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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (456958)2/16/2009 5:54:45 PM
From: tejek  Read Replies (1) | Respond to of 1576152
 
but I really don't think we have a fundamental credit crisis

This runs in the face of what the vast majority of economists are saying. How then do you come to that contrarian conclusion?

Instead, the existing institutions are all acting like GM, Ford, and Chrysler. They're pretending they're too big to fail.

Why do you think we can afford to have them fail?

By the way, I really don't care what Cramer has to say about this, because Cramer flip-flops on a regular basis. More sound minds have come out in favor of doing nothing, and while I don't believe that's the most ideal solution, I believe it's much better than the solutions borne out of panic.

On the contrary, Cramer has been pretty consistent throughout this crisis.