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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (211627)	7/21/2009 7:30:52 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>He and his advisors keep thinking that if they provide “liquidity” to banks, the banks will go out and lend. They don’t seem to understand that credit is not a “flow” but a two-way contract between lender and borrower: Incomes have to improve first before credit conditions can improve. Rising incomes create improved credit worthiness and ultimately improving asset values, thereby enhancing lending activity.<< obama knows this full well. that's the cover story. the real effort was to loot the public so they suffer for the actions of the oligarchy and not the oligarchy themselves. people are so darn naive, these crooks get away these crimes and everyone still likes them. we do live in strange and wonderous times when states create their own currency. i disagree with his assertion that state currency printing solves the problems of the state. for a short while, perhaps, but not for the long term.