Chickenpookie

Mr. Market Has Spoken

The laws of free markets apply only to those who are subject to risk. The entire banking industry and US congress have isolated themselves from risk at the expense of the world economy for many years now. They have given away the contents of American wealth, while managing to turn the world against them, including the American people. These men (and women) refuse to admit what happened and take corrective action because they themselves are so corrupt and arrogant, they cannot acknowledge even to themselves their mistakes. They will pursue the same agenda until at some point, the entire economy either collapses and falls to some other form of regime. History always repeats itself.

More on the Fannie/Freddie Heist

I agree with stockpicks, this is privitization of wealth and socilization of debt. But then what should we expect when free trade is corrupt with broker-dealer (sell side) nondisclosure? How about the upstairs trading that goes on that unless you work for humungus bank & broker, you cannot participate in? Let them go bankrupt, we dont need them. I pray!