tag:blogger.com,1999:blog-8305505968390768234.post2593744776874645856..comments2023-08-10T11:39:24.714-04:00Comments on fdralloveragain: Lending to Subprime Borrowersfdralloveragainhttp://www.blogger.com/profile/03488923148019117760noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8305505968390768234.post-4884248334789873582009-02-23T11:50:00.000-05:002009-02-23T11:50:00.000-05:00FDR, I too would like to see you answer the rest o...FDR, I too would like to see you answer the rest of this commenter's question. I really enjoy your blog, and have been wondering for some time about your stance on credit unions. They're run differently and insured by a different federal agency. What is your take on their relative risk?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8305505968390768234.post-7104686081495156332009-02-22T22:59:00.000-05:002009-02-22T22:59:00.000-05:00As I understand it when the FED writes a check the...As I understand it when the FED writes a check there is no account from which those funds are drawn.<BR/><BR/>So, what happens if the FED starts buying T-bills? Seems like that would be a way for new currency to be created and distributed (via the Federal Government) without being "loaned" into existence.<BR/><BR/>Is that not inflationary? <BR/><BR/>I've been trying to educate myself on the workings of our financial system but haven't found too many great sources. Any suggestions?<BR/><BR/>Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8305505968390768234.post-13341103658964443132009-02-22T21:42:00.000-05:002009-02-22T21:42:00.000-05:00Thanks for the answer to my CD question FDRAOA.I s...Thanks for the answer to my CD question FDRAOA.I should have told you that it was a 3 yr CD from the top rated Credit Union here in the state.I didnt know if you felt differently about smaller banks and Credit Unions. I miss your comments on MW, but have enjoyed the blog even more. I have passed this site along to my many friends. Your knowledge and insite is a treasure to us who try and want to understand the current conditions in the money world Thanks again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8305505968390768234.post-28986570664193507902009-02-22T20:58:00.000-05:002009-02-22T20:58:00.000-05:00I remember you saying a while ago, FDRAOA, that t...I remember you saying a while ago, FDRAOA, that the banks which fold first, will be the ones with the highest interest, as those who are in most trouble will offer the highest to attract the most customers. <BR/><BR/>In this market, those who continue to be greedy will die. This is a time to consolidate. In a deflationary economy, by just doing that, you make a killing.<BR/><BR/>My question. What was that about the safety of safety deposit boxes? Surely they can't touch that?<BR/><BR/>N M B's.Anonymousnoreply@blogger.com