SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: J_Locke who wrote (76422)12/22/2006 11:29:14 AM
From: John Vosilla  Respond to of 110194
 
'Also regulators have a duty to keep excesses under control because the government has to pay to clean up the mess when the dam finally bursts (see the $250 billion RTC debacle.) How many billions or trillions will it cost when the gov. has to take over Fannie Mae (too big to fail times ten)?'

Neoncons ran amok with record budget deficits, socialized ownership society and spreading US version of democracy to places it shouldn't be in nor can afford the massive undertaking to get to the desired goal. At least a couple of trillions of dollars in misallocation of capital the last five years is why our currency has plunged quite dramatically. How it plays out on the interest rate front with real rates remaining negative (if you assume CPI is way understated as I do) while trying to support the dollar and appease the foreign holders of all our debt at the same time will only be known over time..