Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (74178)	11/28/2010 12:47:34 AM
From: arun gera	1 Recommendation Read Replies (1) of 74559

>The basis for your monetary ideas seems to be that humans are mindless automatons, blown in the wind of hurricanes beyond their control and understanding; helpless mindless fatalistic defeatism. > Why fault individuals? Large companies and banks were tossed around in the financial hurricane that hit in 2008. Merrill Lynch was thrown into Bank of America's arms. Goldman Sachs was willing to sell to Citigroup. Lehman keeled over. Arms of GE and GM got bank status. Banks sought refuge in their national governments. Now the hurricane is hitting countries...Iceland, Dubai, Ireland, Portugal, Spain, Belgium, Italy.. maybe even New Zealand. -Arun

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