What's the point of having a hissy fit now ? There isn't a thing that you can do about it. Perhaps you should read up on Market history, and venality, before you use today's problems as something unusual / peculiar.
BTW, J.P. Morgan ( the man and hjis bank ! ) pulled the coals out of the fire, so to speak, at the behest og the government, during several Panics and attempted to help, during the Crash of '29.
This is new. $45 trillion is many times more than GNP. Better hope these can be reduced without massive defaults.
This has happened time and time and exhaustively, time again. What ... you think that this is the first time this has happened ? This has happened so many times, in this nation's history, that it's no surprise. People knew ( speculated upon, as it was THE only way that the bubble could have been sustained ! ) that this was the case, when it was happening.
Yes, markets decline many times, but a political party (the Democrats) have never risked 4 times the GNP on a money scheme.
What's the point of having a hissy fit now ? There isn't a thing that you can do about it. Perhaps you should read up on Market history, and venality, before you use today's problems as something unusual / peculiar.
I think you need to read this thread. This thread isn't about the market decline, it's about a $23.4 trillion derivitive position that may bring down JP Morgan. One company has more than two times GNP invested! You think that goes on all the time?!
BTW, J.P. Morgan ( the man and hjis bank ! ) pulled the coals out of the fire, so to speak, at the behest og the government, during several Panics and attempted to help, during the Crash of '29.
That guy is dead. There was a new guy running the show and it was FOB Rubin.