[Twilight]

$this->bbcode_second_pass_quote('CarlosFerreira', 'd')o you think the US Govt might be giving itself a bailout by postponing the tough decisions and giving the problem to the next one?

[DantesPeak]

$this->bbcode_second_pass_quote('CarlosFerreira', 'O')K, let's get this straight. I've heard the news, and there has been a public speech by Bernanke and Paulson, they went to the Congress to ask for a You-are-free-from-jail card to hold these guys, plus Freddie Mac and Fannie Mae. Nice. Pretty much what you said.
So, coupled with the mounting cost of war in Iraq and Afghanistan, plus the whole economic turmoil and the mounting pressure from Peak Oil, the US Govt. might run the printers to essentially create money out of nothing. Inflation follows.
Thing is, Asian countries with dollar reserves are already dumping dollars worth less and less in the market. So, even more money than the one being created artificially to supress the need for imaginary money.

Dollar loses more and more value, so dropping the rates will evidently won't help. Somewhere ahead, they will have to face the grim reality (after the elections, do you think), and raise the rates. That will essentially paralyze an economy that's already in life support. Will kill it to reset.
So, if my thinking is right, do you think the US Govt might be giving itself a bailout by postponing the tough decisions and giving the problem to the next one?
As we say here in Portugal, last man out please turn off the lights...

[DantesPeak]

The NEW IndyMac.

Same as the old one.


A long line of customers enter IndyMac Federal Bank Monday at IndyMac headquarters in Pasadena, Calif., to pull as much money as they can from the failed financial institution.
$this->bbcode_second_pass_quote('', 'W')hat if my bank fails? Some questions and answers
THE ASSOCIATED PRESS Monday, July 14th 2008, 5:34 PM
CHARLOTTE, N.C. - The government's seizure of IndyMac Bank raises concerns for many consumers about whether their banks might be next.
While it is unlikely the nation will see thousands of banks fail as they did during the savings and loan industry collapse in the late 1980s and early '90s, analysts predict there will be more battered financial institutions that are unable to survive in today's marketplace.
"IndyMac's failure is certainly a broader issue," said Eva Weber, an analyst at Aite Group, a financial services research firm. "Those who are trenched in more risky business, who are feeling more heavy losses, may be at more risk."

[Snowrunner]

$this->bbcode_second_pass_quote('lorenzo', '')$this->bbcode_second_pass_quote('EnergyUnlimited', 'C')ommunists will also screw you up.

[Snowrunner]

$this->bbcode_second_pass_quote('DantesPeak', 'I') had thought the US could differ the economic collapse until 2010, but apparently PO is not cooperating (net oil available to importers are falling fairly signficantly already). So the US dollar may stand for one more year, but that's about it.

[Homesteader]

$this->bbcode_second_pass_quote('DantesPeak', 'T')he NEW IndyMac.

Same as the old one.


A long line of customers enter IndyMac Federal Bank Monday at IndyMac headquarters in Pasadena, Calif., to pull as much money as they can from the failed financial institution.
$this->bbcode_second_pass_quote('', 'W')hat if my bank fails? Some questions and answers
THE ASSOCIATED PRESS Monday, July 14th 2008, 5:34 PM
CHARLOTTE, N.C. - The government's seizure of IndyMac Bank raises concerns for many consumers about whether their banks might be next.
While it is unlikely the nation will see thousands of banks fail as they did during the savings and loan industry collapse in the late 1980s and early '90s, analysts predict there will be more battered financial institutions that are unable to survive in today's marketplace.
"IndyMac's failure is certainly a broader issue," said Eva Weber, an analyst at Aite Group, a financial services research firm. "Those who are trenched in more risky business, who are feeling more heavy losses, may be at more risk."

[Ferretlover]

It's going to be quite interesting to see what the common man/bank customers do now and how they affect the financial markets.
All those 10,000 plus IndyMac customers are going to be leary of depositing their money anywhere; furthermore, they are going to talk to family and friends, and get Them worked up, too. Be on the lookout for reports of bank runs.

[Twilight]

$this->bbcode_second_pass_quote('DantesPeak', 'T')he NEW IndyMac.

Same as the old one.

[Sixstrings]

Just spotted this story on Drudge Report:

"Police ordered angry customers lined up outside an IndyMac Bank branch to remain calm or face arrest.."

Full article:
http://www.dailynews.com/breakingnews/ci_9887404

[DantesPeak]

$this->bbcode_second_pass_quote('Twilight', '')$this->bbcode_second_pass_quote('DantesPeak', 'T')he NEW IndyMac.

Same as the old one.