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Elizabeth Warren: The Wrong Person to Oversee TARP

Did anyone mention that one of the two member of the TARP quit? It was Judd Gregg quit the panel citing his congressional duties.

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On Dec 09 03:40 AM The hand wrote:

> Tom, i love your posts. I actually think you will like having Elizabeth
> Warren on the congressional TARP panel is you have someone to write
> about.
>
> The reason things get screwed up is because there is no dissenting
> opinions. there has to be Ron Pauls everywhere. it keeps things
> real, and forces people to look in the mirror.
>

Recession, Rate Cuts and Stocks: Why This Time It's Different

According to Keynes, the root cause of an economic downturns is an insufficient aggregate demand. When the total demand for goods and services declines, businesses throughout the economy see their sales fall off. Lower sales induce firms to cut back production and to lay off workers. Rising unemployment and declining profits further depress demand, leading to a feedback loop with a very unhappy ending.

90% of the time you can make statistics show whatever you want 50% of time

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