Davin News Server

On 2025-03-05 16:37, AlleyCat wrote:
> 
> On Wed, 05 Mar 2025 18:06:59 +0000,  Lee says...
> 
>> The Dow Jones Industrial
>> Average took a 650-point header
>> after he announced that he?ll hit
>>   Mexico and Canada on Tuesday
>> with 25% tariffs.
> 
> So
> 
> And?
> 
> It'll rebound soon enough.
> 
> History has shown us that they ALWAYS panic, then recover when they see it's no big deal.
> 
> Tariffs hurt ONLY when you buy the shit from Cangaydia and Mexico.
> 
> Hmmm... what can we NOT live without, that comes from these two places?
> 
> =====
> 
> Stocks: Dow ends down 313 points after Obama win - USA TODAY -
> 
> https://www.usaToday - .com/story/money/markets/2012/11/07/wall-street-election-react/1687277/
> 
> Nov 7, 2012 - NEW YORK - Stocks ended sharply lower Wednesday, one day after the re-election of President Obama. The Dow Jones industrial average closed down about 313 points, or 2.4%. ... The Dow,
> which ...
> 
> =====
> 
> Stocks plunge: Dow's worst day of the year
> by Hibah Yousuf   @CNNMoneyInvest November 7, 2012: 4:26 PM ET
> 
> Stocks plunge: Dow's worst day of the year - CNN Business
> 
> https://money.cnn.com/2012/11/07/investing/stocks-markets/index.html
> 
> Nov 7, 2012 - In fact, during the two days after Obama was elected in 2008, the Dow plunged more than 900 points, or 10%. But during the past four years, the index has climbed almost 40%. And year to
> date, all ...
> 
> =====
> 
> The Obama honeymoon is over: Dow drops 332 - Salon.com
> 
> https://www.salon.com/2009/01/20/obama_stock_market/
> 
> Jan 20, 2009 - The Dow Jones industrial average fell 330 points, or 4 percent, closing under 8000. The honeymoon? Over -- even before the sun had set on the first day of Obama's presidency.
> Only include results for this site
> 
> =====
> 
> AfterObama Win: Dow Jones drops below 13,000 - BusinessToday
> 
> https://www.businesstoday.in/latest/world/story/wall-street-falls-after-obama-reelection-35884-2012-11-07
> 
> The Dow plunged more than 400 points on each of the next two trading days. The blue-chip average hit bottom at 6,547 in March 2009, less than two months after Obama took office.
> 
> =====
> 
> WHO was President after these dates?
> 
> Date			Drop in points		Closing price
> 
> Nov. 5, 2008		486.01 (-5.05%)		9,139.27
> Circumstance: A day after Sen. Barack Obama won presidential election, the Dow dropped.
> 
> Sept. 29, 2008 	777.68 (-6.98%)	 	10,365.45
> The financial crisis in the U.S. deepened when the House of Representatives rejected a $700 billion bailout package.
> 
> Oct. 15, 2008 	733.08 (-7.87%)		8,577.91
> The Dow Jones dropped in response to a report that retail sales have reached a 3-year low and a speech by Federal Reserve Chairman Ben Bernanke in which he says the economic recovery will be slow.
> 
> Dec. 1, 2008		679.95 (-7.7%)	 	8,149.09
> The Dow sunk amid confirmation by the National Bureau of Economic Research that the U.S has been in recession since Dec. 2007 and a report that U.S. manufacturing hit a 26-year low.
> 
> Oct. 9, 2008		678.91 (-7.33%)	 	8,579.19
> In the most active day in New York Stock Exchange history, investors sell off stocks in a panic, and the Dow closes below 9,000 for the first time in five years.
> 
> Aug. 8, 2011	 	634.76 (-5.55%)	 	10,809.85
> The Dow dropped in reaction to Standard and Poor's downgrading of the U.S. credit rating from AAA to AA-plus.
> 
> Aug. 10, 2011 	519.83 (-4.62%)	 	10719.94
> The Dow dropped still reacting to the Standard and Poor's downgrading of the U.S. credit rating from AAA to AA-plus.
