Cristi

The Housing Bill: One Step Closer to the United States of Zimbabwe?

To thku4grace,

I have a hard time not calling you stupid. I won't argue with you who's fault it is. Who cares? When your house is burning you do not stop to see who started the fire.
What Ron Paul and the article itself is pointing out is the fact that Wall Street is bailing itself out with our money and government is using this to get more power and information over us.
And printing money they way they are doing will devalue your assets even though you were supposedly smart enough not to live beyong your means.
I agree that a log of people were greedy. And now if they were the only ones getting burnt I would not care at all. But as they've been saying: Wall Street got drunk and we are getting the hangover.
For a further read about the hangover see the article about covered bonds at tradinggoddess.blogspo.../.
It is amazing to me how little outrage has been shown about what is going on. And probably because of people like you that stop to yell at the people that set the fire.
I am a foreigner originally. I can always go back to my country. What will you guys do if this becomes United States of Zimbabwe?

P.S. And if you feel tempted to ask me the standard narrow minded question: why did you come here if you do not like it? The truth is when I came here it I liked it very much and admired America. But lately people are f#$%^! around with my "american dream"!!!!!

The Butterfly Effect and the Uptick Rule

I have a simpler explanation: A lot of layoffs in the financial sector led to a lot of people with a lot of time and money on their hands and a very good understanding of the system and how to manipulate it.