it still has to clear the Senate, Prez, and Congress as a whole potentially...
tough row to hoe. more inflation won't improve our standard of living without pay raises which aren't probably going to happen.
look out for back doors. The comment regarding the FDIC...i saw somewhere how the FDIC was terribly under capitalized, and less than 1/10th or so (if i'm remembering correctly) of current deposits under 100k were even really insurable.
The Fed could give the FDIC cash and then the FDIC pass it to companies without a bill or a vote....The Fed has given money directly to Mexico without a Congressional vote...
I'm hesitant to believe that something good could actually come out of this "democracy" (really republic) at the federal level... If the bill is defeated...stay vigilant for backdoor attempts to disperse that money...
No, the Financial Crisis Is Not Over [View article]
Oil will fluctuate, maybe it dips below 100 in the short-term. Ultimately, its non-renewable, 'civilization' has about 40yrs left of oil in the ground. If we don't develop algal fuels or some hydrocarbon substitute, practically everything falls apart. I highly doubt it will get that bad...since we are holding a solution with the algae.
On financials, on hope they keep dropping cause my shorts are around my ankles after this fucking rally.
What is Hank Paulson Thinking? [View article]
tough row to hoe. more inflation won't improve our standard of living without pay raises which aren't probably going to happen.
look out for back doors. The comment regarding the FDIC...i saw somewhere how the FDIC was terribly under capitalized, and less than 1/10th or so (if i'm remembering correctly) of current deposits under 100k were even really insurable.
The Fed could give the FDIC cash and then the FDIC pass it to companies without a bill or a vote....The Fed has given money directly to Mexico without a Congressional vote...
I'm hesitant to believe that something good could actually come out of this "democracy" (really republic) at the federal level... If the bill is defeated...stay vigilant for backdoor attempts to disperse that money...
I hope i'm wrong
Is the U.S. Banking System Safe? [View article]
2 Schools of Thought on Buying Bank Stocks [View article]
No, the Financial Crisis Is Not Over [View article]
On financials, on hope they keep dropping cause my shorts are around my ankles after this fucking rally.
More Liquidity from the Fed: Welcome to the Roach Motel [View article]