Bailout for Dummies – Part I

[davelj]

[quote=TheBreeze]I believe he’s talking about deposits above the FDIC limits (which I think are currently $250K?).[/quote]

Wrong. The $8 trillion represents ALL deposits in the domestic banking system. All DDA accounts now have unlimited coverage. And through CDARs, anyone (individuals or businesses) can get up to $50 million in time deposits fully covered by the FDIC. Uninsured deposits are a pretty small portion of the total at this point. (Prior to the crisis they were about 30% of the total.) Anyone that has uninsured deposits at this point isn’t paying attention.

Now, the real question is how you can have the temerity to post such an article without even understanding what the author is trying to convey. I just don’t get it. Bizarre.

[LuckyInOC]

[quote=davelj]Now, the real question is how you can have the temerity to post such an article without even understanding what the author is trying to convey. I just don’t get it. Bizarre.[/quote]

Davelj,

I think you mean ‘breezarre’…

LuckyInOC

[LuckyInOC]

[quote=davelj]Now, the real question is how you can have the temerity to post such an article without even understanding what the author is trying to convey. I just don’t get it. Bizarre.[/quote]

Davelj,

I think you mean ‘breezarre’…

LuckyInOC

[LuckyInOC]

[quote=davelj]Now, the real question is how you can have the temerity to post such an article without even understanding what the author is trying to convey. I just don’t get it. Bizarre.[/quote]

Davelj,

I think you mean ‘breezarre’…

LuckyInOC

[LuckyInOC]

[quote=davelj]Now, the real question is how you can have the temerity to post such an article without even understanding what the author is trying to convey. I just don’t get it. Bizarre.[/quote]

Davelj,

I think you mean ‘breezarre’…

LuckyInOC

[LuckyInOC]

[quote=davelj]Now, the real question is how you can have the temerity to post such an article without even understanding what the author is trying to convey. I just don’t get it. Bizarre.[/quote]

Davelj,

I think you mean ‘breezarre’…

LuckyInOC

[jpinpb]

Ok, guys. I know I’m missing something here. Why are you giving Breeze such a hard time. He’s posted some interesting articles.

[jpinpb]

Ok, guys. I know I’m missing something here. Why are you giving Breeze such a hard time. He’s posted some interesting articles.

[jpinpb]

Ok, guys. I know I’m missing something here. Why are you giving Breeze such a hard time. He’s posted some interesting articles.

[jpinpb]

Ok, guys. I know I’m missing something here. Why are you giving Breeze such a hard time. He’s posted some interesting articles.

[jpinpb]

Ok, guys. I know I’m missing something here. Why are you giving Breeze such a hard time. He’s posted some interesting articles.

[TheBreeze]

[quote=jpinpb]Ok, guys. I know I’m missing something here. Why are you giving Breeze such a hard time. He’s posted some interesting articles. [/quote]

I don’t know if you’ve noticed, but davelj (bankster), FLU (currently on disability but has family in investment banking), and Allan (business owner) never really venture out of their respective comfort zones. They just sit back and wait for me to make mistakes. Of course I’m going to make a lot of mistakes because I don’t have a background in finance, but I’d still like to know how I’m getting screwed by all the bailouts so that I can at least try to do something about it.

FLU, Allan, and davelj think the bailouts are a good thing (FLU’s family is a direct beneficiary, Dave’s bank may benefit because if there is a fire sale of assets, his bank may have to mark down their assets). I think the bailouts are a bad thing, so they will try to discredit me at every turn.

Notice how davelj didn’t try to explain the article himself, he just pointed out where I was wrong. These guys aren’t here to help. They are here to drum up support for the bailouts.

If you want to learn more about the bailout issues, I recommend you read Zero Hedge, Naked Capitalism, and Option Armegeddon. There’s lots of good stuff on those blogs.

By the way, in my layman’s opinion, the other interpretation of the above article is that the author believes at some point there will be a massive stampede out of the dollar.

Edit:And regardless of whether you agree with the author’s conclusion, you got to hand it to him for taking the time to put together a very good overview of the bailouts.

