Fallacy of non-relative

Angry Saver (profile) wrote on Thu, 10/1/2009 - 11:10 am

Nothing that BB or Timmay does enters into my reality as it's total BS. This is about real business' and people like you and me who simply have no alternative but to


default and add it into the pile

MS,

I missed your initial point. But what your saying makes sense to me. And the data bears your theory out. Private lending contracted in Q2 by > $1 trillion. And Bank credit is lower today than a year ago. So much for the TARP being used to extend credit to small businesses and consumers. That was a such an obvious ruse. But, as usual, it was enough for CONgress.
^^^ The effect of using TARP should be compared with bank-credit shrink/expansion with no TARP. The absolute change (shrink 1T$ in this case) not indicative since it might be a shrinking 5T$ should there was not TARP provisioned.

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"Angry Saver (profile) wrote on Thu, 10/1/2009 - 11:10 am


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Nothing that BB or Timmay does enters into my reality as it's total BS. This is about real business' and people like you and me who simply have no alternative but to default and add it into the pile
MS,
I missed your initial point. But what your saying makes sense to me. And the data bears your theory out. Private lending contracted in Q2 by > $1 trillion. And Bank credit is lower today than a year ago. So much for the TARP being used to extend credit to small businesses and consumers. That was a such an obvious ruse. But, as usual, it was enough for CONgress."
- Ford reports U.S. Sept. sales fall 5.1% | Hoocoodanode? (view on Google Sidewiki)