kowalski

The Crash of 2008

Eagle-Chief,

yes,

Wall Street is a con game, but people have short term memories, and as long as there is capitalism, a need (even a desire) to make money..

I have seen this scenario unfolding many times before, and I doubt it will be different this time, because - quite frankly - there is no alternative... not as long as human nature is what it is: stupid and greedy!

Besides, Putin is the wrong man to make comments on who has lost what and for how long... Russia is the worst and most corrupt country of all!

Is the End of the Crisis Near?

"Some big money is exiting the stock market in an organized, well planned, and determined fashion. This is not panic nor desperation. I don't know who the big money is, hedge funds, mutual funds, pension funds."

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Hedge Funds need huge amounts of money b/c of year-end redemption calls!

www.marketwatch.com/ne...

The Credit Hostage Crisis

"...in the ability of our democracy..."

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America is not a democracy but a plutocracy. Plutocracy is governance by the wealthy.

beyondplutocracy.com/

Looking for Hope

"What we all need to do is Pray to our Lord because he is in charge anyway."

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Religious people never fail to amaze me! If the Lord was truly in charge, why pray to him?! Blaming Him for the mess would be more to the point, and asking Him to leave as alone even more so... But of course the true believer's relationship to "this"Lord is is one big Stockholm Syndrome.

Just How Bad Was June?

Excellent!

The Liquidity Tsunami

"[The Federal Reserve's] role as one of the villains whose earlier actions and inactions contributed to the present crisis needs to be fully and carefully assessed."

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--- assessed by whom? And to do what?

Greenspan, Bailouts and Fed Policy

Excellent article. Welcome to the real world.