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Old 08-03-2007, 03:12 PM
 
289 posts, read 1,040,088 times
Reputation: 85

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Holy moly...

Jim Cramer lost it today on-camera talking about the 280 stock market drop. He started screaming and shouting, railing against Fed Chairman Bernanke.

Really something to see:

MSNBC - Video Front Page

Quotes:

"HE HAS NO IDEA HOW BAD IT IS OUT THERE. HE HAS NO IDEA. HE HAS NO IDEA. I'VE TALKED TO THE HEADS OF ALMOST EVERY SINGLE ONE OF THESE FIRMS IN THE LAST 72 HOURS AND HE HAS NO IDEA!!!"

"AND BILL POOLE HAS NO IDEA WHAT IT'S LIKE OUT THERE!!"

"THESE FIRMS ARE GOING TO GO OUT OF BUSINESS!!!!!"

"THIS IS A DIFFERENT KIND OF MARKET AND THE FED IS ASLEEP AND BILL POOLE IS A SHAME HE'S SHAMEFUL!!!!"

"WE HAVE ARMAGEDDON"

Last edited by dude66; 08-03-2007 at 03:34 PM..
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Old 08-27-2007, 08:15 AM
 
33 posts, read 125,687 times
Reputation: 15
Default Walking away not a bad idea

Why not? My credit is in the 420s and I just got a new credit card. Yay! I never own a home or retire and frankly, why would I want to?

Money and greed of people are real problems in society anyway. Money sucks, especially when you do not have any.

I personally hope the banks go under from all of these foreclosures after ramping up the home prices were good people with crappy credit had no chance from the start. No one is blaming the banks, all of the "predatory lenders". Well those lenders had to get money from somewhere...and that somewhere was the banks.

Suspicious that Bank of America bought out Countrywide and Chase is buying every small bank in the US as fast as it can. Why? The banks are the only ones who seem to be in good shape, and they loaned all of the damn money.

Can someone see something wrong with this?
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