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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (104048)	11/10/2011 6:22:51 AM
From: RetiredNow	Read Replies (4) \| Respond to of 149317

tejek, with every post on our discussion about banking, you show even more of your lack of knowledge in this area. Europe is drowning in debt. I am surprised you didn't know that. Several of their countries are insolvent due to their indebtedness. We call them the PIIGS. I'm surprised you didn't know that, as well. Europe is trying to bail the PIIGS out, but it is spinning out of control. Maybe they can bailout Greece, but Greece is a deadbeat country that will never pay anything back. Even if they bail Greece, they'll never have enough money to bail out Italy. Bail outs themselves are a kick the can down the road strategy. You are for bail outs. I am not. I'm for solving the problem right here and right now through structured bankruptcy for banks and for countries alike. The debt needs to me EXTINGUISHED, not made to live forever through more debt on top of it. THE DEBT IS THE PROBLEM NOT THE SOLUTION. Anyway, keep dreaming. Oh and btw, how'd you like the stock market yesterday? The volatility in the markets will not only continue, but it will get worse. These are symptoms of a financial system under deep strain. You continue to think I'm wrong when it comes to finances and the economy? Fine. Argue with me politically, but protect yourself financially. Believe me, my brother, I'm not wrong. This is my background.