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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: neolib who wrote (149179)9/22/2008 9:39:44 PM
From: Joe S PackRead Replies (2) of 306849
 
If those institutions go under the pain will be short and sweet and have long-lasting cleansing effect on the US Monitory system. We should also eliminate the root cause of this inflate-at-will-for-ever fiat currency system and the Fed. This will also make these spineless Clowngress more accountable as they cannot keep borrowing and spending like a multi-generational drug addicted drunkard.

For those like you encouraging opposition to the bailout, what do you think should be done instead? Kunstler IMO gets one point correct, namely that if the bailout is stopped, the trainwreck configuration resumes. It is fine to sit and claim "I don't want to pay for others mistakes..." but none of us are financial islands. So, what do you want?
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