RE: Bidden: We 'Misread the Economy'

RE: Bidden: We 'Misread the Economy' (Full Version)

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philosophy -> RE: Bidden: We 'Misread the Economy' (7/9/2009 12:00:37 PM)
quote: ORIGINAL: Marc2b quote: You could be wrong, but you're not. And I agree... I don't think Mike gets hyperbole. More likely, he's being deliberately obtuse because it's an easy way to accuse someone else of being either a liar or stupid, and still claim to be "right". I think you hit the nail on the head. (translation for slvemike4u: that doesn't mean I think she's actually hit a nail with a hammer; it means I think she has made an accurate assesment) (which is not to say that Marc actually thinks she has made an accurate assessment, but really this is just too good a joke to let go.......damn people taking my words literally....[:D])

willbeurdaddy -> RE: Bidden: We 'Misread the Economy' (7/9/2009 12:12:55 PM)
quote: ORIGINAL: Politesub53 quote: ORIGINAL: willbeurdaddy quote: ORIGINAL: Politesub53 quote: ORIGINAL: willbeurdaddy No, that isnt the most likely outcome and they would have sorted themselves out. Painfully? yes But not as painfully as it will be, as we learned from the deepening and lenthening of the Great Depression as a result of the same types or policies. So please explain how the banks that were desperate for that initial input would have stayed afloat. Everything I have read on the subject indicates many didnt have enough reserves to continue trading. Some would have failed and been bought out by the healthier ones instead of by the government. No answer to my original question then ? As for this assumption, it shows a lack of knowledge of the extent of the problem. I know the extent of the problem very well and knew it long before most, including those in the business. My business is economic and investment modeling. What original question?

slvemike4u -> RE: Bidden: We 'Misread the Economy' (7/9/2009 12:41:13 PM)
quote: ORIGINAL: philosophy quote: ORIGINAL: Marc2b quote: You could be wrong, but you're not. And I agree... I don't think Mike gets hyperbole. More likely, he's being deliberately obtuse because it's an easy way to accuse someone else of being either a liar or stupid, and still claim to be "right". I think you hit the nail on the head. (translation for slvemike4u: that doesn't mean I think she's actually hit a nail with a hammer; it means I think she has made an accurate assesment) (which is not to say that Marc actually thinks she has made an accurate assessment, but really this is just too good a joke to let go.......damn people taking my words literally....[:D]) Nah Philo,what I think is going on is Marc has a little pit bull in him and once he gets ahold of something....he never lets go. (now I don't mean to suggest Marc actually has a little pit bull in him...just that he exhibits thise qualities...capice.)

Marc2b -> RE: Bidden: We 'Misread the Economy' (7/9/2009 12:43:55 PM)
quote: (which is not to say that Marc actually thinks she has made an accurate assessment, but really this is just too good a joke to let go.......damn people taking my words literally....) I killed two bird with one stone with that one. (translation for slvemike4u: that doesn't mean I've been throwing stones at actual birds; It means that I do believe Trasure made an accurate assesment and that it was too good a joke to pass up)

Politesub53 -> RE: Bidden: We 'Misread the Economy' (7/9/2009 12:45:15 PM)
quote: ORIGINAL: willbeurdaddy I know the extent of the problem very well and knew it long before most, including those in the business. My business is economic and investment modeling. What original question? The original question that you quoted earlier. "To those of you critical of the bailouts. Would you still feel the same way if the government had let everything collapse, including your job, bank, insurance company ect ect ? " If you really did know the extent of the problem, you would also know letting everything fail wasnt an option.

slvemike4u -> RE: Bidden: We 'Misread the Economy' (7/9/2009 12:47:25 PM)
Wow your a fucking genius ! (which isn't meant to convey the idea that I think Marc is actually a fucking genius,quite the contrary ,I was just going for sarcasm)

ModeratorEleven -> RE: Bidden: We 'Misread the Economy' (7/9/2009 12:56:44 PM)
Children... XI

Marc2b -> RE: Bidden: We 'Misread the Economy' (7/9/2009 1:03:23 PM)
quote: Nah Philo,what I think is going on is Marc has a little pit bull in him and once he gets ahold of something....he never lets go. (now I don't mean to suggest Marc actually has a little pit bull in him...just that he exhibits thise qualities...capice.) Does this mean you are abandoning your literal interpretations only policy in regards to other people’s posts? quote: Wow your a fucking genius ! You’ve been talking to some of my past girlfriends I see. They do like to brag about me and… Oh shit, now look what you’ve done! You’ve got mom mad! Very well, I’m willing to call a truce if you are.

slvemike4u -> RE: Bidden: We 'Misread the Economy' (7/9/2009 1:07:04 PM)
Cool with me.... as long as we both agree I won.

willbeurdaddy -> RE: Bidden: We 'Misread the Economy' (7/9/2009 1:18:29 PM)
quote: ORIGINAL: Politesub53 quote: ORIGINAL: willbeurdaddy I know the extent of the problem very well and knew it long before most, including those in the business. My business is economic and investment modeling. What original question? The original question that you quoted earlier. "To those of you critical of the bailouts. Would you still feel the same way if the government had let everything collapse, including your job, bank, insurance company ect ect ? " If you really did know the extent of the problem, you would also know letting everything fail wasnt an option. I did respond. The question is irrlevant because "everything wouldnt collapse". Everything failing wouldnt have happened, so obviously it wasnt "an option".

