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Posted on 10/22/2008 8:15:36 AM PDT by Thane_Banquo
The financial press and policymakers have made four claims about the nature of the crisis.
1. Bank lending to non-financial corporations and individuals has declined sharply.
2. Interbank lending is essentially nonexistent.
3. Commercial paper issuance by non-financial corporations has declined sharply and rates have risen to unprecedented levels.
4. Banks play a large role in channeling funds from savers to borrowers.
Here we examine these claims using data from the Federal Reserve Board. At least based on data up until October 8, 2008, we argue that all four claims are false.
(Excerpt) Read more at minneapolisfed.org ...
“All Reasons ... Proven False”
http://www.google.com/search?hl=en&q=%22endless+deception%22
You’re comparing the Minneapolis Fed to the conspiracy cooks? I’m not sure I follow.
“Working Paper 666.”
It sure isn’t of the Lord according to His Eighth Commandment: THOU SHALT NOT STEAL.
Just shocking. /s
That means that you did NOT get the Obama script.
http://www.google.com/search?hl=en&q=%22Messiah+Barack+Hussein+Obama+II%22
Bump for Firing Paulson and Bernanke!
Financial markets ping.
Also, quick bragging rights that it’s my local Fed Reserve that’s blowing the whistle.
I’ve read the article and looked at the graphs. What are the conclusions, then, aside from the myths that are apparently debunked by the authors? What’s really going on? Pure manipulation, perhaps??
The paper starts out by admitting there is a crisis.
If you look at chart on page 15, commercial paper by non-financial institutions hasn’t fallen significantly, but commercial paper by financial institutions has nose-dived.
Firing?
Why so harsh?
What's wrong with a good old fashioned flaying in a jail full of rats?
What I think is really happening is simple: Paulson intends to go back to Wall Street after he resigns. He will take over some firm as CEO. He wants to take mortgage securities that are marked at 25 cents on the dollar, and sell them to his buddy in the Treasury for 75-80 cents on the dollar. At the end of 2009, Paulson gets a $50 million bonus. It’s quite simple really.
Save a copy of this to disk. Distribute widely.
I seem to recall a few months ago a quote from Bill Clinton - something about needing to slow down our economy..?? Guess he got his wish.
Sure glad our leaders didn’t have a knee jerk reaction to this “crisis”. I feel so much better.
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