Reply With Quote
lol Obama. The dude just doesn't care where america will be in 50 years.
Same ol' politicianaww shucks
For anyone out there who still believes America is a market-based economy.
Federal Reserve to gain power under plan
http://www.washingtontimes.com/news/...home_headlines
The Federal Reserve, already arguably the most powerful agency in the U.S. government, will get sweeping new authority to regulate any company whose failure could endanger the U.S. economy and markets under the Obama administration's regulatory overhaul plan.
The final plan due to be released on Wednesday -- which originally aimed to streamline and consolidate banking and securities regulation in one or two agencies -- now is expected to sidestep most jurisdictional disputes and simply impose across the board standards to be applied by all financial regulators, according to administration and industry sources.
...
The FED makes it rain money and the solution is to give them the power to determine how wet we're allowed to get.
lol Obama. The dude just doesn't care where america will be in 50 years.
Same ol' politician
What's your idea for avoiding the kind of meltdown that happened last fall?
is this the one that obama "intends" to "protect" the consumer?
i think it's above his pay grade to divulge that info, spoonfed.
So what is your idea then?
Anyone?
Bueller?
Dump the chumps.
The F-n-1 Doctrine for a new America.
Without a doubt the Fed needs an overhaul. Devil is in the details though.
Don't let the FED F*uck around with interest rates.
outlaw quan ative easing
And keep the regulators independent from people they should be regulating.
(The FED is a bank. You don't make the arsonist the fireman).
Little bumps in the business cycle are far more desirable than the bubble and burst economy we've got going on.
So who sets interest rates?
ideally the market.
That failing, pick a rate a stick with it.
Require an act of Congress to change it. (that way it'll never happen)
live with the results. Yes that will restrict the economy's growth, it'll also restrict how far the economy can blow up.
The market?
Meaning all the banks?
There should be a set formula for setting interest rates instead of whatever one man feels like doing. Greenspan could have avoided alot of this if he would have raised interest rates like he should have. Bernanke initially resisted lowering interest rates but then changed his mind...political pressure? IDK.
Fail.
Moronic fail.Require an act of Congress to change it. (that way it'll never happen)
What would be the point in raising rates with the economy in the ter and negligible (so far) inflation?
What would the formula be?
use a computer.
No. I'm just trying to get an idea of what you are actually wanting.
some other objective force than a small group of individuals who can easily screw up.
Or I guess how it works now is just fine and dandy. Being told that unless we bail out the banks in 2 weeks the entire economy would have collapsed is probably for the best.
I don't know what that is, I don't have to know what that is. I do know its not impossible.
I'm not that smart. Seems to me though that it should be possible to use a variety of economic indicators to come up with a number (or range which would leave at least some flexibility for the fed). Clearly though, Greenspan should have raised interest rates to control the housing bubble.
I'm not talking about right now. I mean in the future after we finally climb out of the ter. To prevent it from happening again. You don't put your seatbelt on right after you crash but after you get out of the hospital you do if your smart.
Some amazing, infallible formula!
Well, that's what Bush's men thought. When the men who consider Ayn Rand books as Bibles think that the economy will collapse, I pay attention.Or I guess how it works now is just fine and dandy. Being told that unless we bail out the banks in 2 weeks the entire economy would have collapsed is probably for the best.
Just to make sure I've got this straight, the plan is to give a group of non-elected presidential appointees the power to arbitrarily decide who's failure would endanger the economy and who's wouldn't. They would then have the power to take over that company, presumably whether that company wanted them to or not, and could then just create money out of thin air to "loan" said company and there's not a thing that voters, taxpayers or congress could do about it. It's TARP without those pesky checks and balances. We'll just make the Fed your one stop bailout shop.
So Obama would have let them fail?
There's no difference. Everyone is in it together. The only thing that will actually change things is a change in the structure.
Possible. It was a weird economy with the war and all. Rates were definitely an issue, but I'm not sure it was the biggest one.
Oh, I imagine the rates will increase once the inflation hits.I'm not talking about right now. I mean in the future after we finally climb out of the ter. To prevent it from happening again. You don't put your seatbelt on right after you crash but after you get out of the hospital you do if your smart.
On second thought, you're right. Mathmatics has no place in economics. Better to go with the gut.
Were it that simple, don't you think it would have been done somewhere in the world sometime in history?
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
