The Volcker Rule Is Great Public Policy!

That's nice, all businesses do not disappear in a depression. Hyperbole much?

 

The central bank is the fifth plank if the Marx's manefesto

 

Central banks can only create monetary inflation. Monetary inflation leads to malinvestment by those who are extended the expanding credit.

 

When there is no market?
What are you talking about?

 

The market was frozen during financial crisis so there was in effect no market so Mark to market Was stupid at that point

 

exactly and for the 10th time and leverage use by Bear Stearns was not monetary inflation

 

Whatever preserves millions of capitalist businesses is a good thing if you want to preserve capitalism and not encourage a transition to socialism

 

All businesses will not disappear but millions would fail thus leading people to think capitalism had failed and a transition to socialism was necessary

 

There were literally dozens of programs and none of them so far as I know amounted to "giving" as you describe it

 

Then you don't know squat about QE which gave 1.3t per year for several years running.

 

Are you four?

 

are you saying that all the adult eeconomics Ph.D's and adult financial experts who agree with me are in effect, like 4 year olds? of course if you say yes I will show you their opinions and you will have to confute them after having wasted time calling us 4 year olds. Do you understand?

 

can you be more specific about exactly where when and how this secret giving took place???

 

your comment that mark to market was "stupid" because "there was in effect no market" is sophomoric at best. Is there a market today? Mark to market rules are still suspended

Secret? $80 billion per month for 4 years was secret?

 

actually today's rules require mark to market if there is an orderly market but fair value if there is not!!

 

you said it was "giving". Do you want to retract??

 

Nope, 'cause it was. The FED took $80b worth of failed securities off the books of the banks, replacing them with cash, at face value, not market value, every month for 4 years running. Yeah, that's giving. But since you love you some trickle down........

Oh yeah, and let them park the cash at the FED for 1% gain

 

Mark to fantasy when the **** tanks.
Yeah, good job trickle down hero

 

no idea what you are trying to say there???

 

1) what they did was far better than a depression
2) banks were burdened or bankrupted by silly accounting rules that Fed was not. Fed made up for what silly accounting rules took away and what govt sponsored housing recession took away.
3) still many huge companies went bankrupt thus hugely reducing moral hazard.

 

Yes, I see. We had to make rich bankers that drove their businesses into the gutter with extreme risk and leverage richer, for our own good

Oh, the silly GAAP accounting rules every legit business has to abide by. My bad

 

Mark to whatever you want when your risk and leverage tanks the system. How nice

Did the FED take people's homes off their hands at purchase price too?

 

goofy, most bankers got poorer and many lost their jobs and many banks went bankrupt. You have a pretend scenario in your head that you keep repeating while you also pretend that a huge depression would have been no big deal!!!.

 

why do you keep pretending only the banks were responsible?? Don't you think that makes you look foolish when you have learned 21 times the libgovt was largely at fault?

Also, mark to market does not mean whenever you want. there are strict rules.

 

there were many possible options I doubt that one would have helped as much.