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1 posted on 12/04/2008 5:44:24 AM PST by Zanton
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To: Zanton

Welcome to FR.


2 posted on 12/04/2008 5:47:06 AM PST by mplsconservative
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To: Zanton

So basically government is off the hook despite their negligence and complicity in creating this crisis?

That you Barney Frank? Chris Dodd?


4 posted on 12/06/2008 8:54:17 AM PST by big'ol_freeper (Gen. George S. Patton to Michael Moore... American Carol: "I really like slapping you.")
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One additional point that could be made here is that before Bear Stearns, AIG, Citigroup, Merrill Lynch, the top nine US banks, etc. receive their bailout money (which is basically poor people paying subsidies to millionaires!) these guys need to come clean about their account books. Otherwise -- no bailout money. And then probable bankruptcy.

I'm not an economist, but I think the secret cancer and the 100 deadly land mines hidden within the US financial system which prevent even good banks from loaning to good banks is: no one knows the true financial state of the others. And nowadays no one trusts the others. Thus even truly credit worthy individuals, small groups, businesses, and big businesses can not get loans.

Full financial disclosure for Big Biz might solve this economic crisis in a heart beat!

8 posted on 12/11/2008 11:58:42 AM PST by Zanton (an open-minded but fierce advocate of classical liberalism and libertarianism)
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