Obama getting bad economic advise
The Government can not pull USA out of a depression.
Every time the Government has tried to help with a depression
they have only made it worse.
Obama's plans are only a bandaid at best.
The world has a huge mass of bad paper
that has not been marked to the market.
And that paper is a ticking time bomb.
Right now everyone is just trying to
ignore the 800 Lb Gorrillia in the Kitchen.
The Banks are not lending, because this
paper on their books scares them to death.
They know what they paid for the paper
But have no idea what it is worth.
This is the prime/key issue.
And will have to be addressed.
And the bad paper the criminal
Banks and credit card compaines
still has to come to the front.
33% to 99% interest rates are
criminal... for a reason.
Intrest rates that high cripple the
economy, and this still has not come home to roost
Banks and Credit card companies have been running
a criminal syndicate OK'ed by Congressional Whores.
Designed and built by lobbyests.
Why isn't Madoff in Jail?
Symptom of whats wrong with Gov. over sight.
WHAT DOES AN INSIDER HAVE TO DO TO GET JAIL TIME.
No wonder the banks are running wild criminal syndicates.
There is a reason for the The Glass-Steagall Act of 1933.
Keep banks out of investments.
Sometimes I think the bankers nature precludes them
from dealing in investments without reckless speculation
and criminal activity. Usury, fraudlent sub-prime paper,
Its time to kick the foxes out of the chicken coop.
Series 7 & 13