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World faces “total” financial meltdown: Bank of Spain chief..
Breitbart ^ | Dec 22nd, 2008

Posted on 12/22/2008 9:11:49 AM PST by TaraP

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1 posted on 12/22/2008 9:11:49 AM PST by TaraP
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To: TaraP
I thought the bailout was supposed to solve this problem? Maybe the fact that Congress and the President have done nothing about the underlying cause of this mess has something to do with the lack of confidence. If the banks are no longer forced to give money to bad credit risks, maybe they'll start lending again.
2 posted on 12/22/2008 9:15:36 AM PST by Major Matt Mason (You can't shame the shameless.)
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To: TaraP

But do you think he and his colleagues will be fired for their part in it? Hello—whose incompetence do you think created the mess?


3 posted on 12/22/2008 9:16:11 AM PST by Opinionated Blowhard
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To: TaraP

Doomed. Fire and Brimstone. Dogs and Cats Living Together. TOTAL ANARCHY!


4 posted on 12/22/2008 9:17:34 AM PST by wbill
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To: TaraP

The finished product of affirmative action.


5 posted on 12/22/2008 9:18:03 AM PST by sport
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To: TaraP

“World faces “total” financial meltdown: Bank of Spain chief”

Bravely stating the obvious....could this be a new trend?


6 posted on 12/22/2008 9:18:51 AM PST by wgflyer (Liberalism is to society what HIV is to the immune system.)
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To: TaraP
Oh no, all the welfare cases across the planet will now enjoy the fruits of their own personal levels of productivity while us close-to-the-land types take care of ourselves and our own. This level of hardship tends to level out after famine and plague return things to normalcy. Goodbye, Democrats.


7 posted on 12/22/2008 9:24:51 AM PST by TonyStark
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To: wbill

So, crossing the streams is bad? Good safety tip.


8 posted on 12/22/2008 9:27:00 AM PST by Yo-Yo
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To: TaraP
Joe Biden must have plagiarized this report.
9 posted on 12/22/2008 9:27:58 AM PST by SERKIT ("Blazing Saddles" explains it all.....)
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To: TaraP

We should have Ben print enough money to nationalize the world. Then we will see a tidy profit when we sell the world back to the world.


10 posted on 12/22/2008 9:28:25 AM PST by mysterio
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To: TaraP

Bring it on.

My advice to everybody is to brush up on how to grab as much money from the government as you can possibly get your hands on. Screw “pride” - - it’s about getting BACK some of the money you and your family have dumped down the government toilet for decades. You KNOW the Democrat parasite base already has a leg up on the ins and outs of gaming the system, so anybody who hopes to compete for “free stuff” from the government before it runs out better study up NOW.


11 posted on 12/22/2008 9:34:49 AM PST by Lancey Howard
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To: TaraP

The article speeks of a lack of confidence. They d’ont trust because the are not trustworthy. Who is less trusting than a theif?


12 posted on 12/22/2008 9:37:18 AM PST by rsobin
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To: wgflyer

Sound business practices (developed over decades) have lead to prosperity that was previously unknown. Many people now see these practices as an incumbrance instead of a path to success. One of the top market earners, shortly before the 1987 stock market crash, was bragging about his success and said that he was fortunate to not have the “inbred caution” of the depression era ... shortly afterwards the market crashed and one of his ilk fainted on the floor.

We will remain in decline until we return to proven business practices that work. I see our response to the financial crisis as similar to England’s response to the threat of war .. we will get what we so feverously try to avoid.


13 posted on 12/22/2008 9:45:58 AM PST by Peter Horry (We shouldn't accept things just because somebody says so .... Dixie Lee Ray)
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To: TaraP

Is this all related to the housing crapola started by Bawney Fwank?

Is he even remotely aware of his role or is he too busy getting his brain poked at night?


14 posted on 12/22/2008 9:51:02 AM PST by Mr. K (Some days even my lucky rocketship underpants don't help)
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To: Major Matt Mason

No one has confidence in the Bailout, except for those who stand to gain directly from it.

This is by far the biggest thievery in the history of humankind.

Thanks W!


15 posted on 12/22/2008 9:52:15 AM PST by Boiling Pots (The USA has become one huge pyramid scheme. Thanks George, John, Nancy and Harry.)
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To: Peter Horry
Absolutely on point !

Where are this generations Alfred Sloans, Henry Fords, John D Rockefellers, Julius Rosenwalds and a thousand other men who REALLY BUILT this country?

I'll tell you where....taxed and regulated to death over the last 80 yrs.

Now we have the Barney Franks, Nancy Pelosis and BH Obamas.

And people wonder why this country is dying before our eyes!

16 posted on 12/22/2008 9:58:28 AM PST by mick
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To: TaraP
I'm not sure how widespread the problem is that this guy mentions.

I just got a very large unsecured loan (I used it to finance a new business venture) renewed -- and the term extended -- at a good interest rate. The bank was very accommodating, and seemed enthusiastic about doing business with me.

17 posted on 12/22/2008 10:02:51 AM PST by Alberta's Child (I'm out on the outskirts of nowhere . . . with ghosts on my trail, chasing me there.)
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"The lack of confidence is total,"

And now it includes you.

Confidence is a key factor, and all these politicians and economist bemoaning their lack of confidence becomes self-fulfilling.

18 posted on 12/22/2008 10:09:00 AM PST by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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To: Alberta's Child

One of my clients supports the lending industry. They’re doing fine. You just have to have good credit to get loans these days.


19 posted on 12/22/2008 10:10:14 AM PST by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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To: Alberta's Child

I should add that the slick dudes that loaned to everyone are on the streets. The shakeout got rid of a lot.


20 posted on 12/22/2008 10:11:24 AM PST by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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