This was written by a Economic News letter. They want your business. I read the letter and in the original letter they have how to invest in gold hi-lighted. Yep there were credit swap insurance and yep they defaulted but the government is trying to help fix this problem! I didn’t like the 700 billion dollar bailout. I still say they could have changed the mark to market accounting and had 0 percent capital gains which would have done the same thing.
I agree, this reads like they’re inflating the scope of what occurred and covering up other inconvenient facts.
I’ve yet to see a coherent argument against the elimination of the capital gains tax, the repeal of the Community Reinvestment Act, and the elimination of other miscellaneous legislative/executive regulations regarding forced subprime loans.