TARP Supporters suck on this...

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Down another 300 today, Dow just over 6700. Good thing we saved the economy with these bailouts!
 
No one said it was going to immediately save the economy.

These kinds of posts are so absurd. Seriously...can you imagine if the banking system has completely collapsed?

I'll bump this during the summer recovery....
 
Onceler said:
No one said it was going to immediately save the economy.

These kinds of posts are so absurd. Seriously...can you imagine if the banking system has completely collapsed?

I'll bump this during the summer recovery....
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Is every bank in trouble? And Obama was the one who made it sound so urgent to pass his financial rescue plan quickly, he certainly left all with the impression it was needed now to stop the bleeding.

Face it, if I am investor looking to invest in US markets, do I really care if Joe Homeowner gets to keep his house for a little longer instead of having to move into an apartment?
 
KingCondanomation said:
Is every bank in trouble? And Obama was the one who made it sound so urgent to pass his financial rescue plan quickly, he certainly left all with the impression it was needed now to stop the bleeding.

Face it, if I am investor looking to invest in US markets, do I really care if Joe Homeowner gets to keep his house for a little longer instead of having to move into an apartment?
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I don't think you really speak for investors, especially after some of what you have posted on this board.

If you check some of the articles about the market today, one of the main indicators that investors are actually watching for right now is stabilization of the housing market, so, your analysis is a little off.
 
7600 Banks, only 400 got TARP funds and only 16 of those with no TARP are out of buisness.

Summer recovery LOL. DOW goes back to 8500? LOL. Talk about pissing money down the toilet.
 
Obfuscate said:
7600 Banks, only 400 got TARP funds and only 16 of those with no TARP are out of buisness.

Summer recovery LOL. DOW goes back to 8500? LOL. Talk about pissing money down the toilet.
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Yeah the 400 biggest banks I think.

Compare the net worth (prior to meltdown) of those 400 with the remaining banks.
 
TARP = not letting good small banks buy chunks of large shit banks at a good discount so we can liquidate the bad debt and move forward. Tarp = keeping the rich and powerful rich and powerful while whipping out the middle class.
 
So what do we do when we hit 3000? I have a friend who thinks it will be funny if we hit that threshold, but then he hates capitalism, so...
 
Threedee said:
So what do we do when we hit 3000? I have a friend who thinks it will be funny if we hit that threshold, but then he hates capitalism, so...
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dig in for some long hard times.

But then we werre doing fine many years ago when the market was only 3000....
Debt and offshoring are the main issues that get in the way of recovery and no one has addressed that on here.
 
uscitizen said:
dig in for some long hard times.

But then we werre doing fine many years ago when the market was only 3000....
Debt and offshoring are the main issues that get in the way of recovery and no one has addressed that on here.
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I think Asshat has mentioned this a million times on here.
 
SmarterThanYou said:
I think Asshat has mentioned this a million times on here.
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A million times might be an understatement. I still haven't seen (or maybe I've just missed it) how protectionism and less trade/closing off markets is going to be an enhancement to recovery? Tighter trade restrictions will be returned in kind from angry trading partners and how does that help U.S. firms whose goods and services are desired overseas?
 
Trade is no issue, it's been a win win for both sides IE Comparative Advantage.

Bad debt IS a major problem. I don't see how creating more is somehow the solution.
 
I think it's alot more possible the DOW would be 10,000 and the liquidation would be near complete with NO bailouts {Stimulus 1, TARP, relowering the Funds rate to 1% again}. Small smart banks would take over pieces of incompatent ones.
 
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