Don't be suckered
Started by
Islander
, Aug 17 2007 12:30 PM
2 replies to this topic
#1
Islander
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Posted 17 August 2007 - 12:30 PM
The boys are waiting for Fanny and Freddy to step in bail out the unbankable subprimes- all $1.2 trillion of them. The heat stays on til they get what they want... But! your Congress will give it to them. Then all you will need is gold and currencies. And, energy is OK until the hurricanes blow out. Best Islander
#2
ogm
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Posted 17 August 2007 - 12:47 PM
The boys are waiting for Fanny and Freddy to step in bail out the unbankable subprimes- all $1.2 trillion of them. The heat stays on til they get what they want... But! your Congress will give it to them. Then all you will need is gold and currencies. And, energy is OK until the hurricanes blow out. Best Islander
Fed will cut rates and provide liquidity, so that those dumb asses who took out the bad ARMS didn't become homeless and didn't ruin life for the rest of us.
Thats what they are for.
If you want to bet that the Fed won't do it.. think again.
If the dollar bottom falls out because of this.. oh well.. better for corporate earnings and jobs growth, right ?
#3
humble1
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Posted 18 August 2007 - 03:46 AM
i agree with you guys: the fed will cut, add liquidity and eventually fannie and freddie will be allowed to do more.
BUT: that will all be stretched out over ~ three years as the bear market
develops. there is a LOT more to come. remember: in the 2000-2002 decline greenspan cut rates all the way and was never really criticized for the bubble.
the bernanke fed will follow the same plan, with a few different wrinkles.
