The Demands For Another Fed Bailout Have Begun

Zero Hedge ^ | 8/22/15

[Wilderness Conservative]

Back in August 2007, just as the quant funds had their first taste of what the upcoming collapse would look like and when the Fed for the first time realized that the subprime woes were "not contained" despite what Ben Bernanke had promised previously to Congress, financial comedy TV's best known mascot, Jim Cramer had a meltdown on CNBC following Bear Stearns' CFO admission that the fixed-income market turmoil was the worst in 22 years, ranting how the Fed "knows nothing" and how it should promptly bail out the financial system.

Fast forward 8 years when we just witnessed the biggest weekly market rout in 4 years and largest VIX surge in history, and when - like clockwork - the financial "experts" come crawling out demanding, you guessed it, another Fed bailout.

Here is Suze Orman, self-described as "America's Most Trusted Personal Finance Expert" who, hilariously enough, in a Twitter conversation with none other than financial comedy's prime mascot made it quite clear how she feels about the market rout:

[Wilderness Conservative]

Time for Suze to loosen the strapon. Her worthless pit pal Jim Cramer may be having trouble breathing.

[TomGuy]

The Demands For Another Fed Bailout Have Begun

Of course, they have. It is nearing the end of an administration, so the cronies will try to get as much as they can while they can.

If there is a party change in the WH for 2017, the current cronies might not be in line to get as much under a new administration, as it will likely have its own cronies to pay off.

Notice how those bail-outs aid the cronies, but very little trickles down into the economy of the average citizen.

Recall how Obama cried for bail-out money for infrastructure in 2008 and 2009 and again last year. How much of those $$$ actually went toward infrastructure?

[grumpygresh]

Can’t lower interest rates, so money printing is all that’s left. A bunch of wealth will be destroyed, so the central banks will replace it and then buy up markets at fire sale prices. That’s one way for the government and the multinational banks and corporations to own everything.

[LMAO]

I watch the financial gurus on CNBC and listen to their advice.

I then do the opposite

[nascarnation]

Who are those gurus?

[R_Kangel]

.... Even Alan Greenspan and the choir of economists are touting the advent of the those much touted Obama Quantitative Easings as absolute abysmal failures ..... so obviously the most constructive thing that Obama and his sycophants can think of doing right now is to keep on cranking them out right? .....

....... HECK NO ..... you idiots! ..... Time for Plan B .... let some adults handle this for crying out loud! ..... Go back to Karl Marksville and let some logic and common sense take over ..... SHEEEEESH.

[az_gila]

The “shovel-ready” road widening near us in N. Tucson is ready to start next month... it was part of the last bail out...

[yefragetuwrabrumuy]

One of the first things to be done to prevent damage to the US economy: you know those “businesses too big to fail?” This also means that they are “businesses too big to continue in their current form.”

Just forbidding government supports to protect the economy is not enough. That by their actions, or just by their very size, they are intolerable. So a methodical effort must be made to divide them, and if necessary to divide them again, until they no longer represent a threat.

[pierrem15]

Yep-- we have banks too big to fail because there are too few of them. Same with the airlines, internet providers and cable companies, etc.

A lot of industries need severe anti-trust, anti-competitive law enforcement.

[MOgirl]

none and nada

[hosepipe]

The Crony Capitists that RUN the FED.. are for hopeing for Donald TRUMP....

Ted Cruz would be the end of the party... time to leave dodge and convert all liquid assets to Euros.. or invest in CHINA.. which is having it’s own problems..

[Bob434]

[[The Demands For Another Fed Bailout Have Begun]]

Sure it is- they want a slice of the pie while the santa claus is still in office- They want to get in on the action whereby money is taken away from hard working citizens and given to delinquent irresponsible businesses-

You’re going to see a lot of this in the coming months as people scramble to cash in while the money fairy is still in office

[o2bfree]

Booosh is who they want.

The Bush New World Order is coming apart at the seams.

[wiggen]

We rarely have the volume on at work and Never when Cramer is on. We leave CNBC on mostly because its expected to be on when accounts come through. (I’m in the market).
Cramer is a buffoon and a very good reason CNBC is losing ratings although generally when markets dive they pick up viewers.

[hosepipe]

The Bush New World Order is coming apart at the seams.

---

The Shrub is a WeeD...

[Gen-X-Dad]

I have never met someone addicted who has walked away without hitting the absolute bottom. The financial class (Cramer and friends) is heavily addicted to Uncle Sugar (aka the FED) making them filthy rich by socializing their losses while privatizing their profits. With a little bit of effort, it is easy to discern that every financial bubble in the history of man comes crashing down and leaves a pile of rubble. The only difference this time is they have extended the bubble by being able to rapidly inject trillions of dollars of debt/wealth into the system to keep it going. That has worked for 7 years, but the clock is ticking and this is not sustainable.

When it does finally go belly up, these guys can all look at each other and realize that they were the first bunch of idiots that wiped everyone on the planet out at the same time. Until then, they can keep promoting the illusion of prosperity and begging for more of the good stuff like the addicts they have become.

[Pelham]

+1

[5th MEB]

The worst part of it is these sh*t-stains will be just as hungry as everybody else; that’s what happens when your currency is worth nothing, it’s not even soft enough for toilet paper.
I’ll just stay up here on my farm, thank you very much.

[5th MEB]

PS: don’t tell me gold and silver, you can’t eat gold and silver.

[fella]

"Not Your's To Give"

A little long (short attention span people won't get it).