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Author Topic: Yikes! It's the Feds.  (Read 2618 times)


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Re: Yikes! It's the Feds.
« Reply #15 on: March 30, 2008, 01:53:20 am »

we are devaluing our currency with lazy, complaining workers, high import imbalances, and war spending that is out of control.  as the dollar becomes more and more worthless. current fed policy is also a negative contributor the only way to fix it will be to change at least one of those dollar devalue-rs.

we can't have a sound internal economy while we are bleeding cash.
Nick Dellos - MCPE  

Food for thought for the future:              http://http://www.kurzweilai.net/" target="_blank">http://www.kurzweilai.net/www.physorg.com


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Re: Yikes! It's the Feds.
« Reply #16 on: April 02, 2008, 11:08:59 am »

" If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property, until their children will wake up homeless on the continent their fathers occupied. The issuing of money should be taken from the banks and restored to Congress and the people to whom it belongs."

-Thomas Jefferson
Jason Thompson


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Re: Yikes! It's the Feds.
« Reply #17 on: April 02, 2008, 12:57:29 pm »

We are fortunate that it was Alexander Hamilton and not Jefferson who created our economic system. Jefferson's hope for an agricultural nation that shunned both industry and commerce would not have worked out nearly as well.

The problem in our current crisis is that there have been a great many institutions (and mortgage brokers) functioning as banks but not subject to the same regulations that have applied to banks since the Depression. The fed HAD to act to stop what was little more than a massive bank run.

When mortgages are immediately resold, the mortgage lender has little incentive to worry about creditworthiness. Foreclosure is always another's problem.



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Re: Yikes! It's the Feds.
« Reply #18 on: April 02, 2008, 02:48:05 pm »

J-Texas wrote on Sat, 29 March 2008 16:25

John Ivan wrote on Sat, 29 March 2008 14:33

These regulatory inefficiencies may serve to detract from U.S. capital markets competitiveness.

Ok. More regulation will add to competitiveness? Is that what this is saying?

It is the competitiveness that got us into this trouble. Lenders paying off brokers, brokers sticking it to the borrowers with higher rates.

J, I think that what the article is saying here is that regulatory inefficiencies, i.e. redundant regulation and insufficient regulation, could stop the U.S. capital markets from being competitive with other international capital markets, such as London and Japan.

Emerrill's post also made some very good points.

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