The Feds Effort Has Done Nothing
- Thread starter Aaron Copland
- Start date
Come on, man... where's your brain? That's a crappy analogy.
Anyone who participates in a "bank run" is presuming (betting) the "FDIC is going to default on its obligations".
Do you realize what such a default would mean to the US banking system? If the FDIC defaults even ONE time, there will be bank runs all across the US.... The Gummint and Fed could not cope, so ANY COST to prevent such will be exercised...
My comment wanting to know how many threads like this we have to have is not indicative of a lack of concern in the Fed's policy making or to stress how I don't think Bernanke is doing a bad job.
It was more about how there are 500 threads saying the exact same thing, over and over, day in and day out.
I agree with your points. But posting 1000 times isn't going to educate the supposed 99% of Americans you claim don't understand financial matters. Perhaps you and Aaron can start a talk show?
It was more about how there are 500 threads saying the exact same thing, over and over, day in and day out.
I agree with your points. But posting 1000 times isn't going to educate the supposed 99% of Americans you claim don't understand financial matters. Perhaps you and Aaron can start a talk show?
Hopefully such things will become a chant among 100 Million Americans* and we can affect a beneficial change.
* I don't expect to see this in my lifetime, but perhaps with the October 1, implementation of the FBI's authority to do "warrantless searches", I'll just STFU.
America is on the path to becoming a POLICE STATE... like the former Soviet Union and Nazi Germany... less than 1-in-1000 recognize it.
25 years ago, I saw Milton Friedman on "Wall Street Week", tell Ruky... "The Fed should be abolished... and replaced with a computer which increases the money supply by about 2% per year... to keep pace with the population growth".
If one is a capitalist, one recognizes the logic in that statement. And to understand how far we have deviated from such logic is to understand how far we've fallen and the perilous risk of The Powers current modus opperadi,
If one is a capitalist, one recognizes the logic in that statement. And to understand how far we have deviated from such logic is to understand how far we've fallen and the perilous risk of The Powers current modus opperadi,
An insured house burns first. Without FDIC bankers would certainly need to value safety as an inducement to enlist depositors.
A "bank run" is the ultimate vote against management. Does Citi deserve to endure? Should Citi's management and board continue to be paid millions a year? The critics who say this system privatizes profits while socializing losses are on target.
Free market's are at work. Those who lent excessively to post profits were rewarded when conditions were ripe. They're now being spanked as underlying assets decline. Bailing out a poorly run money center lending institution is about as prudent as coming to the rescue of Mrs. Field.
A "bank run" is the ultimate vote against management. Does Citi deserve to endure? Should Citi's management and board continue to be paid millions a year? The critics who say this system privatizes profits while socializing losses are on target.
Free market's are at work. Those who lent excessively to post profits were rewarded when conditions were ripe. They're now being spanked as underlying assets decline. Bailing out a poorly run money center lending institution is about as prudent as coming to the rescue of Mrs. Field.
'MAYBE" Wow thats a strong argument.
Quote from gnome:
25 years ago, I saw Milton Friedman on "Wall Street Week", tell Ruky... "The Fed should be abolished... and replaced with a computer which increases the money supply by about 2% per year... to keep pace with the population growth".
If one is a capitalist, one recognizes the logic in that statement. And to understand how far we have deviated from such logic is to understand how far we've fallen and the perilous risk of The Powers current modus opperadi,
There is logic to that statement, and I've been saying something similar for years, with the addition that both pop growth & GDP growth should be considered by the "computer".
However, my theory depends on implementing such a plan during an expansion phase. To do that right now would be a nightmare. You think people are losing their homes now? Just wait and see what happens if inflation is stopped.
Your brain washed, Americans have a negative savings rate. Oh I better hurry to the bank and get my $700.00 hundred dollars out . Makloda youâre dumber than dirt.