kathyae_@[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
is
>> > spew crap to attract readers and viewers? =A0Ya want to be helpful in
th=
>is
>> > 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
senten=
>ce.
>>
>> > 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. 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...
>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...
What's that old Will Rogers quip, something like "Let Wall Street
have a nightmare and the whole country has to help get them back in
bed again"
It has always been so.
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