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Wisconsin teachers union decertified; FDR was right
Tweet Topic Started: Sep 14 2013, 09:39 AM (146 Views)
Mr Gray Sep 18 2013, 11:15 AM Post #16
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Coach
Posts:
16,503
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#26
Joined:
February 5, 2008
HoosierLars
Sep 18 2013, 09:00 AM
brumdog44
Sep 17 2013, 06:32 PM
Poorly run businesses close their doors? Like banks and car factories?

I guess I should just trust the government's benevolence to bail out businesses when they feel thy should. No, wait, that's you.
Hundreds of banks have failed in the last few years:
http://www.davemanuel.com/history-of-bank-failures-in-the-united-states.php

The Federal Reserve was intended to be the "lender of last resort" and avoid bank runs. In 2008 we had a global run on the banks, and the potential for cratering the global financial system was real. If you want to use that once in a lifetime event to make your arguments, go ahead.
I don't know how the Federal Reserve could ever realistically be considered a "lender of last resort". They are the primary (and really the only) lender for every bank in the country.
Posted Image
The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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HoosierLars Sep 18 2013, 12:15 PM Post #17
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3 in a row
Posts:
22,916
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Member
#20
Joined:
February 5, 2008
Mr Gray
Sep 18 2013, 11:15 AM
HoosierLars
Sep 18 2013, 09:00 AM
brumdog44
Sep 17 2013, 06:32 PM
Poorly run businesses close their doors? Like banks and car factories?

I guess I should just trust the government's benevolence to bail out businesses when they feel thy should. No, wait, that's you.
Hundreds of banks have failed in the last few years:
http://www.davemanuel.com/history-of-bank-failures-in-the-united-states.php

The Federal Reserve was intended to be the "lender of last resort" and avoid bank runs. In 2008 we had a global run on the banks, and the potential for cratering the global financial system was real. If you want to use that once in a lifetime event to make your arguments, go ahead.
I don't know how the Federal Reserve could ever realistically be considered a "lender of last resort". They are the primary (and really the only) lender for every bank in the country.
Banks rarely go bankrupt, but when they do, the FDIC comes in and gives people their money. So people aren't really worried that their bank is going to go under with their money. Sept 2008 was a different story. When I cashed out a bunch of accounts, I put the proceeds into treasuries, which actually had a slightly negative yield as the global bank run intensified.
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brumdog44 Sep 18 2013, 04:19 PM Post #18
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The guy picked last in gym class
Posts:
43,823
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Joined:
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HoosierLars
Sep 18 2013, 12:15 PM
Mr Gray
Sep 18 2013, 11:15 AM
HoosierLars
Sep 18 2013, 09:00 AM
brumdog44
Sep 17 2013, 06:32 PM
Poorly run businesses close their doors? Like banks and car factories?

I guess I should just trust the government's benevolence to bail out businesses when they feel thy should. No, wait, that's you.
Hundreds of banks have failed in the last few years:
http://www.davemanuel.com/history-of-bank-failures-in-the-united-states.php

The Federal Reserve was intended to be the "lender of last resort" and avoid bank runs. In 2008 we had a global run on the banks, and the potential for cratering the global financial system was real. If you want to use that once in a lifetime event to make your arguments, go ahead.
I don't know how the Federal Reserve could ever realistically be considered a "lender of last resort". They are the primary (and really the only) lender for every bank in the country.
Banks rarely go bankrupt, but when they do, the FDIC comes in and gives people their money. So people aren't really worried that their bank is going to go under with their money. Sept 2008 was a different story. When I cashed out a bunch of accounts, I put the proceeds into treasuries, which actually had a slightly negative yield as the global bank run intensified.
The FDIC is its own government corporation and not a part of the federal reserve. It receives no congressional appropriations and is funded by premiums from bank payments for deposit insurance coverage.
Posted Image
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HoosierLars Sep 18 2013, 05:00 PM Post #19
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3 in a row
Posts:
22,916
Group:
Members
Member
#20
Joined:
February 5, 2008
brumdog44
Sep 18 2013, 04:19 PM
HoosierLars
Sep 18 2013, 12:15 PM
Mr Gray
Sep 18 2013, 11:15 AM
HoosierLars
Sep 18 2013, 09:00 AM
brumdog44
Sep 17 2013, 06:32 PM
Poorly run businesses close their doors? Like banks and car factories?

