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

To: SliderOnTheBlack who wrote (7587)	1/8/2008 9:21:25 AM
From: RonMerks	Respond to of 50722

It's Greenspan that created the ENTIRE mess that we are in. How many hundreds of billions of dollars will this credit crisis end up costing America? Tax payers will end up paying for Bush's stimulus package. Tax payers will end up paying for this foreclosure bailout package. Tax payers will probably end up bailing out Fannie Mae and Freddie Mac. Wall Street CEO's get $20 to $120 million dollar golden parachutes- AFTER banking hundreds of millions in salary- and the average American will get stuck with the bill for this entire mess. Do you think it was a coincidence that they passed the new bankruptcy reform laws- right before this mess? I still don't get it- why the press is not right now- turning on Greenspan and calling him out for this incredible nightmare that he and he alone created. Ron

To: SliderOnTheBlack who wrote (7587)	1/8/2008 9:24:10 AM
From: RonMerks	Respond to of 50722

It's Greenspan that created the ENTIRE mess that we are in. How many hundreds of billions of dollars will this credit crisis end up costing America? Tax payers will end up paying for Bush's stimulus package. Tax payers will end up paying for this foreclosure bailout package. Tax payers will probably end up bailing out Fannie Mae and Freddie Mac. Wall Street CEO's get $20 to $120 million dollar golden parachutes- AFTER banking hundreds of millions in salary- and the average American will get stuck with the bill for this entire mess. Do you think it was a coincidence that they passed the new bankruptcy reform laws- right before this mess? I still don't get it- why the press is not right now- turning on Greenspan and calling him out for this incredible nightmare that he and he alone created. Ron

To: SliderOnTheBlack who wrote (7587)	1/8/2008 10:08:58 AM
From: jim_p	Read Replies (1) \| Respond to of 50722

Excellent points!!! It all boils down to a couple of pretty simple facts. 1. The bond market is screaming recession and the bond market is never wrong, it dwarfs the stock market in size. 2. Gold is screaming inflation and it's got a pretty good track record on inflation. 3. "The cloak of anonymity on both "who" comes to the discount window and "what" the Fed is taking as collateral." This pretty much tells anyone who isn't wearing blinders the whole story on how bad it really is. The big difference today from past downturns/meltdowns is the amount of wealth in the sovereign wealth funds. In my opinion they are the ONLY reason the markets haven’t collapsed. Jim