Quote from Aaron Copland:
Now this is what happens when you borrow to much money Landis. Debt is not good, debt is badddddddd.
Work hard stay out of debt save and invest wisely! You will prosper beyond your wildest dreams.
Quote from Landis82:
It's called LEVERAGE.
Investment Funds like Carlyle Capital were leveraged 33:1 invested in Triple AAA mortgage-backed securities backed by Freddie Mac and Fannie Mae. It's not debt as you understand it in your oh-so-simplistic view of economics and how the financial markets work.
It's no different than purchasing crude oil contracts or corn contracts on margin.
But of course, you didn't know that.
Quote from kashirin:
Landis, you don't understand economy at all.
Rate cuts destroy economy. And moral hazard is devastating
current oil surge will wipe out at least 200 bln $ and more if oil continues to rise
It's $50 bln$ higher than proposed economy stimulus.
Nobody wants our dollars. Doesn't matter if credit is available - if it's in dollars noone will want it
And why Bernanke destroys US economy? Just to save his friends at Goldman
Quote from Aaron Copland:
Just put him on ignore, he is so confused. He is a fed spokes person indeed.

Quote from Thunderdog:
Obviously. And just as obviously, they didn't manage it very well, did they? I suppose it must be a bit embarrassing to take a gluttonous flyer and end up with such a public wedgie.