posted on Sep, 13 2008 @ 02:54 AM
True to form, I am back to administer another dose of reality for the OP.
Today wasn't as bad as I thought it would be. We finally made it all the way through Friday without a bank going insolvent. Although, Lehman Brothers
will probably disappear soon. In fact Lehman Brothers are probably still at this hour, running all over Wall Street begging someone to buy them out
before they go to zero. And as you can see, that certainly isn't out of the realm of possibility
This is dragging WaMu down with it.
Frankly there is so much happening right now that it would take me a month to explain it all to you. I promise, I will explain it all, on this thread,
while you, and everyone else in this country goes bankrupt.
I hope you don't own any stock in Merrill Lynch either. You'll see why in a week or two.
Oh, and that stupid Fannie Mae, Freddie Mac bail-out? The official figure for the amount of debt owed is 5.5 trillion, funny thing about that number?
It doesn't calculate the interest. Guess how much you really owe your neighbor for his house now.
And so it is. The FED bailed out a few banks, without batting an eye. Guess who wants money now?
That right. Automakers. From this moment on, you can tell your children what happened to America. You can tell them that you where blinded by
patiotism, and unable to see your country slip into a socialistic nightmare of bondage brought to you by the administration you so vehemtly defended.
Your Grandkids, will not even come close to paying this debt off. It's called "privatize the gains, socialize the losses". Any Gains the companies
make, you never see a dime of it, even though you will partially own them. But when they loose money, you will shoulder the burden for it. Are you
starting to get it yet? Pundits lie, numbers are infallible.