The Blog Really

The Really: Is it really okay to sell bad loans and then buy them at a discount to profit from them again? In a bid to capture the top ranking of #1 Really?!? Moment of the Year, Countrywide Executives that were a part of the firm when they sold loans to people who couldn’t afford [...]

Filed under: Countrywide Financial, Countrywide Home Loans, Debt, economic collapse, economy, stock market, US Government by admin
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The Really: Will Mark Cuban handle jail as well as Martha did? The SEC has filed insider trading charges against eternally smug and frequently shouty basketball owner and dot-com-bust avoider Mark Cuban. Funny enough, one of Mark’s ventures is a site which tracks market trading frauds: CNBC reports that Cuban sold the 600,000 shares of [...]

Filed under: jail, mark cuban, sec, stock market by admin
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The Really: Maybe it is too late to ask the question but, “What do the letters DHL stand for? No bailout for delivery companies, but since nobody is buying anything, there is no reason to ship stuff and because companies are doing less shipping documents around, they moved to REALLY learning how to use pdfs [...]

Filed under: company news, dhl, homelessness, recession, stock market, unemployment by admin
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The Really: Time is running out. The Wednesday news roundup is all about ticking and tickers. Dick Cheney has to go to the hospital to shock his bad ticker back into rhythm (of course the age and health of high officials in government will become an ISSUE); the stock ticker is showing triple digit loses [...]

Filed under: Debates, Election 2008, heart attack, smiley face, stock market, vice-president by admin
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The Really: Is this REALLY the Great Depression Revisited? Perhaps the one truly perplexing thing about the current economy is how much the experts really don’t know about the current financial meltdown. There is a surprising dearth of perspective about what this will mean for the average person. I did run across an interesting survey [...]

Filed under: bread lines, economics, jobs, stock market, The Great Depression by admin
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The Really: Dow had a shot at setting a new record for point drop in one day. Old record is -777.68 At one point today the Dow was -800 points. Update: Market rallies to -434 points at 12:30pm PT. Record no longer in sight. Update 2: Dow at -384 points. Chance for a record seems [...]

Filed under: depression, dow jones, stock market by admin
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The Really: The market will stabilize without a bailout? Dow Jones up 359 points as of 2:20 ET with expectation that Congress will act. Bloomberg for latest tickers. Dow Close at +485.21

Filed under: dow jones, economy, financial crisis, stock market by admin
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