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Taxpayers will lose money in the $700 billion government rescue plan for the nation's banking system, Oppenheimer analyst Meredith Whitney said.
In a solvency crisis and credit crisis that goes well beyond illiquidity no one is lending to counterparties as no one trusts any counterparty (even the safest ones) and everyone is hoarding the liquidity that is injected by central banks.
Originally posted by Alferd Packer
I just walked outside and turned MY American flag upside down (in Distress). I think we have reached the breaking point in American History and we very well may see some of the worst years in American History. We for sure have witnessed some of thee worst lawmakers and cabinet members in American History. I think we at ATS need to start looking at getting Lobbyists. We need to start our own Party or special interest group. ANYONE AGREE?