[quote=Rich Toscano][quote=CA renter]
Now, we are going to see an end to the govt intervention, as most of the risks that could be transferred to the public have been transferred. This was ALWAYS about saving the banks, and that job is done. Now, they will pull the plug, and allow the deflation to happen, IMHO.[/quote]
Why would they do that? That would just put the banks at risk of failure again, in addition to a host of other consequences that would ensure they aren’t re-elected or re-appointed.[/quote]
Well it depends on their perceived need and if the banks are sufficiently protected. Geithner did come out with his “white paper” after two years in the making – stating the NEED for higher down payments and interest rates. Now, obviously, if this was done it would be implemented at a strategic time for election and appointment purposes and probably with bipartisan support and big fan fare as a necessary evil or maybe not
