re: This is getting silly

Current Events » in reply to This is getting silly- Fed printing up more money to thow at bad banks.

re: This is getting silly

TB — 3/25/2008 4:34:40 PM (archived)

It's a tough call. I don't like this any more than you do, but I don't know what the consequences would be of letting the system just crash, either.

$260 billion in loans is a big number ("quarter of a trillion" is reaching a bit), but I don't know how much of that taxpayers are eventually going to have to eat. I think the Savings and Loan Crisis ended up using about $125 billion in tax money, or about $206 billion in today's dollars.

The whole thread (31 posts)

This is getting silly- Fed printing up more money to thow at bad banks. - Yeti - 3/25/2008 4:17:59 PM
- the USA has over $140 Trillion in financial assets... - TAFKASE - 3/26/2008 1:33:19 PM
  - It's an election year. (n/t) - TB - 3/26/2008 5:57:16 PM
  - re: Economics 101 - Yeti - 3/26/2008 3:00:51 PM
    - You are a philosopher king - TAFKASE - 3/26/2008 6:31:37 PM
      - No - Yeti - 3/26/2008 6:46:35 PM
        
        Oh, but you do have a Phd in economics? - TAFKASE - 3/26/2008 6:55:26 PM
        
        Wow, the hypocrisy is so thick I could cut it with a bandsaw - Yeti - 3/26/2008 9:02:01 PM
        
        Government tries to fix complex equipment by slamming it with a sledge hammer... - TB - 3/27/2008 1:04:51 AM
    - re: Economics 101 - TB - 3/26/2008 6:24:03 PM
      - re: Economics 101 - Yeti - 3/26/2008 6:45:15 PM
        
        Wasn't arguing, just putting up a number. (n/t) - TB - 3/26/2008 7:09:23 PM
        
        re: "It's an election year" - Yeti - 3/26/2008 9:07:32 PM
        
        re: "It's an election year" - TB - 3/26/2008 10:39:46 PM
- Let's not go overboard. - alcaray - 3/25/2008 4:57:15 PM
  - Yep, true, but the fed is handing out absurdly low rates - Yeti - 3/25/2008 5:59:07 PM
    - in other words - Yeti - 3/25/2008 6:02:50 PM
      - There are a lot of people who believe that the US just prints money to pay debts. - alcaray - 3/25/2008 8:38:31 PM
        
        Yeah, well, I disagree with your statement. - Yeti - 3/25/2008 9:43:23 PM
        
        Which statement do you disagree with (at this point)? (n/t) - alcaray - 3/25/2008 10:52:07 PM
        
        That there is a problem with saying that the fed is printing money to try to stop this crisis. (n/t) - Yeti - 3/25/2008 11:17:00 PM
        
        Well, using satirical language, I guess it is accurate. - alcaray - 3/26/2008 12:22:25 AM
        
        I do see your point. - Yeti - 3/26/2008 4:47:12 AM
- re: This is getting silly - TB - 3/25/2008 4:34:40 PM
  - re: This is getting silly - Yeti - 3/25/2008 4:48:03 PM
    - re: This is getting silly - TB - 3/25/2008 5:06:33 PM
- BTW - Yeti - 3/25/2008 4:21:56 PM
  - How much PAPER and INK does it take? - carl - 3/25/2008 5:10:21 PM
    - That's what our military is now for. - SDAI-Tech1 - 3/25/2008 6:50:00 PM
      - Like I said before: China's ENTIRE ECONOMY is smaller than the American Government, - TAFKASE - 3/26/2008 7:07:35 PM
        
        I look at factory growth. - SDAI-Tech1 - 3/27/2008 2:30:01 AM

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