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| U.S. Economy: Confidence Remains Near 15-Month High |
| 2006-11-23 |
| Posted by:.com |
| #8 "Federal bank of the USA" - C2C.am > various authors-analysts on KENNEDY ASSASSINATION CONSPIRACY > for one, JFK was killed by the Mafia becuz he wanted the Fed Govt. NOT the Federal Reserve Banks [private banks], to handle the manufacture + distribution of US Notes. + go back to standars of REAL MONEY/REAL-VALUE CURRENCY, NOT SURREAL OR NOMINAL CURRENCY. Other - JFK was killed by the Mafia becuz he was planning a December 1663 "PALACE COUP" using Castro's own insiders + including direct US military assistance which could had sparked a US-Soviet World War. Mafia was angry becuz, besides the JFK-RFK mob persecutions, they were excluded from getting back into post-Castro Cuba by the Kennedys, a Mafia family. |
| Posted by: JosephMendiola 2006-11-23 21:42 |
| #7 Federal Bank of the United States WTF? Lemme outta this box! |
| Posted by: A Jackson 2006-11-23 16:45 |
| #6 The housing market was fine in the '80s too. It was just the banks that needed the bail out. The S & L crisis was a lot more complex than just a few crooks just as the oil crisis is a lot more complex than Enron. But these problems always get bigger than they should and take longer to fix because of the interference by the government to protect the crooks who are paying off their representatives with money to buy advertising for campaign ads for idiots. |
| Posted by: Nimble Spemble 2006-11-23 11:22 |
| #5 P2k, the federal prosecutors sent more than a few dirty S&L execs to Club Fed. They certainly did here in Chicago. The housing market is going to be fine. Dubya is going to approve an immigration and amnesty bill, and 100 million new Americans have to live in something. |
| Posted by: Steve White 2006-11-23 10:16 |
| #4 Yep, anyone remember the ‘Savings and Loan’ bail out in the 80s? It was one of the big mistakes that Ronnie made. They were largely state chartered outfits that were not FDIC’d. However, in the end the federal government ended up taking them over and then liquidating them at extreme discount to the usual bank suspects. The banks got the assets and the US Treasury got the debt. IIRC about a half a trillion dollars of debt, at 80s valuation. The banks held on to the property and, as always, when the economy rebound, they made a mint off of it. We, the people, were left holding the ‘bag’ for generations. Next time around it would be nice to have a Plan™ in place. I would prefer a charter for the Federal Bank of the United States to absorb all the banks that go under, rather than give another massive gift to the same people who’ve set up this over extended, over priced housing speculation situation. It has the potential to become the largest and therefore most influential bank in the country. Then use the assets of the bank to put pressure on the banking markets through services much like the Federal Reserve pressures the market through currency distribution. Want to charge 18% interest when prime is 6%, think again pencil pusher. |
| Posted by: Procopius2k 2006-11-23 10:00 |
| #3 The danger is to the banks that have lent too much to sub prime lenders on teaser rates. Lot's of leverage all around that could threaten the capital adequacy of lots of banks at just the wrong time. |
| Posted by: Dark Rocks in Pelosistan 2006-11-23 08:59 |
| #2 Hope you are wrong BPinB. I figure since the vast majority of US housing stocks are held long term it will temper the short-term |
| Posted by: Shipman 2006-11-23 08:40 |
| #1 I think the house-price problems (i.e. highly geared debt on falling assets) might turn this and spread to Blairistan. |
| Posted by: Bright Pebbles in Blairistan 2006-11-23 06:23 |