tag:blogger.com,1999:blog-7370534.post6206495956669598207..comments2023-10-31T04:37:20.113-07:00Comments on Bloviating Zeppelin: Control Pushed UPwards To The WorldBloviating Zeppelinhttp://www.blogger.com/profile/01359816456769157176noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7370534.post-19628199544234169242010-04-26T15:14:12.882-07:002010-04-26T15:14:12.882-07:00Animal: BINGO! You just offered THE point to be m...Animal: BINGO! You just offered THE point to be made out of this.<br /><br />PCC: and good to see you back!<br /><br />BZBloviating Zeppelinhttps://www.blogger.com/profile/01359816456769157176noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-59619433869774065332010-04-26T14:32:05.734-07:002010-04-26T14:32:05.734-07:00Animal, most things work out just fine if they'...Animal, most things work out just fine if they're left alone. Obviously there are -- and have been -- certain historical exceptions. But on this, I'm right there with BZ.Pasadena Closet Conservativehttps://www.blogger.com/profile/05837317472523209555noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-56055400492743183232010-04-26T13:50:23.565-07:002010-04-26T13:50:23.565-07:00Having just re-read my earlier comment, I realized...Having just re-read my earlier comment, I realized I should have stated clearly and on the record: I'm totally with you in thinking that the concept of "too big to fail" is a really bad idea. That concept guts capitalism…which, in sickness and in health, is what we have here. I *do* agree that companies whose decisions have resulted in failure being the only option, SHOULD be allowed to fail. Maybe that would deter repeat offenders, and we'd actually learn from our history for once.Animalhttps://www.blogger.com/profile/14011608269211715910noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-63486467952615391252010-04-26T13:21:22.347-07:002010-04-26T13:21:22.347-07:00Okay Animal, I'll go with that. I'll stan...Okay Animal, I'll go with that. I'll stand by this: I'll bet things would have reached equilibrium FASTER had we done nothing instead of pissing away literally billions and billions.<br /><br />TF: and you know, of course, the banks are borrowing money from the fed at 0%, turning right around and charging 1 - 2% BACK?<br /><br />BZBloviating Zeppelinhttps://www.blogger.com/profile/01359816456769157176noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-78275910296798325642010-04-26T09:25:04.663-07:002010-04-26T09:25:04.663-07:00"Those who would have failed, SHOULD have bee..."Those who would have failed, SHOULD have been allowed to fail…An equilibrium would have been reached, and by this time already."<br /><br />Hmmm. MAYBE. <br /><br />That's always the trouble I have with this sort of thing: what you suggest MIGHT very well have happened. Or…it might not. I won't even pretend to know how to compute "odds" on a possible future outcome like that, although someone probably could come up with a reasonable number. But, you're stating a *future* maybe on a *past* path that was never taken. Like Monday-morning quarterbacking, it's all too easy to do…but has no way of every being proven OR disproven.Animalhttps://www.blogger.com/profile/14011608269211715910noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-46353392461684982832010-04-26T07:05:30.187-07:002010-04-26T07:05:30.187-07:00And then ya read headlines about GM paying back, w...And then ya read headlines about GM paying back, with interest, the bailout money... <br /><br />They used TARP to pay back bailout... <br /><br />Peter, meet Paul... Robbers!TexasFredhttps://www.blogger.com/profile/06412925337032937983noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-30237454048253695732010-04-26T06:01:01.397-07:002010-04-26T06:01:01.397-07:00The G20 communiqué on Friday said: “We recommitted...<i>The G20 communiqué on Friday said: “We recommitted to developing by end-2010 internationally agreed rules to improve both the quantity and quality of bank capital and to discourage excessive leverage.”</i><br /><br />Quite the fast track now!<br /><br />I'm worried that capitalism may be done for -- at least for a long time to come.Always On Watchhttps://www.blogger.com/profile/08192688822955022541noreply@blogger.comtag:blogger.com,1999:blog-7370534.post-80503950257392491782010-04-26T04:55:09.044-07:002010-04-26T04:55:09.044-07:00You are right... sigh...You are right... sigh...Old NFOhttps://www.blogger.com/profile/16404197287935017147noreply@blogger.com