Fed pumps $1.2tn into US economy

[MoD_Scotty]

http://news.bbc.co.uk/2/hi/business/7951493.stm

Yeah, that's $1.2TRILLION

[simontibbett]

Sweet!!!!! :)

[metalman]

Can you say "crash the dollar"? :lol:
You cant truly 'recover' by printing more money.
That adds to the problem in the long run. My .02

[simontibbett]

The dollar sucks anyway.

[MoD_Scotty]

They're not printing more money. They're buying $300B of US Treasuries, and then $750B of mortgage-backed securities.

[redrumracer]

The dollar sucks anyway.
the global economy sucks, not just the US's

[simontibbett]

the global economy sucks, not just the US's

Yeah, well the world sucks.

[redrumracer]

Yeah, well the world sucks.
It does, maybe thats why I've always wanted to be an astronaut.

[metalman]

They're not printing more money. They're buying $300B of US Treasuries, and then $750B of mortgage-backed securities.

Yeah uhhuh..buying it with what? :lol:

[jesseealexander]

Yeah uhhuh..buying it with what? :lol:

what he means is they arent simply just printing more money.

all i wanna know is, wheres my check?

[Reverend Greg]

I really hate talking politics,But.........we are in such a deep financial hole because of the interest rate hike during the last year of Bush's presidency.The reason alot of people "got in over there heads" was because the mortgage wouldnt offer standard mortgages to c-tier home buyers,when all you can get is an ARM you sign it.Then Alan Greenspan and the Fed raise interest rates every 3 weeeks for months,and an affordable mortgage goes up $300 every month until people cant handle it any more.Sure they try to cut back on expenses,but it is a losing game every budget cut is met with a payment increase.Those cut expenses cripple the economy at large causing job cuts to those "on the low end",Bingo forclosure.As the economy ground to a halt it was cascade effect.Just a thought.Its a bout taking care of one another not look how much I can take from the other.

[metalman]

I really hate talking politics,But.........we are in such a deep financial hole because of the interest rate hike during the last year of Bush's presidency.

I would have to say thats not really correct, or an over simplistic explanation at best.

The reason people were over their heads is because of long standing political 'socialist' policy that suggested that every Amercian should own a home, even those who really cant afford one. Government 'insisted' easy money led to a bubble which has burst...once those in too deep began defaulting...and subsequently the banks issuing all the bad loans based on easy credit and inflated real estate values crashed along with it.

However, our National financial woes have much more involved with them then just the real estate and banking issues...although they indeed are crucial ones.

[Reverend Greg]

True I have simplified " the " reason ,but it is the reason we are in this mess.Ask your self ,"were did all the money from Iraq's oil go?Why did the economic stimulus passed in the fall of last year almost match the amount of money in Iraqs surplus?"war profitplain and simple Achems razor, the simplest answer is the truest.

[scandmx5]

greg are you really a preacher?

[metalman]

Ummm yeah...okay. :rolleyes:

[Reverend Greg]

Why Yes yes I am ,no crap,and a welder/ machinist ,and former bodyguard.And was a car salesman(MazdasSubarusKiasHyundais)Go figure.By the way I humbly respect your opinion Metalman