Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (114921)	4/4/2008 6:08:15 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

Excellent rant....this point "bears" repeating, over and over again: America faced one of these tests the other day, and America, as a nation, failed. Those of you who tried to talk to your friends and neighbors were called nutcases, conspiracy freaks, fruits and all sorts of other nasty names. I've seen it, you've seen it. Yet now we have in Jamie Dimon's own words that JP Morgan, the firm "most" intertwined with Bear Stearns, had no systemic risk from a Bear Bankruptcy and would be, in his words, "just fine." In other words, we are to believe that JPM could absorb ALL of BSC's obligations without catastrophic consequences, yet the financial system of the entire globe could not (via bankruptcy)!!? Denninger's right, it's robbery plain and simple. Any clown in Clowngress who does not oppose this forcefully deserves to be booted out of office in November.