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Old 09-11-2009, 10:03 AM
 
12,867 posts, read 14,910,860 times
Reputation: 4459

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Quote:
Originally Posted by antibes View Post
Then why don't all those people go with their outstanding bills to George W Bush's texas home and demand that HE pays for them?
I don't get it why people whine yet don't go to the core source that created all their problems in the first place to complain!

HE is the CAUSE for the collapse. Every **** thing that man did was another nail in the coffin that ultimately brought this country to bankrupcy.
so is it obama's fault if people don't pay their cash for clunkers payment? should they go to his house and demand that he pay for them?

has anyone in this country decided to be PERSONALLY responsible for their purchases?

the core problem was wall street and the derivative bets, and that was a democratic congress sponsored / republican president signed bailout, so there is enough fault to throw out people from both parties.
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Old 09-11-2009, 10:12 AM
 
Location: Houston, TX
16 posts, read 32,322 times
Reputation: 15
Suggest you read Denningers article from yesterday to actually see what this is.

The Consumer Credit Game Is OVER - The Market Ticker
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Old 09-11-2009, 12:49 PM
 
Location: New York, NY
745 posts, read 1,437,992 times
Reputation: 426
Quote:
the core problem was wall street and the derivative bets, and that was a democratic congress sponsored / republican president signed bailout, so there is enough fault to throw out people from both parties.
Anyone who blames Derivative bets does not understand the product. (Particularly CDS trading which is taking the blame)

60 minutes did a piece on this and it was filled with mis-information. For an analogy... it is sort of like blaming the gun and not the shooter.

CDS contracts serve a purpose of hedging default risk on bonds.
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Old 09-16-2009, 07:50 AM
 
5,165 posts, read 6,051,625 times
Reputation: 1072
If anyone noticed Inflation has begun. With Gas and oil prices now rising heading into the winter it will only exacerbate the situation. I have been saying for months the useless "officials" at the Fed are waiting too long to increase rates.

Go for Gold Inflation Is Here and Going to Get "Much Much Worse" Pento Says: Tech Ticker, Yahoo! Finance=
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