post removed

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Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Please provide a more descriptive thread title next time. I've gone ahead and changed it, since "didn't this bite us in the ass before?" has to do with your comments on the topic and not the topic itself.

Thread title = topic of discussion.

Thread title ≠ your thoughts on the topic of discussion.

the very next sentence:

all this means is that the government is going to need to continue its support for awhile longer.

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"My country is the world, and my religion is to do good." --Thomas Paine

the topic I chose to bring up was about the Fed taking up the mantle of validatng toxic assets by purchasing them.

had I wished to focus on more dismal economic news I would have.

__________________
Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

If by saying "awhile longer", you mean, "indefinitely until the system implodes", then I concur wholeheartedly.

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Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add "within the limits of the law" because law is often but the tyrant's will, and always so when it violates the rights of the individual.
-- Thomas Jefferson, letter to Isaac H Tiffany (1819)

no i mean for about 6-12 months probably.

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"My country is the world, and my religion is to do good." --Thomas Paine

from the article linked:
Yeah, sure that's it. Couldn't possibly be the 10% unemployment rate drastically shrinking the pool of people who could possibly buy a new home.

I have no problem changing the thread title to something more fitting if you want to provide me with an alternative.

no, its derailed now. thx.

__________________
Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Err....okay.

I think re-sales went well though.....

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

Bis interimitur qui suis armis perit...

The problem, of course, is that temporarily fixing every economic problem by printing massive amounts of fiat money creates an even larger economic problem: the destruction of the fiat currency. Only time will tell whether this is the ultimate death spiral for the dollar, or whether someone can pull another Volkeresque save out of their ass.

__________________
Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add "within the limits of the law" because law is often but the tyrant's will, and always so when it violates the rights of the individual.
-- Thomas Jefferson, letter to Isaac H Tiffany (1819)