vitaman

Rick Santelli's Rant: A Response

The banks made the questionable loans because they knew they were too big to fail and that they would be bailed out by the federal government. In any case, the people at the top in the banking industry usually do their stint in government and then go back to their industry. They make their millions a year and laugh at us when we complain. You can bet that they take care of their own. Some of those responsible will have their hands slapped, few will see jail time.

Is Overindebtedness Pushing Us Into a Deflationary Spriral?

NAFTA, policing the world, and funny money are now rearing their ugly heads. We will never come to grips with this problem. Years ago, bankers learned how to create wealth out of thin air. Politicians, industrialists, and military leaders learned how to tap into the banker wealth.
Our towns used to be full of stores that sold United States made products. As time went on and real income declined, in order to maximize short-term profits, manufacturers shipped our jobs overseas. We brought in the Wal-Marts to bring us cheap goods from around the world. Now, we have dollar stores for those that cannot even go to Wal-Mart. No jobs, no money, no homes. How long did they think this could go on?