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Anonymous targets...The FED? (pg. 2)
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| GoSpeedGo! |
I don't need to be an expert to realize you don't fight the crisis with pumping more credit into the system that is actually choking on it, or by trying to restore confidence in markets while leaving the foundations in increasingly worse shape.
Not to mention that most economic "experts" are notoriously flat out wrong in their predictions/assesment of the situation. Just like Ben "The Expert on the Great Depression" Bernanke who in 2007 thought that the US economy is in great shape and that nothing bad could possibly happen.
You really need to stop being so obssesed with "authorities". |
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| Moongoose |
| quote: | Originally posted by pkcRAISTLIN
yeah, i bet you're a real expert :stongue: |
Graduated with honours from the "Every country is an island and collaps of one of the worlds biggest economic powers has no effect on the rest of the world whatsoever" school of economics.
To them "The Great Depression" is the name of that one really annoying (or good, im not judging) emo rock group. |
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| Igaryok |
| quote: | Originally posted by Moongoose
Also, im willing to bet that a large percentage of people that bitch about the government being in debt have at least a few credit cards themselves. |
The majority of people that try to start some sort of a debate regarding the bank bailouts and government overspending here are just repeating what they heard from somebody else. They are the very definition of sheep. In addition to the credit cards I'm willing to bet that a good chunk of those people also get some sort of government handout.
There is absolutely 0 taught that goes into their debates, these are the same people that think unions are a good idea and will somehow save the country, even though unions are largely responsible for the recession in the first place and failure of companies like GM and Chrysler and are slowly bringing the local governments to their knees. |
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| Blake |
| quote: | Originally posted by pkcRAISTLIN
yeah, let's punish ben for saving the world economy. |
^^ Hey look! It's someone who still actually believes in the sugar frosted bull they feed us. |
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| Nrg2Nfinit |
| quote: | Originally posted by GoSpeedGo!
Great. That doesn't make your ridiculous statement any less ridiculous. |
hold on a second.
you're telling him what the when you are a strong proponent of homeopathy?
seriously get the out of here. |
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| Nrg2Nfinit |
| quote: | Originally posted by Blake
^^ Hey look! It's someone who still actually believes in the sugar frosted bull they feed us. |
hey look, someone who has no idea how economics works. |
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| Nrg2Nfinit |
| quote: | Originally posted by Igaryok
The majority of people that try to start some sort of a debate regarding the bank bailouts and government overspending here are just repeating what they heard from somebody else. They are the very definition of sheep. In addition to the credit cards I'm willing to bet that a good chunk of those people also get some sort of government handout.
There is absolutely 0 taught that goes into their debates, these are the same people that think unions are a good idea and will somehow save the country, even though unions are largely responsible for the recession in the first place and failure of companies like GM and Chrysler and are slowly bringing the local governments to their knees. |
i agree with chernobyl over here |
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| Zharen |
| quote: | Originally posted by Igaryok
There is absolutely 0 taught that goes into their debates, these are the same people that think unions are a good idea and will somehow save the country, even though unions are largely responsible for the recession in the first place and failure of companies like GM and Chrysler and are slowly bringing the local governments to their knees. |
Yes, the unions killed America. I forgot they created subprime mortgages and bundled securities to be sold to investors around the world, later becoming toxic assets.
Oh wait... |
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| Zharen |
| quote: | Originally posted by Moongoose
Also, im willing to bet that a large percentage of people that bitch about the government being in debt have at least a few credit cards themselves. |
I never owned a credit card. Guess that means I can still bitch right? :toothless |
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| Zharen |
| quote: | | Despite the government's positive investments made through the TARP program for banks, taxpayers could still face a loss on the program. |
Well, that's reassuring. |
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| pkcRAISTLIN |
| quote: | Originally posted by GoSpeedGo!
I don't need to be an expert to realize you don't fight the crisis with pumping more credit into the system that is actually choking on it, or by trying to restore confidence in markets while leaving the foundations in increasingly worse shape.
Not to mention that most economic "experts" are notoriously flat out wrong in their predictions/assesment of the situation. Just like Ben "The Expert on the Great Depression" Bernanke who in 2007 thought that the US economy is in great shape and that nothing bad could possibly happen.
You really need to stop being so obssesed with "authorities". |
So, the answer to a liquidity crisis wasn’t to provide liquidity? I wish you’d been in charge! :haha:
| quote: | Originally posted by Blake
^^ Hey look! It's someone who still actually believes in the sugar frosted bull they feed us. |
Perhaps you’d like to give us a run down of the GFC, its causes, resolutions and how the US was able to stave off disaster? I’d really like to learn something from you and your unique perspective that’s outside the cone of sugar frosted bull. |
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| pkcRAISTLIN |
| quote: | Originally posted by Zharen
Well, that's reassuring. |
What exactly did you expect? Quite frankly I’m surprised the turnaround has been as positive as it has (insofar as we’re talking TARP funds). When you choose to bail out a company (or a whole bunch of companies) I think you’d be extremely optimistic to get 100% of that money back. Still, the fact that its worked out cheaper than expected (or legislated for) is a positive note imo. |
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