You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
The Bail Out Helps Main Street-Or Pikers Like You
- Thread starter Pa(b)st Prime
- Start date
Quote from EMRGLOBAL:
D E P R E S S I O N is going to be the end result.
Heading towards it, will not happen over night. 2010 or so.
The Bail out of 700 billion is not enough, its just a band aid.
Do not think that the Financial Markets and the US economy will walk away from this with only minor scratchs.
79 years since the Depression.
But we have Dr. Bernanke leading this action. He is the expert as he did his thesis on the great depression and how to prevent it happening again. He told us last year the credit crisis was "contained".
We should have not walked, but run away from Bernanke years ago.
Quote from Trendytrader:
But we have Dr. Bernanke leading this action. He is the expert as he did his thesis on the great depression and how to prevent it happening again. He told us last year the credit crisis was "contained".
Bernanke read about it. He didn't live it. If he lived it, he'd have a different view.
http://www.shorpy.com/rural-mother-1936?size=_original
Quote from EMRGLOBAL:
D E P R E S S I O N is going to be the end result.
Heading towards it, will not happen over night. 2010 or so.
The Bail out of 700 billion is not enough, its just a band aid.
Do not think that the Financial Markets and the US economy will walk away from this with only minor scratchs.
79 years since the Depression.
I'd debate with you on this. I think it's enough. Enough to hit the reset button with. I don't know the figures on the S&L crisis, but I think it was about this size.
It's enough to get junk off the balance sheets and "reset" back to zero. Trust me, the treasury will buy anything it wants basically at dirt cheap prices. That'll be enough to start over.
I will be selling all my clients out of equities if this bill doesn't get passed by Friday.
Quote from heypa:
Insurance is only viable when only a few have claims. The premiums pay organization costs, some are held in ready reserve , and the rest invested in ways seldom readily accessible.
They are regulated to have reserves already available when you buy the policy, and if they don't, they rate your premiums appropriately to buy re-insurance.
Quote from Trendytrader:
But we have Dr. Bernanke leading this action. He is the expert as he did his thesis on the great depression and how to prevent it happening again. He told us last year the credit crisis was "contained".
So you'll blame Bernanke for the wreckless abandon all financial instiutions leveraged themselves in securities that declined in value? I don't think it's Uncle Ben that had the problem.
I doubt Warren will do anything but expect to be paid when he invests. He's not helping himself unless he has a stake, and that's always been his MO. Even if he has to buy the company just to force the company to pay his debt back, he'll do it. In fact he's done that another time in his history, too.Quote from MarketMasher:
Buffett should have just given Goldman Sachs that $5B. Why the heck did he demand an equity stake?
Didn't he know that helping them out was helping himself?