Uploaded September 2009 | Updated September 2026, 19 hours ago
More at BrasscheckTV.com Watch and listen three times and you'll hear some pretty shocking stuff.
These are hard core, conservative, no nonsense floor
traders who know the credit markets like the back of their hands. THEY are saying the government is propping up the credit market - and that some day it will have to end.
"This market continues to be propped up by government intervention and manipulation."
"They're trying to prop this market up on a daily basis and they're doing a good job."
"Every single day we have some kind of backstop from the government."
"These markets are not free markets any more."
"We're at a point where No capital transactions are getting done at all without some intervention from Washington and I wonder how we ever get off these vitamin pills."
And this key point:
"It's not really healing if you're just passing liabilities from private debt to the public debt - .from one balance sheet to the other."
More at BrasscheckTV.com Watch and listen three times and you'll hear some pretty shocking stuff.
These are hard core, conservative, no nonsense floor
traders who know the credit markets like the back of their hands. THEY are saying the government is propping up the credit market - and that some day it will have to end.
"This market continues to be propped up by government intervention and manipulation."
"They're trying to prop this market up on a daily basis and they're doing a good job."
"Every single day we have some kind of backstop from the government."
"These markets are not free markets any more."
"We're at a point where No capital transactions are getting done at all without some intervention from Washington and I wonder how we ever get off these vitamin pills."
And this key point:
"It's not really healing if you're just passing liabilities from private debt to the public debt - .from one balance sheet to the other."
