[lniles]

I don’t fully understand how what the Fed did will help in the long term. Over two days they shifted something like $70B into reserves and opened the “discount window” (I’m assuming this is what Cramer was famously ranting they should do). From what I understand, this “discount window” is to provide discounted loans to banks and investment funds who are so low on cash they cannot survive. How will taking out another loan save them? Don’t they still have to pay it back eventually? What are the terms of these discount loans they get? Isn’t loaning them money risky? Doesn’t it just perpetuate this false economic plateau? Isn’t this what we’d call “throwing good money after bad?”

I smell a rat. I feel like the Fed is giving our tax money to bank execs who will probably default and declare bankruptcy eventually, thus not having to pay the loans back. Is this possible?

[lniles]

I don’t fully understand how what the Fed did will help in the long term. Over two days they shifted something like $70B into reserves and opened the “discount window” (I’m assuming this is what Cramer was famously ranting they should do). From what I understand, this “discount window” is to provide discounted loans to banks and investment funds who are so low on cash they cannot survive. How will taking out another loan save them? Don’t they still have to pay it back eventually? What are the terms of these discount loans they get? Isn’t loaning them money risky? Doesn’t it just perpetuate this false economic plateau? Isn’t this what we’d call “throwing good money after bad?”

I smell a rat. I feel like the Fed is giving our tax money to bank execs who will probably default and declare bankruptcy eventually, thus not having to pay the loans back. Is this possible?

[lniles]

I don’t fully understand how what the Fed did will help in the long term. Over two days they shifted something like $70B into reserves and opened the “discount window” (I’m assuming this is what Cramer was famously ranting they should do). From what I understand, this “discount window” is to provide discounted loans to banks and investment funds who are so low on cash they cannot survive. How will taking out another loan save them? Don’t they still have to pay it back eventually? What are the terms of these discount loans they get? Isn’t loaning them money risky? Doesn’t it just perpetuate this false economic plateau? Isn’t this what we’d call “throwing good money after bad?”

I smell a rat. I feel like the Fed is giving our tax money to bank execs who will probably default and declare bankruptcy eventually, thus not having to pay the loans back. Is this possible?

[lniles]

Hi Pasadena Broker,

Just curious, how did it get tougher? I would assume that now all loans are full-doc and involve a lot more investigation of credit history, income-to-debt ratios, and assets. If I were the lender I would definitely require these checks in a time when housing prices are going down. It just makes good business sense.

[lniles]

Hi Pasadena Broker,

Just curious, how did it get tougher? I would assume that now all loans are full-doc and involve a lot more investigation of credit history, income-to-debt ratios, and assets. If I were the lender I would definitely require these checks in a time when housing prices are going down. It just makes good business sense.

[lniles]

Hi Pasadena Broker,

Just curious, how did it get tougher? I would assume that now all loans are full-doc and involve a lot more investigation of credit history, income-to-debt ratios, and assets. If I were the lender I would definitely require these checks in a time when housing prices are going down. It just makes good business sense.

[lniles]

Pasadena broker, you have an interesting stance. Compassion for people who screw up not only their finances but the entire economy, and righteous condescension against those who don’t like getting screwed.

I guess I kinda liked Darth Vader in the Star Wars movies. Still, I wanna see Dina and all her kind get whacked. Feeling pity for them is like saying it’s not their fault. This whole darn housing charade was dominated by reckless buyers like her. Everyone here probably knows someone or has neighbors in her situation, seeing their faces or hearing their voices doesn’t change a thing. They need to be scolded so it won’t happen again.

Call it gloating, call it schadenfreude. I see it as retribution.

[lniles]

Pasadena broker, you have an interesting stance. Compassion for people who screw up not only their finances but the entire economy, and righteous condescension against those who don’t like getting screwed.

I guess I kinda liked Darth Vader in the Star Wars movies. Still, I wanna see Dina and all her kind get whacked. Feeling pity for them is like saying it’s not their fault. This whole darn housing charade was dominated by reckless buyers like her. Everyone here probably knows someone or has neighbors in her situation, seeing their faces or hearing their voices doesn’t change a thing. They need to be scolded so it won’t happen again.

Call it gloating, call it schadenfreude. I see it as retribution.

[lniles]

Pasadena broker, you have an interesting stance. Compassion for people who screw up not only their finances but the entire economy, and righteous condescension against those who don’t like getting screwed.

I guess I kinda liked Darth Vader in the Star Wars movies. Still, I wanna see Dina and all her kind get whacked. Feeling pity for them is like saying it’s not their fault. This whole darn housing charade was dominated by reckless buyers like her. Everyone here probably knows someone or has neighbors in her situation, seeing their faces or hearing their voices doesn’t change a thing. They need to be scolded so it won’t happen again.

Call it gloating, call it schadenfreude. I see it as retribution.

[lniles]

I’ve never seen Glengary/GlenRoss but heard it’s great. I’ll add it to my queue. Thanks!

[lniles]

I’ve never seen Glengary/GlenRoss but heard it’s great. I’ll add it to my queue. Thanks!

[lniles]

I’ve never seen Glengary/GlenRoss but heard it’s great. I’ll add it to my queue. Thanks!

[lniles]

Right on, cyphire. I agree completely.

[lniles]

Right on, cyphire. I agree completely.

[lniles]

Right on, cyphire. I agree completely.

[Author]

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