Former Fed Chairman Bank Rule Ignored
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you think a fed chairman is in favor of free markets? what are you on crack??? FEDERAL RESERVE = SOCIALISM/FASCISM... GOLD & CONTRACTS = FREE MARKETS.. how do you have so many people watching when you are so oblivious?
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@thegillotine09 I can clearly see now that you're mentally unstable. You have no basis to tell me what I think from my objective statements, and you're not even educated on the topic at hand. You're nothing but a dysfunctional imbecile that gets off on belittling those who are far more intelligent. Kindly learn what a derivative is and go fuck yourself.
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Other palm to the face.
I totally agree that politicians are the most immoral people in society. The difference (apparently) in our opinion is that you think they should be empowered more.
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@thegillotine09 Do you even know what a derivative is?
It's obviously OUR money when bailouts, TARP, quantitative easing, and the FDIC are involved. More directly, the CDO buyers were lied to by CRAs, housing prices are through the roof, and the global economy is destroyed.
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palm to the face.
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@thegillotine09 It's not investment... they're derivatives...
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@jludo said "we could have let the banks fail and used the money we printed to bail out those who had deposits in the bank". LOL That only makes sense to people that dont understand what FDIC insurance and leverage is.
U also said, "we could have temporarily expanded FDIC insurance". First of all we did expand it to $250k. Second if u let the banks fail then theres no need for FDIC insurance because there wouldnt be any banks to insure! Ur last statement indicates u just dont know any better.
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@thegillotine09 I agree with you fully about investment, like I said before. But there were bills trying to be passed to separate the money we have in the banks with the money that is being invested with, which as we saw in 2008 ended up fucking us.
Or at the very least being only able to back the investment better than $1 for $100, so if the invest does go bunk we don't get as hard as we would've.
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@Astro9320 The difference between the right and left wing is that the US only has the former.
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the only different between the left and right wing is one secretly loves money and the other openly loves money
Astro9320 4 months ago in playlist October 24 15
A video that tells the people the absolute truth. Also uploaded on my birthday..
JonnyHackerRed 4 months ago 5