Quote:
Originally Posted by Lusitan
We're in a scary situation brought about by our own ignorance and foolishness.
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agreed, and the Obama team needs to remember that we got into this mess because of a lack of financial transparency. They should tell the American people what the stock market already knows: that the path to recovery will probably be expensive and politically unpopular, perhaps explosively so. In the end, at least one thing is certain: Our present position is unsustainable. The longer we delay fixing the banks, the faster the economy de-leverages, the more credit dries up, the further the stock market falls, the higher the ultimate bank bailout price tag for the American taxpayer, and the more we risk falling into a financial black hole from which escape could take decades.
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