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CNN Poll: 53% of Democrat Voters Want Someone Other Than Hillary
- Thread starter Tsing Tao
- Start date
zirp plus 1? zirp plus 2? Where is reasonable? And who should decide?Whatever that means.
Reasonable is not ZIRP.
Being wrong seems to be habit forming with you. The housing bubble was created by the investment banks that found a goldmine in securitizing mortgages. Their appetite for mortgages proved insatiable, so it became necessary to lie, cheat and steal to keep the beast fed. The Greenspan Fed's only role was to do nothing, so it would be giving that stand-by-and-watch Fed far too much credit to say they created the housing bubble. If in your pea-sized brain you want to blame Mr. Greenspan's insouciance when he had the power to stop the insanity, fine, but there is no way that the Fed "created" the bubble. The mortgage money was fed by securitizing, and the popularity of the securitized and "tranchefied" mortgages, driven to wild extremes by the ease with which the I.B.s could hawk them. [When Salomon Bros. and First Boston invented securitized mortgages during Reagan's presidency, the amount of mortgage money available grew almost ten-fold, and nearly overnight!] The Fed's only role was to do nothing -- Nothing at all! Greenspan, a firm believer in laissez faire business and banking, ignored what was happening in the mortgage market. Ignored it! He assumed, because he had read Ayn Rand with too much enthusiasm, that the market would take care of the problem in a relatively harmless way. Well the market did take care of the problem, but by no means in a harmless way!The Federal Reserve created the housing bubble, you stupid mook.
And now you, yes you with the pea sized brain, want to ignore the genius of an entirely different Fed, a Fed led by the brilliant, Ben Bernanke. You should thank your lucky stars that it wasn't the insouciant Mr. Greenspan in charge when all those liar loans came home to roost.
yes, I think history will look back on President Bush and the republican congress as probably the greatest of all time for appointing Ben Bernanke as their fed chairman.Being wrong seems to be habit forming with you. The housing bubble was created by the investment banks that found a goldmine in securitizing mortgages. Their appetite for mortgages proved insatiable, so it became necessary to lie, cheat and steal to keep the beast fed. The Greenspan Fed's only role was to do nothing, so it would be giving that stand-by-and-watch Fed far too much credit to say they created the housing bubble. If in your pea-sized brain you want to blame Mr. Greenspan's insouciance when he had the power to stop the insanity, fine, but there is no way that the Fed "created" the bubble. The mortgage money was fed by securitizing, and the popularity of the securitized and "tranchefied" mortgages, driven to wild extremes by the ease with which the I.B.s could hawk them. [When Salomon Bros. and First Boston invented securitized mortgages during Reagan's presidency, the amount of mortgage money available grew almost ten-fold, and nearly overnight!] The Fed's only role was to do nothing -- Nothing at all! Greenspan, a firm believer in laissez faire business and banking, ignored what was happening in the mortgage market. Ignored it! He assumed, because he had read Ayn Rand with too much enthusiasm, that the market would take care of the problem in a relatively harmless way. Well the market did take care of the problem, but by no means in a harmless way!
And now you, yes you with the pea sized brain, want to ignore the genius of an entirely different Fed, a Fed led by the brilliant, Ben Bernanke. You should thank your lucky stars that it wasn't the insouciant Mr. Greenspan in charge when all those liar loans came home to roost.
Being wrong seems to be habit forming with you. The housing bubble was created by the investment banks that found a goldmine in securitizing mortgages. Their appetite for mortgages proved insatiable, so it became necessary to lie, cheat and steal to keep the beast fed. The Greenspan Fed's only role was to do nothing, so it would be giving that stand-by-and-watch Fed far too much credit to say they created the housing bubble. If in your pea-sized brain you want to blame Mr. Greenspan's insouciance when he had the power to stop the insanity, fine, but there is no way that the Fed "created" the bubble. The mortgage money was fed by securitizing, and the popularity of the securitized and "tranchefied" mortgages, driven to wild extremes by the ease with which the I.B.s could hawk them. [When Salomon Bros. and First Boston invented securitized mortgages during Reagan's presidency, the amount of mortgage money available grew almost ten-fold, and nearly overnight!] The Fed's only role was to do nothing -- Nothing at all! Greenspan, a firm believer in laissez faire business and banking, ignored what was happening in the mortgage market. Ignored it! He assumed, because he had read Ayn Rand with too much enthusiasm, that the market would take care of the problem in a relatively harmless way. Well the market did take care of the problem, but by no means in a harmless way!
