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  LiveWire / Teen Forums / World News & Current Events / Viewing Topic

Washington Mutual Failed.
Replies: 12Last Post Sep. 26 10:03am by bopass
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( hawaiinchuck )


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How does this make you feel? That a very big bank, failed? Yes, it was sold to JP Morgan Chase, so the people that have money in WaMu won't be affected. But people who had stock are now on the sidelines with nothing.

Scary, if you ask me. Lets hope this "bailout" plan is going to help us. It won't for the most part.

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Off the hillbilly hook, off the redneck chain!


9:41 am on Sep. 26, 2008 | Joined Aug. 2006 | 577 Days Active
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junose


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Worse is to come if they don't act soon.

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The answer is there is no answer.

9:42 am on Sep. 26, 2008 | Joined Sep. 2008 | 41 Days Active
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barnabas


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It is very scary. To sit and think about the economy, and wonder what is going to happen.

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Everyone who thirsts, come to the waters; and you who have no money
come, buy and eat. Come, buy wine and milk without money and
without cost.-Isaiah 55:1
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9:42 am on Sep. 26, 2008 | Joined Nov. 2004 | 924 Days Active
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Acid World


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It's VERY scary. Shit is moving downwards, and people are actually getting pretty frightened.

I like how everyone keeps saying that the country is on the verge of a panic, but they don't want to say what everyone is afraid might happen because it just seems like it couldn't happen (a big crash).

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ROW ROW FIGHT THE POWAH


9:44 am on Sep. 26, 2008 | Joined Jan. 2007 | 433 Days Active
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( hawaiinchuck )


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Quote: from barnabas at 9:42 am on Sep. 26, 2008

It is very scary. To sit and think about the economy, and wonder what is going to happen.

Indeed.

I think that one needs to watch as LITTLE news as possible. People are always saying Fox Noise is always using scare tactics, and that's true. But so do all of the other news agencies. Watching Bush's speech about the bailout plan, he used scare tactics up the yin-yang.

It's all very confusing. I just wish things were different.

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Off the hillbilly hook, off the redneck chain!


9:45 am on Sep. 26, 2008 | Joined Aug. 2006 | 577 Days Active
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darken


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I have an account with WaMu with zero balance. I don't want to take the risk of relying on FDIC.

9:45 am on Sep. 26, 2008 | Joined Sep. 2008 | 1 Days Active
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Quote: from Acid World at 9:44 am on Sep. 26, 2008

It's VERY scary. Shit is moving downwards, and people are actually getting pretty frightened.

I like how everyone keeps saying that the country is on the verge of a panic, but they don't want to say what everyone is afraid might happen because it just seems like it couldn't happen (a big crash).


Well we won't go to the extreme of everything worth 2 cents again.

But damn close. I'm talking MAJOR price falls. Why? Because American currency is fiat money. Which means that it's only worth something if we say it is. Now that we're saying it isn't worth as much, prices will drop. (That's the natural course, but Bush and his cronies like to hike-up prices to make a profit. Which works against this natural course.) After all the prices drop drastically, prices on everything will go up higher than normal, and then eventually equal themselves out.

Hopefully.

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Off the hillbilly hook, off the redneck chain!


9:48 am on Sep. 26, 2008 | Joined Aug. 2006 | 577 Days Active
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( hawaiinchuck )


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Quote: from darken at 9:45 am on Sep. 26, 2008

I have an account with WaMu with zero balance. I don't want to take the risk of relying on FDIC.

Then why even have an account?

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Off the hillbilly hook, off the redneck chain!


9:48 am on Sep. 26, 2008 | Joined Aug. 2006 | 577 Days Active
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Acid World


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Quote: from hawaiinchuck at 9:48 am on Sep. 26, 2008

Quote: from Acid World at 9:44 am on Sep. 26, 2008

It's VERY scary. Shit is moving downwards, and people are actually getting pretty frightened.  

 I like how everyone keeps saying that the country is on the verge of a panic, but they don't want to say what everyone is afraid might happen because it just seems like it couldn't happen (a big crash).


Well we won't go to the extreme of everything worth 2 cents again.  

But damn close. I'm talking MAJOR price falls. Why? Because American currency is fiat money.


Which was Ron Paul's whole stance about the "Gold Standard". I'm not sure if putting something solid behind our money would really help though.

But definatly true about the news channels loving scare tactics. They don't really help things at all.

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ROW ROW FIGHT THE POWAH


9:50 am on Sep. 26, 2008 | Joined Jan. 2007 | 433 Days Active
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( hawaiinchuck )


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Quote: from Acid World at 9:50 am on Sep. 26, 2008

Quote: from hawaiinchuck at 9:48 am on Sep. 26, 2008

Quote: from Acid World at 9:44 am on Sep. 26, 2008

It's VERY scary. Shit is moving downwards, and people are actually getting pretty frightened.

  I like how everyone keeps saying that the country is on the verge of a panic, but they don't want to say what everyone is afraid might happen because it just seems like it couldn't happen (a big crash).


 

 Well we won't go to the extreme of everything worth 2 cents again.

 But damn close. I'm talking MAJOR price falls. Why? Because American currency is fiat money.


Which was Ron Paul's whole stance about the "Gold Standard". I'm not sure if putting something solid behind our money would really help though.

But definatly true about the news channels loving scare tactics. They don't really help things at all.


The gold standard is great, but i really doubt it would work.

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Off the hillbilly hook, off the redneck chain!


9:51 am on Sep. 26, 2008 | Joined Aug. 2006 | 577 Days Active
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charolastra


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oh shit


>:(

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y mañana vendré con un cigarro a la cama.


9:56 am on Sep. 26, 2008 | Joined Jan. 2005 | 1214 Days Active
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barnabas


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Quote: from hawaiinchuck at 11:45 am on Sep. 26, 2008

Quote: from barnabas at 9:42 am on Sep. 26, 2008

It is very scary. To sit and think about the economy, and wonder what is going to happen.

Indeed.

I think that one needs to watch as LITTLE news as possible. People are always saying Fox Noise is always using scare tactics, and that's true. But so do all of the other news agencies. Watching Bush's speech about the bailout plan, he used scare tactics up the yin-yang.  

It's all very confusing. I just wish things were different.


I really dont understand business v. well either. I should have paid more attention in my economics class...This is probably true of a lot of americans, and so that makes it even scarier, because we dont udnerstand anything that is being said either.

-------
Everyone who thirsts, come to the waters; and you who have no money
come, buy and eat. Come, buy wine and milk without money and
without cost.-Isaiah 55:1
www.wateringmalawi.com


9:59 am on Sep. 26, 2008 | Joined Nov. 2004 | 924 Days Active
Join to learn more about barnabas Minnesota, United States | Straight Female | 27735 Posts | 38407 Points
bopass


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lol that's funny

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cyber?

10:03 am on Sep. 26, 2008 | Joined Sep. 2008 | 27 Days Active
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