Bailout Prevents Great Depression 2.0

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Gyno Forced of AL 5:39PM March 03, 2010

в итоге: восхитительно. а82ч

adjuct of AL 5:34PM February 24, 2010

In either case, users were engaged in a kind of debate. ,

JXL67 of TN 7:22AM October 23, 2009

Both are claims to ownership of stored gold; both are trans- ferred similarly as money substitutes, and both have the identical three limits on their extent of use. ,

John74 of NV 8:40AM October 22, 2009

If you think things are bad now you should see what it was like in the 1920s and 30s. One individual fought for the rights of the laboring class in Louisiana and America during the FDR and Huey Long era. Read more about him at www.thomastfieldsjr .com

Thomas t. fields Jr. of LA 5:27PM August 25, 2009

If you think things are bad now you should see what it was like in the 1920s and 30s. One individual fought for the rights of the laboring class in Louisiana and America during the FDR and Huey Long era. Read more about him at www.thomastfieldsjr .com

Thomas t. fields Jr. of LA 5:18PM August 25, 2009

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Ejcplnob of MT 1:33AM July 15, 2009

The bailout certainly hasn't helped me. The trust fund I had is wiped out forever. More than 80% of the value is gone and the bailout promises to keep me paying more to help those who stole it.
There is no hope. I'll never see the money back thanks to these robber barons. I was prudent, didn't spend the money, and thought it was reasonably safe. I should have sold everything but couldn't believe such greed without consequence was even possible. Perhaps I'll learn something new in the afterlife for there is no hope in this life.

Jim Morrison of NJ 5:08PM May 22, 2009

After we spend this $22 Trillion, yes, it's a total of $22 Trillion--if all fails--then what?
With all the money then spent, if we aren't fixed, then what?
Out of money, out of gas, and out of work. No one on the planet can finance our debt. Then the Fed can start the printing presses and economy will look like Germany in 1922.
Good luck with that.

Quinn the Eskimo of CO 6:05PM February 21, 2009

"WE have had depressions in this country for several hundred years, the great depression of the late 1800s cleaned my Great-Great Grandfather out. He lost several savings and loans and the Great Bend Kansas Newspaper, he moved to Kansas City and started over. We don't seems to learn from our mistakes and here we are again about to have another depression regardless with what the fat cats in Congress try to do. I am for term liments, 4 years and no more. Good Luck America, hope you are out of debt."
Bill,
The problem in the Free Banking Era was that we didn't have good regulation like the FDIC and the SEC. Banks were generally more conservative than now, because they couldn't rely on the Fed to bail them out, set rates, etc. However, on occasion we did have bank runs and bad lending practices. For instance, there was a panic back in the 1800s where almost 50% of banks went under due to speculation and easy lending. The answer to such problems is GOOD regulation, not over-regulation. The Fed was like dropping a nuke on an anthill that was leaking plutonium. It only exacerbates the problem and lines the pockets of its member banks. Think of it this way: our country is basically in the hands of a few dozen bankers. Now do you want to trust these guys? The same ones that are setting interest rates too low to bail out their own bubbles; lending to people that shouldn't have the loan in the first place; and buying politicians to allow the process to continue?
The cycle must stop! I for one want to see someone challenge the constitutionality of the Fed in front of strict interpreters of the Constitution.

Trae of VA 9:36PM October 08, 2008