I offer neither pay, nor quarters, nor food; I offer only hunger, thirst, forced marches, battles and death. Let him who loves his country with his heart, and not merely with his lips, follow me.
--Giuseppe Garibaldi
Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves." -Andrew Jackson, 7th US President
So now be hushy, little pukers! Side here roohish, cleany
fuglers! Grandicellies, all stay zitty! Adultereux, rest as befour! For
you've jollywelly dawdled all the day. When ye coif tantoncle's
hat then'll be largely temts for that. Yet's the time for being now,
now, now.
The Fat Lady hasn't sung yet, but this is a baby step in he right direction. I don't know about the rest but this has been one hell of a ride. We need to keep pressure on or they will try some weasel manuver in the next few days to end run the wishes of American people (another 630 B package in the middle of the night etc.)
Nay, IMHO, the right outcome. But, it was Pelosi that delivered the Nay vote.
What a political and partisan statement she made!
She tells the floor that Paulson et al delivered a plan and it sucked, but the Democrats got ahold of it and fixed it. She actually thinks that's bipartisan so to bring on board reluctant Republicans!?
Good, a shit plan that connected more fraud to the same crooks should continue to fail!!
The London interbank offered rate, or Libor, that banks charge each other for such loans climbed 8 basis points to 5.22 percent today, the largest jump since June, the British Bankers' Association said. The dollar rate increased 12 basis points to 3.88 percent, the highest level since Jan. 18. The Libor-OIS spread, a gauge of the scarcity of cash, rose to a record.
Money-market rates climbed even after U.S. lawmakers agreed on a $700 billion plan to remove tainted assets from the balance sheets of financial institutions. In Europe, four banks required state assistance and the ECB made additional emergency funds available to lenders through year-end. The Federal Reserve said later it more than doubled the size of its dollar swap line with foreign central banks to $620 billion.
According to House rules, it must be closed now. But there's nobody to stop them from breaking the rules. Delay broke them with a 3 hour hold for Medicare D without any direct consequence.
It will increase the political consequences for Yea votes, though, if it passes.
Lord almighty. if arm-twisting gets this to pass, people will be even more angry. pelosi is stupid. she should bring them to order kill it and be done. then blame the rest on the republicans. but Pelosi is an idiot.
I was on some conference calls with ibanks this morning. Everybody said it was in the bag and was planning accordingly. It's now 1929 and the windows in their buildings are starting to open.
Vibhav Kapoor of IL&FS said there is a fear that hedge funds abroad and maybe some India dedicated hedge funds as well as emerging market hedge funds might face a lot of redemption pressures at the end of this quarter which is tomorrow. "Typically, hedge funds have redemption notices coming in on a quarterly basis, so the market would also like to wait for that and see how much redemption has come in."
C'mon they need to bring this thing down. We're done with the artificial levitation tricks. You push the market back up after cats outta the bag, you lose your panic button opportunity. Big plus, everyone still believes in democracy. Win-wi
Well, holding the vote open this long probably kept the selloff from full intensity, and got us past the 2PM window, so the first circuit breaker to worry about now is a 1200 point dow move before 2:30, which would lead to a 30 minute halt.
Why do Republicans hate America? The only thing holding up the markets right now is that the vote is still open. I guess doing what's best for your country is overrated.
For a burning would is come to dance inane. Glamours hath
moidered's lieb and herefore Coldours must leap no more. Lack
breath must leap no more.
Lel lols for libelman libling his lore. Lolo Lolo liebermann you
loved to be leaving Libnius. Lift your right to your Liber Lord.
Link your left to your lass of liberty. Lala Lala, Leapermann,
your lep's but a loop to lee.
A fork of hazel o'er the field in vox the verveine virgins ode.
If you cross this rood as you roamed the rand I'm blessed but
you'd feel him a blasting rod. Behind, me, frees from evil smells!
Perdition stinks before us.
ay are still holding at 226, guess they'll have to close the vote down soon. you know, even politicians have to go to bathroom and eat too (intended)...
