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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

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To: Thane_Banquo

The wild shifts happened after the bailout passed; the story was that they had already plunged never to recover without massive government infusions of cash; now we’re in a period of stasis on most measures after huge infusions and the market is still on its roller coaster ride, scattering hedge fund short sellers and speculators as it goes; meanwhile where did all the new money go?

And from today’s news:

“NEW YORK (MarketWatch) — Tracinda Corp., the holding company for billionaire investor Kirk Kerkorian, on Tuesday disclosed that it sold 7.3 million shares of Ford (F:Ford Motor Company

Last: 2.10-0.07-3.23%

12:18pm 10/22/2008

F 2.10, -0.07, -3.2%)

on Oct. 20 at an average price of $2.43 a share for proceeds of about $17.7 million.


21 posted on 10/22/2008 9:22:20 AM PDT by Old Professer (The critic writes with rapier pen, dips it twice, then writes again.)
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To: Thane_Banquo

“NEW YORK (MarketWatch) — Tracinda Corp., the holding company for billionaire investor Kirk Kerkorian, on Tuesday disclosed that it sold 7.3 million shares of Ford (F:Ford Motor Company

Last: 2.10-0.07-3.23%

12:18pm 10/22/2008

F 2.10, -0.07, -3.2%)

on Oct. 20 at an average price of $2.43 a share for proceeds of about $17.7 million.

Oh yes, Tracinda said that they are looking to dump the remaining 155,000,000 shares and invest it elsewhere.

GM caught a lot of consumer flack a few years back for secretly slipping in the 350 “Corporate engine” to replace the venerable Buick, Oldsmobile and Pontiac ones; if Ford goes under and GM and Chrysler merge what will we get, the Cerberus Corporate Car?

GM stock currently at $6.30.


22 posted on 10/22/2008 9:32:22 AM PDT by Old Professer (The critic writes with rapier pen, dips it twice, then writes again.)
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To: Thane_Banquo
I'm watching an Overnight Index Swap (OIS) value of 1.04 - and they're telling me that banks are lending to each other?

They're full of it.

23 posted on 10/22/2008 9:36:58 AM PDT by politicket (Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
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To: Thane_Banquo
It's not the Money or the Credit -- it's the TRU$T !! !!
24 posted on 10/22/2008 10:21:49 AM PDT by brityank (The more I learn about the Constitution, the more I realise this Government is UNconstitutional !!)
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To: Thane_Banquo

Good post thanks.


25 posted on 10/22/2008 10:59:40 AM PDT by pointsal
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To: Thane_Banquo

WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH


26 posted on 10/22/2008 11:08:00 AM PDT by griffin (Really unintelligent people try to fix socialism with more socialism)
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To: Thane_Banquo

Comrades!’ he cried. ‘You do not imagine, I hope, that we pigs are doing
this in a spirit of selfishness and privilege? Many of us actually dislike milk
and apples. I dislike them myself. Our sole object in taking these things is
to preserve our health. Milk and apples (this has been proved by Science,
comrades) contain substances absolutely necessary to the well-being of a pig.
We pigs are brainworkers. The whole management and organisation of this farm
depend on us.

Day and night we are watching over your welfare. It is for your
sake that we drink that milk and eat those apples. Do you know what would
happen if we pigs failed in our duty? Jones would come back! Yes, Jones would
come back! Surely, comrades,’ cried Squealer almost pleadingly, skipping from
side to side and whisking his tail, ‘surely there is no one among you who wants
to see Jones come back?’

-George Orwell
Animal Farm


27 posted on 10/22/2008 11:16:29 AM PDT by griffin (Really unintelligent people try to fix socialism with more socialism)
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To: Thane_Banquo
Well, OK, the data seem to show that the stated causes/effects of the current difficulty are false. It is a useful entry into the debate.

What would be more useful, would be for these authors to suggest what are the true causes/effects -- because something is surely wrong.

28 posted on 10/22/2008 11:20:13 AM PDT by r9etb
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To: VlPu

1.Abolition of the Monarchy and all ordered government.
2.Abolition of private property.
3.Abolition of inheritance.
4.Abolition of patriotism.
5.Abolition of the family, through the abolition of marriage, all morality, and the institution of communal education for children.
6.Abolition of all religion.

