paulson and bernanke
Posted By: hang on a minute on 2008-10-08
In Reply to: maybe i misunderstood - i thought she
It means they can announce to the world there is an emergency, but you shouldn't.
:)
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Republicans Bush, Paulson, Bernanke, Boehner all
This is supposedly a "bipartisan" initiative. Keynesianism is a fairly popular school of economic theory among academics, fairly obscure to Main Street. Doubtful it will do much in terms of jump-starting the economic freeze and it is absurd to think that "stunts" will instill confidence in the economy on Wall Street, Main Street or in banking institutions. The long haul is what we all are in for, no matter who wins in November.
Read Ben Bernanke's Papers
He believes the great depression was caused by credit drying up and deflation. His solution, his fantasy realized, is to keep credit flowing and keep prices from deflating. He printed over 600 billion dollars last week in pretend money to keep things flowing. The more money you print, the less value it has. your dollar right now is only worth 70 cents. Inflation goes up very easily. It only comes down with higher interest rates. When you get more money from your savings account than from the stock market. The money you borrow is not real, but the interest you pay back is. Therefore, the only real money is loaned money. And with this bill you can borrow all you want, just like before the crisis.
Wonderful. Bernanke, Pelosi, and now Barney Fife want
another stimulus package. "Stimulus should exceed 1% of the GDP."
He also says banks should be encouraged to write down mortgages. As for the $700B package, they got a terrible job loss number the same day and that it should soon start working. This fund would start buying into the banks soon. He was very upset that the first $250B was given away and $125B went into buying large banks and $125B went into buying into small banks.
Keynesianism??? What's that? Sounds like a new language to me. It's one of the words he uses.
I certainly don't think there should be another stimulus package. The first one didn't work. How can the second one be any better?
paulson
My understanding is the rally came about because of the bailout and has gone back down because they announced this week they will not be using the money for the intended purpose and changed all the rules.
I think what Paulson did was...(sm)
basically say that they weren't going to do anything else with the bailout and just let the next administration handle it. Well, at least he admits to not having a clue.
Every time I see Paulson on TV
I get the uncontrollable urge to throw something at my TV. Thankfully I've just had pillows within my reach because if I damaged my TV over my anger at Paulson.....then I'd really be p!ssed at the man. There are crooks on both pubs and dems sides alike. I personally have my torch and pitchfork ready and waiting. LOL
If Paulson had spent that money....(sm)
from the first bailout on saving these institutions instead of padding CEO pockets, would this be an issue today?
Personally, I hope capitalism does go down. It has never worked and never will.
Paulson says government not buy troubled assests
This is about troubled mortgages.
http://www.foxbusiness.com/story/markets/industries/government/treasury-secretary-paulson-expected-bailout-update/
This is about the 3 car companies. Calls increasing TO LET Big Three Automakers fail.
http://www.foxbusiness.com/story/markets/industries/government/detroits-big-bail-let-fail/
First of all, Paulson is Bush's baby. Don't pawn him off...nm
on the dems. He will be gone when Obama takes office. Secondly, the bailout money is not being spent on what Paulson said it would be spent on since Congress gave him the authority to change his strategy if he saw fit? Way too much leeway in my opinion. Hang on to your hats everyone, it is going to be a bumpy ride!
Paulson requested Asia and Middle East
And suggested that maybe it was up to them now to have a lower savings rate and a higher consumption rate.
I think he is putting them on notice that any further losses they will have to take and will not be covered by the government. I also think he is putting the US companies on notice that if they are borrowing from Asia and the middle east and issue credit default swaps they will have to cover them from now on.
Actually, this sounds like an "intervention" show where the parent is lecturing the drug dealer to stay away from their kid, the credit addict.
didnt say bush appointed him. said paulson did. besides that post wasnt for you n e way.
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