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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (72374)	3/26/2011 4:08:12 AM
From: elmatador	Read Replies (1) \| Respond to of 217749

From 1946 to 2000 there was a celebration that should have ended 2000. That celebration was artificially kept by AG and Bernanke. Comes 2008, they still tried to give the economies a surface of normality. That is what I am trying to say. Greece and Ireland gone. Portugal will soon will go. Spain will go too. It must be acknowledged that the G-7 type economy is dead Only then real actions will be taken.

To: Maurice Winn who wrote (72374)	3/27/2011 9:24:13 PM
From: carranza2	Read Replies (1) \| Respond to of 217749

You and I aren't having any birthday blow-outs, Mq, but the bailed-out banksters are. They are choking on bail out money which is not being put to use except as excess reserves. One of the reasons for the mess, at least here, was the dismantling of a post-Depression regulatory scheme instituted by FDR. Anyone with a decent historical perspective could have seen it coming for the S&L mess was its analogue. Cost the US billions but a critical distinction was that many of the crooks were put in jail. Not so, now. The S&L fiasco was the direct result of de-regulation. The recent imbroglio also was the result of the dismantling of critical regulatory schemes, mainly the tossing out of the Glass-Steagall Act which put a Chinese Wall between banks that accept deposits and investment banks. Briefly, after Glass-Steagall was thrown overboard, the investment side of the banks could use customers' deposits (swollen thanks to Greenspam's easy money policies) to make investments, with predictable results. Bankers without limits seem to overdo the greed thing. In any event, the system of regulation instituted by FDR after the Great Depression did a wonderful job of keeping things reasonably rational. Like unleashed rabid dogs, banksters will gamble and leverage up if not restrained. The truly unfortunate thing is that, although the need for re-instituting the old system is clear, it seems that the banksters have won that political war. There is no chance now that a decent regulatory scheme will be put in place. Because banksters' greed knows no bounds and they now know that they will be bailed out if they fail, the next financial crisis is clearly just a matter of time.