USA Just Gone Bust

[BrilloPad]

Yes, let them go pop, and pursue all the City bankers personally for any losses. Every single person involved in the banking industry in any shape or form should be personally bankrupted and made to pay every penny back over the last 10 years.

[bobhope]

So the problem of excess money and too lax lending standards is solved by creating more money and relaxing lending standards !?

[DimPrawn]

So the problem of excess money and too lax lending standards is solved by creating more money and relaxing lending standards !?

In the short term, yes. Business as usual. Fill yer boots!

[AlfredJPruffock]

I read with interest the predictable hysteria on this board regarding what can only be termed as a mere 'tweaking' of the US economy.

Those whom would have us believe that the US economy is in anything less than a robust condition should join the ranks of the 9-11 Marxist Terrrorists such as Saddam who predicted that the costs of the Iraq War would break the US economy.

In an Iron Coffin - with Spikes on the inside.

[AtW]

Looks like markets are pretty happy with this move. USD does not seem to suffer from it. Shareholders of those companies are shafted though. Looks like I was right after all

[HairyArsedBloke]

Looks like markets are pretty happy with this move.

Their 'joy' doesn't look so great when you look at the daily chart.

[AlfredJPruffock]

Interestingly this State intervention funded by the US taxpayer in the heart of the Land of the Free does seem to demonstrate the 'Illusion' of free markets - perhaps fundamentally extreme socialism (communism) and extreme capitalism (fascism) are two sides of the same coin.

[DimPrawn]

Interestingly this State intervention funded by the US taxpayer in the heart of the Land of the Free does seem to demonstrate the 'Illusion' of free markets - perhaps fundamentally extreme socialism (communism) and extreme capitalism (fascism) are two sides of the same coin.

http://www.thedailymash.co.uk/news/i...-200809081236/

[AtW]

Their 'joy' doesn't look so great when you look at the daily chart.

That charts shows last few months of heavy falls, today's reaction is positive for sure.

[BrilloPad]

Looks like markets are pretty happy with this move. USD does not seem to suffer from it. Shareholders of those companies are shafted though. Looks like I was right after all

How much did you bet on it?