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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (89403)	10/28/2008 4:58:16 PM
From: JohnG	3 Recommendations Respond to of 116555

"Banks Need To Stop Hoarding Money" Dear W. Bush. What is it in the plan that makes the banks loan the money. Perhaps they will use it to 1.Pay bonuses, 2. Throw a party, 3) Give needy execs raises, 4) Pay dividends, 5. Buy back stock. Loaning money is, after all, dangerous in a recession. It's easy for loan losses to mount and hardly as much fun as all the above. Exactly where is it written that, if someone crams $ down your throat with no strings attached, you must gamble it on risky loans.

To: mishedlo who wrote (89403)	10/28/2008 5:03:37 PM
From: Bill on the Hill	2 Recommendations Respond to of 116555

Federal Reserve chairman Ben Bernanke chimed in with "Who needs reserves when you have printing presses?" MY GOD! My printing press is out of ink! I cannot print! Call for the HELICOPTER! ZIMBABWE here we come! "Shopping made America great, and credit cards keep it that way. It is the patriotic duty for Americas to shop in these trying times. We are in the mess only because consumers are not shopping and banks are not lending." Same tired logic used after 911. Never admit you are wrong even after you are caught with your pants down. BULL CRAP! I don't have any money to shop with! I have no trust in this working! I have my mattress stuffed! And now they will open the windows and backstop international debt? This will collapse our economy. This will bankrupt the country! What are we missing here? Something else is going on. NWO plans. I would love to see their playbook. Bananamerica..... we are there.