Disturbing

Sprite12 · 11-01-2007, 02:50 PM

The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through a credit crunch.

The action came one day after Fed Chairman Ben Bernanke and all but one of his central bank colleagues voted to slice a key interest rate. It was the second time in six weeks that policymakers acted to protect the economy from the effects of the housing downturn and credit troubles.

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2007/11/01/national/w082935D62.DTL

Oil just went up 6% today also.
100$ a barrel.. They are destoying this countries economy on purpose.. I have no doubt about that now..

tangozulu · 11-01-2007, 05:53 PM

They who..................the mortgage guys or their palls that rated their paper?

Sprite12 · 11-01-2007, 06:01 PM

Think about this. Who the he!! gives the Federal reserve permission to print this money? Something to really think about?

DougMD · 11-02-2007, 05:08 PM

If the mortgage debacle drags the economy into a recession, we may all hurt even worse. I see both sides of this, but do not believe in bailouts for people who take risk.

tangozulu · 11-02-2007, 07:14 PM

Could the sub-prime mortagage debackle be considered the free market gone off the deep end. Perhaps there was room for some regulation here.
Keep in mind it was the collapse of the real estate market that destroyed the ***aneese economy for more that a decade.

Fieldmouse · 11-02-2007, 07:57 PM

Quote:

ORIGINAL: tangozulu

Could the sub-prime mortagage debackle be considered the free market gone off the deep end. Perhaps there was room for some regulation here.
Keep in mind it was the collapse of the real estate market that destroyed the ***aneese economy for more that a decade.

Or maybe it's was the zoning laws and hoops people must jump through that drive up the cost of building a home in a certain area there by over inflating the price of current homes?

Champlain Islander · 11-03-2007, 02:17 AM

The costs of homes are simply supply and demand. Someone supplies the homes and the sellers demand the escalating prices. When the housing inventory goes way up it turns into a buyers market and prices start to collapse. We periodically go through these times but just like the stock market things even out. It is all just a balance which ebbs and flows in a cycle. I am involved with the real estate industry and see a similarity to the late 80's and early 90's in this region when we dipped. Like all times money can still be made in real estate but more than ever the purchase price must be carefully acquired. It isn't the real estate that put us in the mess it is the financing industry and the ignorant people who fall for their schemes.

SevenMag · 11-05-2007, 07:58 AM

Quote:

ORIGINAL: DougMD

If the mortgage debacle drags the economy into a recession, we may all hurt even worse. I see both sides of this, but do not believe in bailouts for people who take risk.

i agree... I have no sympathy for people who over spend let their finances get out of hand... live within your means and plan for emergencies and you'll not likely have much problem... bailouts are not my problem and the smart people are going to end up making money over this debacle... in about another 2yrs or so I'm gonna be prowling for foreclosures to pick up cheap... in the end, real estate is still a good long term investment, especially if you can get in right about the time the market hits bottom (which is still another 2-3 yrs out imho)...

huntingirl89 · 11-05-2007, 09:03 AM

I think its about time Americans stop being sheep and start seriously questioning the government (and I'm not talking lobbyists, or hippies, or protests or anything like that, those are just stupid). The government has been out of our hands for far too long, and if the next president tries to do a disappearing act on the 2nd amendment, I smell a second revolution coming.

Companies now own the government, big business industries that push around politicians. How about these boys grow a nice big pair and push back.

falcon · 11-05-2007, 09:27 AM

"Companies now own the government, big business industries that push around politicians."

The sad fact is thattoo manyof the DC brand politicians do not have to be pushed by big business. Rather, big business leads them around by their noses.

The value of the dollar is on the slippery slope: It will soon be on par with the Mexican peso.