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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Valuepro who wrote (61881)	10/23/2008 1:05:11 PM
From: E. Charters	Respond to of 78410

Bill Clinton reduced the staff at the Federal Financial Institutions Examination Council by 95 percent. He also signed the bill that allowed the melding of banks and securities firms. Tsk, tsk, that was just wrong, Bill. What a blow-job the voter got! Tsk, tsk, tsk. Where was Hillary with her quartermaster's staff and combat boots when we needed her? Securitization of loans makes sense, as mortgages are 95% secure over time historically, except when the aren't, historically.. But it got out of control when leveraging of the "asset" went bonkers in ever increasing interest rate areas. 20-20 hindsight notwithstanding, what I would have been on the most wanted fraudster's list for, got bankers promoted. Tsk, tsk tsk... So if you reduce interest rates to stimulate, you create a monster log jam with the Devil riding the logs - as the interest rates have to rise and overfinancing at the lower end will always be foreclosed upon by the writers at the high. S.S. Minnow, AKA BOC, steams to the Rescue to Clear the Financial Waters. EC<:-}