Free Republic

In this video a leading retail investor, Howard Davidowitz, says retail and banking will get "dramatically worse": -"nothing will get the consumer spending again - for ever" -"this is just the tip of the iceburg, 21 publically-traded retail companies are on the cusp of going down" -a major mall was just sold for "40% of the mortgage". "This is crazy, and this will go to the banks balance sheets." -"We should let all the companies in all the industries fail . . . It makes no since to give trillions of dollars to the least productive parts of the economy...

Unelected Fed Vice-Chair tells Congress it's nobody's business who they give 1.4 trillion to, but admits that some of the money is going to other nations (China?) to to prop up the dollar. Of course, if China and Japan stop buying our treasuries our economy will go crazy bad.