Thread: I'll give you $100 if you give me $99 tomorrow

I don't know about you, but if a man came up to me and offered me this deal, I would be borrowing as much as possible from him.



Too bad this never happens in the real world.




Right?

Originally Posted by NAKED N00B

I don't know about you, but if a man came up to me and offered me this deal, I would be borrowing as much as possible from him.

Too bad this never happens in the real world.




Right?

The Federal Reserve Bank System was in charge of regulating Wall St and their risky investment BEFORE the crash. They screwed that up badly, why should we believe them now? Do you have anything from a reliable source?

Originally Posted by Prof. Peabody

The Federal Reserve Bank System was in charge of regulating Wall St and their risky investment BEFORE the crash. They screwed that up badly, why should we believe them now? Do you have anything from a reliable source?

If I was a good Christian, I wouldn't be casting my pearls at you.

Take your pick

Originally Posted by NAKED N00B

If I was a good Christian, I wouldn't be casting my pearls at you.

Take your pick

Geithner's risky advising with Citigroup

By JEFF GERTH- PROPUBLICA, POLITICO

Updated 03:08 p.m., Monday, May 2, 2011

As president of the New York Federal Reserve Bank, Timothy Geithner often preached that gargantuan financial firms like Citigroup should be held to the highest regulatory standards to make sure they couldn't take on too much risk.

But when it came to supervising Citigroup in recent years, the record shows that the New York Fed eased the reins as the company blew billions on subprime mortgages and other risky deals that ultimately forced the biggest bank rescue in U.S. history.

Geithner's tenure at the New York Fed – which bore the major responsibility for supervising Citigroup – covers a tumultuous span in which the sprawling conglomerate spiraled from the country's biggest banking company to one of its largest welfare cases.

Should the New York Fed have seen trouble coming and prevented it? As Citigroup took on risk and its capital deteriorated, what oversight did Geithner exercise? And what contacts, if any, did Geithner have about regulatory matters with Citigroup officials, including Rubin, under whom Geithner worked at Treasury in the 1990s?

Geithner's risky advising with Citigroup - seattlepi.com

Yet you regularly post from the same Federal Reserve System that brought us the Wall St crash by Geithner being a sleep at the wheel in his job or worse. Using them as a source demeans the credibility of your posts.

Originally Posted by Prof. Peabody

Yet you regularly post from the same Federal Reserve System that brought us the Wall St crash by Geithner being a sleep at the wheel in his job or worse. Using them as a source demeans the credibility of your posts.

Completely ignoring the link I see, as if attempting to discredit FRED by attacking an single employee wasn't preposterous enough.

Originally Posted by Hare

Completely ignoring the link I see, as if attempting to discredit FRED by attacking an single employee wasn't preposterous enough.

Unless you can bring me a link verifying their credibility.............................

Originally Posted by Prof. Peabody

Yet you regularly post from the same Federal Reserve System that brought us the Wall St crash by Geithner being a sleep at the wheel in his job or worse. Using them as a source demeans the credibility of your posts.

1. Glad to hear you think the problems with the economy stemmed from a lack of regulation. You're not completely lost.

2. Put forth something contradicting my data or stop being a whiny punk.

3. Where is every other member who has ever stated we cannot afford to borrow?

Originally Posted by NAKED N00B

1. Glad to hear you think the problems with the economy stemmed from a lack of regulation. You're not completely lost.

Sorry, you mis interpreted my statement. We have an abundance of regulations ones the NY Fed cared to ignore. Why should I believe anything the Fed system has to say?

Originally Posted by NAKED N00B

2. Put forth something contradicting my data or stop being a whiny punk.

I asked how old you were on a different thread, I have my answer. Judging by your post I'm thinking it can't be over 12 years old.

Originally Posted by NAKED N00B

3. Where is every other member who has ever stated we cannot afford to borrow?

We are over $15 trillion dollars in debt, that means each citizen's share of this debt is $50,432.29.

Originally Posted by Prof. Peabody

Sorry, you mis interpreted my statement. We have an abundance of regulations ones the NY Fed cared to ignore. Why should I believe anything the Fed system has to say?



I asked how old you were on a different thread, I have my answer. Judging by your post I'm thinking it can't be over 12 years old.



We are over $15 trillion dollars in debt, that means each citizen's share of this debt is $50,432.29.

Do you ever give a straight answer?

I don't care if I'm in debt $1,000,000. I am borrowing as much as I can from the guy in this example because he is paying me so he can hold my debt. It's unbelievably simple.

And why do you keep insisting I'm 12? Do you normally get intellectually dominated by 12 year olds?

Originally Posted by NAKED N00B

Do you ever give a straight answer? I don't care if I'm in debt $1,000,000. I am borrowing as much as I can from the guy in this example because he is paying me so he can hold my debt. It's unbelievably simple. And why do you keep insisting I'm 12? Do you normally get intellectually dominated by 12 year olds?

Your childish jibes give your age away. Now since this post hasn't any, what "question" aren't I giving a straight answer on?