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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (44787)	8/9/2010 11:04:04 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: "You proved my point. Banks are investing in a security that is relatively safe for the short run. They cannot invest in stocks for many of their accounts." They could LEND. (You know... what's banks traditionally did. :-) Re: "Ouch, Obama has destroyed nearly 1/3 of the household wealth." I think you might need to check your calendar again, Peter. <GGG> (Re: ... About $19.7 trillion in household wealth was destroyed during the seven quarters ended March 31, 2009. Nearly 30% of the $65.9 trillion in net worth in the U.S. at the end of June 2007.) Vast bulk of that evaporation of wealth happened prior to Obama's swearing in. (The Recession itself dates it's beginning to late 2007, but 2008 witnessed by far the largest portions of the financial crash.) Re: "You really should be rooting for the Tea Party to succeed in shrinking the growth of government." I'll root for anyone that has a sane plan with a good chance of working. Where is there's?