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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Rarebird who wrote (90926)1/28/2008 12:27:57 PM
From: Paul Kern  Read Replies (1) of 110194
 
If the banks go under, John, the foundation of the system, based on credit expansion, crumbles. To build a good foundation, the bad roots must be weeded out. But the powers that be that control this system (and are represented by both Bush and Clinton) will never accept defeat. "They" will do whatever is necessary to maintain the staus quo and fight to the death to preserve their bankrupt system, even if that means destroying the civil liberties of (and bankrupting) almost all Americans in the process.
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This is all the result of repealing the sections of the Glass-Steagall Act that separated banking, investment banking and brokerage.
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