Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: AndyJackson
I don't see how this helps anyone beside some banks that are about to go down.

If the Banks go down, there will be a volume contraction of
Biblical Proportions in the availability of money...
Businesses can't borrow
Financial markets cannot transact
There would be an enormous loss of the multiplication factor.

You really do no want the financial markets to crash
12 posted on 01/22/2008 6:49:59 AM PST by HangnJudge
[ Post Reply | Private Reply | To 9 | View Replies ]


To: HangnJudge
You really do no want the financial markets to crash

That is an interest question, actually. What I want is for this country to face its structural problems. High flying finance has allowed the system to go on for far to long. No of course I don't literally want to see a collapse of our financial institutions, but one structural issue that has to be fixed is the kleptocracy of elites that take a major fraction of the wealth and leave the debts to the rest of the country. There are couple of real entrepreneurs, but most of these guys are cogs in a machine and not worth a gazillion times more than his best enigineers or production floor managers. I could go on and on, but I won't.

Furthermore, how does a .75pct rate cut and some quip plunge protection team action address the structural problems. They just reward them.

13 posted on 01/22/2008 7:04:39 AM PST by AndyJackson
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson