scotty1560

Hedge Funds, Oil Prices and Resulting Recession

Agree with all the comments.

Might help to put a few restrictions on lending practices as well, that
100% ltv creates a few issues down the trail, doesn't it.
Nothing like some good old fashioned gambling aka leverage to destroy
an economy.

Now the bad news: our "leadership" is joined at the hip with the financial
services monster..kinda like "Siamese twins", so don't hold your breath
on any real reform..each decade the system decays a little more from
those good old days of Tommy Jefferson and Andy Mellon. Those
expensive co-ops in Manhattan cost lots of dough, ditto a good lobbyist.