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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (137155)	9/16/2008 10:54:18 PM
From: Jane4IceCream	3 Recommendations Respond to of 173976

Oh crap....your back. How was the food in jail? Jane

To: American Spirit who wrote (137155)	9/16/2008 10:54:59 PM
From: Land Shark	Read Replies (1) \| Respond to of 173976

You're right...This economic disaster is far deeper and broader than anyone is telling you on CNBC, Bloomberg or Faux News. The Neocons are scrambling behind closed doors trying to plug the dam that's bursting at the seams. We'll see 50% haircut in the Dow before all is said and done. It's all the making of the Free Market Ideologues and the Neocons. Greenie refused to talk about bringing in regulation to stop the crims who turned the banks into giant hedge funds. Banks are supposed to be chartered institutions with risk ratings reflecting NO hedging allowed. Instead the banks hedged 30:1 for flimsy investments. They engaged in massive risk taking in derivatives and commodities futures. There was no restriction for this sort of thing. And they pulled the wool over investors eyes. Oh there will be lots of litigation and the lawyers will make lots of money. The shareholders and the taxpayers will bear the burden. The execs. will all get bonuses and high fives. This is the crime of the century (next to the Iraq invasion). The Chimp is the biggest disaster president EVER.