Posted on 10/20/2008 8:35:10 PM PDT by Alter Kaker
LOL
After watching today's hearing, I think they've gotten over that.
That should kill his popularity! Great move on Bernanke’s part!
good point.
I remember my old man “investing” in commercial paper back in the late seventies. Back in the days of Carter and 21% interest rates or whatever it was (I was just a kid).
Your old man should have bought non callable 30 year treasuries at 18% instead of short term notes. You would have a trust fund today.
ANYWAY - I suppose he put what money he did get into the commercial paper at 21% and then paid back in a month the bank (heck - maybe the same bank) his loan at 18% or whatever.
I remember going up to the bank with him straight from the site where I would sort lumber, dig ditches, etc. Me really dirty, him sort of. We got lead right up to the president's office and they chatted for awhile. I do remember my Dad saying something like - “And don't worry - the payment will be here by the end of the month”. The president said “Oh - I'm not worried. Knowing you, you're doing enough worrying for the both of us!”
Sorry for the reminisces. I miss my old man at times like these.
OK, I am ready to take to my bed in grief.
Remember, I am old enough to have studied “Civics” in the olden times. Doesn’t seem to be much of that around any more. Kids nowadays get “Social Studies”!
Even then, this just doesn’t compute!
Is it April 1st already?
LOL. THIS HURTS OBAMA!
Yes, vote mccain/palin !!!!
I don’t think so. But maybe it is. Tonight, hubby and I both said we would rather have Bill Clinton as president again rather than Obama.
Gotta be a record.
“Compassionate conservatism” turned out to be all compassion, no conservatism.
Bernake is a cheap money guy. He’d rather have an inflation rate of 500% vs going through some short term, but necessary, pain. I thought this idiotic question was decided in the early 80’s when the wise choice to tough out a recession was made..
I found this interesting if controversial article on Market Watch.
my very limited knowledge of the markets being such, I can only guess, but wouldn’t the simultaneous selling off by large union pension funds tank the stock market ?.....if they all agreed to do it at the same time with the expectation that they would all jump back in a set time, seems it would be the perfect socialist move..
yes, we have a couple more good judges, we hope...
I think we needed to try to stop the islamists in the middle east...granted....
but they've sold us down the river...our money might be meaningless....our 401's meaningless....we have more national debt and more deficit...
yes, the govt workers will get theirs.....but the rest of us.....our life savings might be up for the taking....
I wish there was a way to get my 401 money out now without penalty.....
Bernake looked nervous when he gave that new stimulus endorsement. He was looking down the whole time. My impression is that he knows some things he is not proud of.
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