[ex-Texan]

BS !

Loan losses may add up to $ 2.7 Trillion on their own. Mountains and mountains of forged loan documents and forged exotic derivative paper is floating out there. Securities write downs may add up to another $ 2 Trillion. The entire world financial system is BK. All because greedy Wall Street crooks wanted to maximize their bonuses.

I say. "Off with their heads ! All of them !"

[TigerLikesRooster]

I also feel that the amount involved is much higher than he or any other experts can handle with their bag of tricks and provide lime light to their ‘political hero.’

[TigerLikesRooster]

Many of well-known economic blogs are now starting to show their political bias. Most of them tend to root for 'their hero,' Zero.

They are beginning to recast the current problem as being solvable with massive money supply and spending program. They still cling to the illusion that no drastic elimination of their favorite social and economic pet projects.

Without both liquidation of heavily indebted entities and spending cut to the level they find too painful, they will only make things worse by injecting money into the bottomless pit which cannot be filled.