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To: Notary Sojac

The sad thing is, we will cut off our noses to spite our face. YES the bailout has BIG problems. So does the financial system. The ystem nearly collapsed last week.


18 posted on 09/23/2008 8:12:22 PM PDT by PghBaldy (Obama: Terror Groups have "legitimate claims.")
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To: PghBaldy
The bailout's biggest problem for me is - who will be administering it?

I'd feel safe if it was in the hands of someone who was seriously bucking the trends back in 2003-04.

Someone who was sounding the alarm bell loud and clear about lending standards that were too lax, reserve requirements that were too low, and AAA ratings pulled out of someone's AAAss.

I don't see anyone like that waiting in the wings, if you do please tell me about it.

If the bailout is in the hands of a party-hearty guy (which Bernanke and Paulson both were prior to their sudden recent conversions) it will be worse for the economy long term than if we do nothing.

20 posted on 09/23/2008 8:18:37 PM PDT by Notary Sojac (America's never won a "war" unless the enemy was named using a proper noun.)
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To: PghBaldy
“The ystem nearly collapsed last “
>>>>>>>......
yes but it looks like it is in a slow motion collapse still
bail out the banks, and brokers by all means..
but explain how the inflation of our national debt gets paid?
Fed reserve can print all the paper it can, but at some point people are going to lose faith in that stuff..lets hope it is a long way down the road..I am hoping for leadership that represents the public, but see none .. the shadowgovernment keeps moving us closer to the brink, perhaps a North American Union will come about sooner than I thought as a solution to this mess.
21 posted on 09/23/2008 8:22:54 PM PDT by shadowgovernment (From the Ashes of a Republican rout will raise a Conservative Party)
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