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Bush Sidesteps Congress? $630BN To Be Pumped Into Economy
Comment in News (0 diggs, 0 replies) - on 09/30/2008 - by
digitalgopher
You sir, are an idiot of epic proportions. ever heard of open market purchases? The fed injects cash by buying government securities (t-bills, etc). they buy them from banks who get cash in return. that is how the fed injects money into the system. go rea … (see comment)
House defeats $700B financial markets bailout 
Comment in News (1 digg, 0 replies) - on 09/29/2008 - by
digitalgopher
@ luceiferin - clearly you have demonstrated that you have absolutely no understanding of even the basics of economics. do you think the people that are managing trillions of dollars of americans' pensions, 401ks, private portfolios, etc, are idiots? why … (see comment)
Bailout Doesn't Pass
Comment in News (1 digg, 0 replies) - on 09/29/2008 - by
digitalgopher
I think people need to think about this. seriously. I think this summed it up pretty well (taken from http://finance.google.com/grou … (see comment)
House defeats $700B financial markets bailout
Comment in News (-2 diggs, 0 replies) - on 09/29/2008 - by
digitalgopher
agreed. I'm a liberal like most on digg and was initially against this bailout (at least as presented), but this case here is simple economics and logic. the market needed this bill to pass. if the credit market freezes, so will investment by the private … (see comment)
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