Congresswoman Kaptur "We're Doing This In A Very Abnormal Way"

http://MOXNews.com/
October 20, 2009 CNN

Category:

News & Politics

Tags:

• Congresswoman
• marcy
• Kaptur
• bank
• bailout

[MrMP81]

Nothing will change until the Fed is abolished >: I

[Tunedup81]

I will never do business with these companies again. Which started in January of this year for me. Just say NO! their crooks and crooks need to go to jail.

[ReliableInsider]

Heroes who avert a crisis never get as much credit as a hero who sits around and just lets the disaster happen and then comes in to help out after it's over.

[ReliableInsider]

He acted fast and now everyone agrees that the economy is slowly pulling back from the brink.

[ReliableInsider]

In a liquidity crunch, banks become very important. If they're all going bankrupt, that would cause chaos.

Obama acted extremely quickly when a lot of other men might have been appointing blue-ribbon commissions and watching in horror while the whole thing went down in flames.

The one thing that everyone was very honest about was that nobody--nobody--fully understood what was happening.

Being in a state of incomplete information causes some people to panic and freeze or behave stupidly.

[MooseOfReason]

The aspect I'm interested in? The one that says if we let banks go through the bankruptcy process instead of bailing them out -- would cause the world economy to collapse.

That sounds like fear-mongering.

[sonofaglitch2]

The US government is a Mafia. Simple.

[ReliableInsider]

Aren't there tens of thousands of them by now?

Which aspect are you interested in?

If banks aren't lending to each other or to businesses, businesses are unable to handle ordinary cash flow problems and they go bankrupt and they're employees are laid off and unable to pay their bills or buy anything and it all cascades until you have another Great Depression.

The U.S. is a big part of the world market so it spreads as the first Great Depression did.

[MooseOfReason]

Do you have a specific article that explains how or why the world economy would collapse?

[soundmoneyfan]

I love his diagnostics, he's a CPA so looking at results of past events is what he is good at. I don't always agree with his idea about therapeutics for our political economy. I take it you have seen IOUSA?  That was amazing how he made the numbers easy for everyone to understand the fact we are broke broke broke.

[ReliableInsider]

I think BusinessWeek is an incredibly non-controversial, non-partisan, un-biased source to turn to for stories on the economy that no one would dispute regardless of their ideology.

Sadly, it's just been sold to Bloomberg, so it's no longer independent.

But it'll still be good on most issues.

BusinessWeek . com

[ReliableInsider]

The Wall Street Journal, BusinessWeek, CNBC (television), the radio, the consensus among U.S. economists.

Allowing one company to go bankrupt is great. Allowing the whole country to go bankrupt, which could be followed by the whole world going bankrupt . . .

would just be unfair to everyone who was not responsible for the liquidity crunch that happened at the end of Bush's second term.

Banks stopped lending anybody any money. A second Great Depression loomed.