html

Too late?
__________________
- 08 135i - Wavetrac LSD, AST 4100, Swift springs, Brembo GT brakes, M3 front sway, Meyle HD links, Dinan Camber plates, Whiteline subframe bushings, M3 rear guide and upper link, M3 front control arms, HP custom M3 front Strut brace, Megan rear control arms, F30 brake shields -
uberschnell is offline   No_Country
0
Reply With Quote
      09-25-2008, 09:43 PM   #2
ideliver
Major
 
ideliver's Avatar
 
Drives: 08 E60 M5 & 08 Infiniti QX56
Join Date: Feb 2008
Location: At the gas station

Posts: 1,232
iTrader: (0)

Garage List
2006 MB S430 SOLD  [0.00]
2003 E46 M3  [0.00]
The real problem IMHO is the lack of confidence in the system...which leads companies such as Goldman to their current liquidity problem...right now...the big players aren't doing anything...
__________________
Cars I've owned '76 Chevelle 350 RIP '82 Monte Carlo 350 RIP '82 Mustang 302 RIP '88 Honda CRX RIP '88 Olds Toronado sold '94 Toyota Tercel sold '99 Acura TL sold 2002 Porsche 911 sold 2003 E46 M3 Blk/gr 2006 MB S430 sold Current: 2008 Infiniti QX56 & 2008 E60 M5

ideliver is offline  
0
Reply With Quote
      09-25-2008, 10:32 PM   #3
gum5h03
Galactic Emperor
 
gum5h03's Avatar
 
Drives: Fast
Join Date: Mar 2007
Location: WA

Posts: 801
iTrader: (3)

Quote:
Originally Posted by ideliver View Post
The real problem IMHO is the lack of confidence in the system...which leads companies such as Goldman to their current liquidity problem...right now...the big players aren't doing anything...
The biggest problem is actually the Fed. They're dicking with market liquidity by pulling funds. Look at the slosh for the past few days. The Fed took over 150 billion dollars out of the market and are asking for 700 billion from the Treasury? Somethin's up.

The big players are doing plenty. They're sucking up the other players into an ologopoly. Here come the roaring 20's all over again. The major player? Why the unscrupulous J.P. Morgan & Chase of course. The very ones who instigated the very first stock market crash of 1917.

J.P. was also the largest lobbyist for halting short selling because it was negatively affecting its share prices and would make it difficult to fund the coming fire-sale acquisitions.

Last edited by gum5h03; 09-25-2008 at 11:47 PM.
gum5h03 is offline  
0
Reply With Quote
      09-25-2008, 10:51 PM   #4
ska///235i
***** noob
 
ska///235i's Avatar
 
Drives: M235i
Join Date: Sep 2005
Location: Boston

Posts: 8,404
iTrader: (31)

Garage List
2006 325xi  [0.00]
Someone is trying to Scam $700 billion from the taxpayers....lol
__________________
" Hey, your m235i is not a true M car"..."No shit, its a M Performance doe"
ska///235i is offline   United_States
0
Reply With Quote
      09-25-2008, 11:43 PM   #5
Los Angeles
Steve Forte Rio
 
Drives: 08' 328i
Join Date: Aug 2007
Location: 90036

Posts: 2,395
iTrader: (0)

Quote:
Originally Posted by ska View Post
Someone is trying to Scam $700 billion from the taxpayers....lol
to no suprise...

they're actually talking about getting the $700 billion from private sources.

that would be much better, although like gumshoe said, they're dicking with the system.

the system is all of a sudden going to reach this magical "equilibrium" once the $700B is coughed up?

as if $700B will magically fix all the problems.

the problems lie within the companies that caused that problem.

not the fact that the system is in debt.
Los Angeles is offline   No_Country
0
Reply With Quote
      09-25-2008, 11:50 PM   #6
ideliver
Major
 
ideliver's Avatar
 
Drives: 08 E60 M5 & 08 Infiniti QX56
Join Date: Feb 2008
Location: At the gas station

Posts: 1,232
iTrader: (0)

Garage List
2006 MB S430 SOLD  [0.00]
2003 E46 M3  [0.00]
Quote:
Originally Posted by gum5h03 View Post
The biggest problem is actually the Fed. They're dicking with market liquidity by pulling funds. Look at the slosh for the past few days. The Fed took over 150 billion dollars out of the market and are asking for 700 billion from the Treasury? Somethin's up.

The big players are doing plenty. They're sucking up the other players into an ologopoly. Here come the roaring 20's all over again. The major player? Why the unscrupulous J.P. Morgan & Chase of course. The very ones who instigated the very first stock market crash of 1917.

J.P. was also the largest lobbyist for halting short selling because it was negatively affecting its share prices and would make it difficult to fund the coming fire-sale acquisitions.
+1 ...and J.P. was lobbying for shorting when they were shorting the Asian currencies in early 2000's and the Asians were all po'd about the shorting
__________________
Cars I've owned '76 Chevelle 350 RIP '82 Monte Carlo 350 RIP '82 Mustang 302 RIP '88 Honda CRX RIP '88 Olds Toronado sold '94 Toyota Tercel sold '99 Acura TL sold 2002 Porsche 911 sold 2003 E46 M3 Blk/gr 2006 MB S430 sold Current: 2008 Infiniti QX56 & 2008 E60 M5

ideliver is offline  
0
Reply With Quote
      09-26-2008, 12:02 AM   #7
NaTuReB0Y
Powered By 36DD
 
NaTuReB0Y's Avatar
 
Drives: 2006 E90
Join Date: Jul 2005
Location: Inland Empire

Posts: 7,381
iTrader: (12)

$700 billion is only about $150,000 in taxes for each individual to pay.......

Not bad..........when can I start paying.........
__________________
2006 E90 330i Jet Black | 20" WORK VS-XX | FK452 | H&R Sport on Koni Yellow | REMUS QUAD
NaTuReB0Y is offline   United_States
0
Reply With Quote
      09-26-2008, 12:09 AM   #8
Los Angeles
Steve Forte Rio
 
Drives: 08' 328i
Join Date: Aug 2007
Location: 90036

Posts: 2,395
iTrader: (0)

Quote:
Originally Posted by NaTuReB0Y View Post
$700 billion is only about $150,000 in taxes for each individual to pay.......

Not bad..........when can I start paying.........
Well if you make a million dollars a year you'll pay it off in no time.
Los Angeles is offline   No_Country
0
Reply With Quote
      09-26-2008, 02:13 AM   #9
sayemthree
Brigadier General
 
sayemthree's Avatar
 
Drives: bmw
Join Date: Aug 2007
Location: usa

Posts: 4,844
iTrader: (0)

Quote:
Originally Posted by NaTuReB0Y View Post
$700 billion is only about $150,000 in taxes for each individual to pay.......

Not bad..........when can I start paying.........
lets see - it would take you about 1.25 million years to pay a part of that. ,,,,IF you rally have a job which we doubt.
sayemthree is offline  
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 08:20 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST