....lybob Posted December 3, 2010 Author Share Posted December 3, 2010 Like I said, you have a fundamental misunderstanding of what the TALF and CPFF programs were. You are beholden to the looney leftist conspirasist theorist mentality. I have criticized the FED on this board on more than a few occassions and I definitely didn't support TARP. No where did I say we averted a Financial crisis, we are still living in it right now. However that doesn't mean that things couldn't of been worse, because they could of and they would of if these programs hadn't of existed. It must be real nice for people to live in a black or white world, where only these two options exist. The reality is that there are many shades of grey that lie in between these two polarized worlds. I find that most answers are in these grey areas, you seem to see things as either or neither. I am able to think for myself (able being the key word), I form my opinions based on real data, you form your thoughts based on what loons from the left tell you to think. I have never seen a semblance of an original thought ever come from you. You are basically comprised of Youtube clippings and HuffPo opinion pieces. The fact that you don't believe that TALF and CPFF didn't help main street speaks to your ignorance. I will give you a chance to redeem yourself, did these programs created by the FED, tremendously help out Main Street? Answer the question TALF and CPFF are like pain relievers - great if you take them and then get your cancer removed- terrible if they let you ignore the cancer. I have the feeling that you think this is another business cycle not the mine field of a dozen really bad tipping points which we are negotiating through with tweedle-dumb and tweedle-dumber fighting for the helm. Link to comment Share on other sites More sharing options...
Magox Posted December 3, 2010 Share Posted December 3, 2010 TALF and CPFF are like pain relievers - great if you take them and then get your cancer removed- terrible if they let you ignore the cancer. I have the feeling that you think this is another business cycle not the mine field of a dozen really bad tipping points which we are negotiating through with tweedle-dumb and tweedle-dumber fighting for the helm. Hello Have you seen my posts regarding the economy? This isn't just "another business cycle", it is far worse than any business cycle that we have ever seen in our adult life times. The fact that you just mentioned this reinforces my argument of how people see things from a black or white prism. This downturn that we are in is a three phase catastrophe. Phase one: Excesses in the housing and credit markets, which led to the bubble Phase two: "Recovery", governments and central banks accross the world will do everything they possible can to stimulate the economies through deficit spending and cheap money policies. Phase three: Cheap money eventually leads to an inflationary **** storm along with bond capitulation and major debt restructuring. The Fed's cheap money policies are largely to blame. However, TALF and CPFF isn't one of those areas. You didn't answer the question, did TALF and CPFF immensely help main street? Link to comment Share on other sites More sharing options...
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