Search results

Obama may be a socialist - or he may not be. But one thing is for sure - Bush IS. That picture of him signing the bailout bill for banks is priceless (or over $1 Trillion anyway).

This was a pretty common-sense question. BUT - as Mark Twain said - COMMON SENSE IS NOT SO COMMON.

Yes, the Fed stopped reporting M3 March 23, 2006. Not sure why. Maybe the marginal cost of calculating it and printing the number was too high after they calculated and printed the zillion other numbers...

In theory it was "With". In practice, it was "On".

Maybe from the same place we are getting billions for the Iraq War every month. Wherever that is... Whatever happened to Gingrich's "Contract On America"?

Fool me once, shame on you... .................................................. Can't get fooled again. And don't forget lawsuits make it harder for OBGYN's to practice their love...

But that would mean that financial companies were posting fake profits the past 8 years, but giving their execs real bonuses... Isn't that called "fraud"?

It worked to keep the guys in charge who were there when they were pumping the bubble with fake profits. Isn't that what the money was for?:confused:

If he drops the second half down the rabbit hole with his eyes closed again, maybe the second time will fix everything. I don't think his eyes were shut tightly enough when he clicked his heels together the first time.

http://www.google.com/hostednews/afp/article/ALeqM5gRzWUeYt40Z9rb-G6NiicmG5IBIw "WASHINGTON (AFP) — The US Treasury's new 700 billion dollar financial rescue program has serious accountability and transparency problems, a congressional watchdog said Tuesday."...

Both. One does not preclude the other.

Because SemGroup went bust. The sharks had their meal.

http://biz.yahoo.com/rb/081201/business_us_usa_economy_paulson.html He said banks, whether or not they had received some of the $150 billion of capital that Treasury has pumped into the financial system, had a duty to boost lending: "We expect banks to increase their lending as a result of...

http://news.yahoo.com/s/ap/20081201/ap_on_bi_ge/meltdown_ignored_warnings "WASHINGTON – The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed...

I don't see how a supra-national regulator fixes anything. That would be to transpose the U.S. model (where Greenspan effectively made the decisions - including the option to take a laissez-faire approach) - and thinking that failed model gets fixed by making it even bigger. As a...

Bush agrees with him. He said he and Paulson would keep the policy going.

Yes - it is apparent what works well and what has not. Yet someone like Dodd (and I think Pearlstein (sp?) of the Washington Post has been throwing out this "give up sovereignty" thing as if making the Greenspan approach bigger is somehow the answer. The logic of that escapes me. You want...

In the Rose interview with Dodd he raised the prospect of governments giving up some sovereignty for international regulation. SO...the idea is that some unelected guy is going to sit on top of everything and things happen the way they happen because he says so... Didn't we have that with...

No preconditions! You think Banks and Bankers are the auto industry or something?? You do not put conditions on the ruling class. Why do you think 1 unelected man - Greenspan - could decide the economic policy of the entire country even when other Fed governors were warning him of dire...

Seems Banks/Bankers are in an elite class by themselves - they are given money with the least conditions attached and no explicit changes demanded in their management or behavior. Contrast that with the auto industry. Also, they are being allowed to buy up other banks with the bailout...