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Originally posted by jimmyx
where are all the free-market capitalists now? if anyone from now on hears how bad regulations are for the market, they are simply lying to you and shouldn't be trusted. what happened to all the talk about personal responseability. people need to be put in prison and have all their assets confisicated... doesn't this happen if your caught growing marijuana in your own house? isn't this a thousand times more injurous then that? let me ask you something...how would the wealthy invest billions of dollars and not know what they are investing in? are the american people that stupid to believe that the wealthy were that ignorant and naive? this doesn't pass the smell test.
Originally posted by Maxmars
I call this the cathartic release of a cynical attitude regarding our entrusted leadership, who have abandoned us in shifts.
Once empowered to the point of being capable of changing the world, they can't resist the temptation to keep doing it. Even if it didn't work the first time.
I fear this is the economic equivalent of watching the World Trade Centers fall in slow motion.
The analogy could be considered most synchronous.
While the administration continues its schizoid rearrangement of the deck chairs in the burning house that has become our impending future, playing 'diplomat' and 'politician showman', we are economically dropping into the birth canal of 'the next thing.'
We may suspect we know who the father of this 'new' bastard child is. But most importantly, most here are aware, it is not the offspring born of consent; I'm in a dark enough mood over this to call it rape.
Originally posted by Phatcat
I think it's ominous the politicians are gonna buy out the debts..
A bancrupt country normally doesn't hàve a trillion dollars to do this.
Where do they get the money, and what is their purpose in doing so ?
With the cost of two wars putting the USA in debt for.. oh.. maybe a century or so, with more adding each minute, how can they even begin to think of spending a trillion (estimated anyway) to bankroll the bankers even more ?
Originally posted by Chilled Zen
Its scary how much power the Federal Reserve has over America, I'll be interested to see what happens next week in the Markets, I wonder if the FTSE and other indexes will continue to climb?
That comment about the short sellers being like Vultures is totally correct, they are a necessary part of the system, yet the Governments use them as a scapegoat.