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: Gib Bogle who wrote (104988)	9/11/2009 1:07:09 PM
From: NOW	5 Recommendations Read Replies (1) of 110194

As Nobel economist Joseph Stiglitz recently noted, the bureaucrats that designed this bailout are “either in the pocket of the banks or they're incompetent. It's a real redistribution and a tax on all American savers. This is a strategy trying to recreate the bubble. That's not likely to provide a long-run solution. It's a solution that says let's kick the can down the road a little bit. They haven't thought enough about the determinants of the flow of credit and lending.” What exactly is your point anyhow? obama apologists seem to get so tangled up in their own confusion, it makes me dizzy

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