tag:blogger.com,1999:blog-11719208.post6980915919271640755..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Wall Street less popular than CongressTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-11719208.post-42881976072272230912009-12-10T18:38:13.704-08:002009-12-10T18:38:13.704-08:00Anon at 6:57 AM. Funniest thing I have in a while,...Anon at 6:57 AM. Funniest thing I have in a while, followed closely by Tim outing you Lloyd.<br /><br />PS. Thanks for doing the Lord's work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-40039772976865774182009-12-10T18:00:39.057-08:002009-12-10T18:00:39.057-08:00It's the financial institutions getting all th...It's the financial institutions getting all those subsidized ZIRP loans that annoys me the most. Why should consumer purchasing power be confiscated, and given to them? Let consumers keep their purchasing power.<br /><br />Stop printing. Let them borrow from people who want to loan to them, at market rates.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-51550020814657982172009-12-10T13:10:38.012-08:002009-12-10T13:10:38.012-08:00A little perspective. TARP money looks like it is...A little perspective. TARP money looks like it is being repaid, mostly because they were able to sell crap to the Fed at 100c when it was probably worth no more than 30c per dollar. If TARP is being mostly repaid, why do we need to extend the program? Essentially, the fundamental business model of fractional reserve banking is to lend out a whole lot of what isn't yours (aka leverage) and collect interest and fees on it. Then, when everything blows sky high (aka financial and economic crisis), get the people you are milking to bail you out under the premise of saving them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-83924634194144037422009-12-10T07:09:15.201-08:002009-12-10T07:09:15.201-08:00Uh... it's not just about TARP...Uh... it's not just about TARP...Ted S.noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-77583118613904366382009-12-10T07:05:42.482-08:002009-12-10T07:05:42.482-08:00Lloyd, please stop leaving anonymous comments on m...Lloyd, please stop leaving anonymous comments on my blog. Don't you have better things to do at Goldman Sachs?Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-90498474369720511382009-12-10T06:57:09.424-08:002009-12-10T06:57:09.424-08:00you obviously have not seen the news, but no wall ...you obviously have not seen the news, but no wall street firm has cost the US taxpayer anything. all TARP money has or will be paid back, and the government made a profit on the warrants it sold back to the banks. the only TARP losses expected are on AIG, GM and chrysler. in the meantime, the Fed's loans to AIG are paying 9%. pretty good return in these times, don't you think?<br /><br />no doubt wall street bankers are unpopular, but that is largely because of ignorant or bigoted blogs and journalists deceitfully implying that they have cost the taxpayer money.Anonymousnoreply@blogger.com