Profile picture for mrfnuts

Where the F**k is koo-koo-nuts-cream?

She predicted 'calamatiy' if the $700B+ bail out did not go through....

 

Now.. the money did NOT even go to the intended purpose (M&A instead of lending), and the 'economy' is doing just about what it would have done 'without' the bail outs...

 

Come on 'koo-koo-nuts'!!  where are you?  Justify your argument now!  You like to sit in your ivory perch and use the 'people' as an experiment to your world improvement plans... where are you now that your ideas are failing? -- AS WAS PREDICTED!!

 

Show yourself... please comment on how the world has improved now that your rampant bailout ideas have been implmented.....

 

Let me guess... we just need to give these ideas a 'little more time'...

 

Why didn't we give free markets 'a little more time' ??  HA!!  Can't have that, can we... the people might actually get a fair shake at this point in the free market cycle... therefore, better rally against it, eh!

 

 

 

  • December 03 2008 - US
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Answers (13)

Profile picture for Coconutcream

I am here. We have no idea what shape the economy would be in if the bailout hadn't gone through. Also not all the money has been injected yet. In addition, I have no doubt there will be a further need for a huge stimulus package and it'll be ready for Pres. Obama to sign into legislation on his first day in office. Also, a bailout package for the auto industry.

 

 

  • December 03 2008
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Profile picture for Coconutcream

ps - fyi, I was busy with Thanksgiving and a mini vacay in Cabo.

  • December 03 2008
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Coco, yes, we do know the shape if the bailout had not gone through. Since the bailout money was put in the stock markets, then we can definitely say the stock markets would have been lower without 300bn of our money in it.

  • December 03 2008
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Profile picture for Coconutcream

DNM, The bailout was not about the stock market.

  • December 03 2008
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did she just say stimulus and package? honey... you're on the wrong blog!

  • December 03 2008
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Profile picture for Mr Caveat

coconuts the money was traded for stock, how is that not about the stock market? certianly hasnt helped lending from what i'm hearing.

  • December 03 2008
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Profile picture for Coconutcream

The money was pumped into the banks to loosen up the frozen credit markets not keep the stock market from falling. It's still icy but thawing a bit. That people think TARP funds would start working immediately is naive and they still have 1/2 the money left to play with. Overnight loans and loans between banks has started to happen, albeit slowly. The stock market tanking is due to the bad overall economic conditions. The bailout was never intended to be a cure all for that. However, with out it things would be much worse then they are now. Lending would have completely stopped and a lot of businesses wouldn't have been able to do any business, meet their payroll, etc. If you think things are bad now - that would have been a nightmare.

  • December 03 2008
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Profile picture for mrfnuts

have no idea what shape the economy would be in if the bailout hadn't gone through.

...

...

However, with out it things would be much worse then they are now.  Lending would have completely stopped and a lot of businesses wouldn't have been able to do any business, meet their payroll, etc.

 

So, you have no idea, but, can then conclude things would have been much worse and lending would have completely stopped?  So which is it?

 

Original point though was TARP didn't even go to the intended purpose that you argued on, It has not gone into lending, it has gone to fixing the balance sheets (actually this is rational, but, if the money was supposed to be for lending...), and of course being used as capital for the big banks (who are primarily getting the bail out funds) to swallow smaller competitors, oh, and a couple great parties at AIG I guess.  It simply hasn't gone into 'lending'.

 

 

  • December 04 2008
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Profile picture for Coconutcream

"So, you have no idea, but, can then conclude things would have been much worse and lending would have completely stopped? So which is it?

Yes, I have no idea how bad it would have been just that it most definitely would be worse than what it is today.

Yes, they changed the plan but I don't think the plan change means it's a failure - just that they reaccessed and decided to take a different approach. Also, there is still another $350B to go into the economy and not all the money from the initial $350B has been appropriated yet.
have come way down which was critical.

BTW, FWIW, David Gergan, who is someone I respect, said the same thing last night about the bailout that I have been saying. That it most certainly would have been a huge disaster for the economy and us if they didn't do the bailout.

  • December 04 2008
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Profile picture for Mikal1

did she just say stimulus and package? honey... you're on the wrong blog!

 

LOL!  I think that one flew under most radars....

  • December 04 2008
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Profile picture for Coconutcream

Naw, I just ignored it. Boys being boys thingy. Yawn.

  • December 05 2008
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Profile picture for hawgdriver

Without Congress' 'A-OK' the Fed would not have started pumping out money, because it's important to signal to others that the future generation of American taxpayers are the real backstop to the fiat currency.  Without the Fed pumping money there would have been a run on the global financial system and it would have been pancaked like a 130# d-lineman.  Then there would be sudden concern for the value of the pieces of paper.

  • December 05 2008
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Profile picture for Mr Caveat

see i dont think it was ever the "plan" to begin with. like a lot of things flying through congress these days. Paulson was very clear. he wanted no rules, no oversight, no restrictions, no responsability. now the plan has "changed"? i find it niave to assume that paulson is so impulsive, but then again... maybe he is!

  • December 06 2008
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