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To: TigerLikesRooster

Ain’t gonna work.

The problem is not liquidity. It’s debt saturation. The Fed is now planning on practically giving money to the banks on the condition that they loan it out.

To whom?

My bet is that a large percentage of folks who wanted to upgrade real-estate wise did so during the boom.
And I would also wager that many people who are prone to use credit card type instruments are pretty close to being maxxed out there.

With uncertainty in the energy markets, why take a risk on a large outlay like a new vehicle? A decent used rig can be had almost anywhere in America for a song.

So who they gonna lend it to? For what?

Has somebody discovered a new type of flower somewhere?


10 posted on 10/20/2008 4:21:45 AM PDT by djf (No milk on the shelves = blood in the streets. So what do we do? Send more money to the bankers!)
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To: djf

>The Fed is now planning on practically giving money to the banks on the condition that they loan it out.<

I have never been one who would borrow a single dime if I wasn’t positive that it was within my abilities to pay it and the interest back within the terms of the contract.

With the national economy in such desperate condition I wouldn’t borrow a dime because I wouldn’t feel secure in my employment. (I am retired now.) Seeing major stores closing across the nation, businesses collapsing left and right isn’t what I would consider as stable times.

I guess it has a lot to do with having a bankruptcy isn’t something I would want in my biography. I would feel ashamed of myself if I did.


12 posted on 10/20/2008 7:55:29 AM PDT by B4Ranch (I'd rather have a VP that can gut a Moose, than a President that wants to gut our Second Amendment!)
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