Comments for Bank Bailouts: Goldman's Debt to Society at http://www.cepr.net , comment 1 to 9 out of 9 comments http://www.cepr.net Sun, 19 May 2013 09:50:44 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/bank-bailouts-goldmans-debt-to-society/#comment-1057 Debt help Online | Locate and Find Debtors....... ------------------ johnsmith [url=http://debtrecoverysupport.com]Debt Recovery[/url] - johnsmith Sat, 19 Jun 2010 20:09:09 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/bank-bailouts-goldmans-debt-to-society/#comment-458 Although I trust your analysis completely, I'm finding the point is hard to grasp. - karen Wed, 05 May 2010 12:06:00 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/bank-bailouts-goldmans-debt-to-society/#comment-438 Perhaps the worst effect of the Fed's action of providing virtually interest free loans to banks has been to drive down the interest rates banks pay on deposits. The same holds for money market funds. Just look at the interest rate you now earn on bank deposits or on any cash held in your 401K. Chapter 2 will occur when the Fed brings its funds rate back to normal levels. That will result in higher interest rates on mortgages and higher interest rates on bonds. If you own a bond fund in your 401K look for its value to drop by 15% over the next 12 to 18 months. - Ron Alley Tue, 04 May 2010 13:21:48 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/bank-bailouts-goldmans-debt-to-society/#comment-435 This is why we should be taxing their profits. Any bonus over $100,000 should be taxed at the 50% rate minimum. - bakho Tue, 04 May 2010 07:07:47 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/bank-bailouts-goldmans-debt-to-society/#comment-434 That might be roughly true, but there is likely return to the government that is the result of the banks extracting wealth from the economy or maybe even adding a little value. It was not all additional borrowing or recycled tax dollars as it would have been if the fed had just monetized the debt. Also the comparison ignores any multiplier effect on the economy by routing the money through the banks. In some ways touting the profits from the fed's actions is just a way of cheering that the money successfully made some kind of round trip through the economy. - ellidc Tue, 04 May 2010 06:43:02 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/bank-bailouts-goldmans-debt-to-society/#comment-432 Plenty of people get it - you are obsessing too much on the clearly dying MSM that is now mainly talking to itself. If people didn't understand the essential BS the MSM/government is handing out (Whitacre's commercials, the Admin's repayment happy talk, etc.), then there wouldn't be at large screaming about Admin/GM shell games and the monster of potential hyperinflation (due to the Fed's additional printing of $1 trillion to prop up the "financial system" - which mostly means the NY-DC power nexus). The clearest manifestation of this public awareness is the rise of the heavily maligned (perhaps even by you too) Tea Parties. - cas127 Tue, 04 May 2010 04:27:12 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/bank-bailouts-goldmans-debt-to-society/#comment-431 The Fed still holds over a $trillion in mortgage-backed securities. Banks would not be in such good shape if all that were dumped. - skeptonomist Tue, 04 May 2010 04:26:17 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/bank-bailouts-goldmans-debt-to-society/#comment-430 Dean, Great points, but what about Maiden Lane X? That's an even easier point to get across - paying 100 cents/dollar for known trash. It's like the Fed offering to pay peak bubble price for my house now (I bought pre-bubble, but that's besides the point). Why can't I get that deal? Should I file for status as a financial holding company and then stop paying my mortgage? - alex Tue, 04 May 2010 04:17:36 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/bank-bailouts-goldmans-debt-to-society/#comment-427 Brainwashed bean counters, Can't see beyond the count, Of zero sum trade offs, Reported as profit and loss. The same zero trade offs, Stomped with teabag glee, When selling lower taxes, And deregulation of monopoly. Killing Capitalist Eggs, And the Golden Geese that laid them, Suddenly go patriotic when tables turn, Socialized losses traded for gains unearned. - izzatzo Tue, 04 May 2010 02:08:18 +0100