Rpublicans come back witht he hammer and take it to the banks in a Roubini Scandanavia like deal. Deal goes through republicans take the credit and dems look stupid. the one time they line up behind Bush they take the wrong si9de of the trade. Polsi really is an idiot/
The vote has occured. Now it's lobbying time! They are all pointing to the stock market and screaming "Oh the huma.... wait no... Oh, the rich an wealthy bankers! The horror! What will it take for you to change your vote congressman?"
I would like to personally thank and congratulate all the people here who worked hard to defeat the bailout.
I believe you may have had more impact than you think. The blogosphere is a new force.
I would also like to thank CR and Tanta for creating a great blog that was perfectly positioned to capture interest in this historic event. I hope all the newbies here will stay and keep contributing.
Private equity firms Bain Capital and Hellman & Friedman agreed to a deal Monday to buy Lehman Brothers Holdings' prized Neuberger Berman asset management unit and other businesses for $2.15 billion.
Dems are so dumb on top of corrupt. They should have put forth a truly progressive bill that included liquidity for Wall St. and a bunch of money for economic recovery on Main St. and they could have looked like heroes. Instead they look like incompetents.
Ah, the marvels of a President who, instead of taking the bully pulpit to calm the markets by saying "The only thing we have to fear is fear", instead says "pass this bill or run for cover!"
JoeB writes:
Message to Jim Cramer: You have no idea, NO IDEA, how much people hate Wall Street.
Good one JoeB!
CR and Tanta - Thank you for your hard work.
It's nice to see all these clowns working round the clock and see it fall flat on their faces... kinda like the regular lupeninvestor Joe 6pack's regular days of working hard and trying to save money.
The ship goes down we ALL go down. No life preservers for wall street.
My Congressman's office has literally no idea what's happening. They don't even know how he voted. They don't know why it was still open. They don't know what's happening with the reconsideration.
One two three. Chours ! So come on, ye wealthy gentrymen
wibfrufrocksfull of fun! Thin thin! Thin thin! Thej olly and thel
ively, thou billy with thee coo, for to jog a jig of a crispness nice
and sing a missal too. Hip champouree! Hiphip champouree! O
you longtailed blackman, polk it up behind me ! Hip champouree !
Hiphip champouree! And, jessies, push the pumkik round.
Anneliuia!
WASHINGTON (MarketWatch) -- The U.S. House rejected on Monday a proposed $700 billion financial bailout package supported by the Bush administration, the Federal Reserve and the congressional leadership of both parties. The vote was 205 for and 228 against. The rejection of the plan could mean disruption in financial markets and another attempt by officials to craft a compromise plan that will get a majority vote. The administration had been pushing for quick movement on the bailout, which officials have warned is necessary to avert serious consequences for markets and the economy. Some critics said the plan was a giveaway to the very companies that created the crisis, while others said it amounted to socialism
"The rejection of the plan could mean disruption in financial markets and another attempt by officials to craft a compromise plan that will get a majority vote. "
Let's take the 700 B and start rebuilding our manufacturing capability today. Tomorrow the $ won't be worth a shit so we need to be able to manufacture what we consume in this country because it will be too expensive to buy from China
Everyone, what Interesting Times said - if you contacted your Federals to stop the bailout and they voted Nay - pleas email them a great big slobbery thank you!
Such a SHOCK!!! Oh, whatever will we do? Good thing shorts are banned.
Gold hopped like crazy, maybe a whole dollar? This is a building 7. Financial terrorism defied, but PULL IT!
WOW,
Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points
This is what happens when you continually bullshit people about valuations and allow crooks to keep cashing on fraud -- people are walking away, and they need to do so IMHO, because Congress never has addressed fraud and The Enron-like bullshit connected to this synthetic derivative nightmare!
Congratulations one and all. Sure it may rear it's head again, but there is no doubt that the furious, massive outpouring of constituent email, faxes, and calls were the deciding factor here.
Now we must monitor what cosmetic changes are proposed to bring this back for another vote.
Pisani is shell shocked his voice is creaking. Wall Street down. paulson should resign on the bakc of this and Bernanke. New Team. Obama should pre annoucne his financial team. jamie Dimon bring it on.,..
