I'm doing well with the high rates... CDs, US Treasure Bonds...Mid inflation. Now, when I choose a treasure, I go for the highest yield (between 3-9 months). I feel they are going to stay high...Because of the US borrowing/inflation. I grab the best rate and hope they continue to stay high...Prove me wrong Fed!!
Yeah but the problem is we are always the victims of the reset bearing the losses. ResYou think those big corporations, banks ever lose? No they don't. They've got the government in their pocket writing laws making sure they don't lose, bail them out when they screw up. No they are too big to fail while we are small enough to pay up.
%% TRUE, mostly; ABA is known as powerful lobby + big bucks, same with NRA+ GOA. ''Too big to fail'' is a broadbrush we use a lot, true a lot + untrue a lot ; + did not work well\ bankruptcies for BEAR, LEH, DAL, AMR,IMB[indy mac bank]ENRON-con. BEAR did get a bit more pennies on stock price LOL, but like JPM noted ''you dont pay up for house on fire.'' FDIC does need to protect deposits, even though in some cases all the banks pay up inFDIC premiums+ many thousands lose jobs. DONT NEED no rockin' chair\ Gerital or Medicare\ Polar bear need a Frigidaire\ like we need Medicare. G Jones Song >3,777,777 VideoV hits. With Pig Robbins on piano LOL
Who was it that set up the open-border policy of every illegal gain free healthcare, free cash, free housing (5-star hotels), free free free (yet the taxpayer who funds it is left homeless). Who is it that allows those with a criminal history 20 pages long to still be welcomed with open arms. Who is it who is letting the cartels just walk across the border daily with tons of drugs. Who is it that keeps printing, and printing, and printing for yet another war, while continually messing it all up with failed policies that just keep making Russia stronger? Who is it that cancelled the Keystone (because we don't want cheap oil/products?) Who is it that... Never mind. Voting has consequences. You brought this hell upon yourselves America. Now suck it up!
MAGA's to the left of me, MAGA's to right of me and MAGA's to the north of me. No limits to the number of clueless, look at me I'm angry types. Meanwhile I hope JayPow holds the line on rates (till at least the fall) and eff's the other geniuses - Wall Street - over.
You're right of course , history proves it. Unfortunately what you describe is a Democracy turned Oligarchy and it won't end well. Best we can hope for is a real economic collapse so real change can finally arrive. Obama should have been that person but he was more Hoover than FDR. Instead of prosecuting the GFC scammers he just gave empty speeches about what the bankers did but rubber stamped every bailout he could. The AG could have easily made a RICO case for the whole industry just like Bush did to Arthur Andersen & Reagan did to Drexel & Milken. I guess the lure of easy bribe money was too great for Obama & his cronies.
Yeah looking from hindsight, he should've targeted his regulations more specifically to address the over-leveraging of the MBS and not just blankedly punish everybody. That would've been lot more effective. And the approval for the bailout is just ridiculous! Seriously if we have to eat our own losses when we trade, why shouldn't they? Just because they are too big to fail?
Fun fact, Geithner said they didn't go after the banksters, because the team was more focused on trying to avoid the world from melting down, rather than pointing fingers... Another fun fact, Geithner also got into troubles for tax-evasion...