What if no bailout happens?

BTW, this is the only forum I'm on. I've no idea what you're talking about. Sounds paranoid though.
 
Evasion noted again. I assume you cannot support your characterisation "Banks can essentially create as much money as they want"?
 
Francesca R said:
Evasion noted again. I assume you cannot support your characterisation "Banks can essentially create as much money as they want"?
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Why don't you just start a new thread on the subject and perhaps I'll participate. In the mean time, you should stay on topic. I understand its difficult for you to prove or make sense of almost anything you've said up to this point, but why not give it a shot? Its how we learn.
 
Francesca R said:
You brought it up. I recognise your retreat though so case closed I guess :)
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Perhaps you'd like to reread the post and ask a legitimate question? Asking me why I posted it isn't legitimate. I obviously posted it because it makes sense.
 
rjwould said:
Well, if thats the consequence of living above our means, then so be it. Perhaps we'll learn our lesson this time.
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If the credit market stop working, it's not only those "living above their means" who will be affected, but pretty much everyone. Letting this happen just so we "learn a lesson" is right between the armchair-quaterback naive and the downward scary. Are you for letting people die from lung cancer just to "teach them a lesson"?
 
ZouPrime said:
If the credit market stop working, it's not only those "living above their means" who will be affected, but pretty much everyone. Letting this happen just so we "learn a lesson" is right between the armchair-quaterback naive and the downward scary. Are you for letting people die from lung cancer just to "teach them a lesson"?
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Oh, if RJ is one of those who loses his job because of a collapsing economy, he will be screaming louder then anybody.
Not that he has impressed me that his opposition to the bill is based on anything other then pure emotion and sort of "F--- The Establishment" attitude.

The Dow has already tumbled 500 points. I hope RJ is happy.
 
Phaedrus74 said:
Why do you think is this (or, does it seem to be) less of a problem in Europe?
If the determining factor is the existence of Central Banks you would expect a similar problem to exist on this side of the Atlantic.
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While all central banks debauch their currencies over time, Europe and other central banks have debauched theirs at a lesser rate than the Federal Reserve. However, European banks have a lot of exposure to US mortgage-backed securities, so in response to it being less of a problem in Europe I would say "wait a while".

Also the policy of the Clinton administration vis-a-vis fiscally responsible budgetting would point towards a conclusion that the mere fact that a Central Bank exists as a lender of last resort is not sufficient to explain the current situation (it might be a necessary condition, though).
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In fact much of the bank deregulation that was partly responsible for this mess occurred during the Clinton regime. I would submit that the budget surpluses during his reign were the result of fortuitous and incredible technology-related productivity gains resulting in increased tax revenue, more so than Clinton's budget policy. All recent presidents have spent like there is no tomorrow, with Bush being the absolute worst in this regard.
 
Talk about emotional responses....Wow! You'd think I was the Grinch that stole Christmas. You've been led into your fears. Relax...All will be fine.....You watch.

Anyway, theres a good chance that congress will fold under the pressure of lobbyists. I hope they don't, but theres a lot of campaign contributions at stake.

Congress so far has done the correct thing in my opinion. But hey, that only my opinion, and we all know what they say about opinions.

I think too many people on this forum have been listening to the fear mongers among you.
 
ZouPrime said:
If the credit market stop working, it's not only those "living above their means" who will be affected, but pretty much everyone. Letting this happen just so we "learn a lesson" is right between the armchair-quaterback naive and the downward scary. Are you for letting people die from lung cancer just to "teach them a lesson"?
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Hey, the Fed is most responsible for this mess. Everyone who knows anything about economics realizes that.

And your cancer analogy is simply too small minded to respond to, but I do forgive you for it.:)
 
What if no bailout happens?

How about, with twenty minutes to go, the biggest single day drop in Dow Jones Industrial Average history.
 
Travis said:
What if no bailout happens?

How about, with twenty minutes to go, the biggest single day drop in Dow Jones Industrial Average history.
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So, did you think there would be no consequences to the way our financial leaders have misled and lied to us. Of course there will be consequences.

But to go on as we have been simply to avoid those consequences only delays the inevitable which would only get worse over time. Some of us just like to be passive aggressive. As for me, I'd rather it happen now rather than to my children and grandchildren after I'm too old or dead. Thats really what most people are unconsciously hoping for, and thats selfish.

We're here, lets fix this god forsaken problem the right way now, Cool!
 
rjwould said:
Hey, the Fed is most responsible for this mess. Everyone who knows anything about economics realizes that.
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Actually, everyone who knows anything about economics realizes that 1) you can't blame a single entity for this mess, it's much more complex than that and 2) you, personally, aren't knowledgeable enough to express any sensible opinion on the matter.
 
rjwould said:
Hey, the Fed is most responsible for this mess. Everyone who knows anything about economics realizes that.

And your cancer analogy is simply too small minded to respond to, but I do forgive you for it.:)
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So you buy into "The Fed Is Evil " woo?
 
Travis said:
What if no bailout happens?

How about, with twenty minutes to go, the biggest single day drop in Dow Jones Industrial Average history.
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You don't understand. RJ is one of those who WANTS a economic meltdown "to teach us a lesson".
Although when it comes to basic economics RJ could use a few lessons themsleves, then just mouth stuff that sounds as if it came from a Ron Paul website.
 
ZouPrime said:
Actually, everyone who knows anything about economics realizes that 1) you can't blame a single entity for this mess, it's much more complex than that and 2) you, personally, aren't knowledgeable enough to express any sensible opinion on the matter.
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The ad hominem insults are hurtful, small minded, but hurtful.....Again, I'll forgive you as its reasonably clear you're simply young and immature.

Now to answer the more reasonably minded part of your post.

Theres a lot of blame to go around of course, but standing directly in the center of the mess is the fed.

I never said the fed is evil, dudalb, but you can't let the main institution who is responsible for economic affairs simply walk away without the blame they deserve.

You two are acting like this is all my fault....Get a grip!
 
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