Evans says Fed needs to mimic below-zero rates (president of the Chicago Fed)

Reuters on Yahoo ^ | 1/3/09 | Ros Krasny

[Brilliant]

You don’t need to lower interest rates to increase liquidity. What they need to do is buy some nonliquid assets—CMBS, real estate, or even cars.

[Proud_USA_Republican]

By all means, lets start another housing ponzi scheme based on bad loans and teaser interest rates. What’s the worst that could happen?

[Tarpon]

Why work when the pies are free ... And now, just when you thought you have heard the dumbest bailout idea ever, we now give you free money. Quick, someone tell me what you are supposed to do with free money, other than spend it on Chinese products?

Notice how none of these Democrats ever mention freedom, liberty or the free market. I wonder why.

[Tarpon]

Or set it up like before the Resolution Trust S&L disaster, make owning rental property profitable, tax deductable, and watch the foreclosed houses fly off the shelves.

Yes, the S&L crisis was caused by the very same Democrat actors, trying to do the very same thing, allow people who did not have the means buy houses.

[PAR35]

The hyperinflation solution.

[rbg81]

Of course it possible. Just PAY people to take at zero interest loans. After all, its only FOREIGN money anyway. Where do I sign up?

[Psycho_Bunny]

These idiots really are throwing dead cats at the moon. They haven’t the slightest idea what they’re doing.

[Graybeard58]

Yes, the S&L crisis was caused by the very same Democrat actors

Let's name names, I'll start, Chris Dodd, Barney Frank.....

[VRWC For Truth]

[VRWC For Truth]

Politicians used to have honor and either resign or commit suicide. Now they are just petty theives.

[seowulf]

I’ve heard there is an excess of one millions houses in the market.

What we need to do is burn them all down, then that will create a new market for houses. Hey, it works for agriculture doesn’t it? /s

Bastiat must be having a good laugh.

[Redbob]

"And now, just when you thought you have heard the dumbest bailout idea ever, we now give you free money."

AND pay you to take it!

THAT's what "below zero interest rates" means:
PAYING people to take free money!

[NormsRevenge]

Special Agro-Cheque 50 Billion.. ?

That’s chump change for Congre$$ ;-)

[Tarpon]

Jimmy Carter ...

[Redbob]

"Politicians used to have honor and either resign or commit suicide. Now they are just petty theives."

These, my friend, are not "petty" thieves, but thieves on a grand scale!
And this is called "grand larceny."

[Redbob]

"’ve heard there is an excess of one millions houses in the market. What we need to do is burn them all down,..."

This was in effect the argument made in an editorial in the Wall Street Journal a couple months ago.

That the gvernment should buy the houses, then burn them down.
Seriously.

[Malesherbes]

All well and good, but if the general population does not recover confidence a flood of money will have no effect if it does not move. Suddenly we have a savings rate of 2 % - up from zero - because people are worried. (There is even a growing market for piggy banks.)

What we seem to be facing is a crossroads leading either to stag-inflation or stag-deflation, and either way the stag part does not inspire confidence.

[VRWC For Truth]

The larceny is grand but the thieves are petty. The Mob would be embarrassed by these clowns.