Recession fears amid economic turmoil - 15 Sep 08

[dough80y]

END THE FED! DEATH TO ALL CENTRAL BANKS AND THE CROWN! NO MORE MONETARY SYSTEMS!!!

[N02m0les]

wont effect me lol so i do not care

[stratvic]

Some free market...authorites are in control, always were. It is their doing that created this mess with the formation of Freddie and Fannie. Freddie and Fannie were identified as serious threats to finacial stability and the issue raised by many people over the years while the authorities stood by and gawped. The "authorities" will act as usual too late and we wait to bear the unintended consequences of their next action in preparation for government orchestrated collapse.

[fivestarmichael]

I agree, we are in a situation where we taxpayers have no real control over fred and fannie; however we have to bear the responsibility.

[eekdog2005]

If you like this economy, keep voting for the lesser of two evils. You'll get the same result, both parties will trust the same criminals that created this mess to fix it.

[IAMBELOVEDIAM]

Instead of our Gov't coming out and telling us the truth and asking us to change and help save this world they just lie and PUT US IN A BIGGER HOLE...CANT SERVE TWO MASTERS...money or GOD...you make the choice...money doesn't seem to work and if you think it does your a FOOL!

[IAMBELOVEDIAM]

If we keep printing money without gold to bail these banks out what is the point? Keep the rich going while the poor suffer and die?

[IAMBELOVEDIAM]

When man turned to man for knowledge and wisdom instead of GOD that is when everything went to hell. Man has ruined this world and we have taught our kids to do the same thing over and over and when they try to speak their own minds, countries invent thought crimes to stop it. We have to learn to use our free will properly or nothing will ever change. Shit is going to get real bad guys...try to save it! It's not God's will to live this way...get ready to make a choice.

[14842]

how do you know what God thinks?

[IAMBELOVEDIAM]

14842,

Because I know what I think and God is within us all...not a person. Were living our lives wrong and the planet is dying...the worst is still to come my friend. God didn't do this, man did with their own free will...not even God can impose on that. Free will WORLD.

[naseinso]

guess what country dont sell oil in dollar and is a major oil producer?

yes iran and that's why its in the united states and britain new coming target.

america only survive from stealing oil and the truth hurt.

stop wasting your time arguing here and take back your county my friends.

[Daritto7117]

Bank of America Woo-hoo!!!!! Thank You!!!

Bank of America is going to put Charlotte, NC on the map...its headquarters...

[3dbeing]

This all kinda reminds me of the closing scene of Fight Club...When all the financial institutions buildings start collapsing...literally...

[IAMBELOVEDIAM]

It didn't begin with the HOUSING MARKET CRASH...it all happened when they crashed the planes into the TOWERS...this was all planned and they do not really want us to RECOVER...they want a NEW WORLD ORDER.

[naseinso]

you are wrong. it all begin in the 90s the 9/11 thing was a cover up of the economy colapse so is the war on "terror" to tell people its all the "terrorists" fault in fact it's the american monetary system's fault and precisely the unconstitutional private bank called the federal reserve bank.

[fivestarmichael]

The economy was doing fine in 2001... there was nothing to cover up.

[naseinso]

it always was a problem with the federal reserve bank they print more dollars while they had less gold in reserve that's why they decided to make a false flag "9/11" and to take controle of the middle east and its oil reserves. the reason why they went to iraq was because saddam has decided to sell oil in euros wich means the collapse of the dollar . the only thing that still hold the dollar from a collapse is that the countries that product oil sell it in dollar.

[IAMBELOVEDIAM]

naseinso,

AGREED...your a smart man...no way we can take back our country right now. We will have to lose everything first before we fight for it...we never earned it we stole it all.

[takerdust]

give it a rest, you probably think the JEWS were warned not to go to the twin towers either.

[fivestarmichael]

Each year we all of meet with George Bush in a special room under the Federal Reserve building and try to think up ways to ruin the economy, plan attacks on Western countries and steal oil from the Arabs. You have uncovered the entire Neo-con/Jew plot for world domination. Now we will track down your IP address and silence you!!

[IAMBELOVEDIAM]

I guess survial of the fittest doesn't work as we are all ONE and if a majority of us fall, we all fall...LONDON BRIDGES THEORY.

[IAMBELOVEDIAM]

Peace be with all of you and if this shit goes down we must all stand together and make our world great again WITHOUT MONEY!

[IAMBELOVEDIAM]

Greed, Lust and Desire...killed the human being.

[prisha91755]

The root cause of the crisis is GREED.

[theBigTakeover]

Who needs to get bank loans to spend? Get a job shitheads, you fucked it for all of us.

[HugeJohn51]

thanks for your thoughtful insight!

