Structural vs Stimulus | 82 comments (82 topical, 0 hidden)
There was a big discussion about the case in... (none / 0)

Japan, that -0-% interest rates have a negative effect on the economy.  Without any real returns, savers are penalized and banks are encouraged just to buy treasuries and not take risk in the marketplace.

There is an orderly process to business and when rates are zero, they can only go up so that causes businesses to have in strange ways.  Instead a floor of 2 or 3% is more natural.  If the Fed raised the rates to 2%, businesses would not be impacted, only banks profits.

There are about 1,500 banks in the US on life support.  The Fed is avoiding cleaning them up by subsidizing them with these interest profits.  Zombie banks hurt Japan and they will hurt us.

As for Goldman Sachs, you are crying at windmills.  Nothing is going to change there until you get a Non-Republican and Non-Democrat in the White House.

Don't waste your vote, vote Green or Independent in the next election.

by mcamelyne on 09/09/2010 10:29:34 PM EST

[ Parent ]
yes! (none / 0)
Now were are getting somewhere. Unfortunately, the banks that went under and most of the ones in trouble now are not getting help from the Fed. At least not the type the investment houses like Goldman Sachs, BOA, Citi and JP Morgan are getting.

When Ben, Tim, Paulson, Blankfin and Dimon created the crash by raising rates, changing mark to market rules and systematic insider short selling they used Shelia Bear (sp?) to take down banks/thrifts to take down Indy Mac, WaMu and Country Wide as well as Bear Sterns and Leehman Brothers cherry picking the assets and transfering the shit debt to the treas, fed and GSE's.

It was a fucking coup, and they all should be shot.

by sisco66 on 09/10/2010 06:51:55 AM EST

[ Parent ]
Don't kill them...impoverish them. (none / 0)

Don't waste your vote, vote Green or Independent in the next election.

by mcamelyne on 09/10/2010 08:00:26 AM EST

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then.... (none / 0)
can we kill them? or better yet, work them to death in a mine somewhere? China maybe?

by sisco66 on 09/13/2010 09:37:46 PM EST

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You misunderstand... (none / 0)
if you physically punish them, then they can cry about how they are being punished for only wanting to be rich.  If you just leave them poor as a church mouse, they have to go through life living amongst all those they despise.

Don't waste your vote, vote Green or Independent in the next election.

by mcamelyne on 09/14/2010 04:04:12 AM EST

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greed and destruction (none / 0)
Take BP for an example, their greed caused people to die. And this was not the first time. You can track BP back to the Shaw of Iran, Iraq and numerous spills/explosions that either killed people directly or gave them cancer.

Goldman Sachs and it's hinchmen are not to far off from BP.

Execution is freedom of expression.

by sisco66 on 09/14/2010 06:01:50 PM EST

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Slippery slope...that kind of logic was used to (none / 0)
justify Pol Pot's killings.

Don't waste your vote, vote Green or Independent in the next election.

by mcamelyne on 09/14/2010 10:11:06 PM EST

[ Parent ]
you are right (none / 0)
it is a slippery slope. But if the feds won't enforce the law then we have to

by sisco66 on 09/15/2010 06:33:56 AM EST

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Lol comments (none / 0)
LOL TURNS OUT COMMENTS MOVE MORE TO THE RIGHT AS YOU REPLY TO PEOPLE

by Wifflum on 09/14/2010 09:16:55 PM EST

[ Parent ]

Structural vs Stimulus | 82 comments (82 topical, 0 hidden)