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Originally posted by Cynic
reply to post by Gools
It appears as though the government is going to nationalize a major part of the American monetary system. I don't think so, I'll tell you why.
While the actions are not cool from the point of view of a conspiracy theorist, the bailout was necessary in order to prevent a worldwide meltdown. The corporations involved are so big and have such interwoven business dealings both in the States and beyond, it would have been a disaster for everyone if they had been allowed to fail.
Had the US government waited to act after the collapse, that could be construed as proof of a conspiracy to control the worlds' money supply.
Were things bad this week - Yup.
Should we be worried about the government buying our mortgage - Nope.
No more so than any other borrower.
What I immediately thought was if there are indeed short-sellers attempting to destroy the stock market they must be well protected, funded, and hidden.
NEW YORK (CNNMoney.com) -- "NO NO NO. Not just no, but HELL NO," writes Richard, a reader from Anchorage, Alaska.
"This is robbery pure and simple," Anna from Denver posted on CNNMoney.com's TalkBack blog this weekend.
"It's our money! Let these companies die," added Claudio from Plainville, Conn.
BOSTON - A financial crisis being described as the worst since the Great Depression has left investors thinking far beyond the realm of whether it's time to buy or sell.
No matter how close they are to retirement, many are considering getting out of the stock market entirely by shifting to cash or even gold, believing the market is so shaky they're willing to take the potential tax and inflation erosion they'll suffer from a quick pullout.
Others are staying in, even after this year's 14 percent decline to date in the Dow Jones industrial average has eaten away at what they had thought were safe portfolios.
Originally posted by Mercenary2007
Well boys and girls just got back from the grocery store. Looks like people here in my neck of the woods are stocking up on food waitting to see how this week pans out. this bill was the buzz while standing in the long lines at the check out.