UncoveringTruths wrote:When oil rises back to striking distance of $150 we'll be back to square one. I say this buys us a year or so.
firestarter wrote:You're wrong, Zardoz. After the euphoria wears off today, we are set up for the biggest crash in modern times. Yes I said it. Biggest!
Now that they won't have short covering rallies to gin the market we'll crash once traders wrap their heads around the fact that the opaque securities the govt is going to purchase from banks that will actually accelerate bank failures, not make them healthier. Mark to market is coming out of this plan, and it's going to torpedo the market, period.
The govt is not going to pay more than pennies on the dollar for these illiquid assets. They'll have their Super Govt SIV alright, while at the same time emasculating the very folks they set out to save. If anything the banks won't sell em to the govt at all, preferring to keep them hid indefinitely instead. If govt paid mark to model then it would cost several trillion bucks. Ain't gonna happen. Crash commences once figured out, which won't be long.
Carlhole wrote:This whole experience is tailor-made for Ron Paul. If he doesn't come out with a totall explanatory video or something, he's just not trying.
I am going to post this to the blog and don't want to weed through smiley faces. Thanks gang.
Here is a question no one has addressed: Will the US Banana Republic Bailout include buying crappy paper from foreign entities? If it does not, foreigners will sell their crappy paper to US subsidiaries or brokers who will then dump the crappy paper onto US taxpayers. If foreigners cannot sell to US intermediaries, global credit markets are likely to remain in disarray.
How will US taxpayers react if they discover that they are bailing out the entire world’s crappy paper? Heck they probably don’t realize that they are already bailing out the world’s agency holdings.
The major hurdle in the Banana Republic Bailout Plan is in assigning value to crappy paper and derivatives. If the government assigns realistic values, this will greatly impair not only institutions on the ropes but those that people don’t realize have beaucoup crappy paper. All those wondrous ‘mark to model’ assets could be assigned far lower values. This would impair other holders of the crappy paper.
This could foster a much larger crappy paper dump onto the government as well as tarnish banks that were thought to be sterling.
He's trying.
Forney2008 wrote:He's trying.
If he really wanted to make some noise(Ron Paul), he would run for president as an Independent or Constitution Party Candidate. He would probably garner at least five percent of the votes and possibly force at least the Republicans to address in a serious matter what is wrong with the financial system, and enforce the laws that originally were put in place to prevent this nonsense
Heineken wrote:No, just send them a little more of your money IF you're making more than $250,000.
If you're making less than that, you get to send them less AND you get a check for $1,000 in Monopoly money.
Is that so hard to understand?
A detail the GOP always leaves out as it attempts yet again to pull the wool over the sheeple eyes.
I don't stand for any particular party, but I really despise the lie you're perpetuating here, Fossil.
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