The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (256341)	6/23/2010 5:26:34 PM
From: RetiredNow	of 306849

I truly do understand the fervent desire among Dems and most Americans to punish big banks and Wall Street for their starring role in destroying our economy. However, if we stopped to think a bit when the crisis was happening, then we would have realized that the meanest, most vicious act of revenge we could possibly taken on those companies would have been to let the free markets act. It would have wiped out the most egregious offenders and left the millionaires fired and their companies bankrupt. Then we could have focused the government's efforts on picking out the criminal activity and prosecuting it, as well as focusing on reinstating simple regulations like Glass-Steagal. All of this bailout, stimulus, and now revenge through levy's and brow beating is just asinine and stupid. It accomplishes nothing, because it resolves nothing. All of the systemic failures are still there and have not been fixed and will not be fixed by the financial reform bill working its way through Congress. In short, our economy is one giant joke, one giant puff of hot air, right about now.

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