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  #1  
Old 04-09-2008, 06:12 PM
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Default The Largest Financial Shock Since The Great Depression

Quote:
America's mortgage crisis has spiralled into "the largest financial shock since the Great Depression" and there is now a one-in-four chance of a full-blown global recession over the next 12 months, the International Monetary Fund warned today.

http://www.guardian.co.uk/business/2...d=networkfront
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I guess we had to get to them, before one of them is elected US President!
Republicans are "the party that wrecked America."
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  #2  
Old 04-09-2008, 07:57 PM
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Default Re: The Largest Financial Shock Since The Great Depression

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Originally Posted by weswelker#83 View Post
I'm not saying or predicting that we are heading into a depression, OTH, we have some serious problems. When was the last time our government bailed out an investment banking firm. One analyst stated a reason for doing so, was that there was a chance at a run on the banks.
The housing market is in serious trouble. When was the last time our government went to these lengths to fix the housing industry. Doesn't matter if a great % of people were flipping or that a large number bought escalating rates, the bottom line is that with the combination of other factors, there could be major collapses. While the experts are debating if we are in a recession, businesses are suffering, and the consumer is hurting.
When was the last time our country was in this much trouble?
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  #3  
Old 04-09-2008, 08:23 PM
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Default Re: The Largest Financial Shock Since The Great Depression

You want a free market system? Stop trying to have your cake and eat it too.


Also ,US Rep Raises Concerns About Discount Window Abuses
http://www.nasdaq.com/aspxcontent/Ne...indow%20Abuses

The bank borrow money from the feds at 2.5% and lend it to people at 6% LOL
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I guess we had to get to them, before one of them is elected US President!
Republicans are "the party that wrecked America."

Last edited by weswelker#83; 04-09-2008 at 08:24 PM.
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  #4  
Old 04-09-2008, 08:28 PM
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Default Re: The Largest Financial Shock Since The Great Depression

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Originally Posted by weswelker#83 View Post
You want a free market system? Stop trying to have your cake and eat it too.


Also ,US Rep Raises Concerns About Discount Window Abuses
http://www.nasdaq.com/aspxcontent/Ne...indow%20Abuses

The bank borrow money from the feds at 2.5% and lend it to people at 6% LOL
Ummm...and what's wrong with that?

They're the ones taking risk at that point.
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Old 04-09-2008, 08:33 PM
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Default Re: The Largest Financial Shock Since The Great Depression

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Originally Posted by a.paul View Post
Ummm...and what's wrong with that?

They're the ones taking risk at that point.
Surprise! Surprise!

Whats wrong with that ? they gave them "easy" money to help them from bankrupty.
You still don't get it , do you ?
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I guess we had to get to them, before one of them is elected US President!
Republicans are "the party that wrecked America."

Last edited by weswelker#83; 04-09-2008 at 08:34 PM.
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  #6  
Old 04-09-2008, 08:34 PM
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Default Re: The Largest Financial Shock Since The Great Depression

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Originally Posted by weswelker#83 View Post
Whats wrong with that ? they gave them "easy" money to help them from bankrupty.
You still don't get it , do you ?
That's not what the article you posted says.
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Old 04-09-2008, 08:39 PM
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Default Re: The Largest Financial Shock Since The Great Depression

Quote:
... large banks may be borrowing billions of dollars in funds made available by the central bank in order to benefit their shareholders.
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I guess we had to get to them, before one of them is elected US President!
Republicans are "the party that wrecked America."
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  #8  
Old 04-09-2008, 08:43 PM
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Default Re: The Largest Financial Shock Since The Great Depression

what's stopping the FED from printing as much money as they want?
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Old 04-09-2008, 08:51 PM
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Default Re: The Largest Financial Shock Since The Great Depression

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Originally Posted by weswelker#83 View Post
The article talks about using the money as dividends--that is money given to shareholders. It says nothing--NOTHING--about loaning the money out at a higher interest rate.
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Old 04-09-2008, 08:55 PM
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Default Re: The Largest Financial Shock Since The Great Depression

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Originally Posted by a.paul View Post
The article talks about using the money as dividends--that is money given to shareholders. It says nothing--NOTHING--about loaning the money out at a higher interest rate.
How do you give money or make profits to your shareholders ?
there is a big difference in borrowing to support the business and borrowing to pay dividends.
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