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1992
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You are absolutely right. No current steps are helping to fix the underlying problems at all. There is going to be hell to pay, and that day is only getting pushed back. In the mean while, there is no reason to trust this market. Nothing is really getting better. It will eventually sink in to investors that '09 is going to be a very blah year, and there is no quick fix or soon turn around for what is wrong with our economy and the world economy.
Aug 07 11:00 am
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All Comments by Larry House »The Credit Crisis: Solvency vs. Liquidity, and Why Bailouts Won't Help [View article]