On Mar 23, 12:17=A0am, "FrediFizzx" <fredifi...@[EMAIL PROTECTED]
> wrote:
> "Doobie Keebler" <kooper...@[EMAIL PROTECTED]
> wrote in message
>
>
news:7b79ebc1-2ace-4d8c-8671-6bcbc3ffb6c6@[EMAIL PROTECTED]
>
> > On Mar 22, 9:58 pm, "FrediFizzx" <fredifi...@[EMAIL PROTECTED]
> wrote:
> >> it really is a mere pitance and way overblown by the media in
> >> the total scheme of things.
> >> Their greed begets the greed of the media.
>
> >> Fred
>
> > There you go again, Fred: blaming the messenger!
>
> So what is wrong with blamin' the messengers when mostly all they do is
> spew crap to attract readers and viewers? =A0Ya want to be helpful in
this=
> downturn then copy and paste something more positive instead of being a
> typical "doom and gloomer" copy and paster.
>
> > FYI... $2.5 trillion is NOT a 'mere pittance.
>
> Learn some Econ 101 then maybe I will talk to you. =A0The $2.5 Trillion
> was not going to disappear no matter what happened.
>
> > Fred, admit it: You didn't even read the full text, did you? You just
> > regurgitated your wing-nut talking points, on cue, like a good little
> > Bush-bot, right?
>
> I'm a registered Democrat, so wrong again. =A0Twice.... =A0in one
sentence=
..
>
> Fred
>
> [snip rubbish]
It doesn't take a rocket scientist to see that GREED was the driving
force behind the commencement of the Yen carry all the up to the
current subprime disaster. However, there are a few questions that
really make me wonder about the controls put in place by regulators
that monitor unusual currency activities. First, how can the Fed sit
back and watch mortgage companies step in the markets and offer
ridiculously low rates and not even raise an eyebrow? Second, when
home owner****ps (as tem****ary as it would despite Bush's hype) soared
to levels as they have, why didn't alarm bells go off when the
presence of a bubble that was so overwhelming obvious and actions
taken to put the brakes on this nonsense? Because of the inaction, it
certainly leads one to believe that deals were being struck behind
closed doors to allow this **** to happen without any scrutiny
whatsoever--that is until the cat was let out of the bag.
Based on all that has happened to date, what exactly has the Fed and
SEC been doing to justify their existence?
Not that I am against free markets at work, but, if the financial
industry was that greedy and bent on making a buck through the avenues
of free markets, it seems only fair that they should resolve the mess
they alone created by free markets. Why the **** should we bail the
SOBs out? Moreover, by letting the goddamned idiots swim or drown, it
would have limited the mess to just the financial industry. Now, all
the rate cuts and bailout has rattled the entire economy.
In the end, we're gonna find that the euphoria will soon wear off.
The root of the liquidity crisis is structural economic problem--not a
financial sector cash flow issue.
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