Andy1234

The Green New Deal: Stocks That Stand to Benefit

The new deal made things worse.....I suggest you look at your facts again about the depression.


and the depression is not like today....today banks have a whole lot of bad loans out there....and are that much more leveraged.....hedge funds on the lines of 30:1 and some banks on the lines of 60:1 or fanny/freddie 100:1 or so.

The depression was a case of a run on the banks and the banks ran out of money.....but they had solid loans.....their businesses were solid...they just ran short of cash.....and the fed reserve shrank the money supply during the same time frame. As if they wanted these banks and the morgans and such could buy all these distressed assets at pennies on the dollar.....almost like the downturn was planned.

Now....is a different story and a different game.....we need tighter lending...we need some banks to go under......and start from a fresh solid base....unfortunately.... goes against what the government wants because it brings in less taxes....all around...and unemployment.

I still don't understand how financial types can make so much money by literally moving money around.......I see this economy out of balance....and the bankers/hedge funds/mortgage brokers need to get wiped out.....as IMO don't add that much value to the system.