User 265729

More Thoughts on 'The End of the Financial World as We Know It'

iThinkBig:

Your points on the TARP are well taken, but did it ever cross your mind that the reason that there's been no inflation and no lending is that the banks were insolvent? In other words, Paulson helped out his buddies get by, knowing that our economy totally crashed in October 2008. I mean, if they have big negatives on the balance sheets and Uncle Paulson helps his buddies out at the expense of the American people, the sheets at the bank may only show minimal reserves.

The article should really be called, The End of the World as We Knew It.

People don't understand how serious our economic situation is, let alone that it will be almost impossible to correct the structure before an all-out collapse. Obama's stimulus plan would need to inject $1 trillion/month into the economy/consumers for the next decade to keep our quality of life at even current (depressed) levels. He'll collapse the government/dollar before the economy ever turns around.

BTW -- The markets... STAY AWAY. The only people who are trading are proxies for Paulson and Bernanke... There are ABSOLUTELY NO REASONS why ANY of these companies should be gaining based on their current fundamentals or future prospects. They are a shill for the U.S. Government, for appearances..