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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (71683)10/11/2006 8:37:15 PM
From: bart13  Read Replies (1) of 110194
 

The Fed and the Govt will NOT bail out the little guy at their own expense.


They had little choice in the '30s - there were very significant forces talking about a new government, McFadden was threatening, etc.


Take a look at the Bankruptcy reform act of 2005. It intends to make people debt slaves forever, not bail them out with jobs.


This is the bottom line - the Fed & gov't, etc, will do whatever is needed to continue this very long term trend.
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