On Mar 23, 2:40=A0pm, kathy...@[EMAIL PROTECTED]
wrote:
> On Mar 23, 10:44=A0am, Igor The Terrible
>
>
>
>
>
> <igor_the_terri...@[EMAIL PROTECTED]
> wrote:
> > 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
i=
s
> > > 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
Trillio=
n
> > > was not going to disappear no matter what happened.
>
> > > > Fred, admit it: You didn't even read the full text, did you? You
jus=
t
> > > > regurgitated your wing-nut talking points, on cue, like a good
littl=
e
> > > > Bush-bot, right?
>
> > > I'm a registered Democrat, so wrong again. =A0Twice.... =A0in one
sent=
ence.
>
> > > 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. =A0However, there are a few questions that
> > really make me wonder about the controls put in place by regulators
> > that monitor unusual currency activities. =A0First, 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? =A0Second, 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? =A0Because 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. =A0Why the **** should we bail the
> > SOBs out? =A0Moreover, by letting the goddamned idiots swim or drown,
it=
> > would have limited the mess to just the financial industry. =A0Now,
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.- Hide quoted text -
>
> > - Show quoted text -
>
> Igor... the Fed bailing out Bear was wrong... should have let the
> market deal with it, even if it would have made 1987 look like a cake
> walk... of which still can happen... and probably will... fer which is
> why myself, have sold off what wasn't my core holdings.
Yep, agreed. That is precisely my sentiment.
Lookin back
> since the 1970's, it's been the financial sector that has caused most
> of the problems within the market, coming up with new ways to trade
> the old & true... and it's been the old & true that has not only saved
> the market, yet revived it each and every time... investing today with
> anythin financial is like playing with fire, it's gonna burn ya...
You're right. It has always been the financial sector in some way or
another. Unfortunately there is no going back to the good ole days,
but we can pass legislation and or impose regulations that will clear
the taxpayer of any and all liabilities or obligations to bailouts due
to non compliance. We can't hold a gun to Wall street and change
their culture, but we sure as hell can do absolutely nothing while we
sit back and laugh at them as they put themselves into chapter 7.
When it comes to that crowd, the market and infuriated shareholders
are the best way to let the situation resolve itself.
> best to get with what has strong roots in America... what's plain and
> simple to understand... basic industries will get ya thru this...
> we'll leave the light on fer ya...
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> - Show quoted text -
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