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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: stan_hughes who wrote (95891)7/28/2008 12:32:26 PM
From: Think4Yourself  Read Replies (1) | Respond to of 110194
 
"I wonder how much of TV nation even understands what's happening"

Very few Americans understand what is really happening. That's not surprising as it's pretty complicated. Ask anyone you know about the highlights of the just passed bank bailout plan. Almost no one will know. Most don't know the difference between Freddie and Fannie, how the Discount Window works, or even what the prime overnight lending rate is for. I know a lot of people who think the fed funds rate is the interest rate banks charge for loans to consumers.

What Americans in general know:

Housing prices are dropping
some people are losing their homes
gas prices are high
stock market is down
some banks are having problems



To: stan_hughes who wrote (95891)7/28/2008 1:31:08 PM
From: westpacific  Respond to of 110194
 
Just a goddamn peice of paper...

Me worry.

West



To: stan_hughes who wrote (95891)7/30/2008 8:53:13 AM
From: jvbigo  Read Replies (1) | Respond to of 110194
 
Some people in the business claim that China has been able to hide the billions in losses from loan packages they bought from US banks. There are still a lot of banks in other countries that followed the lead of the US in granting bad loans. Bad loans were
status quo for years. It's no wonder the governments of many countries are printing at a rapid pace to protect their banks.
Perhaps it could be said...never have so few really been so many..