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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: edward miller who wrote (8921)2/16/2003 4:04:43 PM
From: portageRead Replies (1) of 306849
 
OT edward, I'd have to say that we're in agreement on much of that.

I don't blame bush for everything that has gone wrong, but I clearly think he's heading in a very wrong direction now. He just does it more cleverly than previous RWE's. I'd say the excesses really started in the early 80s, and add Reagan's group to all the ones that you mention. Didn't we learn anything from the S&L crisis and LTCM later on ?

Bush's FCC chairman michael powell wants to let the few huge conglomerates that control the media merge even further within markets and combine tv/radio etc. ownership. This is an awful development with which bush and the corporate lobbyists seem to have no problem. There goes your independent 4th estate, or what's left of it. With what bush is doing through executive orders to quickly overturn longstanding laws, you can't exclude him from jumping on that particular bandwagon either.

I don't see libertarianism as the answer either, though parts of it are compelling, parts are completely unrealistic in these days and times. It seems to be where those who are most disenchanted are heading now though.

I'll end it there. Don't want to bring this stuff to this thread, but had to respond to your comments, and a slow sunday is the only time I'll do it.

ps - have you read the latest stuff on those crooked Sprint and Enron executives and their accounting tricks ? JFC.

Arthur Leavitt tried to stop some of that, but pressure from Congress and their big contributors stopped him.
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