One thing that isn't mentioned about the scumbag bankers is that they were also involved in the Oil Futures speculation that drove the Oil market to $150 a barrel even though demand was actually going DOWN.
There aren't enough trees to hang all these scumbags from. ************************************************* I'm Surviving The Obama Depression http://www.cafepress.com/rightwingmike/6535062 --- On Thu, 3/12/09, Stephen Russell <[email protected]> wrote: > From: Stephen Russell <[email protected]> > Subject: Re: [OT] Billions to Dubai > To: "ProFox Email List" <[email protected]> > Date: Thursday, March 12, 2009, 5:44 PM > On Thu, Mar 12, 2009 at 2:35 PM, Leland F. Jackson, CPA > <[email protected]> wrote: > > The Bush Administration, through the federal reserve, > which was lead by > > Allan Greenspan, repeatedly lower the Fed interest > rate to contain the > > housing bubble and otherwise repress a recession to > keep the economy and > > war on terror going. Somewhere along the way the > relation between risk > > a lender takes for providing captial to a borrower, > and the interest > > rate the borrower pays the lender for the loan > disappeared, and is so > > out of balance today, that the Fed interest rate have > nowhere to go form > > here but up, However, if Fed interest rates go up, it > will aggravate the > > credit crisis and housing foreclosures as mortgages > would reset at > > higher interest rates. > > > > Its very predictable what happens to bond/debt face > values as interest > > rates move up and down, and newer bonds come out that > reflect the > > current economic conditions. It looks to me like the > Bush > > Administration has painted the Obama Administration > into a conner by > > removing the option to lower the Fed rate, as it has > no where to go but > > up from here. > > > > The Bush Administration encouraged the current mess by > manipulating the > > Fed interest rates, and many an investor was rewarded > as they watched > > the value of their bonds appreciate, as newer bonds > came out paying much > > lower returns, because of the predictable lowing of > the Fed interest > > rates which everyone anticipated. > ------------------------------------------------ > > Actually raising the rate to 2.0 would probably be the best > statement > that could be made. It will force the banks out of the > idea that it > is all FREE money for a day or two. > > Our country needs to change the mindset of our investors > and super > bankers, currently we are trying to help them evolve. > Raising the Fed > rate will freak out many but for the nation as a whole it > will be much > faster getting us out of our hole. > > -- > Stephen Russell > Sr. Production Systems Programmer > Web and Windows Development > Independent Contractor > Memphis TN > > 901.246-0159 > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[email protected] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
