Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Elroy Jetson who wrote (70415)	9/16/2008 6:49:41 PM
From: Maurice Winn	2 Recommendations Read Replies (1) of 74559

The banking system does seem sound. Lehman Brothers is being carved up, with Barclays buying a chunk. The reason the USA does well is because extreme left wing socialists wanting a government department to inspect loans have not held sway, though the effort to force "affordable housing" for sub-prime minorities and others is worth a closer look and you will find politicians there. That's where the problem arose. If people won't take responsibility for their silly lending and borrowing, and want a scapegoat, you can be sure they learn nothing and do stupid things again, probably the same thing. Mqurice

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