Is this insane, or just so smart you blink?

[Green Hornet]

Where are the free market folks? I know you are out there. I have seen you comments on this forum.

Either you believe that the market will correct itself, or you don't. It seems like many want to have it both ways. A free market until it fails, then it is ok to get help from the tax payers.

 

[xmtpedprl]

*I* am a "free market" kinda guy. Which is why I say let these morons tank. THAT'S the "market correcting itself."

After that it gets a little murky!

;^)

Dave...

 

[Green Hornet]

Dave,

Good to see you stand by your point of view! I agree about the murky part. There is a beauty and simplicity in the free market belief, until citizens get hurt by corporate greed.

Hey, profit is why corporations exist. Can't blame them for doing what they are created too do.

Now if we would stop spending billions protecting the foreign assests of the oil companies using our military, they might pass the real cost of gas onto the consumer. Then the free market might really start exploring other options.

 

[john snyder]

"Caught in the Crossfire" - Stevie Ray Vaughn.

jbs

 

[Elliott]

Its not real easy to talk 'markets' and not get political. When
I was listening to the "confession of subprime MB" he made the statement
regarding the mortgage market that the "horses are gone, the
barn is empty". The market has reacted to the un-regulation of
the CDO market. Other than the guy who shorted the CDO index,
the big losers are the rest of us.

I think how amazing it is we went from a nice, properly functioning
economy to a housing crisis and double priced gasoline. Just think
if Congress said, "We're pizzed, just like we put a man on the moon
in 10 years, the US pledges to double its own oil reserves in 10
years and double its nuclear electricity production in 10 years, and
have 20% of our fleet of vehicles powered by electricity. We pledge
the US to become the greatest supplier of energy in the world."

How many speculators would remain long oil that costs $2.50 a barrel to
pump out of the sand.

 

[Scott Kibler]

Dumping a huge supply of an asset class all at once at no or little price would not be very prudent considering most of working and middle class' weath is tied up into their own similar assets.

No. What you will likely see is the creation of a <temporary> federal agency charged with managing and disposing of these assets in a more controlled manner.

Well, that will be the intention anyway.

 

[c w d]

]
The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter.
The grasshopper thinks the ant is a fool and laughs and dances and plays the summer away.

People are not ants or grasshoppers. The current situation is a bit more complex than that parable. The ramifications of a collapse of the banking system will affect everyone. The affects will be disastrous.

 

[Riick]

People are not ants or grasshoppers. The current situation is a bit more complex than that parable. The ramifications of a collapse of the banking system will affect everyone. The affects will be disastrous.

Just as disastrous as having the Fox guard the hen house? <lol>

Parables are simplistic only on their surface.
(a) Parables are not meant to be interpreted literally.
(b) They've been quoted for centuries because they contain essential truths.

A wise man hears one word and understands two. -- Proverb

 

[c w d]

Just as disastrous as having the Fox guard the hen house? <lol>

Parables are simplistic only on their surface.
(a) Parables are not meant to be interpreted literally.
(b) They've been quoted for centuries because they contain essential truths.

A wise man hears one word and understands two. -- Proverb

Yes, that parable didn't mention that while the ants worked so hard gathering food the grasshoppers, in their zeal for the short term gain, ate all the available food. And not even the ants had anything to eat come winter.

 

[Ray Miller]

Dave,

Good to see you stand by your point of view! I agree about the murky part. There is a beauty and simplicity in the free market belief, until citizens get hurt by corporate greed. Who owns the corporations?????

Hey, profit is why corporations exist. Can't blame them for doing what they are created too do. Who owns the corporations?????

Now if we would stop spending billions protecting the foreign assests of the oil companies using our military, they might pass the real cost of gas onto the consumer. Then the free market might really start exploring other options.

What other options????