Stocks hit trifecta; will you hail Obama?

Legionthecat said:
My thoughts are that you will resist the history of what happened no matter how it is presented, because you saw a rhetorical video you want to be true.
Click to expand...

Actually I've read numerous books on the financial crisis, listen to a handful of economic podcasts as well as watching the Fed documentary. My opinion on this subject didn't come from one documentary.

The purpose of a board like this is to have your ideas challenged and I'll read what you have to say. Lay out what these banks did, and feel free to name them, what they couldn't do before because of the repeal. And share how you believe the Fed's easy money policy didn't play a role
 
Last edited:
cawacko said:
Actually I've read numerous books on the financial crisis, listen to a handful of economic podcasts as well as watching the Fed documentary. My opinion on this subject didn't come from one documentary.

The purpose of a board like this is to have your ideas challenged and I'll read what you have to say. Lay out what these banks did, and feel free to name them, what they couldn't do before because of the repeal. And share how you believe the Fed's easy money policy didn't play a role
Click to expand...

Of course the Fed played a role and is partly to blame for the meltdown by providing the cheap money. If all you are doing today is trying to assign blame the Fed has lots of culpability in the 2008 outcome.
That being said all banks that turned their prudent institutions into gambling casinos when the repeal of Glass Steagall allowed them to, are every bit, or more culpable than the Fed alone. They knew they were taking enormous risks and made the conscious decision to go through with it. They could not resist the lure of their own greed.
You do understand what is meant by a perfect storm, don't you?.
 
Legionthecat said:
Of course the Fed played a role and is partly to blame for the meltdown by providing the cheap money. If all you are doing today is trying to assign blame the Fed has lots of culpability in the 2008 outcome.
That being said all banks that turned their prudent institutions into gambling casinos when the repeal of Glass Steagall allowed them to, are every bit, or more culpable than the Fed alone. They knew they were taking enormous risks and made the conscious decision to go through with it. They could not resist the lure of their own greed.
You do understand what is meant by a perfect storm, don't you?.
Click to expand...

For example how did glass Steagal affect what Bear Stearns did? What did they different post removal that they couldn't prior?
 
Seems policies by the federal gobblement are at the heart of every bad economic endeavor.

Maybe the gobblement should stay out? Just a thought.
Canada didn't have these problems
 
If you are interested in continuing the conservation I'd like to hear your opinion on QE and the current Fed easy money policies thT have inflated the stock and housing markets again and what do you think the long term consequences will be
 
You must log in or register to reply here.
Back
Top