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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: NOW who wrote (161313)10/30/2008 9:31:06 PM
From: Peter VRead Replies (1) of 306849
 
I didn't put in Denninger's next paragraph, but it addresses your comment:

>>> And yet it is what both Presidential candidates intend to do and what our current President is doing, along with the FDIC, Federal Reserve and Treasury, instead of forcing those who imprudently purchased, along with those who imprudently lent money to absorb the defaults themselves and go through bankruptcy - which is what is supposed to happen when you do imprudent things. <<<

It's hard to know what to do when everyone in charge, short of Ron Paul, and even those up for election, plan to do the exact same thing.
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