19-07-2003 23:35									#181
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"That is the case with any bankrupt institution."

Yes, but this ones are government created, partly government-backed, and percieved as almost fully government-backed.

So they're somewhat different animals.

	19-07-2003 23:36									#182
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quote: Originally posted by Ted Striker libertarian

Pass the dutchie...

	19-07-2003 23:36									#183
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das Osterreich Banksystem ist bunt

	19-07-2003 23:38									#184
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Nope, it's two-coloured.

	19-07-2003 23:38									#185
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quote: Originally posted by HershOstropoler "That is the case with any bankrupt institution." Yes, but this ones are government created, partly government-backed, and percieved as almost fully government-backed. So they're somewhat different animals.

Is this what you believe or others? I say, let it fall. The government never had a guarantee. So there. That's a risk bondholders take. They speculate. LEt em eat their loss.

	19-07-2003 23:39									#186
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lots of people "
percoeved" that the worls wouldn't let Russia default. But we did. So much for nuclear powers never defaulting. You loan money, you take a risk.

	19-07-2003 23:42									#187
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"They speculate. LEt em eat their loss."

Yup. But the government guarantee, limited as it is, has given an edge to this speculation. Doesn't mean they shouldn't eat their losses, but the effect is still one that the government, just by perceptions it creates, subsidises the housing sector. The sooner it ends, the better.

	19-07-2003 23:43									#188
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quote: Originally posted by HershOstropoler "They speculate. LEt em eat their loss." Yup. But the government guarantee, limited as it is, has given an edge to this speculation. Doesn't mean they shouldn't eat their losses, but the effect is still one that the government, just by perceptions it creates, subsidises the housing sector. The sooner it ends, the better.

Agreed. A simple statement would be enough for me. Of course when they eat their loss, it will make them know we are serious.

	19-07-2003 23:44									#189
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There is a lot of moral hazard out there. But the thing is, you can never count on a bailout. Even if the previous administration were in power. Investors never KNOW that they will get the bailout. THey just know that there is a chance of it. SO they don't demand as high a premium. But...well...they will learn.

	20-07-2003 00:38									#190
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"But...well...they will learn."

Don't think so. This would be a good deal bigger than S&L, and shake the financial system that is fragile anyway. I think the Fed and Washington will do everything to prolongue this game.

	20-07-2003 06:22									#191
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quote: Originally posted by HershOstropoler "But...well...they will learn." Don't think so. This would be a good deal bigger than S&L, and shake the financial system that is fragile anyway. I think the Fed and Washington will do everything to prolongue this game.

But I thought you agreed that the failure must be allowed to happen. That that is the easiest way. I don't think we should liquidate it immediately. We should let it fail naturally. Liquidating it if it has not broken covenants is overly generous to bondholders. Let their invesments decline more first. THat is the deal with bonds, you don't get to provoke bankruptcy at any time. Only under set conditions.

	20-07-2003 06:24									#192
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The money is gone in any case. Why will it "shake the foundations" if we let the investors take the hit instead of taxpayers? That is hyperbole. The simplest thing is a bankruptcy. Let the carnage proceed. I'm strong. Life will go on just fine...

The carnage-scared are just trying to get a bailout. Let the think die if that is natural.

	20-07-2003 06:35									#193
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Fortunately GP is not the Fed Chief. What a moron.

	20-07-2003 06:36									#194
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quote: Originally posted by Kidicious Fortunately GP is not the Fed Chief. What a moron.

Nice rebuttal... you have anything to say that isn't a insult?

	20-07-2003 06:41									#195
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quote: Originally posted by Fez Nice rebuttal... you have anything to say that isn't a insult?

Are you his mommy?

	20-07-2003 06:42									#196
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No.. just another forumer noticing things. You call everybody who doesn't agree with your illogical communist beliefs a moron.

	20-07-2003 06:44									#197
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quote: Originally posted by Fez No.. just another forumer noticing things. You call everybody who doesn't agree with your illogical communist beliefs a moron.

No I don't. I challenge that.

	20-07-2003 06:45									#198
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quote: Originally posted by Kidicious No I don't. I challenge that.

The fact that your beliefs are illogical or the fact that you call everybody a moron who doesn't agree with you?

Don't act like you are a god when it comes to economics.. you don't know anything when it comes to this topic.

	20-07-2003 06:49									#199
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quote: Originally posted by Fez The fact that your beliefs are illogical or the fact that you call everybody a moron who doesn't agree with you?

I said I challenge that. I only just now called some one a moron.

	20-07-2003 06:50									#200
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quote: Originally posted by Kidicious I said I challenge that. I only just now called some one a moron.

If I am not mistaken, you have called me a moron.

	20-07-2003 06:52									#201
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quote: Originally posted by Fez If I am not mistaken, you have called me a moron.

You are mistaken. I called you a fascist. The two are not necessarily the same thing.

	20-07-2003 06:54									#202
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quote: Originally posted by Kidicious You are mistaken. I called you a fascist. The two are not necessarily the same thing.

To find out what I really am, visit the first link in my signature.

	20-07-2003 06:55									#203
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btw, thanx for telling GP that I called him a moron. He claims to ignore me.

	20-07-2003 06:57									#204
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quote: Originally posted by Fez To find out what I really am, visit the first link in my signature.

I can't read that.

	20-07-2003 06:57									#205
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quote: Originally posted by Kidicious btw, thanx for telling GP that I called him a moron. He claims to ignore me.

You may have bad beliefs but you are funny...

	20-07-2003 06:58									#206
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quote: Originally posted by Kidicious I can't read that.

Learn Spanish then... Or go to a translator online and translate..

It is PM Jose Aznar's party.

	20-07-2003 06:58									#207
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quote: Originally posted by Fez You may have bad beliefs but you are funny...

Same to you.

	20-07-2003 06:59									#208
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quote: Originally posted by Fez Learn Spanish then... Or go to a translator online and translate.. It is PM Jose Aznar's party.

What is their main issue? Why do you support them?

	20-07-2003 07:01									#209
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quote: Originally posted by Kidicious What is their main issue? Why do you support them?

They are a conservative party... they have lowered unemployment drastically in the past few years... struck down labor laws, and made drastic improvements to the education, health and civil services systems. Along with tax system too.

And the fact that Aznar sided with Bush.

	20-07-2003 20:55									#210
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Should I put Fez on ignore too? I gained nothing from reading him talking to the guy who is on ignore.