market-ticker.denninger.net — Karl Derringer calmly and intelligently describes some rather strange actions taken by Ben Bernanke and the Federal Reserve as they try to push the $700 billion "bailout" package through Congress.
Sep 25, 2008 View in Crawl 4
hanglySep 25, 2008
Maybe to offset all the liquidity the Fed has been pumping into the economy in the form of bailouts in an effort to prevent hyperinflation?I'm no expert on monetary policy, but this doesn't make a lot of sense to me. If you want the market to be illiquid and you want banks to fail you can simply NOT bail them out.Someone who understands this better please help.
snotrokitSep 25, 2008
And we were all expecting a terrorist bombing in October. How many saw a financial bombing? Our country is being torn to shreds before our very eyes, but instead of using explosives and shady radical religious groups, they are using the financial system to take down America. The pieces are in place, I wonder when they call Checkmate?
brad3378Sep 28, 2008
Dugg for "no banker left behind"
unlawflcombatntSep 29, 2008
Investors and Wall Street have lost money MBSs, and would lose money selling them at the current market price. But instead of the investors absorbing the losses, Paulson & Bernanke want taxpayers to bear the losses, by buying up the devaluing MBSs for the original overvalued price. This would eliminate any losses for investors in the MBSs.<a class="user" href="http://unlawflcombatnt.proboards84.com/index.cgi?board=financial&action=display&thread=3904&page=1#12258">http://unlawflcombatnt.proboards84.com/index.cgi?b ...</a>