Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: MJ who wrote (71002)	8/22/2009 3:36:08 PM
From: chartseer	Read Replies (1) of 224724

Oh bummer! I believe it is a Spanish bank from Spain, Europe. It may be the first foreign bank to own an American bank. May be a sign of things to come. If you can't screw your friends who can you screw? Needed to sell those worthless toxic assets to someone. How can assets be toxic? Toxic asset problem still persists as no body wants to address the real problem. Term toxic is an easier sell than worthless assets. Psst! want to buy some toxic assets? versus. Psst! want to buy some worthless assets? Not counting but I believe it is the 81st bank to go belly up so far this crisis. But don't despair the recession has bottomed. Me, I am still waiting for the coming commercial real estate collapse. Don't know what is holding it up. Supposedly the current household debt now equals the national GDP. That is not counting all the autos sold during cash for clunkers deals. Or the $90,000 mortgages for $499.00 per month deals. With the coming run away inflation you really don't want to be long assets when you could be in debt. Inflation is the debtors friend. comrade chartseer

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