ntby The Forsaken - Main Board
"bailout of Wall Street" That's not actually true. Government doesn't care about Wall Street - this shit happens literally at least once every 5 years. --Well, I think it is debatable. It is the Wall Street firms that have no liquid capital to operate. And it would be the government bailing them out so they could in turn function again in the market. But yes, the baby The Forsaken - OT Board
I don't necessarily disagree with what you wrote, I'm just not agreeing with you thinking it is not a good summary. It is a good summary. You think the credit markets, things like commercial paper and such, are going to have a huge impact. They might, but that's also not -the- point; it is a point, one of many relative to everything just like everything else is relative within eby The Forsaken - OT Board
I'll give it a listen next week when I have the time. Thanks.by The Forsaken - OT Board
But I thoroughly enjoy Ron Paul and (mostly) support his message.by The Forsaken - OT Board
does it basically state that the money is artificially generated in that banks can loan more and more by keeping less capital to back up the loans? The ability to loan tens of dollars for every one dollar deposit is a huge culprit. Could you summarize it? Edited to add - I didn't say the federal reserve created it. *shrug*by The Forsaken - OT Board
Cheap money and created money (unleveraged to overly leveraged) had to go somewhere.by The Forsaken - OT Board
Blame Clinton (and Carter) for forcing lending institutions to give mortgage loans to risky families through the Community Reinvestment Act. Blame government (in general) for keeping interest rates so low as to further flood the markets with cheap money which was nothing but a band-aid against the tech-burst to encourage new growth. Blame Democrats and Republicans for a lack of oversight anby The Forsaken - OT Board
Matraien and I made a perma several years ago. My char was already level 25 (elf sword) and I had another storm warrior at 15. So with three separate characters I powered his human muter to like 28 in under 2 hours, and that included 2 mob deaths in the mausoleum (we went to the maus as soon as he got haste and a bridge groupmate). It was pretty sick. Elf sword, perfected skills, and with tby The Forsaken - Main Board