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So the FED has thrown $1Trillion in Liquidity at the problem so far and it still persists...

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Blackhatjack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 01:11 PM
Original message
So the FED has thrown $1Trillion in Liquidity at the problem so far and it still persists...
Edited on Mon Mar-17-08 01:12 PM by Blackhatjack
Sounds like the FED needs a new plan.
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bicentennial_baby Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 01:12 PM
Response to Original message
1. Hehe, see here:
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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 01:13 PM
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2. Repeating the same thing over and over
and expecting different results is not only insane, it's the Bush doctrine.
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catnhatnh Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 01:15 PM
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3. Gee, and congress just upped the debt ceiling to 10.2 trillion....
....what a coincidence! I wonder if that's enough to get us through the next 90 days?
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librechik Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 01:23 PM
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4. all the folks at the top soaking up all the liquidity, so none to trickle down on the rest of us?
I'm sure Bernanke is at wits end...
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The_Casual_Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 01:24 PM
Response to Original message
5. But it's fake borrowed & printed money. So it may as well be a million trillion.
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DemocratDammit Donating Member (15 posts) Send PM | Profile | Ignore Mon Mar-17-08 01:26 PM
Response to Original message
6. I see this as like a stricken submarine.
The helm backs the propellors, and blows the ballast tanks madly, but nothing is going to stop the plunge to the bottom.
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TreasonousBastard Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 02:16 PM
Response to Original message
7. And again I ask-- does anyone have a better idea how to deal...
with the problem.

I hear cries of doom all around, but the one solid thing being done to avoid said doom is belittled-- so, economic wizards of DU, what is your vastly improved solution?

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