2008-10-13blownmortgage.com

"Not all that much seems to have come from the G7+ meeting this past weekend. We somehow expected more than: “The Federal Reserve led an unprecedented push by central banks to flood the financial system with dollars, backing up government efforts to restore confidence and helping to drive down money-market rates."



Comments:

tvsterling at 08:32 2008-10-14 said:
I think an outside limit needs to be set by congress on the amount of money to be poured into this monster. The Supersuits have no conception of the value of money nor of the consequences of going too far (like hyperinflation). They are fixated on pouring money that doesn't exist into this thing. They have already excused themselves from the fallout. "It would have been much worse if we didn't do it", is their mantra. The legislators are totally bought into the Supersuits 'drown it in money' program. If they go too far these bailouts will become a gigantic poison pill that will end us for once & all. Permalink

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