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IBDvalueinvestin (98.52)

Banks fall on suggestion no 2nd Tarp



February 04, 2009 – Comments (5)

But wouldn't this be good news? It would mean they don't need it.

Follow Up: Pelosi unsure another bank bailout inevitable

Reuters reports that US House Speaker Nancy Pelosi said on Wednesday she was not sure that another bank bailout request from the Obama administration is inevitable. Pelosi spoke at a news conference, where she was asked whether she was aware of any administration plans for another rescue of U.S. banks along the lines of the Troubled Asset Relief Program. "I had thought before ... that coming out of the Bush administration, from the statements they had been making, that that was an inevitability. I'm not so sure that it is now," said Pelosi, a California Democrat.

5 Comments – Post Your Own

#1) On February 04, 2009 at 2:10 PM, kdakota630 (29.04) wrote:

In a weird way, it's refreshing to know that I'm not the only one who doesn't know what's going on, as it seems even the people in charge of making the decisions don't know, either.

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#2) On February 04, 2009 at 2:16 PM, IBDvalueinvestin (98.52) wrote:

of note April gold surged to +$10.30 to finish at $902.80

Safety in gold is starting to make sense.


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#3) On February 04, 2009 at 3:26 PM, nthought (< 20) wrote:



1. Nancy sucks as Speaker and really needs to go. 

2. If the Democrats can't muster up the gumption to pass this thing, they need to go too.


If I were in charge, this would already be a done deal, I'd put as much money in it as needed, and I'd add more to the bailout.  All the chicken littles can kiss my butt.  I say, get people out of this recession/depression mindset and get them worried about inflation.  Business would rush to take out loans and would hold on to their employees.  People will buy houses and products again. 



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#4) On February 04, 2009 at 3:28 PM, carcassgrinder (34.79) wrote:


point 1. correct

point 2. incorrect

point in charge...bad idea 

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#5) On February 04, 2009 at 3:28 PM, nthought (< 20) wrote:

IBD, you can't build Obamavilles out of gold.

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