Comments on: Could a fiscal-cliff deal go the way of TARP?

By: besser tot als rot

besser tot als rot — Tue, 18 Dec 2012 01:28:05 +0000

Does it matter if US Treasuries reach junk status if the Fed buys them all?

By: theperfecteconomist

theperfecteconomist — Tue, 18 Dec 2012 00:53:55 +0000

So they’ll write a tax increase target and a spending cut target into law and name the specifics later? Eep.

By: ThePrimordialOrderedPair

ThePrimordialOrderedPair — Tue, 18 Dec 2012 00:44:22 +0000

“There’s a real chance that they reach a deal and it fails in the House, and then you get something like TARP—a severe market reaction and then they come back and do it,” said American Enterprise Institute scholar Norm Ornstein when he spoke to National Journal earlier this week.

And then the market fell even farther after TARP was shoved through. The market didn’t bottom until long after …. in March of 2009. Don’t want to leave that little bit out …