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View Diary: Wherein "Bernanke Cuts Geithner Off at the Knees" (161 comments)

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  •  sort of. anything but treasuries (2+ / 0-)
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    Jim P, limpidglass

    It's conceivable the bankers could invest in real businesses.

    Unlike a good fiscal stimulus spending on infrastructure, Bernanke can't make the money go to useful things.

    It might go to speculation. Or some might go to business investment. No one knows.

    But, yeah, giving the history of the wall street crooks, it'll probably go to speculation on currencies, commodities and stocks.

    •  Hmm. But based on the track record, (7+ / 0-)

      and the culture, who'd bet $10 to get $9 back on this:

      It's conceivable the bankers could invest in real businesses.

      It's conceivable that aliens will land and show us the secrets of hyper-space drive, eager to serve Man. I'd put those at about par.

      Because investments will take time to return, whereas "put it all on red," (or the renminbi) will work a lot faster. And isn't the quick buck what their game is about?

      Until we break the corporate virtual monopoly on what we hear and see, we keep losing, don't matter what we do.

      by Jim P on Sun Nov 07, 2010 at 12:48:20 AM PDT

      [ Parent ]

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