Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ajtj99 who wrote (253625)	6/13/2010 4:05:11 PM
From: pstuartb	Respond to of 306849

I think we've gotten into a cycle of ever larger bailouts. That's clearly the problem. It's a bit like paying off loan sharks with loans from other loan sharks. The vig keeps getting bigger with each loan and the problem keeps getting worse, until eventually you end up in a shallow grave in the desert. I thought we were going to face our debt problems in 2003, but Greenspan refused. Then I thought the jig was up in 2008, but Paulson and Bernanke and company pulled out all the stops. Now the EU has conjured another trillion Euros for sovereign bailouts. I can't believe that after the next collapse, there'll be yet another, even bigger bailout that will push the repayment obligations out one more time. We've got to very near the end of the line now.