Thanks for your message, Rebel, it is on the ground information that I am very interested. But I think I do not get your message, Rebel.
<<I do not think that they are lending it>> Do you mean banks are not lending for carrytrade? or that they are not lending to commoners? <<I think they are stashing it for future use>> Stashing houses or money? Thanks a lot in advance. Peace and best wishes. Xi On Nov 21, 2:56 am, Rebel <[email protected]> wrote: > I do not think that they are lending it Xi, I think they are stashing > it for future use, ( maybe buy up all those bank foreclosures to sell > again when the price is higher ?) I know it is difficult to buy a > foreclosure, I am on my fifth house now, each has failed because of > the guide lines set by F.May and Freddie mac, My guess is, that they > want these houses as collateral. for future business. It is extremely > difficult, even the loan officers in the banks cannot understand what > is happening over here. > > On Nov 19, 8:15 pm, xi <[email protected]> wrote: > > > > > Of course. He treats several topics. Let us go one by one: > > > 1.- Where is the bank bailout money utimately going? > > > Of course, most of them go to hedge funds affiliated to banks, to > > their subsidiaries, etc. in order to fill their holes and their > > losses. My question is: is it a surprise? It is a bank bailout, that > > is what a bank bailout is. Everybody knew it since the very begining > > of the Toxic Assets Relief Program, it is to fill what toxic assets > > substracted from their balance sheets. > > > Once their balance sheets are recovered they could start to supply > > credit again starting from scratch. In theory, they will pay back with > > future profits if they get profits one day. > > > 2.- 2010 budget a big scam? > > > I guess they mean next budget, the Obama s budget. Not the previous > > one. > > > To be honest I do not know how this budget has been communicated to > > Americans. My perception is that it has not been communicated at all, > > but I can be wrong. There are experts on US Federal budget as it is > > probably the most spaghetti-alike budget that any coyntry in the world > > has, if I made myself understood. I have read that next budget seems > > to be very similar to any other US budget in the past. If it has been > > communicated as the solution to this crisis it is not true, of course, > > but maybe it has been the usual politic "exhuberance of messages" or > > maybe a scam, I cannot know sorry. > > > In any case the solution to this crisis will not come from any budget > > because economic authorities cannot know now what they might need > > within coming months. There are too many scenarios, too many risks > > arounds and nobody can know for sure how they all will behave. The > > solution must come if necesary from off-budget (such as further > > stimulous) or from financial policies such as higher indebtness or on > > the contary from sudden and dramatic cut of expenditures depending on > > which risks US economy faces within next months. > > > As he tells, and as usual in all US budgets, the defense budget is one > > of the main reasons of this crisis (if not the main one) and it does > > not change in this budget. > > . > > 3.- Privatization of transport network and other governmental assets. > > > It might be. What he tells is a potential scenario that makes sense. > > But I cannot judge on intentions. > > > 4.- The evil cycle banks-Fed-US government-US taxpayers. > > > That is absolutely true. But that happens when a country has a private > > central bank that lends money to government at a certain interest. If > > amounts are low it is moderately outrageous, if amounts are high (such > > as a $1.5 trillions) it is 1.5 trillion times more outrageous. > > > About last comments about what they are going to do with that money I > > cannot prejudge as I told. I can say that last months they used it to > > fill their losses and right now they are mostly using that money (or > > rather lending again with fresh money) mostly to fund carrytrade, but > > it could end up from one day to the next one, as soon as the Fed > > decides to change its policy. > > > It is related to my post "What exactly Bernanke aims? and what > > Americans > > want"http://groups.google.com/group/world-thread/browse_thread/thread/eff6... > > > I hope it helps. If not, please, somment here whatever you want. > > > Thanks a lot for your message, I guess it can help many people to > > understand better what is happening. > > > Peace and best wishes. > > > Xi > > > On Nov 19, 11:24 pm, Rebel <[email protected]> wrote: > > > >http://www.youtube.com/watch?v=1eSVIXQzsFs > > > > Tell me what you think ...- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
