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Too late! You got your wish. Paulson panic'ed or was unsuccessful in getting furriners to buy those 250B in notes. Bailout in progress! Bailout is only for Chinese/Russian bondholders, American common shareholders are toast. Furriners fund wars our economy, Americans only supply cannon fodder. Only fair, no?
We'll see a plan soon, can't you just die! No doc, low doc, liar loans, need to be toast.
Withdrawal of 401K any time, for down payment on a home, tax free? I'm all for it.
Yourdeadmeat69 3 years ago
A great plan, the US treasury is the only agency that should be allowed to issue mortgage credit, and is the appropriate
receptor for reasonable free market credit
spread profits. This does serve to benefit the citizenry, and is an appropriate way to finance government, which ultimately is a shared risk insurance operation anyway.
The market for the paper would obiously be huge, the supply of which would be regulated by true market demand, instead of being inflated by commissioned sales
DawsonLodge 3 years ago
The negative GDP definition is only one definition of what makes a recession. Not all of us agree that this is an appropriate definition.
We're already in a recession.
AirelonTrading 3 years ago
You are doing great work.. keep it up.
PeakedEarth 3 years ago