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To: Gondring

The cost of the war pales compared to the bad loans/losses from the housing bubble. The dollar was devalued to save the banks from much of these losses, in affect spreading the pain from the banks to the population in general.


6 posted on 06/28/2008 5:32:00 AM PDT by DB
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To: DB
The cost of the war pales compared to the bad loans/losses from the housing bubble. The dollar was devalued to save the banks from much of these losses, in affect spreading the pain from the banks to the population in general.

Actually, if you think the housing bubble costs are bad, Iraq spending is FAR greater than the bank losses and the Fed bailout, etc.

When the country's largest subprime lender, New Century Financial, filed for Chapter 11 bankruptcy (April 2007), its total liabilities could have been paid off with less than a day of Iraq costs.

King George W. Pyrrhus has bought us a grand victory, indeed! With our money, of couse...)

Personally, I think most Americans would want their $20,000 back.

20 posted on 06/28/2008 10:27:34 AM PDT by Gondring (I'll give up my right to die when hell freezes over my dead body!)
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