[TheBreeze]

[quote=jpinpb]Ok, guys. I know I’m missing something here. Why are you giving Breeze such a hard time. He’s posted some interesting articles. [/quote]

I don’t know if you’ve noticed, but davelj (bankster), FLU (currently on disability but has family in investment banking), and Allan (business owner) never really venture out of their respective comfort zones. They just sit back and wait for me to make mistakes. Of course I’m going to make a lot of mistakes because I don’t have a background in finance, but I’d still like to know how I’m getting screwed by all the bailouts so that I can at least try to do something about it.

FLU, Allan, and davelj think the bailouts are a good thing (FLU’s family is a direct beneficiary, Dave’s bank may benefit because if there is a fire sale of assets, his bank may have to mark down their assets). I think the bailouts are a bad thing, so they will try to discredit me at every turn.

Notice how davelj didn’t try to explain the article himself, he just pointed out where I was wrong. These guys aren’t here to help. They are here to drum up support for the bailouts.

If you want to learn more about the bailout issues, I recommend you read Zero Hedge, Naked Capitalism, and Option Armegeddon. There’s lots of good stuff on those blogs.

By the way, in my layman’s opinion, the other interpretation of the above article is that the author believes at some point there will be a massive stampede out of the dollar.

Edit:And regardless of whether you agree with the author’s conclusion, you got to hand it to him for taking the time to put together a very good overview of the bailouts.

[TheBreeze]

[quote=jpinpb]Ok, guys. I know I’m missing something here. Why are you giving Breeze such a hard time. He’s posted some interesting articles. [/quote]

I don’t know if you’ve noticed, but davelj (bankster), FLU (currently on disability but has family in investment banking), and Allan (business owner) never really venture out of their respective comfort zones. They just sit back and wait for me to make mistakes. Of course I’m going to make a lot of mistakes because I don’t have a background in finance, but I’d still like to know how I’m getting screwed by all the bailouts so that I can at least try to do something about it.

FLU, Allan, and davelj think the bailouts are a good thing (FLU’s family is a direct beneficiary, Dave’s bank may benefit because if there is a fire sale of assets, his bank may have to mark down their assets). I think the bailouts are a bad thing, so they will try to discredit me at every turn.

Notice how davelj didn’t try to explain the article himself, he just pointed out where I was wrong. These guys aren’t here to help. They are here to drum up support for the bailouts.

If you want to learn more about the bailout issues, I recommend you read Zero Hedge, Naked Capitalism, and Option Armegeddon. There’s lots of good stuff on those blogs.

By the way, in my layman’s opinion, the other interpretation of the above article is that the author believes at some point there will be a massive stampede out of the dollar.

Edit:And regardless of whether you agree with the author’s conclusion, you got to hand it to him for taking the time to put together a very good overview of the bailouts.

[TheBreeze]

[quote=jpinpb]Ok, guys. I know I’m missing something here. Why are you giving Breeze such a hard time. He’s posted some interesting articles. [/quote]

I don’t know if you’ve noticed, but davelj (bankster), FLU (currently on disability but has family in investment banking), and Allan (business owner) never really venture out of their respective comfort zones. They just sit back and wait for me to make mistakes. Of course I’m going to make a lot of mistakes because I don’t have a background in finance, but I’d still like to know how I’m getting screwed by all the bailouts so that I can at least try to do something about it.

FLU, Allan, and davelj think the bailouts are a good thing (FLU’s family is a direct beneficiary, Dave’s bank may benefit because if there is a fire sale of assets, his bank may have to mark down their assets). I think the bailouts are a bad thing, so they will try to discredit me at every turn.

Notice how davelj didn’t try to explain the article himself, he just pointed out where I was wrong. These guys aren’t here to help. They are here to drum up support for the bailouts.

If you want to learn more about the bailout issues, I recommend you read Zero Hedge, Naked Capitalism, and Option Armegeddon. There’s lots of good stuff on those blogs.

By the way, in my layman’s opinion, the other interpretation of the above article is that the author believes at some point there will be a massive stampede out of the dollar.

Edit:And regardless of whether you agree with the author’s conclusion, you got to hand it to him for taking the time to put together a very good overview of the bailouts.

[Author]

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