tag:blogger.com,1999:blog-2761684730989137546.post7457801987713975022..comments2024-03-28T04:13:36.779-04:00Comments on Mike Norman Economics: Typical out of paradigm rantmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-14757813871509801982009-05-12T01:24:00.000-04:002009-05-12T01:24:00.000-04:00similar to the folks who say that your bank deposi...similar to the folks who say that your bank deposits are instantly loaned out to folks<br /><br />i wonder if people think that the so called liar loaners who got into houses they could not afford<br />actually were given other peoples' deposits to achieve this - via the banker man.<br /><br />again, liar loaners represented only 100 to 200 billion which the free market would have been able to mop up given that their loans were not collaterized, bundled and derivativized ... by a factor of 30 to 1.<br /><br />so the misnomer that tax payers are on the hook and that our deposits were/are for the loans is actually a smoke screen for the real trickery that went on - our banks were not acting as banks, <br />and our loans were not loans.<br /><br />that our deposits were loaned out to liar loaners or whichever loan - is the inversion of what happened<br /><br />Not !<br /><br />our loans were deposited out of our banks !!!<br /><br />that our tax payers are/were on the hook for spending stimulus ?<br /><br />Not !<br /><br />the hooks are/were spending stimulus on the tax payers !!!<br /><br />a perfect Hegelian predicate that no one is protesting to a real degree ?googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com