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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (10418)	4/3/2009 4:28:18 PM
From: Wayners	1 Recommendation Read Replies (2) \| Respond to of 103300

That's a great explantion of why banks aren't lending. Why should they lend at fictional manipulated, low rates? The stupid Fed interfering in the free market and the Federal Government interfering as well. The free market is efficient and dishes out punishments and rewards to those who deserve it. The Government instead tries to interfere with what people really deserve, usally resulting in a delay and increase in either. What I didn't really know is that Europe had their own debacle, similar to our's at the same time, with Eastern Europe. In addition they also bought the securitized crap from the USA. They borrowed free money from Japan at 0% interest and invested it in Eastern Europe. Then interest rates went up in Japan suddenly and everbody tried to hit the exits at the same time. Instant disaster. How can there be two simultaneous disasters like this at the same time. Makes you wonder if more than a coincidence.