weswelker#83

April 20, 2007: Treasury Secretary Paulson : "The housing market is at or near the bottom. The U.S. economy is very healthy and robust. Subprime mortgage market won't impose a serious problem."


April 20, 2007:
http://www.marketwatch.com/news/stor...427FE7C5177%7D

atomdomb

quick! you need to move to france! we need to save ourselves! you go first! the rest of us will follow!!

weswelker#83

What is your post got to do with their incompetence ? I am not the one who said those lies !


How do you say troll in french ,sir ?

atomdomb

once again you show that you have no idea how the economy works.

troll in french? le weswelker.

weswelker#83

The serious problem is the moral hazard introduced by the fed bailout. Once you say "these institutions are so integral to the world economy that we can't let them fail should their actions merit it," then you have a problem.
If I'm running a big investment bank, and I'm faced with two investments, one with relatively little risk/return, and one that's just insane - huge risk for huge return, if I know that the government won't let me go bankrupt, then there's no penalty for picking the risky move and being wrong. So I'll do that.
it's like saying "heads you win $100, tails you lose $100." Lots of people wouldn't do that. But if someone said "heads you win $100, tails you lose $10 and we all laugh at you for a minute" would you do that? Unless you put way too much value in avoiding people laughing at you, you'd play that game all day long.

You have no idea how the economy works .

Troll in french : L'atome domb.

otis p. driftwood

Wes, why do you feel it necessary to accuse everyone who has a different view point from yours of being a troll?

Can you not take criticism? Or are you merely that intellectually vacant?

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weswelker#83

Is that what you have to say about this quote :Why attacking the messenger when you have the chance to defend and explain and dissect the primary information ?

I am telling you this , because you are not helping the quality of the debate.

otis p. driftwood

No one was attacking any messenger. I asked you a question. I've noticed that you call people who don't agree with you "trolls" and I'm curious why.

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weswelker#83

Let me repeat the question , you still don't get it .

What do you think about this :
April 20, 2007: Treasury Secretary Paulson: "The housing market is at the bottom."

otis p. driftwood

It has nothing to do with my question for you. Why do you call everyone who doesn't agree with you a troll?

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