REMINDER: Big government caused the recession. - GoFuckYourself.com - Adult Webmaster Forum

X

Hawkeye

Confirmed User

Join Date: Feb 2002

Posts: 1291
Share

Post
#1

REMINDER: Big government caused the recession.

03-19-2009, 06:42 AM

http://www.businessinsider.com/did-t...cession-2009-3

1. The Fed?s policy of intervening in the economy to push interest rates lower than the market would have set them was the single greatest contributor to the crisis that continues to unfold before us.

2. Making cheap credit available for the asking does encourage excessive leverage, speculation, and indebtedness.

3. Manipulating interest rates and thereby misleading investors about real economic conditions does in fact misdirect capital into unsustainable lines of production and discombobulate the market.

4. The Fed?s intervention into the economy can give rise to the boom-bust cycle, making us feel prosperous until we suffer the inevitable crash.
Tags: None
sortie

Confirmed User

Join Date: Mar 2007

Posts: 7771
Share

Post
#2

03-19-2009, 07:03 AM

Originally posted by Hawkeye

http://www.businessinsider.com/did-t...cession-2009-3

1. The Fed?s policy of intervening in the economy to push interest rates lower than the market would have set them was the single greatest contributor to the crisis that continues to unfold before us.

2. Making cheap credit available for the asking does encourage excessive leverage, speculation, and indebtedness.

3. Manipulating interest rates and thereby misleading investors about real economic conditions does in fact misdirect capital into unsustainable lines of production and discombobulate the market.

4. The Fed?s intervention into the economy can give rise to the boom-bust cycle, making us feel prosperous until we suffer the inevitable crash.

New Flash!

One car has products in it from 1000 different companies that employ millions of
people.

All our enemies buy our cars.
They can't buy them when we are blowing them up.

We broke ourselves by killing people who bought our shit and sold us supplies to build
the shit that we sold back to them.

Every single company in the world that relied on Iraq for some supply went
without those supplies when the war started. Those companies went broke
and could no longer provide their secondary product to the tertiary businesses
that needed it to make their money. Do you see the chain reaction that took
place once companies ran out of their stock pile and the war was still raging?

Nope, you don't....you're a republican.

Further :

Oil is traded in dollars which means Iraq had to send all it's oil sales money thru
american banks. No Iraq oil money means banks not having that money.
Is their a problem with banks and money now??

Thanks for the number crunching mumbo jumbo though.

Don't evolve so intellectually high that there is no where to go except back to
being stupid by thinking you can reduce human life to a sheet full of fucking numbers
and ignore the omnipresence of common sense.
Comment
Iron Fist

Too lazy to set a custom title

Join Date: Dec 2006

Posts: 23400
Share

Post
#3

03-19-2009, 07:05 AM

REMINDER: Greed started the recession.

i like waffles
Comment
tony286

lurker

Join Date: Aug 2002

Posts: 57021
Share

Post
#4

03-19-2009, 07:07 AM

It is their fault because of deregulation. Free markets dont care about stability they care about there fat bonuses. Big companies leveraging 35 to 1 had nothing to do with this, its the little guy in cleveland who couldnt pay his mortgage. When people say that Im like did you really think about it or just parroting what the media told you?
Comment
notoldschool

Confirmed User

Join Date: Aug 2007

Posts: 5687
Share

Post
#5

03-19-2009, 07:11 AM

The federal reserve is the root of all our problems.

No doubt one may quote history to support any cause, as the devil quotes scripture.
-- Learned Hand

http://www.bjpenn.com
Comment
DaddyHalbucks

A freakin' legend!

Join Date: Feb 2004

Posts: 18975
Share

Post
#6

03-19-2009, 08:09 AM

Originally posted by tony404

It is their fault because of deregulation. Free markets dont care about stability they care about there fat bonuses. Big companies leveraging 35 to 1 had nothing to do with this, its the little guy in cleveland who couldnt pay his mortgage. When people say that Im like did you really think about it or just parroting what the media told you?

Bill Clinton did alot of deregulating. He also forced banks to lend money, even to people who could not afford to pay it back.

It was all a house of cards, built on the idea that real estate values never go down. Well, guess what? They did, and mortgages reset at higher rates, and millions of little guys in Cleveland and other cities couldn't pay.

The banking deregulating, allowing for large financial service companies, did not have much to do with the current crisis.

Boner Money
Comment
Reak AGV

Confirmed User

Join Date: Dec 2004

Posts: 4283
Share

Post
#7

03-19-2009, 08:10 AM

Originally posted by sharphead

REMINDER: Greed started the recession.

And his name was BINGO!

Need Mainstream Content and SEO?
SEO * Website Copy * Blogs
Blogging - PR Work - Forum Marketing - Social Marketing - Link building - Articles
100% Guaranteed Content!
Comment
LiveDose

Show Yer Tits!

Join Date: Feb 2002

Posts: 25792
Share

Post
#8

03-19-2009, 08:14 AM

This is where my sig goes.

Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal
Comment
DrChango

Confirmed User

Join Date: Dec 2008

Posts: 938
Share

Post
#9

03-19-2009, 08:16 AM

greed and stupidity from both sides, and to be clear, this didn't start ten or even twenty years ago, the fucked up system we are watching unravel started during the "Gilded Age" about a century ago.

Jacob Stiver
Mobile Monkey
Topbucks|Pink Visual|Plug In Feeds
E-Mail: [email protected]
ICQ#: 388847435
Comment
pigman

Confirmed User

Join Date: Aug 2006

Posts: 760
Share

Post
#10

03-19-2009, 08:18 AM

Originally posted by Hawkeye

http://www.businessinsider.com/did-t...cession-2009-3

1. The Fed?s policy of intervening in the economy to push interest rates lower than the market would have set them was the single greatest contributor to the crisis that continues to unfold before us.

2. Making cheap credit available for the asking does encourage excessive leverage, speculation, and indebtedness.

3. Manipulating interest rates and thereby misleading investors about real economic conditions does in fact misdirect capital into unsustainable lines of production and discombobulate the market.

4. The Fed?s intervention into the economy can give rise to the boom-bust cycle, making us feel prosperous until we suffer the inevitable crash.

No regulation or oversight caused the crash!!!

Suffering arises from attachment to desires.
Suffering ceases when attachment to desire ceases.
Comment
ner0

Registered User

Join Date: Aug 2006

Posts: 32
Share

Post
#11

03-19-2009, 09:26 AM

Hawkeye is spot on. To the people that blame it on the free market - WE DONT HAVE A FREE MARKET.
Comment
_Richard_

Too lazy to set a custom title

Join Date: Oct 2006

Posts: 30991
Share

Post
#12

03-19-2009, 09:28 AM

Originally posted by DaddyHalbucks

Bill Clinton did alot of deregulating. He also forced banks to lend money, even to people who could not afford to pay it back.

It was all a house of cards, built on the idea that real estate values never go down. Well, guess what? They did, and mortgages reset at higher rates, and millions of little guys in Cleveland and other cities couldn't pay.

The banking deregulating, allowing for large financial service companies, did not have much to do with the current crisis.

all the deregulating that bush did? that would have an impact as well right?

why just say clinton?
Comment
Wizzo

2011 GFY Hall of Fame!

Join Date: Nov 2000

Posts: 15224
Share

Post
#13

03-19-2009, 09:33 AM

I think a few of you should learn what Credit Default Swaps are and then talk about what tanked the economy...

Looking for Opportunity!
Comment

Previous template Next

Working...