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Man from Pickens

(1,713 posts)

10. debt purge

Reply to 99th_Monkey (Original post)

Wed Sep 10, 2014, 08:09 PM

Sep 2014

The system is massively overloaded with debt - we go nowhere until enough of the bad debt is defaulted and written off. By pushing the bankruptcies down to the local level, the Fed can feign innocence.

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Why the fuck is The Fed setting the stage to bankrupt local municipalities? [View all] 99th_Monkey Sep 2014 OP

Kick and Rec. Ilsa Sep 2014 #1

+10 n/t 99th_Monkey Sep 2014 #4

k&r for exposure. Laelth Sep 2014 #2

I second your request for more insight, maybe another perspective? ~nt 99th_Monkey Sep 2014 #3

As this amateur sees it, with the market peaking ... Scuba Sep 2014 #5

+10 Me too ~nt~ 99th_Monkey Sep 2014 #6

Well, the article did suggest treasuries and corp bonds would still be options. BadgerKid Sep 2014 #12

You're not likely to Yupster Sep 2014 #33

My city has connections to good ole boy bond companies. Baitball Blogger Sep 2014 #7

I'm a total amatuer on economics but I want to know the answer to this one also. It and what we jwirr Sep 2014 #8

+100! n/t 99th_Monkey Sep 2014 #9

debt purge Man from Pickens Sep 2014 #10

And at the same time Boreal Sep 2014 #19

big kick - this could lead to some very bad things rurallib Sep 2014 #11

thanks 99th_Monkey Sep 2014 #18

Austeriy, bay-bee!!! blkmusclmachine Sep 2014 #13

So corporate bonds are given precedence over State and Municipal Bonds, expect to see Uncle Joe Sep 2014 #14

You are most welcome 99th_Monkey Sep 2014 #16

The scenery is down now. woo me with science Sep 2014 #15

Yah, it looks like those "one-off municipal bankruptcies" we've seen 99th_Monkey Sep 2014 #17

How many Detroits do we have to have before we recognize something is wrong? nm rhett o rick Sep 2014 #20

Regulators Open to Counting Muni Bonds in Bank Assets Sgent Sep 2014 #21

Kick. woo me with science Sep 2014 #22

Thanks. nt 99th_Monkey Sep 2014 #24

We are prey. nt woo me with science Sep 2014 #23

munis aren't necessarily considered safe anymore. Ask Detroit's bondholders. geek tragedy Sep 2014 #25

Let's hope 99th_Monkey Sep 2014 #26

indeed. and we need to avoid having cities become insolvent geek tragedy Sep 2014 #27

As long as Wall Street's happy, Washington's happy. Octafish Sep 2014 #28

There is nothing I am more furious about right now than education. This will affect liberal_at_heart Sep 2014 #29

+1 The serious looting of the public space begins. woo me with science Sep 2014 #31

kick woo me with science Sep 2014 #30

Kick. daredtowork Sep 2014 #32