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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: shades who wrote (59049)	4/21/2006 8:07:33 PM
From: bond_bubble	Read Replies (3) of 110194

No if you steal TOO MUCH they put you in jail - they are the ENGINEERS and will support you while you go along with thier plan - but you get TOO CRAZY and they put the lock down on you. Now I just posted in Mexico this did not work so good - the bank guy stole 55 million from the mine workers and they all got really pissed - so what happen - gubbment shot and killed a few of them right? Shades, this is where Chromatic is conveniently glossing over the fact. One person need not take all the trillion. That is just a number. what if every individual who has taken the home loan defaults? The banks have given every house owner 500K loan and the Fed is taking these loans into its books. Knowing that the Fed is going to be tolerant, every house owner is going to say, Oops I'm sorry - but thank you for waiving the loan. Chromatic is implying that the Fed will congratulate the house owner!! Knowing this, the house owner will go and bid a land where a manufacturing plant is going to be built!! why does he care as long as Fed is willing to write off his loan!! Ofcourse, Banks dont care as they will be passing this loan to the Fed!! So tell me, why should people work? Are you saying, govt will take only shades' loan and not Jay's (BTw, that is me) loan? How does Fed draw a line - who gets it and who does NOT? i.e home owners can get loan and default but for the CEOs, there is some limit to which he will be excused. Is this documented? You are saying moral hazard can be tolerated with limit. Can you explain how? And what happens if everyone's job becomes taking loan and passing it as bad to Fed? when does Fed put a loan officer in jail for giving bad loan? The first loan takers escape but the later guys will be punished?

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