[theBigTakeover]

Anytime, sausage tits.

[bitethewax]

oooooooo i hope all banks in america crash and give us our money back because they dont need our money any more. its time to rise up aganst our nation and take back what was stolen from us in the begining, which is freedom from all.

[IAMBELOVEDIAM]

Bitethewax,

Amen! They took it from the people and gave it to the RICH. Nobody should ever be without a home or food! They say we are the only race that lets it's people go homeless and starve..it's unheard of in other ET Races...they say the Reptilians created this class system so we would fight each other for money and power and they knew it would destroy us.

[GeneralAntonioValero]

Britain is in a recession, Spain is in a recession and the United States. They expected bigger growth in the economy but that expectation was way of. Alan Greenspan is a bigot and a liar!

[fivestarmichael]

Geeez, shouldn't we blame individuals who got into mortgages they couldn't afford? These companies were stupid to take on the mortgages but you can't blame the president.

[isayeverything]

shows that we never learn... =/

[3dbeing]

Basically these are the same people that got fooled on the "Weapons of Mass Destruction". These companies are following game plans laid out by Bush's administration, and their vampire like draining of the Iraqi oil, the only difference is they are doing it to Americans, and mortgages. What is happening to us is no different than what happened to the Iraqis who thought they had a right to own their own oil. Maybe they should have known better too. And maybe Bush had nothing to do with it...

[fivestarmichael]

Liberals make no sense. Nobody was "fooled" into buying mortgages they couldn't afford.

[3dbeing]

michael...

So what you are saying is millions of people intentionally signed mortgages that they knew would nearly double in price and knew they would be unable to pay and would have to forfeit their home in bankruptcy. If that is what you are believe, then you obviously don't even have a high school diploma because that is beyond ignorant.

[fivestarmichael]

Yes, the cause of this is real estate speculation. People intentionally bought over-priced property at a low (non-fixed) interest rate. Interst rates went up and they couldn't afford the payments. Do you actually read the news or do you just talk out of your ass?

[3dbeing]

Do you actually have a brain or do you just stuff someones hand up your ass and let them do the talking? So everyone that lost their home in this mess was just doing real estate speculation, no families lost their home?

See it's people like you mike that are the problem, honestly it is, but keep jabbering away like you are some kind of king nothing, it's obviously taken you far in life...

[fivestarmichael]

Now you are putting words in my mouth and you are trying to change the argument. You said people were "fooled" into this crisis. I know several people who lost their homes because they bought in when interest rates were low. Interest rates increased and they couldn't afford their mortgages. These people were not tricked or fooled by Bush, they made bad decisions. Every economist from NPR to Fox news agrees.

Do you always use personal attacks against anyone who doesn't agree with you?

[3dbeing]

Wow, you really believe quoting media is going to make you look any better.Look you want to believe the market fallout is all because people are stupid go ahead, but don't tell me that government didn't look the other way while predatory lending laws were shot down in a republican ruled congress,and tell me I'm talking out my ass.People were "persuaded" to sign mortgages they couldn't afford by salesmen who's job it is to sell,regardless of consumers ability.You come out swinging and I will too

[fivestarmichael]

Where do you get your knowledge? You are so uninformed!! Your beloved Democratic party has had control of congress for the past four years (D)Nancy Pelosi - house majority leader). Yes, there are predatory lenders. However, adults are responsible for their own actions. Do you really want to live in a society of laws? A society full of people who can't think for themselves? "Don't walk out in front of that truck... it's against the law!" You can't protect against stupidity.

[3dbeing]

michael: ignoring the facts doesn't make you more right, it makes you ignorant. Predatory lending, big business greed, and government negligence led to this debacle. Go ahead walk in front of the truck be my guest, I won't stop you.

Decisions based on deception are not real decisions. Take the Iraq war and WMD's. If I were to guess, the way you are defending this, you must have made some good money on the crisis, or the build up to it.

Spewing out what you see on TV doesn't make you informed

[fivestarmichael]

What are you talking about?? What facts am I missing? You haven't stated any facts... just opinions. You obviously pull facts out of your ass. I don't think the government should be running our lives. You really think people were "fooled" into signing mortgage agreements? I should find those people down and sell them some magic beans. You are such a condecending, arrogant asshole.

[3dbeing]

Wow, do you always resort to personal attacks when you are proven to be not only wrong but ignorant too.

Look read the papers and watch the news and spout what the reporters tell you as if it is your own opinion, just don't expect to be considered an informed individual.

[kingair81r]

You have to use a little common sense if your making 40k a year and you bought a 400k house that was proabley a bad decision no one put a gun to peoples heads to make them buy houses.