Marc2b -> RE: Bidden: We 'Misread the Economy' (7/9/2009 1:24:53 PM)
quote: as long as we both agree I won. Did not. [sm=slappy.gif]

Loki45 -> RE: Bidden: We 'Misread the Economy' (7/9/2009 1:26:52 PM)
quote: ORIGINAL: Marc2b quote: as long as we both agree I won. Did not. [sm=slappy.gif] [sm=LMAO.gif]

philosophy -> RE: Bidden: We 'Misread the Economy' (7/9/2009 2:20:05 PM)
quote: ORIGINAL: Marc2b Does this mean you are abandoning your literal interpretations only policy in regards to other people’s posts? ...nope, literal interpretations first, susceptible to re-evaluation if necessary. Start with what someones words actually say, before making assumptions about what they actually mean.......

slvemike4u -> RE: Bidden: We 'Misread the Economy' (7/9/2009 2:28:17 PM)
See,thats what I said....but then he comes along making fun of me over it.....sheesh!

Loki45 -> RE: Bidden: We 'Misread the Economy' (7/9/2009 2:39:23 PM)
quote: ORIGINAL: slvemike4u See,thats what I said....but then he comes along making fun of me over it.....sheesh! Excellent point.

Politesub53 -> RE: Bidden: We 'Misread the Economy' (7/9/2009 5:08:45 PM)
quote: ORIGINAL: willbeurdaddy I did respond. The question is irrlevant because "everything wouldnt collapse". Everything failing wouldnt have happened, so obviously it wasnt "an option". You obviously feel the worlds financial experts are all wrong. You havent said how the banks would all have stayed afloat with no reserves to fall back on. Just that my question is irrelevant. "The urgency of these measures was highlighted by the Senate Banking Committee chairman Chris Dodd, who warned that the US might be days away from a complete catastrophic meltdown of its financial system." http://www.presstv.ir/detail.aspx?id=70233

willbeurdaddy -> RE: Bidden: We 'Misread the Economy' (7/9/2009 5:29:32 PM)
quote: ORIGINAL: Politesub53 quote: ORIGINAL: willbeurdaddy I did respond. The question is irrlevant because "everything wouldnt collapse". Everything failing wouldnt have happened, so obviously it wasnt "an option". You obviously feel the worlds financial experts are all wrong. You havent said how the banks would all have stayed afloat with no reserves to fall back on. Just that my question is irrelevant. "The urgency of these measures was highlighted by the Senate Banking Committee chairman Chris Dodd, who warned that the US might be days away from a complete catastrophic meltdown of its financial system." http://www.presstv.ir/detail.aspx?id=70233 I work with the worlds financial experts every day, and in many cases advise them. "all of them" never said that everything would fail. In fact those that did were those working for the insitutions that got bailed out when CDS were starting to drag them down. Chris Dodd, lol, in the pocket of every financial institution that got money. He is a corrupt idiot. As opposed to Barney, who is a corrupt buffoon.

Politesub53 -> RE: Bidden: We 'Misread the Economy' (7/9/2009 5:53:21 PM)
Well your reply didnt let me down. Any chance of some decent links backing your claim ?

willbeurdaddy -> RE: Bidden: We 'Misread the Economy' (7/9/2009 5:55:37 PM)
quote: ORIGINAL: Politesub53 Well your reply didnt let me down. Any chance of some decent links backing your claim ? After you post some backing yours.

herbcaroll -> RE: Biden: We 'Misread the Economy' (7/9/2009 7:04:34 PM)
Bush and a Republican Congress (which worked hand in hand with Clinton to provide a surplus and pay down debt) took a relatively good economic situation in 2001 and in 6 years absolutely ruined everything that the hard fought ideological battles of the 1990's won. I thought "conservatism" would mean paying your bills. Apparently, it means paying with T-Bills sold to a commie Asian country. If you are going to just ignore every facet of the economy, don't throw money at it when it melts down. This happens every time an industry run by MBA's is deregulated. Happened with the Savings and Loans in the 1980's. Enron and other energy speculators in 2000. And now, by far the worst of all, this. I say let them go under. That stimulus money is just being pocketed by banks. Do you actually see anybody fixing our roads, bridges, or anything else? I don't. If they engage in idiotic lending practices and risky derivatives for short term profit, and it blows up, let them go under. The institutions that were run properly will then have more of the market and if they continue to make sound economic decisions, the country will be better off for it.

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