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ltokudaParticipant
KIBU, I understand how the fed can move MBS’s off a companies balance sheet. But in Paulson’s testimony, he said that the fed’s purchases of MBS’s would “prime the pump” for the market and attract other investors. That doesn’t seem possible if the fed is paying artificially high prices.
stockstradr, I’ll check out the video as you suggested. I’m a regular reader of Roubini’s blog but it will be interesting to get views from other economists as well.
ltokudaParticipantI’m not sure if I would support my idea of a “bank run” threat. I just threw it out there because it disturbs me that most Americans oppose the bailout yet find themselves powerless to stop it.
My dilemma is that I think a bailout will work if it was done right. I just doubt that the fed will do a good job with that.
ltokudaParticipantI’m not sure if I would support my idea of a “bank run” threat. I just threw it out there because it disturbs me that most Americans oppose the bailout yet find themselves powerless to stop it.
My dilemma is that I think a bailout will work if it was done right. I just doubt that the fed will do a good job with that.
ltokudaParticipantI’m not sure if I would support my idea of a “bank run” threat. I just threw it out there because it disturbs me that most Americans oppose the bailout yet find themselves powerless to stop it.
My dilemma is that I think a bailout will work if it was done right. I just doubt that the fed will do a good job with that.
ltokudaParticipantI’m not sure if I would support my idea of a “bank run” threat. I just threw it out there because it disturbs me that most Americans oppose the bailout yet find themselves powerless to stop it.
My dilemma is that I think a bailout will work if it was done right. I just doubt that the fed will do a good job with that.
ltokudaParticipantI’m not sure if I would support my idea of a “bank run” threat. I just threw it out there because it disturbs me that most Americans oppose the bailout yet find themselves powerless to stop it.
My dilemma is that I think a bailout will work if it was done right. I just doubt that the fed will do a good job with that.
ltokudaParticipantI think a bank run is caused when people believe their bank might be insolvent. A threat by masses of people to pull their money out of their banks simultaneously might cause a bank run. But that’s the power of the idea. The public has lost control of its own tax dollars. The only means it has to combat wall street is to threaten the government with an even worse scenario.
BTW, I would only support a bailout if the tax payers will make money out of the deal. In that case, it would be a win-win for everyone. Otherwise, I would oppose the bailout.
ltokudaParticipantI think a bank run is caused when people believe their bank might be insolvent. A threat by masses of people to pull their money out of their banks simultaneously might cause a bank run. But that’s the power of the idea. The public has lost control of its own tax dollars. The only means it has to combat wall street is to threaten the government with an even worse scenario.
BTW, I would only support a bailout if the tax payers will make money out of the deal. In that case, it would be a win-win for everyone. Otherwise, I would oppose the bailout.
ltokudaParticipantI think a bank run is caused when people believe their bank might be insolvent. A threat by masses of people to pull their money out of their banks simultaneously might cause a bank run. But that’s the power of the idea. The public has lost control of its own tax dollars. The only means it has to combat wall street is to threaten the government with an even worse scenario.
BTW, I would only support a bailout if the tax payers will make money out of the deal. In that case, it would be a win-win for everyone. Otherwise, I would oppose the bailout.
ltokudaParticipantI think a bank run is caused when people believe their bank might be insolvent. A threat by masses of people to pull their money out of their banks simultaneously might cause a bank run. But that’s the power of the idea. The public has lost control of its own tax dollars. The only means it has to combat wall street is to threaten the government with an even worse scenario.
BTW, I would only support a bailout if the tax payers will make money out of the deal. In that case, it would be a win-win for everyone. Otherwise, I would oppose the bailout.
ltokudaParticipantI think a bank run is caused when people believe their bank might be insolvent. A threat by masses of people to pull their money out of their banks simultaneously might cause a bank run. But that’s the power of the idea. The public has lost control of its own tax dollars. The only means it has to combat wall street is to threaten the government with an even worse scenario.
BTW, I would only support a bailout if the tax payers will make money out of the deal. In that case, it would be a win-win for everyone. Otherwise, I would oppose the bailout.
ltokudaParticipantAnother way you could protest is to schedule a national “Pull Your Money Out of Your Bank Day”. Give congress an ultimatum that if the bailout bill passes, you’ll withdraw all your money. If you get enough people to sign up for it, that would be really scary.
ltokudaParticipantAnother way you could protest is to schedule a national “Pull Your Money Out of Your Bank Day”. Give congress an ultimatum that if the bailout bill passes, you’ll withdraw all your money. If you get enough people to sign up for it, that would be really scary.
ltokudaParticipantAnother way you could protest is to schedule a national “Pull Your Money Out of Your Bank Day”. Give congress an ultimatum that if the bailout bill passes, you’ll withdraw all your money. If you get enough people to sign up for it, that would be really scary.
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