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

To: 2MAR$ who wrote (74152)	5/12/2011 1:02:48 PM
From: Gemlaoshi	1 Recommendation Read Replies (1) \| Respond to of 219929

When private debt falls off, public debt must increase to fill the void. Nothing new in this article except perhaps to lawyers and journalists (and many bankers) who were totally ignorant of economics prior to 2008. They are missing the source of the outrage of American citizens intentionally or out of ignorance. The recipients of the rescue, and the recipients of the current reflation should be the ones to repay the price of the rescue. The banks not only want to ignore that they were able to dump so much worthless debt onto the Treasury, but they want us to appreciate them for being solvent and leading the recovery. The outrage, Ms. Brown, comes from the socialization of the mess created by a few who are still in power. If you made the mess, you clean it up. I, for one, am not appreciative that the same incompetent banks have survived just to create a bigger mess in the future. No more private rescues at the expense of the taxpayer!! If your bank is terminally stupid, the taxpayer owns it and you are OUT! Dave