And now you, yes you with the pea sized brain, want to ignore the genius of an entirely different Fed, a Fed led by the brilliant, Ben Bernanke. You should thank your lucky stars that it wasn't the insouciant Mr. Greenspan in charge when all those liar loans came home to roost.
For a guy who thinks he's smart, you're extremely stupid.
Go back to arguing for anchor babies and defending the knock-out game. You're outta your league.False. The bubble was fueled by a worldwide excess of desired savings (incl. petrodollars), read, lack of investment opportunity. That's why the whole world suffered when the bubble popped. The ordinary and historical rate of growth of the money supply fell to zero in those years.
Feddunnit don't hunt anymore.
The Federal Reserve system is owned by the Federal Reserve Banks.. Which have private stockholders.
Greenspan worked for the bankers not us. The interest rate dance and Fed meetings are just a scripted stage show. That you fall for the ayn rand act ... really you are too smart to fall for that shit. Greenspan was just a paid puppet of a private system. Seriously, you need to understand what it means that the Federal Reserve system is owned by private shareholders. You do accept that fact don't you? Then the next question is who owns the shares of the banks that own the shares of the Federal Reserve.
By the way, the first part of your analysis is correct. ( you wrote it more elegantly than I had in the past here on elitetrader.)
Greenspan worked for the bankers not us. The interest rate dance and Fed meetings are just a scripted stage show. That you fall for the ayn rand act ... really you are too smart to fall for that shit. Greenspan was just a paid puppet of a private system. Seriously, you need to understand what it means that the Federal Reserve system is owned by private shareholders. You do accept that fact don't you? Then the next question is who owns the shares of the banks that own the shares of the Federal Reserve.
By the way, the first part of your analysis is correct. ( you wrote it more elegantly than I had in the past here on elitetrader.)
Being wrong seems to be habit forming with you. The housing bubble was created by the investment banks that found a goldmine in securitizing mortgages. Their appetite for mortgages proved insatiable, so it became necessary to lie, cheat and steal to keep the beast fed. The Greenspan Fed's only role was to do nothing, so it would be giving that stand-by-and-watch Fed far too much credit to say they created the housing bubble. If in your pea-sized brain you want to blame Mr. Greenspan's insouciance when he had the power to stop the insanity, fine, but there is no way that the Fed "created" the bubble. The mortgage money was fed by securitizing, and the popularity of the securitized and "tranchefied" mortgages, driven to wild extremes by the ease with which the I.B.s could hawk them. [When Salomon Bros. and First Boston invented securitized mortgages during Reagan's presidency, the amount of mortgage money available grew almost ten-fold, and nearly overnight!] The Fed's only role was to do nothing -- Nothing at all! Greenspan, a firm believer in laissez faire business and banking, ignored what was happening in the mortgage market. Ignored it! He assumed, because he had read Ayn Rand with too much enthusiasm, that the market would take care of the problem in a relatively harmless way. Well the market did take care of the problem, but by no means in a harmless way!
And now you, yes you with the pea sized brain, want to ignore the genius of an entirely different Fed, a Fed led by the brilliant, Ben Bernanke. You should thank your lucky stars that it wasn't the insouciant Mr. Greenspan in charge when all those liar loans came home to roost.
see if you can spot the red herring... and see if you can spot whether the federal reserve banks are private or owned by U.S. govt.
http://www.federalreserve.gov/faqs/about_14986.htm
The 12 regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized similarly to private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
http://www.federalreserve.gov/faqs/about_14986.htm
The 12 regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized similarly to private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
That's way above his paygrade. These doe-eyed bambi types can't read between the lines. They believe what they're told and regurgitate ad naseum.The Federal Reserve system is owned by the Federal Reserve Banks.. Which have private stockholders.
Greenspan worked for the bankers not us. The interest rate dance and Fed meetings are just a scripted stage show. That you fall for the ayn rand act ... really you are too smart to fall for that shit. Greenspan was just a paid puppet of a private system. Seriously, you need to understand what it means that the Federal Reserve system is owned by private shareholders. You do accept that fact don't you? Then the next question is who owns the shares of the banks that own the shares of the Federal Reserve.
By the way, the first part of your analysis is correct. ( you wrote it more elegantly than I had in the past here on elitetrader.)
So the premises stand and you have no counter argument.Go back to arguing for anchor babies and defending the knock-out game. You're outta your league.