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| Home Front Economy |
| Sub-prime collapse 'beyond the US Federal Reserve' |
| 2008-03-17 |
| Posted by:tipper |
| #8 The media is in such an all fired hurry to create something bad during the Bush Administration that they are prepared to ruin their own parent's savings to do it. Word. Brian F. Williams / NBC raises "crisis of confidence" while he does his best to undermine same. |
| Posted by: KBK 2008-03-17 22:36 |
| #7 "Keep dicking with it, and you will drag it out for decades." Exactly. And stories like the one linked to here only serve to scare people and CAUSE the very kind of thing to happen that they are afraid of. The media is in such an all fired hurry to create something bad during the Bush Administration that they are prepared to ruin their own parent's savings to do it. What a bunch of idiots. |
| Posted by: Whusoting Untervehr7825 2008-03-17 21:39 |
| #6 Geeze guys. Let the market correct for the over inflated prices. It will recover fairly quickly (1-2 years) on its own. Keep dicking with it, and you will drag it out for decades. |
| Posted by: DarthVader 2008-03-17 21:14 |
| #5 It's a real estate bubble and it will finally burst when there is real fear of owning real estate because its price will decline into the foreseeable future. We are a long way from that. |
| Posted by: phil_b 2008-03-17 20:41 |
| #4 I love unbridled fear. It's a sign the fever is ready to break. |
| Posted by: Nimble Spemble 2008-03-17 20:32 |
| #3 It's not just subprime. Alt-A backed securities have already been hit, and prime will be too eventually. |
| Posted by: Iblis 2008-03-17 19:48 |
| #2 I wouldn't call the BSC deal a bail out of anybody except the depositors. |
| Posted by: Nimble Spemble 2008-03-17 17:59 |
| #1 She said the US central bank had already extended support of about $US400 billion ($426 billion) to the US financial system, compared with its assets of $US800 billion. She said financial system losses yet to be reported could easily exceed another $US400 billion. "What is missing at the moment is the US Treasury," she said. But Treasury Secretary Hank Paulson has already declared his hostility to federal measures to help the sinking financial sector. "Let me be clear: I oppose any bail-out," he said in a speech 10 days ago. "Most of the proposals I've seen would do more harm than good - bailing out investors, lenders or speculators who, instead of getting a free pass, should be accountable for the risks they took," he said." ditto |
| Posted by: www 2008-03-17 17:46 |