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To: koan who wrote (258411)	7/3/2010 6:04:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>He said it was caused by a great unregulated ponzi scheme. companies arose with nothing but stock of other companies. House of cards.<< a credit bubble was the ponzi scheme and the root cause. without a credit bubble, the money doesn't exist for people to get crazy stupid with their money. THIS IS EXACTLY WHAT CAUSED OUR CURRENT CRISIS. >>Same thing with this depression: unregulated CDS and CDO's collapsed and froze the credit markets. The reason Bush gave AIG 182 billion no questions asked.<< yes, a massive credit bubble cause our current problems. market-ticker.denninger.net >>But what does one do then after this happens?<< what does one do after one shoots themselves in the foot? what does one do after the get wildly drunk? they suck it up and take their hangover. usually. or they could drink another bottle of scotch and kick the hangover can down the road and eventually face an even bigger hangover. >>Kids are starving is the bottom line. Get the kids fed first and then screw around with theories I say.<< $1.0 billion for security for the G20 could have fed a lot of kids no? they don't care about feeding kids, they care about funneling much of that $1.0 billion to their special interest security firms. you can't have solutions with criminals controlling the state! BOTH PARTIES!