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


To: Elroy Jetson who wrote (104900)9/8/2009 5:06:04 PM
From: Broken_Clock1 Recommendation  Read Replies (2) | Respond to of 110194
 
There is nothing the current admin is doing that will prevent the destruction of this country's middle class. That's exactly why they are on this course....both R's and D's.

let's revisit your debt charts in 3 years.




To: Elroy Jetson who wrote (104900)9/9/2009 12:13:41 AM
From: Skeeter Bug6 Recommendations  Read Replies (2) | Respond to of 110194
 
>>We're experiencing the unwind of the horrific increase in the debt to income ratio since 1980.<<

actually, obama and crew are hiding banker losses and protecting the felony fraudsters.

nope, don't like it, but apparently you do!

the problem is that main street will pay for the excess of wall street - and the zombie banks have a verocious appetite.

in fact, they need to...

1. lie about the asset values on their books - mark to myth.
2. borrow at 0% and lend at 30% (credit interest).
3. fraudulently (but legally due to the criminal element of congress) rearrange banking transactions to maximize fees).
4. raise fees to make any money at all.

what needs to happen is for the criminals to go to jail, the bad banks to go bust (and be replaced by responsible bankers - and no, the bushevicesque fraud tactics of we *need* goldman sachs more than they need us crap isn't gonna work) and we need a reset on which to begin organic growth.

instead, the felons continue to run the banks and the government and they continue to lever up *knowing* they keep all their profits and will socialize all their losses.

obama is *killing* main street for the benefit of a few criminal bankers that pay their servant well.

but hey, if it makes you feel good, it isn't all for naught.