texasgolfer

Financial Crisis: Getting Old

I reviewed a lot of published stuff for the past 12 months and see that once we were "contained", then the 2nd half of '08 would see the beginning recovery, now we "uncertain" and "maybe" half done. Bankers are not smart enough to know where they are and most intelligent ones are in other industries. No transparency then no buy. Statements on CNBC saying "it really hard to analyze Big banks" are useless as are their accountants. Everyone is just ponying up to the chow line, poor ignorant homeowners, banks, broker/dealers and next the autos followed by the airlines. We don't need to worry if Nobama wants socialism, we seem to already have it.