Replaced by whom? The incompetents at Treasury and the Fed?
Nature has a way of dealing with incompetence - failure. The most competent and correct action that government can take is to get out of the way and to not suck wealth creators dry to keep a steady flow of funds streaming into the black holes that are these wealth destroyers.
The fact that nobody in government is competent enough to understand that means that they all should also be fired - without pensions.
scat cat wrong as always. The purpose of printing money though bailouts and stimulus is to improve investor confidence and prop up the stock market. The fed is doing great job, and you're too deluded with Ron Paul propganda to see otherwise.
scat cat wrong as always. The purpose of printing money though bailouts and stimulus is to improve investor confidence and prop up the stock market. The fed is doing great job, and you're too deluded with Ron Paul propganda to see otherwise.
Yeah. It's awesome when prices are inflated to reflect a price that bears no relation to the real value of an asset. And the Fed is doing such a fine job of propping up that the market is off almost 50% over 13 months.
Two bits of advice that will serve you well: 1.) take an economics class and get a clue and 2.) stop posting when you're drunk.
Also, learn to spell "propaganda". Extending the time between smoking your crack pipe and posting here might help with that.
Citi didn't xl the deal on their own, they were told to!
"Obama said Geithner has already had to step in to stop one company from taking delivery of a new corporate jet it planned to buy even after receiving billions of dollars of support from the government. That bank, Citigroup, canceled the deal earlier this week"
