Comments on: As Obama Unveils Lending Program, Wall Street Journal Says His Time Is Up http://wonkroom.thinkprogress.org/2009/03/03/wsj-talf/ Thu, 26 Nov 2009 16:42:01 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: jps http://wonkroom.thinkprogress.org/2009/03/03/wsj-talf/comment-page-1/#comment-118598 jps Wed, 04 Mar 2009 03:33:10 +0000 http://wonkroom.thinkprogress.org/2009/03/03/wsj-talf/#comment-118598 TALF is so stupid. Where is the evidence that banks wouldn't restore the credit markets if all the free money they are getting from interest on excess reserve deposits were taken away. It's <a href="http://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm" rel="nofollow">not like the Fed would miss the $650 billion</a>. TALF is so stupid. Where is the evidence that banks wouldn’t restore the credit markets if all the free money they are getting from interest on excess reserve deposits were taken away. It’s not like the Fed would miss the $650 billion.

]]> By: Maribeth http://wonkroom.thinkprogress.org/2009/03/03/wsj-talf/comment-page-1/#comment-118575 Maribeth Wed, 04 Mar 2009 00:20:49 +0000 http://wonkroom.thinkprogress.org/2009/03/03/wsj-talf/#comment-118575 Bush sat on his hands and watched the economy burn AFTER he bought financial institutions. How long did he sit on his hands... 2, 3 months? Bush sat on his hands and watched the economy burn AFTER he bought financial institutions. How long did he sit on his hands… 2, 3 months?

]]> By: stateofthedivision http://wonkroom.thinkprogress.org/2009/03/03/wsj-talf/comment-page-1/#comment-118529 stateofthedivision Tue, 03 Mar 2009 20:21:59 +0000 http://wonkroom.thinkprogress.org/2009/03/03/wsj-talf/#comment-118529 Odd that Wonk Room is touting our shadow banking system's saving bad bank assets. That system cranked up greed and leverage, which later imploded. Now Uncle Sam is the provider of loans for leverage for those hedge funds and private equity? The world's gone flippy floppy. Odd that Wonk Room is touting our shadow banking system’s saving bad bank assets. That system cranked up greed and leverage, which later imploded.

Now Uncle Sam is the provider of loans for leverage for those hedge funds and private equity? The world’s gone flippy floppy.

]]> By: Michael Lafferty http://wonkroom.thinkprogress.org/2009/03/03/wsj-talf/comment-page-1/#comment-118527 Michael Lafferty Tue, 03 Mar 2009 20:15:38 +0000 http://wonkroom.thinkprogress.org/2009/03/03/wsj-talf/#comment-118527 Um, okay. If the Wall Street Journal says so, it must be so. Or, something… Memo to the Wall Street Journal Editorial Board: STFU! Um, okay. If the Wall Street Journal says so, it must be so. Or, something…

Memo to the Wall Street Journal Editorial Board: STFU!

]]> By: stateofthedivision http://wonkroom.thinkprogress.org/2009/03/03/wsj-talf/comment-page-1/#comment-118524 stateofthedivision Tue, 03 Mar 2009 19:56:36 +0000 http://wonkroom.thinkprogress.org/2009/03/03/wsj-talf/#comment-118524 And the Senate holds up Obama's two economic advisers? Republicans will do their best to engineer failure. A pox on their red house. And the Senate holds up Obama’s two economic advisers? Republicans will do their best to engineer failure. A pox on their red house.

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