1st
Frist psot!
Doom sets in.
Yaay!
thanks to all those that sent letters
"The yeas have it."
Er, not really.
Democracy Lives People.
Now the price is paid for hiding the truth from the people.
top ten?
Members can change their votes until the vote is closed, according to CNBC.
The first one now will later be last as the present shall later be past.
MIA?
From 700 down back up to 500 down.
See, that didn't hurt at all.
No bailout needed.
Wow. I thought the market was falling because it didn't really like the bill... what did I know.
I offer neither pay, nor quarters, nor food; I offer only hunger, thirst, forced marches, battles and death. Let him who loves his country with his heart, and not merely with his lips, follow me.
--Giuseppe Garibaldi
is a revote possible?
The vote is "technically" still open...
How many members would need to change their votes?
Deflation hist CNBC......
Once more...
C O N G R A T U L A T I O N S ! ! !
democracy is not dead.. Yet
Wow the people created more fear than the bankers this time.
Bugger!
Will this bill walk into the light OR WHAT?
TED: 3.40
Brazil down 11% ---- full crash mode!
1202 visitors ?
holy shit
It's not over.
Tom Delay once held a vote open for 3 hours.
How much longer will the vote be held open?
CNBC's on-air personalities are OUTRAGED, save "Honest Rick" Santelli, as usual.
LOVE IT!!!
I weep for my beautiful UBS.
Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves." -Andrew Jackson, 7th US President
Not over until it is over.
Let your balls hang low...NAYS...let 'em hang!
Geronimo..............
Far from over here...
One vote changed. 227 against.
Stay true, Nays
Wow. Look, everything is still fine. What happened to the end of the world if this fails?
Has the vote OFFICIALLY been closed or is the Speaker holding the vote open still?
ow dow is only down -400 points hey not bad for a days job at capitol hill
What's the current vote count?
226 against.
WOOOOHOOOO!
uhhh, the tally is changing
206 to 227 nay
i think i saw a taser being used in the corner of the screen. the heck with arm twisting.
its too soon to call it
pelosi like repubs and dems before her is holding the vote open even tho the time has expired
repubs did this several years ago re medicare part d when they were two votes behind
very evil no matter which side does it
it aint over
but hoping i guess that the bailout fails
realizing that we are all going to suffer greatly in order to ensure the guilty are punished
So now be hushy, little pukers! Side here roohish, cleany
fuglers! Grandicellies, all stay zitty! Adultereux, rest as befour! For
you've jollywelly dawdled all the day. When ye coif tantoncle's
hat then'll be largely temts for that. Yet's the time for being now,
now, now.
Come to order!!!!!
NEEIIGGHHH
Says the pony as he dies...
Funny, my stocks are still doing quite nicely, is it just the crapola that's tanking? Maybe the Worthless $hit?
207 yea 226 nay
The Fat Lady hasn't sung yet, but this is a baby step in he right direction. I don't know about the rest but this has been one hell of a ride. We need to keep pressure on or they will try some weasel manuver in the next few days to end run the wishes of American people (another 630 B package in the middle of the night etc.)
This morbid kitty is bouncing...
Vote is changing...ever so slowly, but changing. Some of them are yet to sell out it appears.
Nay, IMHO, the right outcome. But, it was Pelosi that delivered the Nay vote.
What a political and partisan statement she made!
She tells the floor that Paulson et al delivered a plan and it sucked, but the Democrats got ahold of it and fixed it. She actually thinks that's bipartisan so to bring on board reluctant Republicans!?
Ego preceding a fall?
The vote changing has begun ...
OIL is down...that is GOOD news for Main Street!
So what's the point of imposing a 15 minute vote if you can just hold it open as long as you want?
They shoot ponies, don't they?
Not over yet
votes are being switched
order calls are being openly ignored
this is the death of the Republic
Good, a shit plan that connected more fraud to the same crooks should continue to fail!!
