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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (107170)1/24/2010 1:19:40 PM
From: mishedlo3 Recommendations  Read Replies (2) | Respond to of 116555
 
The crux of the problem is a Fed that should not exist at all setting interest rates too low, openly inviting people to speculate.

You clearly do not understand the root problem of this mess.

Mish



To: ecrire who wrote (107170)1/24/2010 3:35:10 PM
From: Metacomet  Respond to of 116555
 
People took on financial obligations beyond their means.

Yup..

With the knowledgeable lenders abetting and encouraging them.

They were enabled by the more sophisticated and greedy bankers whose fees were front loaded.

Sorta like the used car dealers who would tear out the coupons at the rear of the payment book to "lower" the cost of a vehicle.

Dumb bastards get fleeced. It's the American way.....


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