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agree the last thing the fed wants is to expose their irrelevance so they will try to save the system and bring the rest of us with them

If you can get the whole forum to understand this. We could start to have a real debate about are economic problems

people who use wwII to defend that it wasn't gov. spending that got us out .Have huge gaps in their critical thinking skills

let homeowners go bk, which well lower asset prices let banks go bk which will lower asset prices tight regulation on creation of bank credit assets will inline with wages untill deregulation and the next bubble of course

no where in the const. does it give the power to create money to the banks fed and banks are unconst.

solution get rid of fed treasury lends money taxes are replaced by interest Treasury gets too much money interest raised to tighten money too little reverse no taxes, no fed manipulation. oh and complete transparency, so we know who to kick out off office

[/B] you got it lenders wanted and congress gave it to them to imply that lenders were victim's of laws that were past is naive

[OTE]Quote from gnome: I don't think that's quite right. Bankers who made the loans (1) were forced to by Congress, and (2) knew they could offload ANY mortgage loan to Fannie/Freddie (Congress made that mandatory, too). Therefore, bankers not only didn't need to be concerned about...

that is the point i was trying to make. blaming a guy who has no risk on taking a loan ( no net worth) is ridiculous what does he care if he fails or not. The people that get hurt are the banks all the unnecessary risk in a lot of these cases were taking by the banks but guys with no...

if you have nothing to lose and most of these people didn't, they already were negative with all their cc and car loans then it wouldn't matter how much risk you took the result of failing would be the same

^ this

I guess bankers have no responsibility for their shareholders. or the overall expansion of credit which affects everybody

LOL at you guys who think that all people who took loans beyond their means are idoits some of these guys had no net worth (nothing to lose) no credit score or bad credit score and somebody gives them a loan with no questions asked It was risk free for them if the house market...

yes but instead of printing reserve notes lets adding to are debt, lets print u.s notes i would rather have 20% inflation then a complete collapse

#1 nelson aldrich ( introduced bill) # 2 rockifeller #3 rothschild, #4 warburg #5 woddy wilson #

So you actually a believer in their are " jobs Americans aren't willing to do" How about wages Americans. can't afford to work for rather then let supply and demand determine wages they flood the country with cheep labor, and scare you into thinking that we need these workers, otherwise...

There is a big difference between having a margin account that will be liquidated by my broker before i go in the red. Then a household with 60,000 per annual income gets a loan for a 750,000 for a house, they have no hope of staying above water Don't you agree

well i guess we aren't talking about the same thing when the government barrows from the fed, the fed creates that money so the result is the same as far as inflation is concerned. so their is know sane reason to let the fed and their stock holders profit for something we can create ourselves

but i think we both know what the intent of it was.But they twist and turn and analyze certain words and paragraphs to death until they find some logic that fits their agenda