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JAPAN NEWS AND DISCUSSION

Stocks tumble after U.S. gov't unveils financial plan

Business Feb. 11, 2009 - 06:44AM JST ( 13 )

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13 Comments

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GJDailleultFeb. 11, 2009 - 09:20AM JST

Yikes! Geithner is Paulson Jr., a HUGE mistake putting another Wall Street guy in charge. Both too busy trying to protect Wall Street firms instead of fixing the real problem. Dow 5000 anybody?
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bobcatfishFeb. 11, 2009 - 11:32AM JST

I don't think so but it is anyone's guess. make a big call and get it right and everyone says you are a genius. get it wrong and no one remembers. 10 000 is just as likely as 5000. certainly it is the first time in my life i have watched the bloomberg channel.
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YelnatsFeb. 11, 2009 - 12:55PM JST

I say ask Maddof what to do. He is a likable chap.
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realistFeb. 11, 2009 - 01:44PM JST

Personally, I think that the "American Dream" whatever it was, is finished. The bubble has burst, and even the Great Leader, President Obama, who strangely claimed before his election that he would "save the world" is powerless to halt the rapid economic declne of this once great nation. The moral rot set in years ago, with the legalisation of abortion, and other heinous laws being enacted. This has led to the current crisis. Greed and immorality, the rejection of God`s Standards, have sounded the death knell for the nation which proclaims on the back of its currency "In God Our Trust." The only hope for the American people is to return to the God they claim to trust in. Then, and only then, will things get better. If they dont do this, then as a nation America is doomed.
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SargeFeb. 11, 2009 - 07:16PM JST

Hope! Change!

"Treasury Secretary Timothy Geithner"

This is a joke, right?
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rajakumarFeb. 11, 2009 - 08:07PM JST

Multinational companies and multinational investment funds not in love in US govt.

Obama administrations should listen more to these people,to make them invest in US companies.

They are just shooting down finance companies/banks .

USA needs to bullet proof the banks/finance companies,by building up their market capitalisation power for bullet proofing.

They stock market players really shooting down US market capitalisation now , to buy them up at lower price. Global mart players know their game well.

Push USA down and buy at low cost.

Wall street companies/US tresury need to unite to bullet proof Nasdaq.

The big financing plan talk of 819 billion dollar power, still not making america more productive.

USA productivity needs to bullet proof economy via more productive jobs, to make mart funds come back.

The real problem is more jobs to pay for the houses and house loans/mortgages again.
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ca1ic0catFeb. 11, 2009 - 10:09PM JST

The wall street schmucks didn't get an immediate bail out so they are going to pitch a hissy fit. I've never seen such a bunch of rich whiners in my life! I hope Soros chokes on his worthless paper.

When it comes to hope and change I agree with Sarge completely. So far all I'm seeing is the status quo with a leftist twist. It would seem Obama simply doesn't have the power necessary to force congress or the democratic party to do what is necessary rather than what is expedient. A pity, but not wholly unexpected.
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SargeFeb. 11, 2009 - 10:16PM JST

I saw a good political comic in the paper today - elephants ( Republicans ) are parachuting ( bailing ) out of Obama's porkulus plane heh heh.
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cracaphatFeb. 11, 2009 - 10:40PM JST

Some people can't contribute constructively unless they are being negative.
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SargeFeb. 12, 2009 - 12:14AM JST

"The good news is they're going to spend a trillion dollars, the bad news is they don't know how"

Actually, they know how to spend it all right, the bad news is they're going to spend it.

President Obama made me laugh when he said people can't spend money if they don't have it. Heck, that's never stopped the government.
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ca1ic0catFeb. 12, 2009 - 03:48AM JST

It's never stopped the consumers from going into debt to buy the stuff to support a lavish lifestyle they really can't afford. When I look at the US defecit I just see a reflection of the US voters with VISA card in hand. It's a democracy, after all. The goverment just mimics the voters.

Now that the voters have re-discovered the virtue of savings (or are forced to...) the government has to try to "bail out" the companies that build their business on a continuous spending binge.

This is just unsustainable. More government spending is not going to make up for consumers. It's just going to delay the inevitable. Maybe lessen the impact. But the party is over. I was hoping Obama might understand that. But they are too busy trying to prop up the status quo.
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BadseyFeb. 12, 2009 - 04:43AM JST

-and I thought the Japanese bubble was bad!

Oh well, only a few Trillion is needed it seems. Now who do we borrow that from when 90% of the financing has left? These politicians and (SEC) have really shot themselves in the foot. Hardest hit will be the older people on limited incomes (pensioners) when the inflation hits.

Politicians need to be more responsible like the common man.
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rajakumarFeb. 12, 2009 - 05:20PM JST

US govt should just let the stocks market be as they are and rise of its own.

1000s billion should be used to uplift those living in poverty in USA and the common man.