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

To: SeachRE who wrote (143428)	10/26/2008 7:20:34 PM
From: geode00	1 Recommendation Read Replies (1) \| Respond to of 173976

I don't know what a 0% capital gains tax would do. IMO we don't need to inflate a bubble but fix the fundamentals. When that is done banks will lend, people will invest and all will be back on track. I don't see much of anything on any progress getting into the problems of CDOs which are (supposedly) the big, scary monster under the bed. I don't see much about any additional bank failures at least not coming out of the government. What is going on? What insurance companies are in trouble, which hedge funds, which banks....unless these things are clear to all, why should anyone feel confident? I'm not feeling very confident when the head of the FDIC says more banks will definitely fail...when, who, what? We don't need any more major league surprises and emergency meetings over the weekend to find buyers for failing companies. What, for example, is going on with AIG? Why are they running through so much money so quickly? Is anyone from the government (80% shareholders) over there doing anything? It's very unnerving which is probably why people are unnerved...it makes sense to be.