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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: catflu2™ who wrote (30159)	3/15/2008 11:03:45 AM
From: robert b furman	Read Replies (1) \| Respond to of 206849

The Fed is simply saving the investment bankers who created a toxic lending system that was intended to provide loose money to risky mortgage lenders. They had the intent of displacing the conservative bankers with a new fangled CDO system that destroyed accountability as far as truth in lending is concerned. The collapse of this fraudulent system is a great truth that conservative lending practices are always those that last and create profits. IT IS BY NO MISTAKE THAT THOSE WHO WALLOWED IN THIS SLOP THE MOST WILL BE DIGESTED BY THE STRONG BANKS THAT DID NOT WALLO IN IT AT ALL. As for the poor shmucks who got lured into these risky loans - some will persevere and others will walk away. In between there - those that have saved their hard earned money ,can now buy some bargains that the losers walk away from. What is so bad about this scenario? Nothing - it is an absolute set up to a strong global economy that the USA can react to (with albeit a hangover from this sub prime BS). I think the boyz with the bucks are tiring of the delay. They through Bear under the bus and cut out the cancer as it was impacting their capability of making money beyond this debacle. We are close to a resumption of growth here as the purge continues to roll the offenders back into the control of the FEDS banking system. Payback accomplished - now lets get it on with the stock market. Stocks suddenly look pretty safe when backed by profitable companies with real unleveraged assets and pay hard train riding dollars in dividends. SNORT !! Bob