Fed's Dudley: Consumers pay price on bailout furor

Apr 18, 2009 Full story: uk.reuters.com

Political furor over lavish bonuses paid to executives at institutions bailed out with U.S. taxpayer funds is making investors wary of emergency programs and will hamper consumers' ability to borrow at reasonable rates, a top Federal Reserve policy-maker said on Saturday.

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“It's a Brand New Day”

Since: Feb 06

New Rochelle

#1 Apr 18, 2009
So, some 'inverters' are reluctant to touch TARP/ TALF funding because it will interfear with their ability to grant themselvevs huge unearned bonuses?

Good.

This hampers consumer borrowing?
Another approach must be used.

We must consider TARP/ TALF as the carrot.
Time to bring out the STICK.
David Rockefeller

Seattle, WA

#2 Apr 18, 2009
Obama is the new Bilderberg man. Too bad. I feel suckered because I voted for him. JFK was the last to oppose the Bilderberg Group, because he wanted to do away with the non - Federal Reserve.

http://dandelionsalad.wordpress.com/2008/06/0...
JMKC

Lenexa, KS

#4 Apr 18, 2009
Obama was endorsed by Piven, of the infamous Cloward-Piven Strategy, over Hilary Clinton, because he more closely adhered to the
"spread the wealth, take from the "haves" and give to the havenots".

Google and read; The Cloward-Piven Strategy
The truth can be annoying

Lexington, KY

#5 Apr 19, 2009
I've got news for you, those consumers aren't interested in borrowing anything until they feel some job security. There are millions and millions who have lost their jobs, tens of millions more who are worried about losing their jobs.

I'm not borrowing one thin dime until the 12 million who have lost their jobs have been put back to work because until that time, everyone else's job is in danger.
Chandler

Nashville, TN

#6 Apr 19, 2009
This financial mess could've been avoided just like the Great Depression. Just like we had all the warning signs before the panes hit the twin towers, we had all the warnings of an impending doom back as far as the late 80's. This financial collapse was predicted by an author named Martin Gross. After i read his book, I was stunned and amazed at how little attention our government paid to the warning signs. Can any of you imagine, warned about this back as far as twenty years ago. It was just last year I read an article in the Republic predicting the same
financial collapse and again the experts paid no attention to it. Of course Bush didn't heed any warning, he was too busy on vacation. Bush's couldn't care less anyway. We all have been taken to the cleaners by people we are supposed to trust to handle our business affairs appropriately. There is no clear-cut solution. Twenty years of Bush/Clinton/Bush did us in ladies and gentlemen. America will never be what it once was. Not now, not ever again. the New World Order is upon us, and the best thing to do is to move outside the confines of this country, for your children and grand children's sake. Our worst enemy came from within, and we trusted them.

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