There is plenty of credit available. This was a red herring to get the gov’t (me and you) to pay for the large institutions that screwed themselves by using risky assets to leverage their own credit.
MSM is getting the Recession and Depression they were hoping for. Thanks Nan and company!
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
It’s all too big for me.
We have gone from flip that house to flip that bank.
As much as I DETEST my former congresscritter, Henry Waxman,
he is doing a decent job of presenting Richard Fuld (head of Lehman
Brothers) and his stunning compensation.
For running a venerable company into the ground at terminal velocity.
I’ve NO problem with NO limit on executive compensation.
Except when it’s paid to destroy a firm and put thousands out of job.
Figuring out what’s equitable is above my paygrade.
But like pornography, I can’t define what’s out-of-bounds, but
I know it when I see it!!!
Buy, buy, buy!
No question that this hurts us in the election as the incumbent party. More bad news=bad news for us and bad news for us=potential bad news for the nation come Nov. Most people are sheep and are too lazy to research and see who really caused this.
Why do I even try. No one listens to me. Well, Sessions and Shelby of Alabama listened to me (I was born in Alabama, no banjo, tho).
Chambliss didn’t listen to me. Not sure about Isakson, don’t recall hearing his yea or nay.
We should have let the Market heal itself. Instead we’ve doled out Seven Hundred Trillion Dollars and gotten what? Nothing to show for it. But a lot of people who’re trusted with “fixing” the mess they caused will still walk away “richer than god (aka Obama).”