Who caused San Diego's massive power failure September 8?

Never have I apologized for the horrible behavior of GS et al. Frankly, I think they should have been allowed to fail. Your sophomoric invective has been duly noted.
— October 12, 2011 8:26 a.m.

Who caused San Diego's massive power failure September 8?

Why would one even think that banks have not been lending at all the past few years? Never? There has not been one loan made from a bank through this crisis? That is the most preposterous statement I've ever seen you make...except for the one where you said you know 10X more than I do about statistics. On a personal note, my credit needs have been satisfied just fine over the past 42 months, and I have not had any trouble drawing on my revolving credit even at the height of the crunch. 30 year mortgages were offered and written all throughout the crisis albeit at reduced levels. The business and commercial loan activity now is greater than in 2005 see link http://seekingalpha.com/article/264289-bank-lendi… One would think that if banks were not making loans, then the factoring business would be going crazy right now. Alas, that hasn't happened, and the factoring business is at 2004 levels. A basket of personal finance companies stocks, alternative lenders, is only up around 11% since 2005...one would expect without banks making loans that their business would be booming. It's not. People and businesses with good credit ratings have no problems getting money they need from one bank or another. Intellectually honest answer...your definition probably includes feelings and is light on facts. Seriously, little puppy, you should stay out of this discussion because you're using the wrong side of your brain and I suspect that you're just not up to the challenge. Go write some briefs or whatever it is you do.
— October 12, 2011 8:22 a.m.

Who caused San Diego's massive power failure September 8?

Yeah, and if they borrow money from the Fed at 0.25% and put it into T-Bills, they are losing a lot of money as the yield on the farthest out T-bill is only 0.12%. This would only work if they were borrowing and investing in the 2 year part of the yield curve, and those are not T-Bills and you're getting into notes. But their risk would be very significant as they would be borrowing short and lending long. Here's the current market rates from the treasury.http://www.treasury.gov/resource-center/… No matter what you might think, there's no such thing as easy money...even for the big banks.
— October 12, 2011 4:35 a.m.

Who caused San Diego's massive power failure September 8?

13 drachma would buy 2 artabae(an artabae is roughly a bushel) of wheat in 105 AD. Interesting that in 110 AD there was a poor crop and 15 drachma would only buy 1.5 artabae of wheat. As far as the interest rates, interesting history in China. In 200 BC during the Han Dynasty in China, private interest rates were pretty high, around 72%. The bankers must have not trusted the government because government bonds yielded 84%. Around 900AD, interest rates went significantly lower and private loans were around 48% and government bonds paid 60%. It was not uncommon for rates to stay within a tight range for 200-300 years back then. Grain prices fluctuated a lot back then though. Anyways pup, you should know that London wasn't founded until around 40AD so there was no such thing as a LIBOR rate. There wasn't a prime rate then either, but rates are very well documented for that time in all the empires. Pup, why don't you go study some statistics and let others worry about finance?
— October 12, 2011 4:25 a.m.

Who caused San Diego's massive power failure September 8?

I was wondering when you would get to the combination of a fallacy fallacy and a Tu Quoque fallacy.
— October 12, 2011 3:10 a.m.

Who caused San Diego's massive power failure September 8?

There was no such thing as July 23, 220BC. Since they didn't have a prime rate back then would you like the Mesopotamian, Chinese, Roman, or the rate on the sub-continent?
— October 12, 2011 3:05 a.m.

Who caused San Diego's massive power failure September 8?

Some people also believe that we never landed on the moon. For your argument to be sound, it's premise must be true, and all you can offer is a version of a Tu Quoque fallacy. Doesn't really work, but then again, so what. I've noticed that the discussions around here gravitate towards "Moving goal post" types of logical fallacies. Every time a contention by the author is logically negated, the author or his lapdog simply moves the criteria for "Proof" or acceptance out of range of whatever the submitted evidence points to. Whenever I bring something new to the table(cited evidence from official sources) it is either ignored, or the goal posts are moved. Nice ploy, as you never lose an argument.....in your mind.
— October 11, 2011 5:24 p.m.

Who caused San Diego's massive power failure September 8?

I would respectfully say that it was government trade practices, spending, etc that were the cause of most depressions. Wars, I don't know how banks would start a war and cannot find an instance where that happened. And Matthew 21:12-20 which concerns the temple, never mentioned interest rates. But it was mentioned, "These changers sat in the temple, in the court of the Gentiles, to change the foreign coins of pilgrims into the shekel of the sanctuary for payment of the annual tribute." The exact verse in Matthew 21:12 says "And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the money changers, and the seats of them that sold doves." "“It is written,” he said to them, “‘My house will be called a house of prayer, but you are making it a ‘den of robbers." Back then money was changed in the temple at a discount.
— October 11, 2011 5:05 p.m.

Who caused San Diego's massive power failure September 8?

Surfpuppy, it seems that you know about as much about collateralized transactions and effective interest rates as you do statistics. (I did send you that solution to the problem you said you would solve and am surprised that you never gave me any thanks)And by your own admission, you said that "I have no idea what their "collateral" consists of and if it actually costs the bansk money-if it doesn't then the real interest rate IS 0%." Coomments like that are really embarrassing for you and you ought to quit while you still have some dignity. Also, you said that the real interest rate is zero...I provided a link to a Fed table of what the interests rates are for the different categories at the Discount Window, and they're not zero. For what it's worth, the Fed will accept as collateral paper of varying maturities, notes, bonds, bills, debentures, subordinated debentures, acceptances, mortgages, loans, discounted instruments, some preferred stocks, and about 100 other instruments.
— October 11, 2011 3:46 p.m.

Who caused San Diego's massive power failure September 8?

And....you're going to stick behind your contention that the Fed is shoveling the money out to the banks to speculate with? By direction of the Treasury, US banks have greatly increased their capital. Plus, the increase in the banks liabilities is in deposits, which have been greatly increasing the past 3 years. Deposits are defined as money entrusted to the bank by somebody else that's not the bank's own capital. So the money from the fed is not necessarily going to the banks, but to someone else. Your cavalier mention of the 13 trillion dollar bailout...to the banks. Have you actually looked up who got what from that bailout? Money went to more than banks, which I'm sure you would realize if you read the details. Plus you say that money has been gifted to the banks...If it has been gifted, then why are they paying it back? Still, as I asked you before, do the banks really want high unemployment? Is this even logical? Just repeating this because you have a tendency to avoid the tough questions. And your mention that I take a very short term view. That has no basis in reality as I have previously brought up every crisis since 1812, and made great mention of the wonderful work by Henry Clews which described conditions in the 18th and 19th century. My broad view of the economy goes back to Emperor Diocletian, who did the first economic stimulus back in around 300 AD. My broad view also makes me realize that it was inflation which had a great hand in destroying the Roman Empire. Don't ever accuse me of not looking at the long term as I know chapter and verse the world wide interest rates from 3200BC through today, plus the price of grains, the value of money etc. Bet you never knew there were records of all that in 3200BC.
— October 11, 2011 12:29 p.m.