View Single Post
  #9 (permalink)  
Old 07-30-2008, 11:34 PM
jreeves's Avatar
jreeves jreeves is offline
Registered User
 
Join Date: Feb 2008
Posts: 4,517
Rep Power: 78
jreeves could be the buddhajreeves could be the buddhajreeves could be the buddhajreeves could be the buddhajreeves could be the buddhajreeves could be the buddhajreeves could be the buddhajreeves could be the buddhajreeves could be the buddhajreeves could be the buddhajreeves could be the buddha
Quote:
Originally Posted by Zoomie1980 View Post
Well really we have to offer a reasonable interest rate on on our debt instruments for the dollar to have a substantial recovery. The Fed has managed to work itself into a corner by trying to create a 'soft landing" when instead they should have just let a lot of these banks who wallowed in their excess fail without bailout, take the bitter pill and move on
Exactly 300 billion dollars in possible bailouts doesn't improve the strength of the dollar. So we bailout corrupt lenders while the price of the dollar plummets, its idiotic.
__________________
Be thankful we're not getting all the government we're paying for.
Will Rogers

Socialism is a philosophy of failure, the creed of ignorance, and the gospel or envy, its inherent virtue is the equal sharing of misery.

Winston Churchill

And so, my fellow Americans: ask not what your country can do for you—ask what you can do for your country.

JFK

No man's life, liberty, or property are safe while the legislature is in session. -- Mark Twain

Last edited by jreeves; 07-31-2008 at 12:30 AM.
Reply With Quote