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DU seems to hope for an economic collapse

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bbinacan Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 08:24 PM
Original message
DU seems to hope for an economic collapse
I'm sick and fucking tired of many here that seem to want an economic collapse. Why the loathsome attitude toward the Federal Reserve Bank. Do you even know why it was created? It was created, in part, to provide liquidity to banks to avoid runs on the banks. An Adam Smith attitude would say, you guys fouled up, and you may go out of business. My common sense tells me that there must be equilibrium in the liquidity of the banking system to maintain confidence with the depositor.

NO FED = BANK RUNS.

Get a clue folks.


:mad:
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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:15 PM
Response to Original message
1. Free Republic doesn't have a monopoly on morons.
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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:17 PM
Response to Original message
2. We got your point in your other identical post.....
And there's a difference between hoping for and expecting one, BTW. :think:

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Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:18 PM
Response to Original message
3. The fact that you posted this TWICE in a half hour shows me that
you're just as scared about what's happening as the rest of us.
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uppityperson Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 09:27 PM
Response to Reply #3
4. 'twas only 6 minutes. Think OP doesn't know about editing to make title sexier?
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=3019420&mesg_id=3019420
Or maybe just likes to post the same thing with a different header to see which gets replies? I seem to recall this happening last wk also. Odd, eh?
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quadriga Donating Member (306 posts) Send PM | Profile | Ignore Sun Mar-16-08 09:35 PM
Response to Original message
5. Oh yeah, cause the Fed did such a great job diverting the 1929 crash.
Bravo.
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Elidor Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 10:13 PM
Response to Original message
6. Whoa, it's deja vu all over again
What are you, an infomercial for the Fed?
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