The London interbank offered rate, or Libor, that banks charge each other for such loans climbed 8 basis points to 5.22 percent today, the largest jump since June, the British Bankers' Association said. The dollar rate increased 12 basis points to 3.88 percent, the highest level since Jan. 18. The Libor-OIS spread, a gauge of the scarcity of cash, rose to a record.
Money-market rates climbed even after U.S. lawmakers agreed on a $700 billion plan to remove tainted assets from the balance sheets of financial institutions. In Europe, four banks required state assistance and the ECB made additional emergency funds available to lenders through year-end. The Federal Reserve said later it more than doubled the size of its dollar swap line with foreign central banks to $620 billion.
How long can the vote be held open for?
1205 Visitors
hmm, everybody talks about Dow but Nasdaq is way down (poor folks here in the silicon valley)...
1205 online!!
1205 Visitors Online
Vote rigging more like it...
it's too many votes different between two parties
if it was less than 10 or almost all one party it might still ave a chance but this thing is dead. (for today at least)
...hey can't Bush just sign an executive order?
mykillk writes:
How long can the vote be held open for?
AS long as they want...
1205 visitors online - WOW
1226!
1226 Visitors Online
votes can be held open for hours
So what's the point of imposing a 15 minute vote if you can just hold it open as long as you want?
Getting your way whatever the cost to your country or the legitimacy of the institution.
Keep calling; faxing, etc.
Luckily, my representative, Jar Jar Binks, is immune to Jedi mind tricks. He won't change his vote, no way!
Would like to see a ticker tape parade, with CR, Tanta, Mish, Roubini, Denninger, Winter, Yves, and other great bloggers.
This victory belongs to you guys.
It is a joyful day.
I am headed to the tip jar!
Pelosi voted NAY, so that means she has the right to bring it back to a floor vote whenever she wants to. Those are the rules folks.
dead cat bouncing high today
All this means is there's a new bill with different colored ponies.
So does this stay open forever?
Nay, IMHO, the right outcome. But, it was Pelosi that delivered the Nay vote.
What a political and partisan statement she made!
It's a parliamentary procedure maneuver. It allows her to bring the vote back up for consideration.
Why does it say that the vote was on an amendment. I don't understand.
Dow's only down 440. .... No reason not to close this vote.
the speaker stepped out of the chair to have some tingling
8 must change no way
EVERYONE CALL YOUR REP'S OFFICE...
When they pick up...say nothing but
WE SAY NAY!!!
NAAAAAAAAAYYYYY!!!!
For about five minutes I was stoked...
Something tells me that this will be reversed....
....
Short squeeze?
This stays open until they get what they want.
I want a list of how each congress person voted. I will vote accordingly.
1308
1308 visitors
old german saying:
You don't want to see either sausages or laws being made.
1308 Visitors Online
mykillk writes:
How long can the vote be held open for?
Until it passes. Baby Jeebus wants UBS to live!.
ORDER!!! NOW!!!!
Ciao
MS
1347
1347
1347!
Republicans are short this market....
Maybe some yea votes will change to nays.
Maybe some former nays who turned yeas will go back to nays.
C'mon America. You can do it!
1393
1393!
"Nude | 09.29.08 - 2:00 pm"
are you getting paid by Tom Delay?
godhatesfangs writes:
What does your moniker mean?
......
I just chewed my mustache off. Dammit!
How long can the vote be held open for?
According to House rules, it must be closed now. But there's nobody to stop them from breaking the rules. Delay broke them with a 3 hour hold for Medicare D without any direct consequence.
It will increase the political consequences for Yea votes, though, if it passes.
i bet you're all wondering why i called you together today. anyways, these three bankers walk into a bar...
1411!
if The visitor count reaches 1500, I'm taking the day off....
1411
Congressman's office said the vote should close in 15 - 20 minutes
Ponies OR Death!!!
Remember that little voice inside you that said you didn't matter, your opinion and your vote don't count, why even try to stop this thing...
F@CK YOU LITTLE VOICE!
mo cowbell!
ades ---these bloodsuckers need to quit bleeding us --saw it on trueblood on hbo
hooray!!!!
