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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: DebtBomb who wrote (168601)12/3/2008 8:33:20 AM
From: butschi2Read Replies (1) of 306849
 
"JPM and Bac will be perhaps first in line for their second bailout, before Citi gets its third bailout."

Uh....yeah....and then the automakers will be back for more.....people just don't get it....it's pissing money away.

But even that is better than the "Greatest Depression" looming. If the economy gets in tail spin and the government contracts spending all bets are off, normally government should have had huge surpluses in boom times but GWB pissed away the money through tax cuts and for his war chest and the wars will have on top of their present day costs huge attached costs in the future for medial care and health benfits for the injured soldiers.

We will have huge public works projects soon perhaps most for infrastructure in all countries around the world. The mistakes have been made by letting the bubble start in 2001-2003 mostly by low interest rates and policy errors and by starving regulators and influence peddling from banks.
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