All of that is absolutely true.
I understand that FASB is in the process of easing some mark-to-market restrictions which may ease some balance sheet pressure. But, it's just a little too late. I'm mad at the GOP because for six years they had an opportunity to really reform the US financial oversight bodies. They didn't. And, I'm not in the Limbaugh crowd of "all regulation is bad regulation" - not at all. But, bad regulation or poor enforcement of good regulation is a recipe for disaster, and I don't see anyone proffering any good ideas on how to improve, not destroy what we have.
This populace wave is very dangerous. Obama is going to use it and our economic system will be much worse off for it.
I think you’re wrong. Look at my timeline of activities above. Power and money are the goal.
The bad guys have gotten all the power and money they need, and will make even more money when they fix it. Not only that, they will be more powerful as they become the accomplished messiahs who saved the world. My god, doesn’t anyone get it??????????????????
In a few months, you’ll scratch your head as the headlines read.
Banks Make Historic Profits
Go to Google, and read the accounts of what happened at the m2m meetings. Unified support, anxious, demanding....