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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (33110)	2/21/2009 9:11:18 AM
From: Peter Dierks	1 Recommendation Read Replies (2) \| Respond to of 71588

It is common knowledge that democracies are a temporary form of government. The run we had from this republic has been a good one. It appears that it is over though. Message 25363627 My mission will be to find a place to park my kids until the next great democracy emerges. Maybe in the breakup of the United States a country will emerge from the Red States that still believe in personal responsibility and hard work. I wouldn't live in any of the democrat stronghold states on a bet.

To: RMF who wrote (33110)	2/21/2009 5:15:44 PM
From: Don Hurst	Read Replies (1) \| Respond to of 71588

>>" I heard recently that Switzerland may be bankrupt because they lent too much to the Eastern Europeans. "<< Where did you hear or read that?...National Enquirer?

To: RMF who wrote (33110)	2/21/2009 5:16:07 PM
From: Don Hurst	Respond to of 71588

>>" I heard recently that Switzerland may be bankrupt because they lent too much to the Eastern Europeans. "<< Where did you hear or read that?...National Enquirer?

To: RMF who wrote (33110)	2/25/2009 4:42:18 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: "I heard recently that Switzerland may be bankrupt" I don't know about 'bankrupt', but they certainly may have a really big problem getting a lot of the LOANS they made throughout Eastern Europe (loans, such as mortgages and business loans, made in Swiss Francs to nations where the local currency has dropped by half or so in value against the Swissie...) paid back at anything like a 100% of the face value. (A lot like the Latin American Debt Crisis of a generation back....) This --- on top of some of the humongous losses some of their largest banks (Union Bank of Switzerland, etc.) have already booked on securitized investments --- may mean some real pain....