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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Sea Otter who wrote (9462)3/5/2004 2:39:58 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 110194
 
A bit hyperbolic....as far as I know, no prison terms are planned. Debts are CLEARLY much harder to discharge, though and undoubtedly we'll see a great deal of pressure placed on debtors through governmental aegis, more or less assisting the creditors (who have been WILDLY reckless for years in lending to unfit borrowers across the board). This won't play out well politically, IMHO....



To: Sea Otter who wrote (9462)3/5/2004 2:54:49 PM
From: Jim Willie CB  Respond to of 110194
 
exactly, next president is in a no-win situation
the economy and financial markets and currency markets are geared to implode

this is within GreenScheiss's backyard
not the president's
I am continually amazed how each president is blamed for his predecessor's errors, or credited for his predecessor's wise maneuvers

what we are watching is the implosion based on profligate Clinton years and certain GreenSpasm recklessness
Greeny attempted to re-invent economics and cheat mother nature
now we see the fruits of such insane bank policy

no president can overcome what comes next
/ jim