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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Nihontochicken who wrote (4679)	3/6/2007 3:41:15 PM
From: RonMerks	Read Replies (2) \| Respond to of 50758

Subprime snowball? There was a short story on the news about Barclays Bank holding a $1 billion dollar credit line to one of the subprimes that looks to be going bankrupt soon. A billion here, a billion there- pretty soon it starts to add up- right? I was stunned when the accounting scandals at Fannie Mae with Franklin Raines got swept under the rug. But, then again- we want to put a Louisiania Congressman who got caught taking a bribe on tape by the FBI and who had $90,000 in cash in his freezer- on the homeland security committee. The taxpayers will get caught will another bailout like we did in the S&L crisis within a year, or two when this all comes crashing down. The S&P 500 now has 45% of its earnings coming from outside US borders. US CEO's could give a shit about America and US Politicians would sell both their soul- and our ass- to the highest and lowest bidders respectively. We need a complete and total political revolt in America and the birth of a 3rd party that returns control to the people and never looks back again for about another 50 years. In twenty years- you'll either work for the government, in healthcare, be an investment banker- or, make $8 bucks an hour- because that will be the prevaing wage in the new world order. A life of shopping at the bargain bin at WalMart and juggling credit card debt. Ron