Posted on 09/19/2008 5:52:08 PM PDT by politicket
Patently insane. Liberalism is indeed a dangerous mental disorder. The idiot liberals are playing with fire. Socialism or no, whether or not it works, RTC II® is trying to stop the panic in the markets that will lead to a crash and GD II, the Sequel™. In their infinite idiocy, the LibComDems are doing their best to insure RTC II® doesn’t work. My god, they just don’t get it and they never will!
But the ponzi part is not inconsequential. And that is MY point. The announcement should not be used to put the masses of sheeple back to sleep, but that is the effect. Like a light switch, the masses have gone from “on” (panic) to “off” (all is well). MY point is the announcement should be taken as a dimmer switch. There is plenty of uncertainty and danger in the markets and fear is warranted, just not irrational panic.
Don’t get me wrong. My hope for RTC II is wishful in nature, not expectant. You have concluded that RTC II won’t work, or even be in place by the time it is needed to stop the crisis of confidence. I am still in the middle left wondering if it will work or no. I am not optimistic or pessimistic. I am undecided. I do however, fully appreciate your viewpoint and lean in your direction. But I am still undecided. I still believe there is a chance RTC II could work.
It would be long overdue.
That will solve all these financial problems ...
... and terrorism will disappear.
Now, if we could only get over our reverence for property rights, this would be politically possible.
God help us all.
but don't worry...I'm sure the FED will bail out any small investor loses like they do the big banks that caused the problem... (sarc/off)
No....His last legitimate comments were 40some yrs ago
http://www.321gold.com/fed/greenspan/1966.html
U dont understand much about efficient markets do u?
Yup!...another “HOPE” salesman!
(I bet u hope u tit the lottery too...huh?)
would u mind telling us all what your invested in now???...what u bought yesterday?
Well, the Fed, Treasury, and the Congress are working overtime to make sure it stays that way - the game falls apart if the rubes figure out what's going on. All this cash flying around is to preserve the illusion of normalcy, and it's working pretty well - notice how many FReepers (who ought to know better) are popping up with anecdotal evidence about how well the restaurant at the local mall is doing, therefore the economy is fine and this talk is all a Soros/Obama plot to steal the election.
Ultimately, the dollar is backed by the full faith and credit of the United States Marine Corps. Overwhelming military superiority is the final trump card - buy into the US economy or bad things just might happen to you.
If we ever do grab the Saudi oil fields, it will mark the end of the republic and the formal beginning of the empire.
Give me a piece of your genius then.
Derivatives is a four-letter-word. The dot com crash was also littered with them.
The role of regulation by the government in capitalism is to keep greed under control so that enlightened self interest can drive the market. Derivatives have nothing behind them an are uncontrolled greed. They should be regulated out.
Just my humble opinion.
How are they piling up on one side?
If the stock is going for 40 and you want to pay 30 you put in an order to buy for 30.
Pretty simple.
But the whole concept defies logic.
You are borrowing an asset to sell it on the market. The only place in the world you can do that is the stock market.
What other asset do you sell but hope to buy it back later at a lower price?
Just because you can make a market out of something doesn’t make it practical or as someone else put it.. efficent.
Folks need to get used to the fact that Bush's model hireling was not Roberts or Alito, done in the light of day with the world watching, but Harriet Miers, an inside good ol gal. As near as I can tell every appointee, major or minor fits this mold. Possible exception is Robert Gates, who was a Bush 1 man and not a Bush 2 man.
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