1451 Visitors Online
to godhatesfangs writes:
1347
godhatesfangs | 09.29.08 - 2:03 pm | #
and the rest...
We ALL can see the # of visitors. Please stop clogging the thread with these mindless updates.
Thank you.
I can only guess that the white house is making calls.... that or there is activity in Dick Cheney's bunker.
Lord almighty. if arm-twisting gets this to pass, people will be even more angry. pelosi is stupid. she should bring them to order kill it and be done. then blame the rest on the republicans. but Pelosi is an idiot.
I was on some conference calls with ibanks this morning. Everybody said it was in the bag and was planning accordingly. It's now 1929 and the windows in their buildings are starting to open.
If they reverse this, they might as well just declare martial law right along with it.
Vibhav Kapoor of IL&FS said there is a fear that hedge funds abroad and maybe some India dedicated hedge funds as well as emerging market hedge funds might face a lot of redemption pressures at the end of this quarter which is tomorrow. "Typically, hedge funds have redemption notices coming in on a quarterly basis, so the market would also like to wait for that and see how much redemption has come in."
Congressman's office said the vote should close in 15 - 20 minutes
From now or overall?
1451!
How long did they keep the Medicare Part D vote open? Three hours? There's blackmailing and extortion to be done now.
We need CELL PHONE NUMBERS. No time to call their offices. We need direct access.
the left-er dems and the right-er repubs are holding out against the bailout!!!
(ron paul republicans and denise kucinich democrats...what a strange combination)
This here swing is a hedge fund buster... and Bruce Willis wasn't there to prevent it...
They're keeping voting open so they can bring the market down and scare the Reps.
Still holding at 226 nays.
C'mon they need to bring this thing down. We're done with the artificial levitation tricks. You push the market back up after cats outta the bag, you lose your panic button opportunity. Big plus, everyone still believes in democracy. Win-wi
longest f-ing 15 minutes in history...
@ Thats Ballgame Comrades
For once I agree with an Anonymous Coward.
Shall we have 2000 this afternoon?
Thats Ballgame Comrades writes:
If they reverse this, they might as well just declare martial law right along with it.
That was probably the plan.
GOP doesn't scare - the Dems own this.
HAHA. 1526 online
ghf - Cool.....
energycon, I actually was politically proactive for the first time in my life. And it might have worked. It does feel good.
Thanks to everyone who called / emailed / faxed....
......
Well, holding the vote open this long probably kept the selloff from full intensity, and got us past the 2PM window, so the first circuit breaker to worry about now is a 1200 point dow move before 2:30, which would lead to a 30 minute halt.
Why do Republicans hate America? The only thing holding up the markets right now is that the vote is still open. I guess doing what's best for your country is overrated.
Lefty, please inject liquidity... now.
S&P - 1150
CR - 1526 !!!
wow
When do they close the vote? When the current way it goes is what "certain people" want? (eg, Goldman)
If the vote had won, would they also be keeping it open?
1526!!
Erinn burnett is coming on and maybe she will cry...
Ego preceding a fall?
Gary | Homepage | 09.29.08 - 2:00 pm | #
Not me.
Hey Gary, that handle is already taken - add an initial or a location, I have a lock on that name.
Else, I'll have to get all Sebastiany and ask CR to ban you.
I called at ~2:01 pm
Andy in NZ:
Everything okay down there?
EQ @ 7+ Richter from what I heard.
Andy in NZ:
Everything okay down there?
EQ @ 7+ Richter from what I heard.
Dow 3,600!
Good they pumped such massive liquidity into the market today. Anticipatory? Naw....
For a burning would is come to dance inane. Glamours hath
moidered's lieb and herefore Coldours must leap no more. Lack
breath must leap no more.
Lel lols for libelman libling his lore. Lolo Lolo liebermann you
loved to be leaving Libnius. Lift your right to your Liber Lord.
Link your left to your lass of liberty. Lala Lala, Leapermann,
your lep's but a loop to lee.
A fork of hazel o'er the field in vox the verveine virgins ode.
