Bailout: What it all means. - GoFuckYourself.com

notoldschool · 09-30-2008, 10:33 AM

Check out this guy act like it would never happen two years ago. oops.

kenny · 09-30-2008, 10:46 AM

It would be nice to have Ron Paul as President. We need like eight terms of some of that menality to even begin fixing the mess we've created.

DWB · 09-30-2008, 10:47 AM

Quote:

Originally Posted by notoldschool

Horrible framing in the video. Looks like he is wearing a hat.

ADL Colin · 09-30-2008, 10:48 AM

Paul makes a good point on there. The Fed already has the facilities to lend hundreds of billions of dollars. Yesterday they increased their lending to banks to I believe $650 billion. The same sort of thing can happen (sorta) through the fed instead of the treasury

What he didn't mention though is that this didn't settle the credit markets down. The TED spread is way up there. Banks aren't lending to each other. The credit markets are effectively gummed up.

Another thing he didn't mention - but which is related - is that the Fed already has the legal authorization to take hundreds of billions of dollars worth of credit derivatives as collateral and lend money to those institutions. In fact back when the credit crunch first started - or depending on your point of view - during the first credit crunch - the fed purchased $38 billion in mortgage backed securities in the open markets.

Kudles · 09-30-2008, 10:51 AM

That guy looks like he is going to die any minute now

ADL Colin · 09-30-2008, 10:58 AM

Quote:

Originally Posted by Biddy

That guy looks like he is going to die any minute now

When he speaks of "The Great Depression" he is speaking from experience. he was there.

09-30-2008, 10:30 AM	#1
notoldschool Confirmed User Join Date: Aug 2007 Posts: 5,687	Bailout: What it all means. __________________ No doubt one may quote history to support any cause, as the devil quotes scripture. -- Learned Hand http://www.bjpenn.com

09-30-2008, 10:33 AM	#2
notoldschool Confirmed User Join Date: Aug 2007 Posts: 5,687	Check out this guy act like it would never happen two years ago. oops. __________________ No doubt one may quote history to support any cause, as the devil quotes scripture. -- Learned Hand http://www.bjpenn.com

09-30-2008, 10:46 AM	#3
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	It would be nice to have Ron Paul as President. We need like eight terms of some of that menality to even begin fixing the mess we've created. __________________ 7

09-30-2008, 10:48 AM	#5
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	Paul makes a good point on there. The Fed already has the facilities to lend hundreds of billions of dollars. Yesterday they increased their lending to banks to I believe $650 billion. The same sort of thing can happen (sorta) through the fed instead of the treasury What he didn't mention though is that this didn't settle the credit markets down. The TED spread is way up there. Banks aren't lending to each other. The credit markets are effectively gummed up. Another thing he didn't mention - but which is related - is that the Fed already has the legal authorization to take hundreds of billions of dollars worth of credit derivatives as collateral and lend money to those institutions. In fact back when the credit crunch first started - or depending on your point of view - during the first credit crunch - the fed purchased $38 billion in mortgage backed securities in the open markets. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

09-30-2008, 10:51 AM	#6
Kudles Confirmed User Join Date: Feb 2003 Location: Here There and Everywhere Posts: 5,477	That guy looks like he is going to die any minute now __________________ Free to Play MMOs and MMORPGs