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Timmy Drops A Little Bombshell....

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http://www.morningstar.co.uk/uk/markets/newsfeeditem.aspx?id=153856465965998

..........

By almost any measure, the U.S. financial system is in much stronger shape, not just relative to the depth of the crisis but also relative to conditions that prevailed before it hit.

We have recovered most of the investments the government made to put out the fires and avert disaster. While many misperceive the investment made in banks under the Troubled Asset Relief Program as an unfair and unjust gift to the financial sector, we have already turned a profit on these investments, and we may do so on all the government intervention programs. Moreover, these actions have helped to restart economic growth, increase the value of American families' savings by trillions of dollars, make it possible for businesses to borrow again, and prevent a second Great Depression.

.........

The Securities and Exchange Commission, the Commodity Futures Trading Commission and the banking regulators have outlined the major elements of reforms to bring oversight, transparency and greater stability to the $600 trillion derivatives market.

In with all the waffle there's this little gem, how many times is this bigger than the US economy?

Luckily all these derivatives cancel themselves out to $0.

Luckily the banks aren't still too big to fail....

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When he said "American Families" he meant about 30 of them.

Yeah but the USA is the Land of Opportunity so the other 150 million families can maybe become one of those 30 one fine day!

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http://www.morningstar.co.uk/uk/markets/newsfeeditem.aspx?id=153856465965998

In with all the waffle there's this little gem, how many times is this bigger than the US economy?

Luckily all these derivatives cancel themselves out to $0.

Luckily the banks aren't still too big to fail....

Geithner absolutely slap bang nails it once again, and this is why the US will always prosper because when the chips are down the US Govt can be relied on to do absolutely everything to make sure Main Street is looked after and comes up trumps.

Ohhhhh say can you seeeeeee.....

Edited by Mary Cassatt

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Geithner absolutely slap bang nails it once again, and this is why the US will always prosper because when the chips are down the US Govt can be relied on to do absolutely everything to make sure Main Street is looked after and comes up trumps.

Wise words.

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Geithner absolutely slap bang nails it once again, and this is why the US will always prosper because when the chips are down the US Govt can be relied on to do absolutely everything to make sure Main Street is looked after and comes up trumps.

Ohhhhh say can you seeeeeee.....

Again, tell me, what was that default thing about?

Oh say can you see the deficit?

Edited by nmarks

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Dear Timmy.

The fires were not in main street, they were in the shadow banking system.

The shadow banking system creates no new wealth, it is simply a scheme whereby credit between financial entities increases and increases until something happens to confidence.

THEN you took 700Billion from main street and used it to shore up the zero sum game of Wall Street, then added QE, again all going to Wall Street.

Meanwhile, inflation is here, unemployment is stuck at around 10%, and QE3 is beginning. The debt ceiling is hit again, and the defaults are possible, and yet, you decide again, to pay the bankers and it will be Main Street that goes into Austerity.

GFY

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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