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  • The Fed's Last Stand: Lower Spreads vs. Default Risk [View article]
    Why is everybody looking for this great depression? Is there an American fascination to watching people suffer? The fact is simple. If our government and the FED were not bigoted and self-conscious about actually appearing to help the middle class, then a financial tragedy could be avoided. Instead what I hear is a complete manufactured overwhelmngly amount of propoganda that is obssesed with their own talking points about how bad things are going to get. I'm starting to think there is a contest for the journalists who can continue to paint the bleakest most dire images of the future. What I don't hear are solutions. What I don't hear is a process of who is accountable. What I don't hear is angry media criticism of President Bush. What I don't hear is about how people who never loaned a dime will make money off of CDS through the settlement rate. To those readers, just let me tell you that there are many beneficiaries to these so called bankruptcies which is why our media is so complacent about this issue and fall of Wall Street.
    In addition there are some other ideas and lies that will be promoted by the main stream media around the whole process of foreclosure, zoning, and gentrification that one would think we were a third world country. Frankly I'm selling eurodollars (libor) as far as the eye can see to get ready for another lie about rising inflation.

    recommendation: Documentary called MONEY MASTERS on google video. A Must See!


    On Jan 09 03:01 PM constructe wrote:

    > Full faith and credit of the US government is laughable right now.
    > There isn't enough of that to fill a bathtub.
    >
    > I agree that something needs to be done about the CDS market. It's
    > crooked filled with a shadowy play of off balance sheet shennaniganism.
    >
    >
    > The US buying them or supporting them by buying the crappy underlying
    > bad bonds won't solve the situation. First and formost the CDS market
    > needs full transparency. And the big CDS gamblers need to face the
    > piper, not the US citizen.
    >
    > Suss out the muck before you start fixing things...
    Jan 10 06:14 am |Rating: 0 -4 |Link to Comment
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