> 
> Oct. 22, 2008 	514.45 (-5.69%)	 	8,519.21
> The Dow reacted to weak third-quarter earnings reports from several companies that spark further fears of a recession.
> 
> Aug. 4, 2011 		512.76 (-4.31%)	 	11,383.68
> The Dow plunged as investors remained on edge about the global economy.
> 
> Oct. 7, 2008	 	508.39 (-5.11%)	 	9,447.11
> The Dow continued its precipitous fall as the 2008 financial crisis showed no signs of letting up, despite the passage of a $700 billion bailout package by the U.S. government.
> 
> Sept. 15, 2008 	504.48 (-4.42%)	 	10,917.51
> Fear overtook the market the day after Lehman Brothers filed for bankruptcy, the largest in U.S. history. It was the worst one-day loss since the September 11, 2001, terrorist attacks.
> 
> Sept. 17, 2008 	449.36 (-4.06%)	 	10,609.66
> This decline came the day after the Federal Reserve agreed to a $85 billion package to rescue the insurance giant American International Group.
> 
> Sept. 20, 2008 	444.99 (-5.56%)	 	7552.29
> The Dow Jones continued to struggle in light of the country's recession.
> 
> Sept. 6, 2008 	443.48 (-4.85%)	 	8695.79
> The Dow Jones continued to drop in response to panic and anxiety over the recession.
> 
> March 12, 2001 	436.37 (-4.10%)	 	10,208.25
> This decline came from a faltering economy and blue-chip companies like J.P. Morgan and Pfizer as well as tech stocks posting sub-par results.
> 
> =====
> 
> And don't bother blaming any of that on Bush.
> 
> And don't bother with that excuse that Obama wasn't the President yet.
> 
> If the DOW dropped the day after his election win and/or in the days before he took office, you'd blame Trump for the drop, so don't even try.
> 
> *****
> 
> Democrat Bahney Fwank's $10 Trillion Crash
> 
> That's right, shut-in.
> 
> Fwank's Fingerprints Are All Over The Financial Fiasco
> 
> http://tinyurl.com/Fwanks-Prints-All-Over-Crash
> 
> ************************************************
> 
> Key Democrats opposed the Federal Housing Enterprise Regulatory Reform Act
> of 2005, which would have established a single, independent regulatory
> body with jurisdiction over Fannie and Freddie - a move that the
> Government Accountability Office had recommended in a 2004 report.
> 
> ************************************************
> 
> Barney Frank And Democrat Party Most Responsible For 2008 Economic
> Collapse
> 
> It's beyond asinine that Democrats blame Bush for ruining the economy, and
> praise Clinton as having the mostest wonderfulest economy ever, when it
> was a Clinton program that ruined the Bush economy.  But that's the
> mainstream media narrative for you.
> 
> ************************************************
> 
> 'THE PRIVATE SECTOR got us into this mess. The government has to get us
> out of it."
> 
> That's Barney Frank's story, and he's sticking to it. As the Massachusetts
> Democrat has explained it in recent days, the current financial crisis is
> the spawn of the free market run amok, with the political class guilty
> only of failing to rein the capitalists in.
> 
> The Wall Street meltdown was caused by "bad decisions that were made by
> people in the private sector," Frank said; the country is in dire straits
> today "thanks to a conservative philosophy that says the market knows
> best." And that philosophy goes "back to Ronald Reagan, when at his
> inauguration he said, 'Government is not the answer to our problems;
> government is the problem.' "
> 
> In fact, that isn't what Reagan said. His actual words were: "In this
> present crisis, government is not the solution to our problem; government
> is the problem." Were he president today, he would be saying much the same
> thing.
> 
> Because while the mortgage crisis convulsing Wall Street has its share of
> private-sector culprits -- many of whom have been learning lately just how
> pitiless the private sector's discipline can be -- they weren't the ones
> who "got us into this mess." Barney Frank's talking points
> notwithstanding, mortgage lenders didn't wake up one fine day deciding to
> junk long-held standards of creditworthiness in order to make ill-advised
> loans to unqualified borrowers. It would be closer to the truth to say
> they woke up to find the government twisting their arms and demanding that
> they do so - or else.
