Those pictures are exactly how I have envisioned TARP. In fact, that is how I envision everything the Federal Reserve and Government do and this latest stimulus package will be no different.
Well, here we go. The banks today announced they will return TARP funding as fast as they can because the Gov't wants to strap them ever more.
The banks are telling the Gov't to "sit-on it". "We don't want your money, and therefore, control. We just won't lend any money to people that can't pay it back. You want to control and further manipulate and strangle the economy Washington, well, good luck with that, hope everything works out for you."
So, the "Free Market" is making the Gov't show it's hand and telling the U.S. Gov't what it can do with their "HELP".
This suggests further that no amount of Gov't intervention can trump the principles and fundamentals of the Free Market, regardless of Washington's Arrogance".
Ehmoran, interesting development. Let us hope this does not lead to a more naked nationalization of the banks. So long as things don't get any worse. Plus, I am not so sure whether I would be trusting those banks. The fact that they lined up for the TARP in the first place is not going my perception of the banks as in bed with interventionism.
Comments (9)
Joe
Those pictures are exactly how I have envisioned TARP. In fact, that is how I envision everything the Federal Reserve and Government do and this latest stimulus package will be no different.
Published: February 24, 2009 2:00 PM
Bob Shoof
But don't worry, the government can print as many cranes as it wants!
Published: February 24, 2009 2:36 PM
Greg
Yes they can print cranes but they become weaker and weaker the faster they're made, all while growing larger and larger!
We'll never be unemployed! Can I be Secretary of the Department of Crane-Fishing?
Published: February 24, 2009 2:47 PM
Michael
Brilliant Mr. Shoof.
Of course, as the number of cranes in the crane supply increase, the value of existing crane supply decrease.
Published: February 24, 2009 4:27 PM
Jaycephus
This is a decent visualization here:
http://www.youtube.com/watch?v=lxplLGrkV2A
Published: February 24, 2009 8:08 PM
Deefburger
LOL! My god what perfect analogy!
Published: February 25, 2009 7:42 PM
Les
I have been trying to get to the subject site but it keeps timing out. Any suggestions?
Thanks,
Published: February 26, 2009 3:51 AM
ehmoran
Well, here we go. The banks today announced they will return TARP funding as fast as they can because the Gov't wants to strap them ever more.
The banks are telling the Gov't to "sit-on it". "We don't want your money, and therefore, control. We just won't lend any money to people that can't pay it back. You want to control and further manipulate and strangle the economy Washington, well, good luck with that, hope everything works out for you."
So, the "Free Market" is making the Gov't show it's hand and telling the U.S. Gov't what it can do with their "HELP".
This suggests further that no amount of Gov't intervention can trump the principles and fundamentals of the Free Market, regardless of Washington's Arrogance".
Published: February 27, 2009 12:05 PM
Pat
Ehmoran, interesting development. Let us hope this does not lead to a more naked nationalization of the banks. So long as things don't get any worse. Plus, I am not so sure whether I would be trusting those banks. The fact that they lined up for the TARP in the first place is not going my perception of the banks as in bed with interventionism.
Published: February 27, 2009 1:11 PM