The purposes of these six points were to divide the people politically, socially, and economically; to weaken countries and create a one-world government. They testified that “all religion, all love of country and loyalty to sovereigns, were to be annihilated...”

From the trial of an Illuminati group in 1795.

They never stopped trying. With either Presidential candidate, they’ll be one step closer.


29 posted on 10/22/2008 11:55:42 AM PDT by wolfcreek (I see miles and miles of Texas....let's keep it that way.)
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To: DannyTN
but commercial paper by financial institutions has nose-dived.

Yes, and this is a good thing. Just as sub-prime borrowers are having trouble borrowing, so should the banks that paid themselves 50% of net revenues as salary and bonus, and then levered up on sub-prime debt. That nobody wants to lend to them is precisely a sign that the credit markets are working just fine.

30 posted on 10/22/2008 12:55:12 PM PDT by Ron Jeremy (sonic)
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To: Thane_Banquo
“At least based on data up until October 8, 2008, we argue that all four claims are false.”

And yet the shills were all here claiming there would be bread lines and there would be no baby formula blah blah blah.

I hope these posters issue apologies for the histronics that helped push this wasteful bailout through.

31 posted on 10/22/2008 2:48:59 PM PDT by TrevorSnowsrap
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To: Thane_Banquo

bookmark


32 posted on 10/22/2008 2:54:22 PM PDT by groanup (The Clintons and the Obamas are two reasons IDIOTS should not be allowed to vote.)
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To: wolfcreek
From the trial of an Illuminati group in 1795.

What country? There has only been ONE documented established member of the bavarian illuminati here in America.

You get a free Obama yardsign if you guess who it was! (google won't help!)

33 posted on 10/22/2008 3:40:12 PM PDT by slnk_rules
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To: Uncle Miltie

And defeating Obambi, whose friends induced this fraud upon the nation to enact their socialist agenda.

Socialism always leads to communism


34 posted on 10/22/2008 4:51:06 PM PDT by rlferny
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To: slnk_rules

Pardon, it was actually 1785 in Bavaria.

Was it Thomas Jefferson? (or Franklin or Hamilton?)

(I only want the Obama sign if it can get me a free pizza)


35 posted on 10/23/2008 4:35:12 AM PDT by wolfcreek (I see miles and miles of Texas....let's keep it that way.)
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To: wolfcreek

I did not think it was USA because it mentions the monarchy.

Actually, the only documented member of the B. Illuminati was Ben Franklin, and the only reason we know that is one of his couriers was struck by lightning and killed, and they found the correspondence in his satchel.

I am in a quandary. Should I pay you your Obama sign, or should I stick to my guns and say you did’t REALLY win it because you cheated and tried to slip three guesses past me and one of them was correct?

If you insist, I will go out and steal a sign from the local democrat party hq and send it to you. The ethics of this is killing me!


36 posted on 10/23/2008 6:54:50 AM PDT by slnk_rules
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To: slnk_rules

Don’t worry about the sign. You WIll be labeled a RACIST if you even think about snatching one. LOL’

Here’s a link to the info. I thought this site was a really interesting look into the Illuminati and their quest for control of the world.

http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=FinalWarn01-3


37 posted on 10/23/2008 12:11:39 PM PDT by wolfcreek (I see miles and miles of Texas....let's keep it that way.)
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To: DannyTN; All

“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.”

But the Berneke, Paulson, Obama, media story-line is that “the crisis” spread from the bad real estate assets/loans (never a majority of all mortgages outstanding) to “financial banks” to “retail banking” and “main street”, saying that banks couldn’t/weren’t lending to each other - but they were at exactly when those comments were first made, and that non-financial institutions and consumers were unable to get loans/financing. But the data says differently.

If Reagan were running for President, now, and got a copy of this paper, he’d have a press conference, demand a speedy (24 hour) answer from Berneke, and, if that answer was not satisfactory, demand that Bush ask Berneke and Paulson to resign, immediately.

Is someone lurking here for John McCain??????? They should be!!!!!!!!!!!!!!!!!!!!


38 posted on 10/23/2008 6:04:33 PM PDT by Wuli
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