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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (101738)	2/28/2009 1:43:15 PM
From: zamboz	Read Replies (1) \| Respond to of 110194

His answer also legitimizes his current actions to continue bailing out the banksters I can see your point. Politicians have worked hard to earn your cynicism. I was pleased that Obama is keenly aware of the derivatives portion of the crisis. Forgive my leaps of faith. I recognize them for what they are. I need them to get up every morning. <g/ng>

To: Broken_Clock who wrote (101738)	2/28/2009 4:22:04 PM
From: Logain Ablar	8 Recommendations Read Replies (2) \| Respond to of 110194

If I remember corectly it was the banks complaining of the unfair advantage Fannie and Freddie had that created the bank leverage. Instead of clamping down on Fannie and Freddie they let the banks leverage up. What I can't figure is they all still point the finger at housing, even Buffet, not the underlying credit bubble. The blame is Reagan since he had Greenspan appointed and it was Greenspan who was the clueless culprit. I admitt it when he used to give those giberish speeches I too though the double speak was intelligent dodging. Now I see it was just unintelligent gibberish.