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  1. #151
    Senior Membrane spirilis's Avatar
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    Additionally, the SEC's Short-Selling Ban has been extended:

    Bloomberg.com: Worldwide

    SEC Extends Short-Sale Ban as Congress Weighs Bailout (Update1)

    Oct. 1 (Bloomberg) -- The U.S. Securities and Exchange Commission will extend a ban on short-sales of financial stocks, leaving in place the prohibition on bets companies' shares will fall until Congress approves a $700 billion economic bailout.

    The restriction will expire three days after lawmakers give Treasury Secretary Henry Paulson authority to buy illiquid assets that are burdening banks and other financial firms, the SEC said today in a statement. The short-sale prohibition will end no later than Oct. 17 if Congress rejects the legislation.
    intp | type 9w1 sp/sx/so

  2. #152
    On a mission Usehername's Avatar
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    Quote Originally Posted by spirilis View Post
    Bailout Bill v2.0 has passed the senate.

    Bloomberg.com: Worldwide

    U.S. Senate Approves $700 Billion Financial-Rescue (Update1)

    By Nicholas Johnston and James Rowley

    Oct. 1 (Bloomberg) -- The U.S. Senate tonight approved a $700 billion financial-rescue plan that funds the biggest government intervention in the markets since the Great Depression. The package now goes to the House of Representatives, which rejected an earlier version of the measure.
    Thanks for the update.


    I dunno how I feel about this, exactly.
    *You don't have a soul. You are a Soul. You have a body.
    *Faith is the art of holding on to things your reason once accepted, despite your changing moods.
    C.S. Lewis

  3. #153
    Order Now! pure_mercury's Avatar
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    Here is another good article about the bailout:

    Dear comrades: Let's do nothing - The Denver Post
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  4. #154
    Oberon
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    I sent my Representative an e-mail strongly urging him to vote "NO" when it comes around to the House again.

  5. #155
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    Quote Originally Posted by oberon View Post
    I sent my Representative an e-mail strongly urging him to vote "NO" when it comes around to the House again.
    Yea, I'm gonna have to look for some phone numbers today and make some calls . We can't let this pass. Gotta make our opinion known in the very least.

  6. #156
    mountain surfing nomadic's Avatar
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    A government report said orders to U.S. factories plunged by the largest amount in nearly two years as the credit strains cramped manufacturers.
    Yahoo! News

  7. #157
    Oberon
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    It'll only be worse down the road if we put it off.

  8. #158
    mountain surfing nomadic's Avatar
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    meh i agree with you. but im not hoping the house passes it.

    i already hedged myself so either way, its not that big of a deal.

    i just hope the college/graduate education of the US still is rated top in the world 20-30 years from now. I would hate to have a degree from the equivalent of a canadian or mexican university down the line...

  9. #159
    Senior Member wildcat's Avatar
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    Quote Originally Posted by pure_mercury View Post
    Here is another good article about the bailout:

    Dear comrades: Let's do nothing - The Denver Post
    Why do you think McCain and Obama are for the bailout?
    I tell you why.

    They do not want to be a President for a nation of paupers.

  10. #160
    Arcesso pulli gingerios! Eldanen's Avatar
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    Quote Originally Posted by wildcat View Post
    Why do you think McCain and Obama are for the bailout?
    I tell you why.

    They do not want to be a President for a nation of paupers.
    You make them sound altruistic.

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