I guess I should just trust the government's benevolence to bail out businesses when they feel thy should. No, wait, that's you.
Hundreds of banks have failed in the last few years:
http://www.davemanuel.com/history-of-bank-failures-in-the-united-states.php

The Federal Reserve was intended to be the "lender of last resort" and avoid bank runs. In 2008 we had a global run on the banks, and the potential for cratering the global financial system was real. If you want to use that once in a lifetime event to make your arguments, go ahead.
I don't know how the Federal Reserve could ever realistically be considered a "lender of last resort". They are the primary (and really the only) lender for every bank in the country.
Banks rarely go bankrupt, but when they do, the FDIC comes in and gives people their money. So people aren't really worried that their bank is going to go under with their money. Sept 2008 was a different story. When I cashed out a bunch of accounts, I put the proceeds into treasuries, which actually had a slightly negative yield as the global bank run intensified.
The FDIC is its own government corporation and not a part of the federal reserve. It receives no congressional appropriations and is funded by premiums from bank payments for deposit insurance coverage.
Given that the Fed can print money and buy the government's debt, supporting the FDIC is clearly doable.
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brumdog44 Sep 18 2013, 05:06 PM Post #20
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The guy picked last in gym class
Posts:
43,823
Group:
Members
Member
#181
Joined:
February 20, 2008
HoosierLars
Sep 18 2013, 05:00 PM
brumdog44
Sep 18 2013, 04:19 PM
HoosierLars
Sep 18 2013, 12:15 PM
Mr Gray
Sep 18 2013, 11:15 AM
HoosierLars
Sep 18 2013, 09:00 AM
brumdog44
Sep 17 2013, 06:32 PM
Poorly run businesses close their doors? Like banks and car factories?

I guess I should just trust the government's benevolence to bail out businesses when they feel thy should. No, wait, that's you.
Hundreds of banks have failed in the last few years:
http://www.davemanuel.com/history-of-bank-failures-in-the-united-states.php

The Federal Reserve was intended to be the "lender of last resort" and avoid bank runs. In 2008 we had a global run on the banks, and the potential for cratering the global financial system was real. If you want to use that once in a lifetime event to make your arguments, go ahead.
I don't know how the Federal Reserve could ever realistically be considered a "lender of last resort". They are the primary (and really the only) lender for every bank in the country.
Banks rarely go bankrupt, but when they do, the FDIC comes in and gives people their money. So people aren't really worried that their bank is going to go under with their money. Sept 2008 was a different story. When I cashed out a bunch of accounts, I put the proceeds into treasuries, which actually had a slightly negative yield as the global bank run intensified.
The FDIC is its own government corporation and not a part of the federal reserve. It receives no congressional appropriations and is funded by premiums from bank payments for deposit insurance coverage.
Given that the Fed can print money and buy the government's debt, supporting the FDIC is clearly doable.
Given that the fed can print money and devalue the money everyone has, they should be done away with.
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HoosierLars Sep 18 2013, 05:12 PM Post #21
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3 in a row
Posts:
22,916
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#20
Joined:
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brumdog44
Sep 18 2013, 05:06 PM
HoosierLars
Sep 18 2013, 05:00 PM
brumdog44
Sep 18 2013, 04:19 PM
HoosierLars
Sep 18 2013, 12:15 PM
Mr Gray
Sep 18 2013, 11:15 AM
HoosierLars
Sep 18 2013, 09:00 AM
brumdog44
Sep 17 2013, 06:32 PM
Poorly run businesses close their doors? Like banks and car factories?

I guess I should just trust the government's benevolence to bail out businesses when they feel thy should. No, wait, that's you.
Hundreds of banks have failed in the last few years:
http://www.davemanuel.com/history-of-bank-failures-in-the-united-states.php

The Federal Reserve was intended to be the "lender of last resort" and avoid bank runs. In 2008 we had a global run on the banks, and the potential for cratering the global financial system was real. If you want to use that once in a lifetime event to make your arguments, go ahead.
I don't know how the Federal Reserve could ever realistically be considered a "lender of last resort". They are the primary (and really the only) lender for every bank in the country.
Banks rarely go bankrupt, but when they do, the FDIC comes in and gives people their money. So people aren't really worried that their bank is going to go under with their money. Sept 2008 was a different story. When I cashed out a bunch of accounts, I put the proceeds into treasuries, which actually had a slightly negative yield as the global bank run intensified.
The FDIC is its own government corporation and not a part of the federal reserve. It receives no congressional appropriations and is funded by premiums from bank payments for deposit insurance coverage.
Given that the Fed can print money and buy the government's debt, supporting the FDIC is clearly doable.
Given that the fed can print money and devalue the money everyone has, they should be done away with.
:trolls:
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