The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Hawkmoon who wrote (101141)	2/11/2009 12:26:25 AM
From: Little Joe	4 Recommendations Read Replies (1) of 110194

"None of this was Bush's fault. It was Wall Street and the global financial markets. Actually, if anything, we can blame JPM.. After all, they created the CDS concept." The problem is that whenever we distort the value of money by printing too much it always ends in a bubble. The particular mechanism by which the bubble manifests itself is always different, but also always similar. The discussion then turns to how to address the particular manifestation such as sub prime loans cds, cdo, abc, xyz whatever, instead of the real cause of the bubble which is almost always fiat money. One last comment, if we are going to give Banksters the power to create money in our society, we need to send them to jail when they fail. It is impossible to lose money running a bank with a 10-1 loan ratio, if it is prudently managed. None of these crazy schemes would have happened if Robert Rubin thought he would go to jail if Citi-bank failed. You can bet on that. The Banks are the biggest gangsters in town. Their actions caused all of our problem and in the end they will pickup all the pieces and we will be screwed. lj

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