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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.33

+0.7%

4:00 PM EST

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To: elmatador who wrote (41487)	10/18/2008 4:15:33 AM
From: Haim R. Branisteanu	Read Replies (2) of 217849

most if not all of today financial troubles are rooted in the way the Clinton administration tackled the then US recession. 1. Changes in how CPI is calculated 2. Robert Rubin policy of "strong USD" to unload US debt on others 3. Forcing Fanny and Freddy in providing subsidized mortgages to low income folks (a political move) 4. Introducing and legitimizing the home equity loans 5. Issuing mortgages based on appraisals which included brokers fees and all other fees 6. Promoting an American dream of "Home Ownership" policy in the US The Bush fiscal policies after Sept. 11, and FED monetary policies only accelerated those damaging policies initiated under the Democratic Congress During the Bush administration the principles of "home ownership" where strongly pushed by a Democratic Congress who resisted any closer oversight of the GSM and issuance of mortgages in general - after all the low income class where Democratic voters. The Thieves and Swindlers on WS only took advantage of the popular programs and no one is out there to recoup the ill received bonuses and compensations of WS “Big Wigs”. Best example is Goldman Sachs top management collecting hundreds of millions followed by Lehman and AIG and so on, and Bush policy of total "no intervention" and complete "free markets" as WS sese it fit did not help First move to recovery from the bad financing practices would be to alter the way RE is evaluated world wide and not relay only on comparative appraisals of the latest sales, but also on actual cost with unadjusted prices for the underlying value of land – this will also reduce land speculation, and some kind of regional construction index - same should be adopted on commercial loans who relay only on free cashflow and asset valuations

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