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Anatomy of a Meltdown -- Ben Bernanke and the financial crisis.

Discussion in 'News & Current Events' started by Crabtownboy, Nov 24, 2008.

  1. Crabtownboy

    Crabtownboy Well-Known Member
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    Interesting article by John Cassidy, yes it is a long article. Complex issues cannot be explained in 5 minute TV news slots. More data points on the financial crisis.

    http://www.newyorker.com/reporting/2008/12/01/081201fa_fact_cassidy
     
    #1 Crabtownboy, Nov 24, 2008
    Last edited by a moderator: Nov 24, 2008
  2. windcatcher

    windcatcher New Member

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    Sorry but this gives them too little credit for doing what they do too well. WallStreet thugs, know exactly what their doing. They know how to make money and sway the opinion o fthe public to do so. While they say one thing, they anticipate the action which will be produced and are already prepared to benefit.

    The bailout, for example, would only get the congressional backing if it was pitched a certain way: As long as their master plan of having control of the funds is preserved within the law, then there is nothing to require these buffoons to act as they promised while selling the congress on the package.... And make no mistake: They KNEW they could sell the congress. They know how to make money while they set up the risks for us to pay. We are fools to think these people care about us. They are the market manipulators...... and a $700,000,000,000 bailout gives them a lot of manipulation room with the markets with no dedication to where these funds go, who it helps, and oversight. Every lawmaker who fell for this scam ought to be reconsidered for replacement in office.... and our President, who might have been cornered in the process, desserves a boot in the seat of his pants by Daddy Bush on his haste out of office for promoting this bailout.

    Funny, aint it. Those very authorities who are unreliable in forcast are now reliable in predicting a therapeutic bailout.
     
    #2 windcatcher, Nov 24, 2008
    Last edited by a moderator: Nov 24, 2008
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