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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (45436)	1/18/2009 6:09:13 AM
From: elmatador	Read Replies (1) \| Respond to of 217713

NY Times: banks should “deploy, not hoard” the money to build confidence and increase lending. He added: “We expect all participating banks to continue to strengthen their efforts to help struggling homeowners who can afford their homes avoid foreclosure.” To which the banks are replying: "Make more loans?” Mr. Hope said. “We’re not going to change our business model or our credit policies to accommodate the needs of the public sector as they see it to have us make more loans.” nytimes.com It is now becoming clear, bailout after bailout after bailout(to a point only MQ and Elroy are left clueless) that were necessary only to dole out USD to cover the losses from the subprime which was the cause of the debacle. But what we witnessing is vaccum cleaning of USD in proportions never even seen before within the US, since this was used only to vaccum clean emerging markets. Using the poor who were taken for a ride during the housing boom to appropariate the money form goevrnment. Such is the nature of the Great Unwinding Mr. TJ!