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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Amelia Carhartt who wrote (17688)	2/16/2009 4:48:41 PM
From: Tommaso	Respond to of 71456

I think it's been going on since 1998, starting with the completely needless rescue of Long Term Capital Management. Prior to that, what you had was a typical stock market bubble that would have deflated itself. But instead of "taking the punch bowl away," the Fed just spiked it with stronger stuff.

To: Amelia Carhartt who wrote (17688)	2/16/2009 4:49:41 PM
From: zamboz	Read Replies (1) \| Respond to of 71456

I see what you are saying. He did give us another bubble with easy credit. Yeah, things would be much different now. Sometimes I wonder if he got carried away because of 911.

To: Amelia Carhartt who wrote (17688)	2/16/2009 5:15:54 PM
From: zamboz	Read Replies (2) \| Respond to of 71456

60 Minutes this week interviewed a mortgage company whistle blower. The company that employed him actually advertised that it did not do income verifications. UFB.