fed's buying, who wants a drink? - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

Skydaemon · #1 04-07-2008, 04:51 PM

people think the fed should buy student loans now

Fed for aiding market stability? Say what? Howabout generalized gov't porkbarrelling trough. Who's next?

You know BernakerZZZ if you're buyin I have a couple things I wouldn't mind dumping.

// edit
As a side note how do student loans get rated AAA heading into a recession anyway? Have you looked at the size of most of those things?

CactusPowered · #2 04-08-2008, 07:01 PM

I'll take a drink on the fed. I plan to do it once a housing bailout plan is in place too. If the fed will bailout wallstreet and mortgage lenders, and now individuals who are upside down? That's fine by me. I'll take free lunch.

Sadly, I am upside down in my house. HOpefully they'll pass the "right" legislation which allows me, a responsible person who bought a house with a 30 year fixed mortgage, to refinance even though i'm upside down.

It will piss me off if all the people who couldn't REALLY afford a house (so they got an arm/interest only loan) are the only ones who are bailed out. If that happens, it will only further my opinion that this country rewards risk and stupidity.

Time to play "the game" and make irresponsible financial decisions, right fed? How about another round of drinks

Skydaemon · #3 04-08-2008, 07:21 PM

bloomberg video on housing bailout

Here a guy on bloomberg suggests taxpayers backstop all mortgages for 15 years and guarantee the value of all homes in order to allow people to lock in ARMs at the teasers for that long.

Terrible idea btw as it ignores the economic importance of the time value of money. It would lock america in a stagnating cycle for 15 years. These people would not be able to move or sell for 15 years, as no one would ever issue new money against BS asset values like that.

**Grizzums** · #4 04-10-2008, 01:51 AM

Quote:

Originally Posted by Skydaemon

bloomberg video on housing bailout

Here a guy on bloomberg suggests taxpayers backstop all mortgages for 15 years and guarantee the value of all homes in order to allow people to lock in ARMs at the teasers for that long.

Terrible idea btw as it ignores the economic importance of the time value of money. It would lock america in a stagnating cycle for 15 years. These people would not be able to move or sell for 15 years, as no one would ever issue new money against BS asset values like that.

Plenty of ridiculous ideas out there.....especially the one in this letter

I know you're Canadian Sky, but I have an idea....perhaps the IRS should make a new box on our tax forms next year right next to the one that says "check if you'd like to donate to the Presidential Campaign Fund"....it could say, "check here if you or your spouse would like to give an additional $5 to the Bear Stearns Bailout Fund".....just another idiotic idea to go with the rest...

Skydaemon · #5 04-10-2008, 02:07 AM

Quote:

Originally Posted by Grizzums

perhaps the IRS should make a new box on our tax forms next year right next to the one that says "check if you'd like to donate to the Presidential Campaign Fund"....it could say, "check here if you or your spouse would like to give an additional $5 to the Bear Stearns Bailout Fund".....just another idiotic idea to go with the rest...

Hahaha.

After reading that I was thinking of a twist on this. Imagine sort of a youtube type video production series along the lines of one of these eco-terrorist greenpeace save the whales type campaigns, except for investment banks. Trying to make bankrupt billionaires like a tragic near extinction species requiring gov't protection and wealth conservation. Follow it up trying to make the ruthless leveraged investment banks and hedge funds seem cute cuddly and donation worthy, all while being hunted by the evils of "mark to market accounting" (pictures of mean looking accountant types) and unfair requirements to come up with their own money to pay unscrupulous clients who want their money back.

Oh man the slogans. This could spawn a whole T-shirt series and poster selection. Just think of the cross marketing potential! "Save a Hedge Fund!"

**Grizzums** · #6 04-10-2008, 10:10 PM

Lmao... I can see the potential...

With our new (increasingly)communist-esque like country, the market for gimmicks could be enormous! I imagine after the feds next bailout of Jefferson countys bonds for their sewer system, the plunge protection team will have a whole new meaning! Lol

http://www.bloomberg.com/apps/news?p...ovA&refer=home

Just think of the artwork designs on those t shirts.

Plunge protection team at your service!

**BadThad** · #7 04-11-2008, 08:48 AM

Quote:

Originally Posted by Skydaemon

Hahaha.

After reading that I was thinking of a twist on this. Imagine sort of a youtube type video production series along the lines of one of these eco-terrorist greenpeace save the whales type campaigns, except for investment banks. Trying to make bankrupt billionaires like a tragic near extinction species requiring gov't protection and wealth conservation. Follow it up trying to make the ruthless leveraged investment banks and hedge funds seem cute cuddly and donation worthy, all while being hunted by the evils of "mark to market accounting" (pictures of mean looking accountant types) and unfair requirements to come up with their own money to pay unscrupulous clients who want their money back.

Oh man the slogans. This could spawn a whole T-shirt series and poster selection. Just think of the cross marketing potential! "Save a Hedge Fund!"

ROFL!

Skydaemon · #8 05-02-2008, 05:53 PM

fed accepts student loans for collateral among other things

Well there it is.

//edit

Other things include auto loans and credit card debt.

On an unrelated note, Visa would like to thank American Taxpayers for keeping their profits rolling.