CNBC Sunday night coverage

[cosmolothrentas]

anyone watching?


.

[45 ACP]

Yep.

Squawk Box.

They all seem to think it will be bad, but not really bad.

They all seem to have no clue of the true gravity of the situation.

[refusedlud]

its a slow motion suicide.....gold is dropping this week.

ANY huge swings up or down more than $50 i'm doing the opposite. upswing of $50, i'm selling, and vice versa.

what you have to consider is huge hedgies need to sell metal to cover shorts, so the extreme short term behavior is going to make you say "whaaa?"

long term we're going to $1200 by the end of the year.

(in my bullionvault account that is)

[graspAU]

These are interesting times. It's very entertaining to watch. I'm shocked at how they have kept the house of cards from fallling so far.

[cigarlover]

You know they are nervous. No other reason to be on TV on a Sunday night. That jackass from Pimp co is always on. He was saying the other day how the government needed to come in and bail out all this crap and of course he is sitting there holding all of the crap.. Everyone has their hands out here.

[phideaux]

Maria is just awful, She should have retired when they started calling her the Money Honey. :banghead:

[graspAU]

Maria is just awful, She should have retired when they started calling her the Money Honey. :banghead:

She is one of their worst hosts. She is so in love with the power of these wall street gurus that she can't see an inch in front of her nose to ask the appropriate questions.

The other idiot is Dennis Neal. He was hired as a technolgy editor. They let him cheer the stock market and economy all day long with no experience at all in the capital markets. He's unqualified to discuss any of these issues and to suggest people should purchase stocks. I've actually written NBC about what a goof he is and how bad it is that they let him give people financial advice when he does not have any background in such things.

[cosmolothrentas]

They use "nationalized" when they mention somialosm in amerika now.

They just repeated 95% mortgages "nationalized". (They won't say SOCIALISM)

One guy said "they have all of it".

Bu we will all continue sending our mortgage checks in. WON'T WE???

Even the so-called anti-socialists.
No revolution. Just sit.
After all, your socialized housing unit is nice....nice house, nice yard, deck, basement....suddenly socialism "ain't so bad", huh?

Christ. What sheep we are.

I know. I'm being too simplistic, right?

.

.

[cigarlover]

Maybe i have this all wrong. I need to go out and buy a house that is way bigger than I need or can afford and than get bailed out..

When I called my congressmans office on friday and said I hadnt worked since april and asked for my bailout check. They said really? Are you current with all your bills? Do you own or rent? Is your rent current? We have government housing you know you should go sign up and get on the list.. I called to bitch them out for all these bailouts and they offer me a job and cheap housing LMAO!!!

[Mone]

So if the mortgages are nationalized and backed by the taxpayer... why pay the mortgages at all and just pay taxes?

[mick silver]

I'm Calling my congressman this week an seeing about getting a million dollar bail out

[refusedlud]

Maybe i have this all wrong. I need to go out and buy a house that is way bigger than I need or can afford and than get bailed out..

When I called my congressmans office on friday and said I hadnt worked since april and asked for my bailout check. They said really? Are you current with all your bills? Do you own or rent? Is your rent current? We have government housing you know you should go sign up and get on the list.. I called to bitch them out for all these bailouts and they offer me a job and cheap housing LMAO!!!

the sad thing is i'm not really that surprised at this...

[MorganTheGoat]

CNBC and MSNBC are both pumping propaganda about GM tonight. I bet they get bailed out soon. Corporate media indeed.

[EE_]

Maria is just awful, She should have retired when they started calling her the Money Honey. :banghead:

Rare Maria photos!
http://images.teamsugar.com/files/usr/1/12981/gea2_01_img0080.jpghttp://img.photobucket.com/albums/v719/gofugyourself/GFY112005/71106034.jpg

[JJ_]

eww-- pls tell me that's not her ass...

[Agamemnon]

Bailing out anything that squeaks only proves how little we value the currency.

I think they should bail out pro baseball ...

Heck, the city counsels do when the stick the taxpayers for the new stadiums ...



.

[Homebrewer]

They use "nationalized" when they mention somialosm in amerika now.

They just repeated 95% mortgages "nationalized". (They won't say SOCIALISM)

One guy said "they have all of it".

Bu we will all continue sending our mortgage checks in. WON'T WE???

Even the so-called anti-socialists.
No revolution. Just sit.
After all, your socialized housing unit is nice....nice house, nice yard, deck, basement....suddenly socialism "ain't so bad", huh?

Christ. What sheep we are.

I know. I'm being too simplistic, right?

.

.Yea we can all default on our loans, and become a bunch of homeless revolutionarys. That will show um!

[Horn]

Yea we can all default on our loans, and become a bunch of homeless revolutionarys. That will show um!

Like I've said, we're all gonna turn into Islamic nomads one way or the other.:wink:

[ColdWater]

They haven't passsed anything but they're already adding on more debt. Car loans, credit card debt, and student loans will be accepted. That didn't take much arm twisiting by the bankers.


U.S. Treasury Widens Scope of Plan to Buy Bad Debt (Update1)

By Dawn Kopecki


Sept. 21 (Bloomberg) -- The Bush administration widened the scope of its $700 billion plan to avert a financial meltdown by including assets other than mortgage-related securities.

The U.S. Treasury submitted revised guidance to Congress on its plan a day after first submitting it, as lawmakers and lobbyists push their own ideas. Officials now propose buying what they term troubled assets, without specifying the type, according to a document obtained by Bloomberg News and confirmed by a congressional aide.

The change suggests the inclusion of instruments such as car and student loans, credit-card debt and any other troubled asset. That may force an eventual increase in the size of the package as Democrats and Republicans in Congress negotiate the final legislation with the Bush administration, analysts said.

``The costs of the bailout will be significantly higher than originally considered or acknowledged,'' said Josh Rosner, an analyst with independent research firm Graham Fisher & Co. in New York. ``How, given these changes, can the administration and Federal Reserve believe they are being forthright in their unrevised expectation of future losses?''

In another change today, the Treasury said it would limit its $50 billion plan for insuring money-market funds to those held by investors as of Sept. 19, excluding any subsequent contributions.

The American Bankers' Association, which had expressed concern about the plan last week, praised the move, saying it would eliminate an incentive for savers to shift out of bank accounts into money-market funds.

In its latest guidance on the bad-debt fund, the Treasury said firms that are headquartered outside the U.S. will now be eligible.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYXtwpG9mw9g&refer=home