>> If you think it’s free, try to get some of it and let us know how it turns out.
I’m curious what motivated your response.
Do you think it’s a good idea to reward stupidity in borrowing and lending by bailing out the offenders with taxpayer money?
Pushed one level higher, do you think it’s a good idea to reward short-sighted greed among financial professionals by bailing out their industry with taxpayer money and low interest rates, so they can get back to work defining and selling illiquid financial “derivatives” and we can start the whole bubble process again?
Just wondering.
That's just it, to me, that's clue to something bigger about this.
They're not doing it just to be nice to poor people, something bigger is behind that curtain.
That's just it, to me, that's clue to something bigger about this.
They're not doing it just to be nice to poor people, something bigger is behind that curtain.
What makes you say that? Do you know the details of the program, or do you imagine it's a certain way so you can act indignant?
Pushed one level higher, do you think it’s a good idea to reward short-sighted greed among financial professionals by bailing out their industry with taxpayer money and low interest rates, so they can get back to work defining and selling illiquid financial “derivatives” and we can start the whole bubble process again?
What bailout with low interest rates? The yield curve was inverted for over a year. That means rates have been too high. They should come down to be in line with market rates. And after all the business failures, the liquidity crunch, and several thousand layoffs, the industry isn't coming back anytime soon, no matter what.
This paper has no value to anyone except the liquidators at $.10 on the dollar.
The Fed is holding its breath that this does not happen en masse because it is in the hundreds of trillions and we will be back in caves.
BUMP