Pros and Cons of saving Bear Sterns

[donaldduckmoore]

I am afraid that continuing throwing money to save this bank and others will eventually bleed the reserve for something really emergency in the future. Besides, if the fed will not be able to save it, it tells others that this is all the fed and the country have to save the world. By then, we will have more confidence problem. This is very risky.

[zzz]

donaldduckmoore – you should Google Great Depression and read about how many of those same issues facing that period of time, debt, contraction of money, are facing our economy and the Fed now. If the Fed did nothing and a massive banking failure occurred, resulting in our own Great Depression, would we blame the Fed? I’m not advocating Fed involvement or simply allowing the “free market” to exist as is. I have no debt so personally didn’t contribute to this nightmare, but since this mess was created – and it must be unwound, I’d prefer it happen without bringing the banking system to its knees.

I think its a naive to believe that only the rich bastards will suffer if Bear and the rest of Wall st, mortgage brokers etc eat shit if a bank fails. We too will be eating shit along with them. Shit rolls downhill.

[zzz]

donaldduckmoore – you should Google Great Depression and read about how many of those same issues facing that period of time, debt, contraction of money, are facing our economy and the Fed now. If the Fed did nothing and a massive banking failure occurred, resulting in our own Great Depression, would we blame the Fed? I’m not advocating Fed involvement or simply allowing the “free market” to exist as is. I have no debt so personally didn’t contribute to this nightmare, but since this mess was created – and it must be unwound, I’d prefer it happen without bringing the banking system to its knees.

I think its a naive to believe that only the rich bastards will suffer if Bear and the rest of Wall st, mortgage brokers etc eat shit if a bank fails. We too will be eating shit along with them. Shit rolls downhill.

[zzz]

donaldduckmoore – you should Google Great Depression and read about how many of those same issues facing that period of time, debt, contraction of money, are facing our economy and the Fed now. If the Fed did nothing and a massive banking failure occurred, resulting in our own Great Depression, would we blame the Fed? I’m not advocating Fed involvement or simply allowing the “free market” to exist as is. I have no debt so personally didn’t contribute to this nightmare, but since this mess was created – and it must be unwound, I’d prefer it happen without bringing the banking system to its knees.

I think its a naive to believe that only the rich bastards will suffer if Bear and the rest of Wall st, mortgage brokers etc eat shit if a bank fails. We too will be eating shit along with them. Shit rolls downhill.

[zzz]

donaldduckmoore – you should Google Great Depression and read about how many of those same issues facing that period of time, debt, contraction of money, are facing our economy and the Fed now. If the Fed did nothing and a massive banking failure occurred, resulting in our own Great Depression, would we blame the Fed? I’m not advocating Fed involvement or simply allowing the “free market” to exist as is. I have no debt so personally didn’t contribute to this nightmare, but since this mess was created – and it must be unwound, I’d prefer it happen without bringing the banking system to its knees.

I think its a naive to believe that only the rich bastards will suffer if Bear and the rest of Wall st, mortgage brokers etc eat shit if a bank fails. We too will be eating shit along with them. Shit rolls downhill.

[zzz]

donaldduckmoore – you should Google Great Depression and read about how many of those same issues facing that period of time, debt, contraction of money, are facing our economy and the Fed now. If the Fed did nothing and a massive banking failure occurred, resulting in our own Great Depression, would we blame the Fed? I’m not advocating Fed involvement or simply allowing the “free market” to exist as is. I have no debt so personally didn’t contribute to this nightmare, but since this mess was created – and it must be unwound, I’d prefer it happen without bringing the banking system to its knees.

I think its a naive to believe that only the rich bastards will suffer if Bear and the rest of Wall st, mortgage brokers etc eat shit if a bank fails. We too will be eating shit along with them. Shit rolls downhill.

[Ex-SD]

The management technique that the government is using to attack this problem is called “situational management ethics” and it’s just plain WRONG. You can’t effectively manage any company successively using situational ethics and the government is no different.

Golfgal: We’re already eating shit with the government printing funny money and devaluing our currency. I don’t give a rat’s ass if the Wall Street boys and the big investors take a huge haircut because I’m getting mine already. They made trillions from this fantasy investment scheme and now they need a whack in the head with a 2X4. The country will survive without government intervention but there needs to be some pain and some consequences. At this point, the economy is out of the control of anyone to quick fix it.

[Ex-SD]

The management technique that the government is using to attack this problem is called “situational management ethics” and it’s just plain WRONG. You can’t effectively manage any company successively using situational ethics and the government is no different.

Golfgal: We’re already eating shit with the government printing funny money and devaluing our currency. I don’t give a rat’s ass if the Wall Street boys and the big investors take a huge haircut because I’m getting mine already. They made trillions from this fantasy investment scheme and now they need a whack in the head with a 2X4. The country will survive without government intervention but there needs to be some pain and some consequences. At this point, the economy is out of the control of anyone to quick fix it.

[Ex-SD]

The management technique that the government is using to attack this problem is called “situational management ethics” and it’s just plain WRONG. You can’t effectively manage any company successively using situational ethics and the government is no different.

Golfgal: We’re already eating shit with the government printing funny money and devaluing our currency. I don’t give a rat’s ass if the Wall Street boys and the big investors take a huge haircut because I’m getting mine already. They made trillions from this fantasy investment scheme and now they need a whack in the head with a 2X4. The country will survive without government intervention but there needs to be some pain and some consequences. At this point, the economy is out of the control of anyone to quick fix it.

[Ex-SD]

The management technique that the government is using to attack this problem is called “situational management ethics” and it’s just plain WRONG. You can’t effectively manage any company successively using situational ethics and the government is no different.

Golfgal: We’re already eating shit with the government printing funny money and devaluing our currency. I don’t give a rat’s ass if the Wall Street boys and the big investors take a huge haircut because I’m getting mine already. They made trillions from this fantasy investment scheme and now they need a whack in the head with a 2X4. The country will survive without government intervention but there needs to be some pain and some consequences. At this point, the economy is out of the control of anyone to quick fix it.

[Ex-SD]

The management technique that the government is using to attack this problem is called “situational management ethics” and it’s just plain WRONG. You can’t effectively manage any company successively using situational ethics and the government is no different.

Golfgal: We’re already eating shit with the government printing funny money and devaluing our currency. I don’t give a rat’s ass if the Wall Street boys and the big investors take a huge haircut because I’m getting mine already. They made trillions from this fantasy investment scheme and now they need a whack in the head with a 2X4. The country will survive without government intervention but there needs to be some pain and some consequences. At this point, the economy is out of the control of anyone to quick fix it.

[svelte]

I agree with you 100% golf gal. The action taken by the govt this week is the lesser of two evils.

We’re at this juncture, now we have to deal with it. The actions may not work perfectly, but it certainly beats everyone sitting on their hands watching ala 1929.

[svelte]

I agree with you 100% golf gal. The action taken by the govt this week is the lesser of two evils.

We’re at this juncture, now we have to deal with it. The actions may not work perfectly, but it certainly beats everyone sitting on their hands watching ala 1929.

[svelte]

I agree with you 100% golf gal. The action taken by the govt this week is the lesser of two evils.

We’re at this juncture, now we have to deal with it. The actions may not work perfectly, but it certainly beats everyone sitting on their hands watching ala 1929.

[svelte]

I agree with you 100% golf gal. The action taken by the govt this week is the lesser of two evils.

We’re at this juncture, now we have to deal with it. The actions may not work perfectly, but it certainly beats everyone sitting on their hands watching ala 1929.

[Author]

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