blahblahblah Posted October 8, 2008 Report Posted October 8, 2008 The fact that Paulson just said that it will be 'several weeks' before the fed makes its first purchase is proof positive that the panic that he (and the administration) created was intentional (to steamroll the bill through congress). Even just one more week of discussion would probably have produced a number of better alternatives and avoided the panic selloff in the markets. Quote
msj Posted October 9, 2008 Report Posted October 9, 2008 It could be worse: the John McCain plan. Quote If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist) My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx
planetx Posted November 3, 2008 Report Posted November 3, 2008 oh, i'm sure the money will get spent on lemon used assets! lol! remember the marching orders of the US government at the bidding of big business: "socialize the cost and risk, privatize the profits!" Quote
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