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"days away from a complete meltdown"... and once a week passes, it will still be "days away"... they can stop their fearmongering... there is NO meltdown... will companies go bankrupt? Absolutely... if I open a business that sells bad loans, I SHOULD be bankrupt... Not stealing from taxpayers to make MORE bad loans...
I'm starting to agree with you. It's been over a week since AIG and no more companies have come close to collapse.
How do we know this talk of a meltdown isn't just air?
Quote:
Originally Posted by evilnewbie
"days away from a complete meltdown"... and once a week passes, it will still be "days away"... they can stop their fearmongering... there is NO meltdown... will companies go bankrupt? Absolutely... if I open a business that sells bad loans, I SHOULD be bankrupt... Not stealing from taxpayers to make MORE bad loans...
"days away from a complete meltdown"... and once a week passes, it will still be "days away"... they can stop their fearmongering... there is NO meltdown... will companies go bankrupt? Absolutely... if I open a business that sells bad loans, I SHOULD be bankrupt... Not stealing from taxpayers to make MORE bad loans...
what "melt downs" in the world have you studied? How do they happen? What are the steps in the process? How many companies fail, go belly up, how many banks go belly up? What is the time lines for these failures?
what "melt downs" in the world have you studied? How do they happen? What are the steps in the process? How many companies fail, go belly up, how many banks go belly up? What is the time lines for these failures?
I was just quoting from the article... there is no financial meltdown... there will be a recession and economic turmoil but no economic meltdown as the politicians and financial analysts seem to say erroneously over and over and over... Japan had a financial meltdown with their asset bubble and of course the US also had the "Great Depression"... Zimbabwe is also having a financial meltdown... we are nowhere close to these financial meltdowns... however like Japan, we are bailing out a lot of companies... guess history repeats itself, with the exception that we need several more zeros in the bailouts before we even compare ourselves to Japan's meltdown...
I was just quoting from the article... there is no financial meltdown... there will be a recession and economic turmoil but no economic meltdown as the politicians and financial analysts seem to say erroneously over and over and over...
ahhhh i see, im tired man. Me feeble brain misread your post
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