If you cross this rood as you roamed the rand I'm blessed but
you'd feel him a blasting rod. Behind, me, frees from evil smells!
Perdition stinks before us.
1557!!!
1557!
everyone who has ever been on cr right now--_THINK of it!
LOOK at all the peoples streaming out of the banker-dome!!
Hi everybody!
1610
It's not over til it's over.
There were 228 against, now it's 226.
Pelosi has a lot of the 94 no-voting Dem's balls in a vise, and she's turning the screws. This could get ugly.
Holy Shitbags:
1610 Visitors Online
i don't think they can hold much longer. at sunset is when Rosh Hashanah starts i believe.
Attention Intertubes....
All your visitors are belong to CR.
1610!
Plan B??
ay are still holding at 226, guess they'll have to close the vote down soon. you know, even politicians have to go to bathroom and eat too (intended)...
1646!
1646 and rising
Holy Crap. 1600. This is truly historic on so many levels!
To all new visitors:
Do not be afraid of NAY.
Rome IS BURNING!!!!!!!!!!!
is this like HOYER 1 MINUTE ?
Commodities are down 5%. That's a benefit to all, not just wall street. Why doesn't CNBC highlight that aspect of the NO vote.
Freakin self serving shills.
1668!!...Will it touch 1700?
CR you should see if you can get AdSense on HaloScan. You'd be rich with all these refreshes!
....
Rpublicans come back witht he hammer and take it to the banks in a Roubini Scandanavia like deal. Deal goes through republicans take the credit and dems look stupid. the one time they line up behind Bush they take the wrong si9de of the trade. Polsi really is an idiot/
frued LOL
who is the one dillhole rep that hasn't voted yet?
American are not stupid after all.
Free Market surive
The vote has occured. Now it's lobbying time! They are all pointing to the stock market and screaming "Oh the huma.... wait no... Oh, the rich an wealthy bankers! The horror! What will it take for you to change your vote congressman?"
Are there any jets left? I want out! I wanna go to Aspen .... no wait, I wanna go to Cayman Islands!!
1720 CR!
I repeat...
STOP posting # of visitors.
Waste of time...
Hey...Is the C-Span link still working?
I would like to personally thank and congratulate all the people here who worked hard to defeat the bailout.
I believe you may have had more impact than you think. The blogosphere is a new force.
I would also like to thank CR and Tanta for creating a great blog that was perfectly positioned to capture interest in this historic event. I hope all the newbies here will stay and keep contributing.
My short portfolio thanks you, too!
I have 1720, do I hear 1800?
c'mon 1800
It's over, folks. The clown is down.
This is actually pretty bad news. They were close to getting this thing done on the first vote after some windwow dressing.
A few more curtains here and there, and this passes easily tomorrow.
Back to 227.
Message to Jim Cramer: You have no idea, NO IDEA, how much people hate Wall Street.
1720, holy shit.
VIX, TED, short T's, Libor?
Whazup?
Is it dead yet?
1720!
Lehman's Neuberger Berman Unit Sold
Private equity firms Bain Capital and Hellman & Friedman agreed to a deal Monday to buy Lehman Brothers Holdings' prized Neuberger Berman asset management unit and other businesses for $2.15 billion.
228...
oh no they are compiling a list!
Dems are so dumb on top of corrupt. They should have put forth a truly progressive bill that included liquidity for Wall St. and a bunch of money for economic recovery on Main St. and they could have looked like heroes. Instead they look like incompetents.
So lets see a NO vote got us:
Cheaper Oil
A Rising Dollar
&
Falling Commodities
I think it was a pretty good deal.
The world might once again gain faith in the green back.
.....
NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!! NAY!!!
Frazier is down... frazier is down...
they're talking about how people still think there's a chance in hell that this bill in current form will pass.
Pelosi is dumber than dirt.
For the last few weeks I've been disgusted with my country, finally I feel good about being an American.
btw, my FITB puts went through the roof today, w00t!!
moving to reconsider
WUT?
ok. so most likely a fail. this means that they will not take a break and new legislation must be passed.
time to stay politically active and have them bring some economists of note into the mix or
wait move to reconsider!!
