Us Government Needs To Buy All Wall Street Banks For $2/share

[Landis82]

Quote from chewbacca:

the original title for this thread was:

US GOVERNMENT NEEDS TO BUY ALL WALL STREET BANKS FOR $2/SHARE


the original title was ALL CAPS......to emphasis my rage

i'm not a fucking socialist........i think nationalizing banks should but TEMPORARY.......just long enough to allow the fear and panic to subside........and long enough to hammer the euro, gold, and oil with higher interest rates........after the crisis subsides we can have IPOs for the nationalized banks and they can operate independently again but without outrageous leverage and mark-to-fantasy accounting.

That's what the FED is doing, Sir.
They are temporary repos.
Not big surprise.

Were you even around back in August of 1982? Do you recall that the FED eased for 11 months in a row before it finally caught some traction?