Fed buys $1T of Treasury, mortgage assets

The Government should keep their nose out of it. They are the reason the Economy is the way it is.

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Originally Posted by rossmum

Still no excuse for banks (and other bailed-out companies) to blow their bailout on luxuries or payouts for their CEOs, which is exactly what's happening.

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I completely I agree. Hard earned tax payer money should not be given as bonuses.

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It's getting so bad here that our own government are supposedly going to put an end to it.

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How do they propose to do this?

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Originally Posted by RobertGraham

The Government should keep their nose out of it. They are the reason the Economy is the way it is.

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You amaze me sometimes Rob, you clearly have no idea what you are talking about.

Also the government should keep there noses in it 24/7 for the next 10+ years. The issue will not instantly go away, sadly taxes will go up in 5+ years I personally think, they need to cut down on spending currently but later they will need to get more money in.

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Originally Posted by Limited

You amaze me sometimes Rob, you clearly have no idea what you are talking about.

Also the government should keep there noses in it 24/7 for the next 10+ years. The issue will not instantly go away, sadly taxes will go up in 5+ years I personally think, they need to cut down on spending currently but later they will need to get more money in.

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I agree with Rob on this one.

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Originally Posted by RobertGraham

The Government should keep their nose out of it. They are the reason the Economy is the way it is.

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uhhhh...

http://img16.imageshack.us/img16/1646/stopposting.jpg


seriously.

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Originally Posted by RobertGraham

The Government should keep their nose out of it. They are the reason the Economy is the way it is.

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Yes, because they were the ones dishing out huge loans to idiots who could never, ever hope to pay a cent back on them.

Oh, wait.

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Originally Posted by MetKiller Joe

How do they propose to do this?

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Probably some bonus-limiting legislation

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Originally Posted by rossmum

Probably some bonus-limiting legislation

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By reducing incentive to work, they will boost the economy?

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Originally Posted by MetKiller Joe

By reducing incentive to work, they will boost the economy?

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Uhhh are you kidding? The banks proposing that they need to give these 5 million dollar bonuses to people to keep them (rather than letting them go and hiring other professionals out of a job) is outright retarded. The bailout money is not for buying a new summer home and a private jet for execs.

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Originally Posted by MetKiller Joe

By reducing incentive to work, they will boost the economy?

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So these fucks taking their companies for every cent and then laying everyone off is alright, is it? That'll boost incentive to work?

Are you serious?

Metkiller, did you actually watch that video? It basically ripped the idea to shreds.