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Minneapolis Fed Paper: All Reasons for Bailout Proven False!
Minneapolis Federal Reserve Bank ^
| October 2008
| V.V. Chari, Lawrence Christiano, and Partick J. Kehoe
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 ...
TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: bankinglist; financelist; lp; moneylist
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The aptly sub-titled "Working Paper 666."
To: Thane_Banquo
2
posted on
10/22/2008 8:18:43 AM PDT
by
VlPu
To: VlPu
You’re comparing the Minneapolis Fed to the conspiracy cooks? I’m not sure I follow.
3
posted on
10/22/2008 8:19:54 AM PDT
by
Thane_Banquo
(I'm not against 0bama because he's black. I'm against 0bama because he's red.)
To: Thane_Banquo
“Working Paper 666.”
It sure isn’t of the Lord according to His Eighth Commandment: THOU SHALT NOT STEAL.
4
posted on
10/22/2008 8:22:17 AM PDT
by
444Flyer
(Marriage=1 man+1 woman! Vote "YES" on Prop 8, amend the Calif. State Constitution this November.)
To: Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; Allerious; ...
5
posted on
10/22/2008 8:27:34 AM PDT
by
bamahead
(Few men desire liberty; most men wish only for a just master. -- Sallust)
To: bamahead
6
posted on
10/22/2008 8:28:59 AM PDT
by
murphE
("It is terrible to contemplate how few politicians are hanged." - GK Chesterton)
To: Thane_Banquo
7
posted on
10/22/2008 8:30:29 AM PDT
by
VlPu
To: Thane_Banquo
Bump for Firing Paulson and Bernanke!
8
posted on
10/22/2008 8:32:06 AM PDT
by
Uncle Miltie
(Bushonomics: Privatize Gains, Socialize Losses......."PAULSON'S THEFT")
Comment #9 Removed by Moderator
To: rabscuttle385
Financial markets ping.
Also, quick bragging rights that it’s my local Fed Reserve that’s blowing the whistle.
To: Thane_Banquo
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??
To: Thane_Banquo
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.
12
posted on
10/22/2008 8:35:46 AM PDT
by
DannyTN
(`)
To: Uncle Miltie
Bump for Firing Paulson and Bernanke! Firing?
Why so harsh?
What's wrong with a good old fashioned flaying in a jail full of rats?
13
posted on
10/22/2008 8:36:55 AM PDT
by
Carry_Okie
(If Barack Obama is Vladamir Lenin, Bill Ayers is Leon Trotsky.)
To: mn-bush-man
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.
14
posted on
10/22/2008 8:37:30 AM PDT
by
Thane_Banquo
(I'm not against 0bama because he's black. I'm against 0bama because he's red.)
To: jrolfedrev
Save a copy of this to disk. Distribute widely.
To: Uncle Miltie
Bump for Firing arresting Paulson and Bernanke.
16
posted on
10/22/2008 8:44:22 AM PDT
by
Chaguito
To: mn-bush-man
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.
17
posted on
10/22/2008 8:46:06 AM PDT
by
Grumpybutt
(Poor planning on your part does not necessitate an emergency on my part.)
To: Thane_Banquo
Sure glad our leaders didn’t have a knee jerk reaction to this “crisis”. I feel so much better.
18
posted on
10/22/2008 8:53:37 AM PDT
by
unixfox
(The 13th Amendment Abolished Slavery, The 16th Amendment Reinstated It !)
To: PAR35; TigerLikesRooster; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; ...
|
The Money, Banking, and Financial Markets Ping List. "Money, not morality, is the principle commerce of civilized nations." Thomas Jefferson FR Keywords: moneylist, bankinglist, financelist Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. Ping list jointly pinged by rabscuttle385 and TigerLikesRooster. To join the ping list: FReepmail rabscuttle385 with the subject line add moneylist. (Stop getting pings by sending the subject line drop moneylist.) |
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To: ex-Texan
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