Fed Pledges Top $7.4 Trillion to Ease Frozen Credit

[dmcowen674]

Originally posted by: Evan
How cute, my own e-stalker still has a hard-on for me. :laugh:

Welcome to the Club

 

[Dufusyte]

Originally posted by: LegendKiller

Originally posted by: Dufusyte

Originally posted by: LegendKiller

Originally posted by: Dufusyte
The cost of doing nothing is bad businesses fail. Those who entrusted their money to bad businesses lose. And everyone learns a lesson and gets wiser.

The cost of intervening is: bad businesses stay afloat, people learn that folly is rewarded by bailout, and we continue being irresponsible (plus our children are doomed to pay for it all).

What about the good businesses that cannot expand, or ones that have derivative effects from the "bad" business, resulting in a slowdown of the "good" business.

It will teach *everyone* the importance of sound business. The more people get burned, the more everyone will demand a culture of sound business (for next time).

Now is a learning moment, and we need to learn. Learn - so as to not repeat the mistake.

Crashes happen every ~70 years, because the generation that learns from a crash, demands sound business for the rest of their lifetimes. When that generation dies off, then the next generation falls for the lure of unsound business, and another crash is in order.

The "tough love" idea. Great, so now you want to be responsible for it?

Tough love is upon us, whether we like it or not. The only question is whether it will be swift and terrible, or slow and unrelenting. There is no stopping the crash, we can only make it take longer.

 

[dainthomas]

?Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting,? Bernanke said Nov. 18 to the House Financial Services Committee. ?We think that?s counterproductive.?

Wow. What?

 

[LegendKiller]

Originally posted by: Dufusyte

The "tough love" idea. Great, so now you want to be responsible for it?

Tough love is upon us, whether we like it or not. The only question is whether it will be swift and terrible, or slow and unrelenting. There is no stopping the crash, we can only make it take longer.
[/quote]

Nobody is trying to completely stop a downturn, just trying to mitigate it's effects.

 

[BoberFett]

Originally posted by: dainthomas

?Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting,? Bernanke said Nov. 18 to the House Financial Services Committee. ?We think that?s counterproductive.?

Wow. What?

You don't understand. We need secrecy to keep confidence up.

 

[LegendKiller]

Originally posted by: dainthomas

?Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting,? Bernanke said Nov. 18 to the House Financial Services Committee. ?We think that?s counterproductive.?

Wow. What?

Here's what we'll do. From now on the banks will be able to bug your house to listen in on your daily cashflow activities. When they get the slightest hint of cashflow problems they'll be able to call your mortgage and take your house at any time. They'll interview your neighbors, who, if they think you have financial problems, will be able to tell the bank to pull your financing. No actual reasons for calling it, no delinquency, just rumor and/or hypothetical financial planning discussions.

Sound fair?

 

[BoberFett]

Originally posted by: LegendKiller

Originally posted by: dainthomas

?Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting,? Bernanke said Nov. 18 to the House Financial Services Committee. ?We think that?s counterproductive.?

Wow. What?

Here's what we'll do. From now on the banks will be able to bug your house to listen in on your daily cashflow activities. When they get the slightest hint of cashflow problems they'll be able to call your mortgage and take your house at any time. They'll interview your neighbors, who, if they think you have financial problems, will be able to tell the bank to pull your financing. No actual reasons for calling it, no delinquency, just rumor and/or hypothetical financial planning discussions.

Sound fair?

Banks are already starting to go this direction. If you shop at the same stores that people with bad credit shop at banks will raise your interest rates.

Sound fair?

PS The difference should be clear here. The US taxpayer is now part owner of these corporations. As an owner, don't you think we should have some insight into our company? For somebody who's supposed to be smart, you're not very bright.

 

[LegendKiller]

Originally posted by: BoberFett

Originally posted by: LegendKiller

Originally posted by: dainthomas

?Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting,? Bernanke said Nov. 18 to the House Financial Services Committee. ?We think that?s counterproductive.?

Wow. What?

Here's what we'll do. From now on the banks will be able to bug your house to listen in on your daily cashflow activities. When they get the slightest hint of cashflow problems they'll be able to call your mortgage and take your house at any time. They'll interview your neighbors, who, if they think you have financial problems, will be able to tell the bank to pull your financing. No actual reasons for calling it, no delinquency, just rumor and/or hypothetical financial planning discussions.

Sound fair?

Banks are already starting to go this direction. If you shop at the same stores that people with bad credit shop at banks will raise your interest rates.

Sound fair?

PS The difference should be clear here. The US taxpayer is now part owner of these corporations. As an owner, don't you think we should have some insight into our company? For somebody who's supposed to be smart, you're not very bright.

I'd love see evidence of them changing the portfolio based upon those metrics.

The US Taxpayer were, largely, already owners through stocks. They shouldn't get any more, or any less, transparency than any other shareholder. Especially given the delicate nature of the banking system.

For somebody who is supposedly so insightful and well-balanced in the viewpoints (lol) you sure don't think beyond your narrow viewpoint.

The last thing we need right now is to create more liquidity problems.