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Chevron Corporation Message Board

  • brightstocks brightstocks Oct 27, 2008 12:04 PM Flag

    CRITICISM of CNBC & their nauseating PITCH for the credit markets

    Are they kidding us? IT seems almost EVERY day, CNBC is bringing on the big guns, like Bill Gross from PIMCO, or Warren Buffett, or someone to "talk the stock market UP".

    I'm sorry, but it almost seems the Plunge Protection Team is DESPERATE you know? Bottom line--Americans are cutting back on things, ESPECIALLY this quarter....as the realization of what has happened is hitting them!

    All this talk about LENDING & CREDIT is beyond the pale to me.

    When AMERICANS have lost 1/2 half their 401k's, the LAST THING they FEEL like doing is borrowing for BIG TICKET ITEMS, so Wall Street & their cohort politicians can stick it. They can't make us borrow!!

    And, to prove that our illustrious Congressmen & Senators DON'T give a hoot about us and are SO disingenuous, the only reason they want this stimulus package is for all of us to go out and spend, right? But,they are so stupid.

    The last one didn't work, and the DOW was a LOT higher than where we are now. WHEN people get this "stimulus" package, they will put it on their DEBT, NOT on more credit crap...

    As far as oil goes, people have already cut back. I work part-time and used to go to work 5 days/week, but now I only work 2 1/2 days/week to save gas money. People are beginning to tighten their belts. From retail clothing to fancy gadgets to cell phones, as they realize they don't have to buy new cell phones every 2 years!

    People are going to start cutting back on all these expenses AND taking better care of the things they own, so they last longer! JMHO.

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    • Friday, October 24, 2008

      Subject: Healing Process of the Largest Financial Disaster in US/World History


      The US markets will stabilize and start a positive healing process and lead the way for International markets to follow suit when the following things happen:

      1. The guilty politicians (House and Senate – Republican and Democrat) that were the “enablers” to the largest financial disaster in US/World history are identified, accused, indicted, prosecuted and convicted by the present facts of incompetence, negligence, dereliction of duty and irresponsibility.
      2. CEO’s, CFO’s, members of the Board of Directors and others of responsibility of some of the largest and most respected US business and other respected US Government entities that were “enablers” to the largest financial disaster in US/World history are identified, accused, indicted, prosecuted and convicted by the present facts of incompetence, negligence, dereliction of duty and irresponsibility.
      3. Members of the Federal Reserve Bank and Federal Reserve Board that were “enablers” to the largest financial disaster in US/World history are identified, accused, indicted, prosecuted and convicted by the present facts of incompetence, negligence, dereliction of duty and irresponsibility.

      When the American public as well as the rest of the rest of the international business world observes the reality of the above prosecutions and convictions can the stage be set for the slow rebuilding process of the American and international monetary systems.

      We can start the financial healing process by arresting Barney Franks for incompetence, negligence, dereliction of duty and irresponsibility. He needs to be stripped of his Congressional appointment, lose his Congressional retirement pension, lose his Congressional health retirement plan and make plans to spend the next several years in a US prison.

      Regards:
      Eric Copt

 
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