> 
> The roots of this crisis go back to the Carter administration. That was
> when government officials, egged on by left-wing activists, began accusing
> mortgage lenders of racism and "redlining" because urban blacks were being
> denied mortgages at a higher rate than suburban whites.
> 
> ************************************************
> 
> Only people can who understand how politics and the economy work know
> this.
> 
> Whose Fault was It?
> 
> By far the most dangerous myth is that deregulation is the root cause of
> the problem.
> 
> The culprit was a system geared toward loaning money to people who were
> not in a position to pay it back. Two policies underpinned that system:
> easy money by the Federal Reserve and the government-induced lowering of
> standards for approving loan requests.
> 
> In a recent paper for the Independent Institute, University of Texas
> professor Stan Liebowitz argues that "in an attempt to increase
> homeownership... virtually every branch of the government undertook an
> attack on underwriting standards starting in the early 1990s... the
> Clinton era."
> 
> Starting with the creation of the Federal Housing Administration in 1934
> and all the way to the norms that made Freddie Mac and Fannie Mae acquire
> substantial loans given to people with weak credit.
> 
> Not surprisingly, once the Fed expanded credit, astronomical amounts of
> capital poured into a housing market that people assumed was protected by
> the government. What came next was a consequence of the original sin.
> 
> Freddie Mac, Fannie Mae, H.U.D., Bahney Fwank, Bill Clinton, Andrew Cuomo.
> 
> Who is responsible for the crash?
> 
> Democrats' lobbyist-induced denial to regulate Housing, led to Wall Street
> collapse:
> 
> Barney Frank: I don't see anything in this report that raises safety
> and soundness problems.
> 
> "These two entities -- Fannie Mae and Freddie Mac -- are not facing
> any kind of financial crisis," said Representative Barney Frank of
> Massachusetts, the ranking Democrat on the Financial Services
> Committee.
> 
> "The more people exaggerate these problems, the more pressure there
> is on these companies, the less we will see in terms of affordable
> housing."
> 
> ************************************************
> 
> Anatomy of a bubble
> 
> Step 1. The intoxication: "My house is worth millions!" From 1995 -
> 2005, the number of sub-prime mortgages skyrocket. So did the house
> prices.
> 
> Step 2. The hangover: "Oh my God, my house isn't selling. What went
> wrong?"
> 
> WHY DIDN'T SOMEONE TRY TO STOP IT?
> 
> Someone did:
> 
> ********* "The Bush administration today recommended the most
> significant regulatory overhaul in the housing finance industry since
> the savings and loan crisis a decade ago." - The New York Times,
> September 11, 2003.  ***************
> 
> But someone intervened to stymie the Bush administration. Who? The
> New York Times reports:
> 
> Supporters of the companies said efforts to regulate the lenders
> tightly under those agencies might diminish their ability to finance loans
> for lower-income families. . . . "These two entities - Fannie Mae and
> Freddie Mac - are not facing any kind of financial crisis," said
> Representative Barney Frank of Massachusetts, the ranking Democrat on
> the Financial Services Committee. "The more people exaggerate these
> problems, the more pressure there is on these companies, the less we
> will see in terms of affordable housing."
> 
> "The Bush administration today recommended the most significant
> regulatory overhaul in the housing finance industry since the savings
> and loan crisis a decade ago."
> 
> "Under the plan, disclosed at a Congressional hearing today, a new
> agency would be created within the Treasury Department to assume
> supervision of Fannie Mae and Freddie Mac, the government-sponsored
> companies that are the two largest players in the mortgage lending
> industry."
> 
> http://tinyurl.com/6lp5qu
> 
> "McCain Letter Demanded 2006 Action on Fannie and Freddie"
> 
> "Sen. John McCain's 2006 demand for regulatory action on Fannie Mae
> and Freddie Mac could have prevented current financial crisis, as HUMAN
> EVENTS learned."

How's the "rebounding" going?