sheople

Real Cause of This Financial Crisis? Global Hunger for Savings Instruments

What you say is true, but didn't the moving of manufacturing out (with government help) and the exporting of cheap labor (with government help) precipitate the whole mess?


On Oct 22 07:34 AM a fat panda wrote:

> Great. We have an article about how many how many explanations there
> are, and we get 3 more.
>
> Guys, It is consumer debt that caused the problems. Consumer debt
> enable people to pull demand forward creating the revenues that made
> the whole thing look reasonable. The low interest rates let people
> consume hamburgers today for 2 on Friday. Only it wasn't hamburgers.
> It was cars, and houses, and TVs.
>
> That is layer one. In the next layer, the TV manufacturers became
> 'rich' selling future demand today. The workers wanted more pay so
> we set pensions at 8.5% discount rates so that we wouldn't have to
> fund them. At one point, America had something like 9% of the population
> was millionaires, all selling tomorrows demand today.
>
> It wasn't just housing that had a bubble. American expectations were
> in the greatest bubble in history.

Bail Out for Dummies - Part I

We'll all be all right, as long as we learn to walk bent over.

Five Missing Pieces to the Stimulus Plan

I should have commented about my not being a police officer. Maybe if I was then I could arrest some feds, Wall Street Bankers, and maybe even a Treasury Secretary (or two).

Five Missing Pieces to the Stimulus Plan

Stimulus package. I used to give CPR to people that needed it. Sometimes we did it on dead people.

How Are Banks Spending Bailout Money? Anyone's Guess

The whole point is not "dollar for dollar". The point is "Where is this money going?" Is it being squirreled away? Is it going for bonuses for executives? Is it being used for a takeover for another bank? The public has a right to know how their tax dollars are being used. Lame excuses like "we’re not providing dollar-in, dollar-out tracking." are evasive and entirely inappropriate. There needs to be some oversight and accountability. It is clear that there is none. That leaves the way clear for corruption. If there is no accountability, the taxpayers money is wasted.


On Jan 06 11:52 AM The Curious Investor wrote:

> I have to agree with some of the other comments here. Dollar for
> dollar accounting is not the best way to keep track of the effectiveness
> of the money borrowed under the TARP. The money wasn't just given
> out to be spent. It is used to establish liquidity for the banks
> to propagate the functioning of our capital markets. I think the
> fact that we see 3-month LIBOR falling from 4.6% to 1.4% over the
> last few months is a very good sign that the TARP money is being
> put to use in a constructive manner. The real key is whether or not
> the banks, now that they have a capital cushion, are building stronger,
> less risky operations.

How Are Banks Spending Bailout Money? Anyone's Guess

Surely your remarks are meant to be a joke.


On Jan 06 10:50 AM bungaloo wrote:

> I am sorry but do you really think any of the banks can provide dollar
> tracking for this? It goes to one big pot. They could not tell where
> the $10,000 they lend someone for a car came from. Can you tell whether
> the $4 you paid for your Starbucks this morning came from this weeks
> pay, last weeks pay, your wife's pay or the dividend you received
> last week? One of the first things we learn about banking is that
> the $5 bill grandma gave us that she wrote Happy Birthday on is not
> the same bill we will get back once we deposit it into a bank. Why
> should the TARp money be any different?

Year-End Buyouts: Big Challenges for the Big Banks

There is way too much imbreeding between the "banks to big to fail" and the feds and treasury. It's hard to keep track of who is sleeping with who. It is easy to figure out who is getting screwed, though.

What Do We Need In 2009? More Failure

The history of capitalism............... Get real. What we have now is not capitalism. We have the mafia like federal reserve in cahoots with their still standing cronies (surviving Wall Street financial institutions) controlling all markets. This is capitalism?

Options Trader: Outlook for Turnaround Tuesday

The powers that be sent our manufacturing offshore. The powers that be encouraged inflation/speculation. The powers that be are flooding the financials with liquidity and directly injecting into the stock market, trying to entice investors . Our economy has been ruined by the powers that be. No amount of liquidity can change that. Too bad, but dream on.