[3dbeing]

Kingair -

(ESPN) Walter Hackett, a lawyer for Dykstra, said the event triggering the bankruptcy filing was a planned foreclosure sale of a southern California residence that Dykstra bought from hockey legend Wayne Gretzky for $17.5 million in 2007.

this $17.5ml loan was made for $400k down, and is now in foreclosure... Nobody forced the bank to make a dumb decision, but the results are on everyone's back. Now make your point again kingair,...

[IAMBELOVEDIAM]

3dbeing,

I agree...the Govt wanted this to happen and let banks do it knowing they would eventually cause them to crash...this is all planned and you and I know it.

[Rollin103305]

obama 08

[Rustyshackleford08]

How about anything BUT a Dem or a repub 08.

[Organjic]

This is a WORLD recession. Everyone but the rich suffer. The rich have become too rich and 99% of the world is poor. Think about it. This is a NEW WORLD ORDER!

The top 1% of the US population owns more money than the bottom 50%.

[ChristianLove2008]

I WILL VOTE FOR MCCain he will fuck America even More,

McCain/Palin 2008<<< Viva McCain

[undeadsfan250]

hehe so true

mccain America downfall

[ChristianLove2008]

YES YES YESSSSSSSSSSSS AMERICA IS DIEING!! hahahahahhhhhhhhhhhhhhhhhhhhhh­hhhhhhhhhhhhhhhhhhhhhhhhhhhhhh­hhhhhhhhhhhhhhhhhhhhhhhhhhhhhh­hhhhhhhhhhhhhhhhhhhhhhhhhhh

[ClanRooster]

Shame on you !

[novazee]

peace be with you

[FUCKYOURGODINTHEASS]

The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP).

[bulluni]

Thank you Bush and let me thank McCain/Palin ahead of time, before they really fuck things over :)

[lalosinax87]

I believe its McSame/Failin'

[WhoJoo]

You all must remember that the republicans still think everything is just fine and dandy. They are also against tax cuts for the middle class and poor because of some stupid idea that it would make the rich not work as hard for their money. Tax cuts for the middle class and poor would allow them to spend more money and actually would stimulate the economy instead of 10% of the country spending a million dollars on a diamond ring.

[neotoy]

Why is it that economists are always the last to know what's going on with the economy?

[hazbizarai]

they're too busy getting rich... i think

[cycimian]

God you half to laugh at the Jew Getting the Boot in the Guts

[TokyoPlumber]

The downward spiral cycle at the start of this report is a little too simplistic. Large property value increases in (parts of) the United States were fueled by mortgage institutions offering subprime loans to too many people who would not be capable of making payments in the long term (ie, once the subprime period ended and the interest rates re-set). For short term gain (greed) financial institutions gave up long term stability. The government's failure was one of oversight and regulation.

[3dbeing]

Capitalizing on the ignorance of the masses finally bit big business in the ass, unfortunately its everyone who pays when they get caught red handed. I think this just goes to show how big business hurting the little guy really hurts the world, maybe it's time to reevaluate a system that has no intrinsic moral system as it would seem there is an economic Karma as well.

[jklasdfjdfksl]

well said

[AirelonTrading]

If people are just now realizing that they are in a recession?

I have one word: CLUE - LESS

We've been in a recession, at least since February.

[bigdog49094]

Well depends how you define recession, in some definitions Lehman Bros could be considered a financial boom for some. LOL

[oceanbound222]

Is there anything that the IDIOT BUSH has not destroyed in the last 8 years?

A ONE TRILLION DOLLAR WAR

A world recession/depression

[Hogo69]

Sense of humor, seems he still has plenty of that. But yeah, aside from that he fucked everything up(not just him either).

[Amuris86]

Bush is only the puppet, It's the monopoly men behind the scenes that are in control.

[zndprophet]

if that's true, then the "monopoly men behind the scenes" are playing a lot shittier game than they did when Clinton was president.

I think Bush is a puppet-but his monopoly men are definitely not the illuminati-they are just greedy republicans. We need to trust democrats still-don't let the republicans tell you "it's all of us".

They only say that because it's their best game plan right now-"yeah fuck US-fuck Bush, fuck Washington"...yeah, fuck the republicans...but dems deserve a chance.

[gangstagrannie]

yes - himself!

[zndprophet]

You're right, but people want to keep doing this.

I'm realizing that republicans, independents and a lot of Americans are simply otherwise logical people who just have one kind of retardation-they cant connect the dots! They can stay inside the lines and shit, but can't add war+greed+the rich having more and the poor having less=recession. Dat der's 2 many werdz....

So they're going to elect McCain again because Sarah palin is a woman, and a mom, and can see Russia from Alaska.