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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (393626)	9/2/2009 2:27:04 AM
From: ayn rand	Read Replies (1) \| Respond to of 436258

Lobbyists' power becomes lethal to our values. Special interests running and destroying American democracy will self-destruct. Derivatives: Cap 'n trade will crash worse than subprime. The "Goldman Conspiracy" is spending millions lobbying for trillion-dollar derivatives. "Too-greedy-to-fail" big banks will trigger harsh backlash. Banks pay huge bonuses yet modify only 9% of 4 million stressed home loans. America's wealth gap will trigger grass-roots rebellion. Wall Street's greed is so pervasive, gluttonous and obvious, the rest will rebel. The Goldman Conspiracy will be a target for retribution. Goldman's hubris is most egregious and flagrant. Its arrogance will backfire. A wave of creative destruction will revive commercial banking. Investment bankers will kill commercial banking, and Glass-Steagall will return. Secrecy protecting Wall Street's unethical behavior will end. Wall Street's control over Washington's lawmaking will come to an end. The Fed's shadow banking will collapse under excess debt. Central bank balance sheets will be overdrawn, feeding the new bubble with cheap money. A "Black Swan" of huge unintended consequences. The next bubble will be highly unpredictable, with huge collateral damage on Wall Street. New bull, new bubble, new meltdown? You can feel it in the air; Americans want a new bull and a new bubble to spice up the economy, and the government is cooperating. As usual, we'll pay for it later. By Paul B. Farrell,