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There is responsibility with banks to perform due dilligence and check to make sure people have the ability to repay. I don't buy the B. S. that the government needs to step in and take care of everything. There is too much government interferance with everything already. If you entice people with part time employment...more
Another wall st. A$$. Don't we have enough banker representation in government already?? How about separating money from politics..now that would be a change I could believe in.
This bailout mentality is utter crap. When a business fails or is insolvent, it should go bankrupt. The debt is then cleared and the good assets are sold off. That's known as capitalism. That system worked very well for a couple of hundred years, until Hank Paulson (banker, crook, shill, your favorite here ________) t...more
iowaview; It's not a left, right thing, both parties are money whores and both are owned by the lobbiests and banking cartels. The key would be to separate the money from the politics (not an easy task, but doable). Once you get rid of the central bankers the system could work again. We've become a government for the b...more
Tech stocks...really! This is the way out? Are there not more pressing things to be addressed. Europe is collapsing under insurmountable debt and two dictators have been installed in place of elected officials. Housing continues to fall. The stupid committee could not agree to cut 1.2 trillion (peanuts) over a TEN YEAR...more
Anthony asks, "Are Italy and the Euro Zone past the point of no return?"
Yes they are, so is Spain, Portugal, Ireland and The U.S.A. This is not a liquidity issue its a debt issue. You cannot borrow and spend more than you produce and this is what has happened for years. Mathematics cannot be changed no matter how m...more
Quote:
"Today, it was all about politicians using taxpayer funds to backstop their banks. While this may not be ethical or sit well with the free market purists out there, it's happening and it's a definite positive for a market that's been obsessed with downside risks over the last three months." Pretty much every...more
10/12/2011
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