Uncle Ben. CUT THE RATES
#1
Posted 16 August 2007 - 02:27 PM
#2
Posted 16 August 2007 - 02:30 PM
#3
Posted 16 August 2007 - 02:38 PM
#4
Posted 16 August 2007 - 02:42 PM
Edited by IYB, 16 August 2007 - 02:45 PM.
#5
Posted 16 August 2007 - 02:54 PM
#6
Posted 16 August 2007 - 04:34 PM
#7
Posted 16 August 2007 - 06:12 PM
"all those poor people who can't afford healthcare or housing" would become unemployed by the 50's of millions if the Fed were to sit on their hands forever as the credit crisis becomes a total credit meltdown. That's what this is about- not bailing out sub-prime lenders. They are already gone! And many of the Alt-A lenders are already gone as well, and the credit crunch is now threatening the availability of capital for conforming borrowers as well- you know- that poor guy who otherwise couldn't afford housing.Oh yes, the Fed needs to bail out the big banks and mortgage lenders who
made all those sub-prime/no documentation/no money down/no interest/ loans!
But the guvmint better not bail out all those poor people who can't afford healthcare
or housing.
Will hypocracy ever cease???
The Fed needs to and ultimately will act not to save the lenders, but to throw a lifeline to "all those poor people who can't afford healthcare or housing". Ands that's as it should be.....D
#8
Posted 16 August 2007 - 06:39 PM
"all those poor people who can't afford healthcare or housing" would become unemployed by the 50's of millions if the Fed were to sit on their hands forever as the credit crisis becomes a total credit meltdown. That's what this is about- not bailing out sub-prime lenders. They are already gone! And many of the Alt-A lenders are already gone as well, and the credit crunch is now threatening the availability of capital for conforming borrowers as well- you know- that poor guy who otherwise couldn't afford housing.Oh yes, the Fed needs to bail out the big banks and mortgage lenders who
made all those sub-prime/no documentation/no money down/no interest/ loans!
But the guvmint better not bail out all those poor people who can't afford healthcare
or housing.
Will hypocracy ever cease???
The Fed needs to and ultimately will act not to save the lenders, but to throw a lifeline to "all those poor people who can't afford healthcare or housing". Ands that's as it should be.....D
But, but, IYB...have'nt you heard that the balance sheets of corporations are in better shape
than in a long time, that profits are holding up very well, that insiders are buying stocks in
large numbers, that unemployment is at 4.5%, that the stock market is still 80% higher than
its low 4 years ago, that Asian economies are booming with China & India growing at double digit
rates (where every 2 out of 5 people live), that there is no other superpower threatening us with
nuclear armageddon, etc. etc.
I just don't see the reason for the Fed or the government to push the panic button yet. May be
if the unemployment climbs a full one percent or the market drops another 10% or if SPX profits
begin to falter etc then it is time for Fed to take action. Just not yet.
So, the folks who should have never bought houses they could not afford will lose them.
So we will go right to the beginning, with those folks going back to renting. Not a real big deal.
Edited by pdx5, 16 August 2007 - 06:40 PM.