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Many on DU hoping for economic collapse [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
bbinacan Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-16-08 08:30 PM
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Many on DU hoping for economic collapse
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I'm sick and fucking tired of many here that seem to want an economic collapse. Why the loathsome attitude toward the Federal Reserve Bank. Do you even know why it was created? It was created, in part, to provide liquidity to banks to avoid runs on the banks. An Adam Smith attitude would say, you guys fouled up, and you may go out of business. My common sense tells me that there must be equilibrium in the liquidity of the banking system to maintain confidence with the depositor.

NO FED = BANK RUNS.

Get a clue folks.


:mad:
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