I’ve always wondered where the foreign stock brokers were during this crisis. Every story I see dealing with Wall Street shows the same guy.

I wonder why the foreign guy is standing outside…:

Stocks slumped Friday, but managed to end off session lows, as Wall Street joined a worldwide market slump on bets that a recession is imminent – if not already under way.

The Dow Jones industrial average (INDU) fell 312 points or 3.6%. The Dow slumped as much as 504 points in the morning, recovered to within 112 points of break even and then fell back again by the close.

The Standard & Poor’s 500 (SPX) index fell 3.5% and the Nasdaq composite (COMP) slid 3.2%. Both stock gauges had posted steeper declines in the morning.

Friday’s session capped off a tough week on Wall Street near the end of a brutal month. The ongoing credit crisis, sluggish profit forecasts and falling commodity prices have all amplified recession fears, and the weakness hasn’t been limited to the United States.

Oh….I get it. That Chinese man (or Japanese, Koren, Hong Kong…shit everyone looks the same. Even white people look the same to me…I swear.) doesn’t work for Wall Street.

How do I know that?   We wouldn’t be in this fucking mess if he worked on Wall Street.  Nope.  This fuck up is us white folks.

It’s okay though. See these white people didn’t kill anyone. They just stole people’s hard earned money and gave it their rich white friends.  Not one person was shot, stabbed, raped, murdered, set on fire, kicked in the nose, popped in the dick, falcon punched, or poked in the eye by these guys.

Now black people mess ups…that’s a different story.

Hey…this reminds me of a joke..you want to hear it?

Alright here it goes…

 Subscribe to PhuckPolitics

Tags: Bail Out, Democrats, Fear, Fuck White People, Recession, Repbulicans, Stock Market
Comments (0)

Man does it feel good helping my country. I didn’t get the chance to storm the Beaches of Normandy or help during 9-11 but today I finally get to do my part.

How?

By helping out those poor people on Wall Street. Today CNN is reporting that a deal is almost done (I think this time they mean it) which will help out out the poor CEOs:

Congressional negotiators “made great progress” toward reaching a deal on the White House’s proposed $700 billion bailout of the financial system, House Speaker Nancy Pelosi said.

Under the tentative deal being finalized, the rescue program would be overseen by a board including the treasury secretary, secretary of commerce, head of the Securities and Exchange Commission and chairman of the Federal Reserve, said Sen. Kent Conrad, R-North Dakota, who heads the Senate Budget Committee.

According to Conrad, $700 billion would be disbursed in stages, with $250 billion made available immediately. In addition, the Treasury would establish an insurance program — with premiums paid by the industry — to mitigate taxpayer losses. The bill would also probably include some curbs on the compensation of executives at companies that participate.

The Bush administration is seeking authority for the Treasury to buy as much as $700 billion in troubled mortgage assets that are weighing down banks and other financial institutions in hopes of freeing up the banks to start lending again.

If enacted, it would be the most dramatic and extensive government intervention in the economy since the Great Depression. The aim is to unfreeze the credit markets — short-term lending among banks and corporations — by giving the Treasury authority to purchase bad assets from banks and other financial

I’m so excited…I’m finally helping people. I’m sure Jesus is so proud of me right now…

 Subscribe to PhuckPolitics

Tags: Bail Out, Democrats, God we are screwed, Jesus, Repbulicans, Wall Street
Comments (0)

If some of you  are worried about this Stock Market thingy, have no fear…your 110th United States Congress is here.   What is your beloved Democratically controlled congress doing?  How does voting on  a bill praising country music star Toby Keith sound?

H.Res. 1255 – Honoring Toby Keith’s commitment to members of the Armed Forces (Rep. Cole – Armed Services)

Thank you Congress.  Thank you for doing this for a true American.  Toby Keith has taught  America so much through his inspiring music,  tv ads, and  movies. He deserves this bill and I am proud to be an American because of him. Toby Keith for President in 2016.

 Subscribe to PhuckPolitics

Tags: Congress, Democrats, God I love America, Repbulicans, Toby Keith
Comments (0)

The website Think Progress has an article up slamming John McCain’s (Ed note-that doesn’t sound gay does it?) latest ad saying:

A new ad released this morning by the McCain campaign states, “Our economy in crisis. Only proven reformers John McCain and Sarah Palin can fix it.” In a statement today, McCain said he will “replace the outdated and ineffective patchwork quilt of regulatory oversight in Washington” and bring “accountability to Wall Street.” That promise rings hollow considering he has the former lobbyists of AIG, Merrill Lynch, Lehman Brothers, and Bank of America on his campaign staff.

Your point?

Those are some really good corporations who are ran by top notch, ethical CEOs.  Barack Obama can only dream to have that talent around him.  And how dare you sit there and try to paint these companies as evil mutants.  None of the companies listed contributed to my parents’ financial troubles.  They just dipped into their stocks every now and then for some really, really stupid stuff.

I mean, honestly…..who buys a lion as a guard dog?  Wouldn’t a German shepherd be enough?    No?  How about two?  But it does make you wonder who’s trying to rob them.

 Subscribe to PhuckPolitics

Tags: Banks, Democrat, Democrats, John McCain, Money, Repbulicans, Republican, We are screwed
Comments (4)