Posted on 09/20/2008 10:17:51 AM PDT by Fox_Mulder77
Oh, and we didn’t survive? The fact is the Great Depression would have been shorter than it was, if the Government didn’t get involved.
Can’t we learn from history?
Quote “Torches and pitchforks.”
Yes, I keep hearing this on the forum. Just what are you going to do? I would guess nothing. People will sit back and take this, as always.
VERY few people will do anything at all. I predict the blank check will go forward and freepers/others will do nothing.
Just my prediction...
I have yet to see any protests in the streets. Americans don’t know how to fight. Prove me wrong.
This was drafted by the Treasury Dept. not the Dems
The market reaction is a huge sign that this would be a massive giveaway to the very companies that got us into this mess. It's fine for US assets, it's a ball-buster for the taxpayer.
Total BS
I’ve heard several pundits say that the Fed made money on the original RTC. I would be $50,000 that this is not true. Forget the time value of money. There is no way they made money.
Total BS again.
Really? Not that I doubt you,but where is that info in the article? It would make better sense that it was the Treasury that wrote it. After all, didn’t the dems run out of town as fast as they could yesterday.....LOL!!
Thanks for the info.
Frankly, I'm going to go with Bernanke on how the Depression started or was exacerbated. It was his life's work before becoming the Fed Charmian.
“The structure is not much different from RTC “
Did that confer immunity as this does?
What about preventing new “toxic derivatives?”
What percent of equities are these mortgage securities?
The FED made money. WE the taxpayer lost 123 Billion dollars.
Heaven forbid we should read, and study, and “think” for ourselves.
What has he done lately to earn all this trust? Hmm?
I've seen no evidence that this has occurred. All I see here is knee-jerk ideology.
“Did that confer immunity as this does?”
I dont know what that question means.
” What about preventing new “toxic derivatives?” “
The thing that made the derivatives ‘toxic’ was a lack of a market. It got illiquid. Wider credit spreads and regulation on how these are valued in equity/collateral valuations should discourage over-leverage in the future. It’s a great question though: It’s one thing to clean up this mess, but more important to prevent the next one.
“What percent of equities are these mortgage securities?”
Mortgage securities and equities are 2 separate asset classes.
“The Dems just got it this morning, and are already adding the pork to it as we speak.... this thing already stinks, but over the next few days the Dems are going to stuff it with rotting putrid pork!!! “
WE NEED TO BE VIGILANT ON THIS!!!
THEY ADDED A $1 ACORN PAYOFF TO THE EARLIER HOUSING BILL.
>>I’ve seen no evidence that this has occurred<<
Speak for yourself. There are still Americans that still possess the thought process.
I think your characterization is completely off-base and wrong.
Please give specifics of who and what is being done that makes this “African style crony capitalism” (which IMHO is a misnomer anyway since those crony-states are all socialist, led by socialists like Mugabe).
It would be better to talk about specifics of what is good or bad than go around with renting of garments and over-heated rhetoric.
“The market reaction is a huge sign that this would be a massive giveaway to the very companies that got us into this mess. It’s fine for US assets, it’s a ball-buster for the taxpayer.”
I agree on the latter, but on the former, not necessarily. Even a liquidity injection and market ‘clearing’ operation would be a big boost to financials, even if it doesnt cost a lot.
Also what boosted the market was the rule to stop the short-sellers. neat trick that. The uptick rule needs to come back and we need to enforce nake short selling regs.
Change America needs: Dump the Pelosi Democrat Congress!!!
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