The DOW is down 538
Printable View
The DOW is down 538
This isn't looking too good.
Dow:
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
\/
Nay already at 220
DOW down 600
That sucking sound you're hearing is Wall Street in free fall.
Well not entirely but for the most part thats true. They moved the prime requirements way up. This is an addition to the complete or almost complete lack of 2nd tier and subprime lending.Quote:
Originally Posted by Aggie Hoopsfan
Whats was once 700 (prime) turned into 720 and last I checked the majority of banks moved that figure up to 740. I've been selling for over 12 years. I've seen scores above 740 9 times.....of the thousands of apps I've seen.
Even people with great credit 675 or better will see higher rates and probably be required to have some kind of down payment. What was once an affordable house may not be now. Even with the prices of homes going down.
Remember they're coming down from what was an absurdly inflated value to begin with. Not to mention the appraisals will hardly alter at all. Property tax will take the front seat on that deal. People think they're getting the deal of a lifetime but its nothing more than slightly less inflation.
Mix in the higher cost of everything around us and its just not as managable as it once was.
gold up $20
Pelosi just got pantsed on national television. :wow
down 689
Wow...back to square one, I guess?
Damn. Dow has gone from -100 to -700 in the last couple of minutes.
'Cuz I'm free......... free fallin'.............. [/DOW]
Partisan blame is more important to that bitch than common folk going broke.Quote:
Originally Posted by Aggie Hoopsfan
I'm sure for the broke bastards on this board this is good news, because maybe people can be as broke as you.
For those of you that have any equity such as, home equity, go ahead a discount the value 30%. For those of you who have a job, don't hold your breath.
good luck all. You showed the wall street fat cats.
:wow I follow CNN's money page for the stock info...apparently mine hasn't updated yet.Quote:
Originally Posted by Pistons < Spurs
They will probably try to re-vote again today. Worst case it's back to the drawing board.
Republicans: 65 yea, 133 nay. Fuck yeah!
Yea:205
Nay:228
DOW recovering a bit ... only down 495 now
CNBC reporting Dems pissed, expected Republicans to deliver 90 yea votes, got 65.
Suck it, Pelosi.
She stood up and launched into that partisan tirade this morning trying to twist them into going along with this, and she just got a huge middle finger from Republicans in the House.
I love those guys.
And I checked, my rep voted 'Nea'. Good job :tu
The SEC really fucked up in changing the short selling rules last year... I wonder how much of this was a forced bear run by short sellers?
And that's about how accurate the media is on polling data for democrats as well. If the trend continues, McCain will win by how much?Quote:
Originally Posted by Aggie Hoopsfan
207-226, they can still switch votes.
Republicans:
66 yeah, 132 nay.
Dems: 141 yea, 94 nay.
Oil is in free fall, under $100 a barrel now. Gold up over $20 an ounce.
This would be hilarious if I didn't have money in the market right now.
guess twocents is a dimmo-crap now.
I wish I could see Pelosi's botoxed ugly ass grill right now, that's a Mastercard ad waiting to happen.
CNBC: reporting that senior Dem staff is saying they aren't going to get the votes to pass this.