Bill failed dow down 700
cnbc trying to talk this up like a deal is coming what a disgrace. trying desperately to get this thing passed
help me out here. WTF?
motion to re-consider will be decide right now
1772
Let's see if CRVIX go over 2000 today
Down Goes Frazier! Down Goes Frazier! Down Goes Frazier!
1807 American People (and past the symbolic 1776!)
I have some puts where the ASK has doubled and the BID has dropped by half today. I really would have like to dump them at the ASK price. =(
So, what are the implications of this failure for Obama? It has Pelosi (i.e. Dem) written all over it...
Down goes Frazier! Down goes Frazier!
Assist to the above.
I believe this is the CRVIXs still birth.
Jesus...almost 1800 visitors...
drink of water!!
What's switching?
house rule is so confusing
Is there a live roll call vote available anywhere?
Vote closed and lost!
1807!
2k next!!!!
Dow's only down 700
Nobody is reporting this vote being done. Be prepared for utter outrage.
Pelosi just brought down the gavel to close the vote
1812
It's over.
C-SPAN link is getting hammered with too much traffic.
Hurray!!
What's Plan B? Will they just keep spamming this bill until they get it passed?
No Chance!!!! Sweet baby jeezus!
Man!!!.....They were almost planning to offer the motion to vote again...
1812
HUZZAH!
Ah, the marvels of a President who, instead of taking the bully pulpit to calm the markets by saying "The only thing we have to fear is fear", instead says "pass this bill or run for cover!"
[quote]Not me.
Hey Gary, that handle is already taken - add an initial or a location, I have a lock on that name.]
so many garys, so little bandwidth.
CNBC reports that dems say no chance to pass.
JoeB writes:
Message to Jim Cramer: You have no idea, NO IDEA, how much people hate Wall Street.
Good one JoeB!
CR and Tanta - Thank you for your hard work.
It's nice to see all these clowns working round the clock and see it fall flat on their faces... kinda like the regular lupeninvestor Joe 6pack's regular days of working hard and trying to save money.
The ship goes down we ALL go down. No life preservers for wall street.
1827 Visitors Online
that's not pelosi that's tauscher
206 to 227
My Congressman's office has literally no idea what's happening. They don't even know how he voted. They don't know why it was still open. They don't know what's happening with the reconsideration.
It's chaos down there.
One two three. Chours ! So come on, ye wealthy gentrymen
wibfrufrocksfull of fun! Thin thin! Thin thin! Thej olly and thel
ively, thou billy with thee coo, for to jog a jig of a crispness nice
and sing a missal too. Hip champouree! Hiphip champouree! O
you longtailed blackman, polk it up behind me ! Hip champouree !
Hiphip champouree! And, jessies, push the pumkik round.
Anneliuia!
ENGINE ROOM:
Hi, guys. Listen, they're telling me the, uh, the generators can't take it. The ship's breaking up and all that. Just F.Y.I.
..
it's not over
All those people who sent in faxes, should be thanking their reps who voted NAY.
A mass thank you is needed now.
yay...this is the best thing that could have happened...less mess less confusion...let's see the mud and deal with it.
Well done people. Round two begins shortly.
$100 says Obama comes forward with plan his "advisors" have crafted to save the day.
Dow just crashing.
Congrtaz my CR patriots!!!
oops
any links to analysis of what this no vote will mean to the CP market?
"Margin...on line one"
I think we need to start calling and writing the media outlets as well to make it clear that "main street" does not want this bailout.
WASHINGTON (MarketWatch) -- The U.S. House rejected on Monday a proposed $700 billion financial bailout package supported by the Bush administration, the Federal Reserve and the congressional leadership of both parties. The vote was 205 for and 228 against. The rejection of the plan could mean disruption in financial markets and another attempt by officials to craft a compromise plan that will get a majority vote. The administration had been pushing for quick movement on the bailout, which officials have warned is necessary to avert serious consequences for markets and the economy. Some critics said the plan was a giveaway to the very companies that created the crisis, while others said it amounted to socialism
Sh!t I got work to do - thanks for making history folks - something will get done but now we at least have a prayer of something meaningful...
