Government buys $1T of securities

[Trample the Elderly]

[*]Quantitative easing is a well know monetary tool. In your world it's always bad, in my world it can be good or bad depending on situation and how it is used.[*]You fail to appreciate the catch-22 situation we're in. All of this is not being done in jest, it's so we don't lose more jobs and business. In my world no easing means inability to lend money, inability to lend money results in more business tightening thier belts, more belt tightening means more layoffs, higher unemployment means higher default.[*]Can your bank handle 20% of its customers losing their jobs? For how long? Tell you what, we can even do the math but if I had to guess it wouldn't without a bailout. In my world I realize that it's not just about giving good loans, it's how employed we are.[*]The only reason why your bank is in business is because it's backed by the Full Faith and Credit of the United States Government. Period. In my world I am cognizant that your bank didn't pay any FDIC insurance premium between 1996-2006 and was therefore sucking on taxpayer tit.[*]My world doesn't consist of living in a cave pretending government inaction will yield positive results. I will defer to economists who don't think statistics are useless.[*]Finally, my world is not based on superficial knowledge of what America is and has always been, and how and why it got to where it is today.[/LIST][/QUOTE]

1) NIV was a well known tool too, but that didn't work very well either. I can't worry about everyone else's world. It's hard enough taking care of my own.

2) You don't think this is funny? If your world can't exist without a bailout I'm sorry. Naught Naughty Saden! Speak for yourself and use less "we" statements. We, as in my neighbors and myself will do just fine with or without full employment for a long long long time. I wish you and your own the same good fortune that "we" enjoy.

3) My bank is doing just fine. In fact we're understaffed and there is plenty of overtime, mandatory and voluntary, for everyone. I can't speak for my bank's customers. That is just too broad of a canvas to paint. I'm not on the board of directors so I can't say what kind of insurance we have. You can bet your bottom dollar it's not Llyods of London.

4) I refuse to believe in the dire situation that you paint. You see I'm tired of living in fear. When ole Bush said that Iraq was a threat I didn't believe it but I assumed that Bush and his CIA daddy had some insider stuff. BS. When he said that our economy would collapse if we didn't throw some money at AIG and all of these other "Too Big to Fail" companies I didn't believe that either. BS. Now that Obama is saying the exact same thing as Bush, I don't believe that either. BS. Fear is a nasty thing that I can do without.

5) My bank exists because it does good business, just like every other capitalist enterprise in the world. Period. In fact we didn't take any of the bailout money, nor did Ford and a lot of other businesses. We ate a lot of bad paper from the "good times", but our shareholders (AKA: employees) ate that, not the American taxpayer. If we go under so be it.

6) Ah yes, you must be referring to the "Masters of the Universe" that got themselves into this mess. Now those are the people that I'd give my money too. He he he

7) I cannot speak for all of America, only my little slice. My family has been living on it before there was an America, and probably still will be once this whole thing is forgotten and a distant memory. There is still a Rome and it's still full of Italians.

You seem really upset Saden. I guess your not making as much money as you're used to. I feel for you, no sh*t. There's nothing that I can do to stop any of this. This isn't in my hands. I'd love to have this little spat on the deck of my yacht in the Keys but we will not any time soon.

You can say that I'm a cave dweller just because my way of thinking is different and the way I do business is foreign to you, but that doesn't help your argument. It'll be alright though. My people will get along like we always do with or without this farce that you place so much faith in.

You think that things will get better because your man is in there, fine. There's no difference between the two in my eyes. Meet the new boss, same as the old boss . . . . or so the song goes. You can get upset if you want to. You're not going to change my mind and I'm not here to convince anyone of my point of view or to prove a point. I've learned my lesson on that one. I'm just going to sit back and enjoy the ride and laugh at the people who blow their cool.

If they throw a war, I'll not go. If they throw a depression, well I'll skip that too. Revolution? Let me know who wins. Now when they throw a party let me know. I'll be there. Until then, there is the Washington MOFO Redskins babe, oh yeah!!!!

Happy Friday Everyone! Job or no job, everyday above ground is a good day!