[quote=markmax33][quote=briansd1]markmax33, I think you live in a fantasy land.
When credit contracts (as when banks fail and don’t lend) the economy suffers.
For example Boeing could lose orders if Air France, or Emirates can’t get their European banks to finance their plane purchases. The workers in Seattle get punished by layoffs. That’s how ruthless the markets are.[/quote]
Brian – You are missing my point. Banks are not part of a market! They are controlled by the federal reserve and it hasn’t been a free market for years! The federal reserve system and Keynesian economics are very inefficient and that’s how we got here. Stop blaming the free market because we surely don’t have one![/quote]
Don’t even try, MM.
Don’t even try. Trust me on this.