Homedad43
Its 7am down here, the fun will begin in 3 hours.
Beautiful sunrise, and Bailout is top of the news with extra special updates. Is 7am too early for beer?
Democracy is messy!
Cheers...
God Bless America!!
1866 Visitors Online
!!!!
Pisani on the floor says: "everyone is in shock"
The only thing I'm afraid of now is how many Franken-versions of this bill will be brought forward and if will we all get tired of swatting them down?
I'm going to go celebrate!
Just a word of caution - they just clarified they can have an immediate revote - at least some of the No votes have just said "let's make a deal".
As several commentators pointed out - this either passes with strong GOP support or Dems will not pass it either.
Democracy is a heck of a messy business!
"27(+) new comment(s) posted recently."
WTF?
Interesting Times writes:
All those people who sent in faxes, should be thanking their reps who voted NAY.
A mass thank you is needed now.
Interesting Times
Anyone have a list of the votes?
......
IS IT OVER???? I want a definite.
please no... bail out.
1880
"The rejection of the plan could mean disruption in financial markets and another attempt by officials to craft a compromise plan that will get a majority vote. "
what's a viable compromise in this context??
GS off approx 18%
What does it mean "suspend the rules and pass" and why is everyone voting for this?
People are posting faster than I can read, more new comments each time I finish scrolling down.
Anyone got a postings per minute chart??
Expect the unexpected....
Looks like Main St prevailed over Wall St.
Didn't even make it to October. They just don't make K-Waves like they used to.
SOS smoke signals coming out of the White House -- megaphone blaring this sucker is going down...
1925
Let's take the 700 B and start rebuilding our manufacturing capability today. Tomorrow the $ won't be worth a shit so we need to be able to manufacture what we consume in this country because it will be too expensive to buy from China
Everyone, what Interesting Times said - if you contacted your Federals to stop the bailout and they voted Nay - pleas email them a great big slobbery thank you!
Such a SHOCK!!! Oh, whatever will we do? Good thing shorts are banned.
Gold hopped like crazy, maybe a whole dollar? This is a building 7. Financial terrorism defied, but PULL IT!
i love this country, i feel so patriotic today...look to the
sky for bankers and brokers jumping
from high rise buildings..
Heading for 2000 visitors. CRVIX is wide open. We can see the head.
Yap. No BS bailout. We will take over all these bank at pennies.
1941
So, when do the people start the bank runs?
Max, can you explain what you mean by Round 2?
Under $115 on GS...go Warren!
WOW,
Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points
This is what happens when you continually bullshit people about valuations and allow crooks to keep cashing on fraud -- people are walking away, and they need to do so IMHO, because Congress never has addressed fraud and The Enron-like bullshit connected to this synthetic derivative nightmare!
Dow -571
When will the individual members' votes be made public?
Rich @ 210:
This internet is positively Jeffersonian.
And the vote is still open as they move on to something else.
If the vote changes sufficiently and the ayes have it, then...
Congratulations one and all. Sure it may rear it's head again, but there is no doubt that the furious, massive outpouring of constituent email, faxes, and calls were the deciding factor here.
Now we must monitor what cosmetic changes are proposed to bring this back for another vote.
But for today .. a victory.
I'm off to Lefty's to celebrate!!
Pisani is shell shocked his voice is creaking. Wall Street down. paulson should resign on the bakc of this and Bernanke. New Team. Obama should pre annoucne his financial team. jamie Dimon bring it on.,..
Wow, lots of people crying on cspan. "I don't want to eat peach porridge!"
Too bad I don't have a TV; I would pay just about anything to see Cramer crying about this!
thanks to all those fools that sent letters we'll all be eating bake beans out of tin cans
1941
lol
Don't worry I'll save you!
Ooops! I guess having wealth too concentrated in a democracy ends up being an unstable situation.
We're going to break through 2000.
YouTube - Major Kong Rides the Bomb
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