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welfare for bankers?

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welfare for bankers?

Old 03-18-2008, 03:05 PM
  #11  
F3d
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Default RE: welfare for bankers?

So then we all agree the market is not always right?
Read this...

http://www.lewrockwell.com/paul/paul421.html

http://money.cnn.com/2008/03/18/mark...ex.htm?cnn=yes

Dow just went up 420 points. It's like a herd of cattle.
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Old 03-19-2008, 08:34 AM
  #12  
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Default RE: welfare for bankers?

So every Monday and Thursday the taxpayers dump 200 billion of "liquidity" into the market so there is a huge rally in the Dow every Tues and Friday. This rewards further those who destroyed the economy in the first place.
And what about wednesday. You have guarranteed a huge DOW drop as everyone takes Tuesdays profit off the table and to guarrantee a further taxfunded contribution for Friday.
Amazing........this is the free market?
What about my savings? The interest paid keeps droppiing, my reward for not spending all of it on stocks or junk I don't need.
The banks have to fail, only then will the market recover.
Our accounts are suppose to be guarranteed so a 30's style crash can't happen.
I wish all these "Conservative Free Market people will but out soon




ORIGINAL: F3d

So then we all agree the market is not always right?
Read this...

http://www.lewrockwell.com/paul/paul421.html

http://money.cnn.com/2008/03/18/markets/markets_newyork/index.htm?cnn=yes

Dow just went up 420 points. It's like a herd of cattle.
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Old 03-19-2008, 09:06 AM
  #13  
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Default RE: welfare for bankers?

Once again, these were loans to the market not free cash. This mortgage stuff has plenty of blame to go around. From Harry home owner, the local, state, and federalgovenments, banks. There is plentyto go around.
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Old 03-19-2008, 09:06 AM
  #14  
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Default RE: welfare for bankers?

ORIGINAL: tangozulu

Our accounts are suppose to be guarranteed so a 30's style crash can't happen.
Who can afford to keep their money in an insured bank account? My bank is paying less than 1/2 of 1% interest on savings accounts. So, my cash gets funneled into money market accounts that pay 4-5%, but aren't insured...
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