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

To: Real Man who wrote (19294)	3/30/2009 6:55:06 AM
From: axial	2 Recommendations Read Replies (1) \| Respond to of 71455

Agreed, especially about punishing - not rewarding - the culprits. But just by saving the banks, we're rewarding them for failure - nobody wants another LEH. So we just break them into smaller pieces. Derivatives? We don't know the truth, and they're not telling us. Makes you think maybe it's so bad they can't tell us. Should GM and Chrysler be allowed to fail? In the middle of the crisis? Debt problems, entitlement programs, taxes? Quite a mess... --- Talking economics...

To: Real Man who wrote (19294)	3/30/2009 7:09:38 AM
From: axial	Respond to of 71455

Obama ousts GM boss " U.S. President Barack Obama and his top advisers have determined that neither company is viable and that taxpayers will not spend untold billions more to keep the pair of auto makers open forever. In a last-ditch effort, the administration gave each company a brief deadline to try one last time to convince Washington it is worth saving, said senior administration officials who spoke on the condition of anonymity to more bluntly discuss the decision. Mr. Obama was set to make the announcement at 11 a.m. Monday in the White House's foyer." More: business.theglobeandmail.com Jim