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  • Our Coming Depression [View article]
    Mr. Quinn - I always enjoy your writing. I have great hope that the 60 minutes special on "credit default swaps" and the talk of the Chicago Mercantile Exchange stepping in to broker these "shadow insurance" exchanges, will help to clean up some of the mess.

    Everyone looks at housing but we have had housing booms and busts before. The CDO - CDS situation is holding us back - trust? - what trust.

    This matter must be cleaned up and regulations put in place if we hope to proceed as a nation.

    Our advantage? In America, we talk about our problems. The 60 minutes special got the word out. Now the public outcry needs to swell. Maybe something can be done yet.
    Oct 07 08:22 am |Rating: 0 0 |Link to Comment
  • Moving the Deck Chairs on the Economic Titanic [View article]
    Are you serious?

    These "smart people" - the fscal conservatives have been there all along. Scuttled at every turn by their own boss - BUSH. He never met a spending bill he didn't like.

    And - the icing on the cake - the lead on this was Barney Frank. What a slap in the face. The very man who stopped every effort made to rein in Frannie Mae and Freddie Mac. What a joke

    Of course they voted no.
    Sep 30 08:23 am |Rating: 0 0 |Link to Comment
  • 3 Things America Needs to Do to Get the Economy Back on Track [View article]
    I disagree 11815 - The American people have it in them to make these tough adjustments, all they require is a renewed trust in their leaders.
    Sep 28 15:27 pm |Rating: 0 0 |Link to Comment
  • Entering the Endgame for Monetary Policy [View article]
    Thank you SWRichmond -I knew many blam fractional reserve banking for the mess but I never understood the impact until considering the 35-1-ratio on the unwinding. I guess I needed to actually see the figures to "get" it.

    write downs - 530B equity los 1.9T
    Sep 27 09:21 am |Rating: 0 0 |Link to Comment
  • $800 Billion for RTC 2.0 - Then What? [View article]
    www.nakedcapitalism.co...
    Sep 21 19:15 pm |Rating: 0 0 |Link to Comment
  • Has Jim Cramer Crossed the Line with Sirius XM? [View article]
    I'm not Jim Cramer - You are forcing me to think ahead and that is good. What technology will be available going forward.

    I remember the hype when TIVO came out. I do not have TIVO, but I have the technology (Direct TV box.)
    Aug 31 07:34 am |Rating: 0 0 |Link to Comment
  • The Great Consumer Crash of 2009 [View article]
    Read Roubini's article in the New York Times today. The first thing America must do is admit we have a problem. Americans could pull together, sacrifice, and move forward - but not without knowlege that this huge problem exists. There are many level-headed people living in this country but they are terribly ill-informed.

    Hopefully, the I.O.U.S.A. movie will be a success. First you admit you have a problem - and then you can go about the business of trying to solve it.
    Aug 17 08:23 am |Rating: 0 0 |Link to Comment
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