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Shades of Schadenfreude

As the United States wallows in the worst financial crisis since the Great Depression, the world looks on with horror, fear and sometimes guilty pleasure.

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  • Posted By: amy04790460 @ 11/05/2008 11:50:08 PM

    The House is discussing another economic stimulus package right now!!!

    Please email your congressman and tell them our economy depends on it.

    Nancy Pelosi: http://speaker.house.gov/contact/

    Hilary Clinton: http://www.hillaryclinton.com/help/contact/

    John Shadegg: http://johnshadegg.house.gov/Contact/ContactForm.htm

    I wrote John Shadegg complaining of bailout plan and he wrote me an email "assuring" me it was the right thing to do. Needs to get BIT*HED at more I guess.

  • Posted By: cani77 @ 10/13/2008 6:23:26 PM

    THE GREAT BUSH DEPRESSION
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    He perfectly predicted the current meltdown and the picture he paints about what will happen next
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything seen in generations
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand how its been broken.
    It is no surprise that he doesn't. The people that make up these securities use quantum mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He was the last to know somthing was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a budget surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that
    Stand up and hold them accountable
    Bush isn't on the ballot this year but his policies are
    Elect Obama Biden 2008






    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: cani77 @ 10/13/2008 6:22:59 PM

    THE GREAT BUSH DEPRESSION
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    He perfectly predicted the current meltdown and the picture he paints about what will happen next
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything seen in generations
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand how its been broken.
    It is no surprise that he doesn't. The people that make up these securities use quantum mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He was the last to know somthing was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a budget surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that
    Stand up and hold them accountable
    Bush isn't on the ballot this year but his policies are
    Elect Obama Biden 2008






    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: cani77 @ 10/13/2008 6:22:46 PM

    THE GREAT BUSH DEPRESSION
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    He perfectly predicted the current meltdown and the picture he paints about what will happen next
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything seen in generations
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand how its been broken.
    It is no surprise that he doesn't. The people that make up these securities use quantum mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He was the last to know somthing was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a budget surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that
    Stand up and hold them accountable
    Bush isn't on the ballot this year but his policies are
    Elect Obama Biden 2008






    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: HDBill @ 10/10/2008 7:50:28 PM

    This isn't an "American-made" crisis as the rest of the world wants to gloat. The high default rates that started all this are rooted in the outrageous, artificially inflated fuel prices which ran up on the constant flow of inflammatory rhetoric coming especially out of Iran and Venezuela as their leaders sought to increase their oil revenues on the backs of the expense of the US tax payors. They, along with other countries whose reckless avoidance of responsible economic cooperation (read that Russia and the European Union) have all suddenly discovered in the past week or two that they indeed are too part of, and can not insulate themselves from, the global economy.

  • Posted By: Matt from Texas @ 10/10/2008 12:32:52 PM

    cani77, the name is actually Phil Gramm, not Graham, but he's every bit as bad as you state. And let's not forget his wife, Wendy Lee Gramm. She was head of the Commodity Futures Trading Commission in the early '90s. She is the person most responsible for deregulating these markets. That deregulation enabled the Enron debacle. Know where she landed after the CFTC? She parachuted into a cushy job on the BOD of, guess who? ENRON. At the time it failed, her position was...drumroll please...Chairperson of the Audit Committee. What a fraud. How this woman avoided doing jail time is a scandal of the first order.

  • Posted By: Matt from Texas @ 10/10/2008 12:31:28 PM

    cani77, the name is actually Phil Gramm, not Graham, but he's every bit as bad as you state. And let's not forget his wife, Wendy Lee Gramm. She was head of the Commodity Futures Trading Commission in the early '90s. She is the person most responsible for deregulating these markets. This deregulation led to the Enron debacle. Know where she landed after the CFTC? She parachuted into a cushy job on the BOD of, guess who? ENRON. At the time it failed, her position? Chairperson of the audit committee. How this woman avoided doing jail time is a scandal of the first order.

  • Posted By: cani77 @ 10/10/2008 10:05:09 AM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: cani77 @ 10/10/2008 10:04:59 AM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: cani77 @ 10/10/2008 10:04:50 AM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: Interested! @ 10/09/2008 7:54:02 PM

    Let the high risk invesors take the dump. They knew the chance they were taking and yet they took it, expecting
    big returns on their money. BTW, not all ppl who took these loans are responsible for defaulting.... try their job
    going voerseas! Or the small company they were working for become unable to pay the tax the government has levied against them and had to close. NOT poor manage.... POOR economy!

    Most are right here that unemployment is for those who try to get a job, AND there are those that abuse the system but most don't. It is degrading to draw government assistance regardless of how much one has paid into the system. And it is further depressing to look for work and be told they are over qualified, no work available, or come back AFTER THE FIRST OF THE YEAR!

    My son works for the Sprinklers Union. The hang overhead sprinklers in public buildings. It is hard work by it paid a decent wage.... a living wage. He was laid off a month ago and there is NOTHING out there that he can do. It is depressing and It is demeaning. So, not everyone uses the unemployment benefits to live with enthusiasm. He would MUCH rather be working.....

  • Posted By: riddelup @ 10/08/2008 12:02:41 PM

    I once read an account of the plague during the middle ages. It stated the aristocracy and royalty were not devastated by the plague as was the general population. The reason stated was the aristocracy would move to their country estates and use whatever was the government at the time to prevent access. They were not effected by whatever plague was afflicting the general public by removing themselves in time of stress with the aide of the government. Does this sound familiar to anyone?

  • Posted By: Krohn @ 10/01/2008 8:50:53 PM

    A man of great wisdom:
    http://www.atlah.org/broadcast/manningreport.html

  • Posted By: rationa1ty @ 10/01/2008 3:34:51 PM

    loriw, you call Newsweek biased, but the facts suggest it is your personal bias that is leading you to that conclusion. How can you expect Newsweek to write anything about a connection between Obama and Raines/Johnson when independent fact checking organizations have concluded that this stuff was basically cooked up as a McCain campaign dirty trick? Even the Washington Post *itself* - which the McCain add uses as a source - refuses to support this accusation. Please check out these sources:

    1. FactCheck.org says (see citation [1]):

    In an ad titled "Advice," the McCain campaign makes the claim that "Obama has no background in economics." Then it asks the question, "Who advises him?" The answer, according to the ad: "THE POST SAYS it's Franklin Raines, for 'advice on mortgage and housing policy.'"

    The "Post" refers to the Washington Post. But the POST ITSELF SAYS THE RELATIONSHIP BETWEEN THE OBAMA CAMPAIGN AND RAINES ISN'T CLEAR. And Raines says he isn't an Obama adviser.

    ACCORDING TO THE POST'S Michael Dobbs, who writes "The Fact Checker" column, "THE MCCAIN CAMPAIGN IS CLEARLY EXAGGERATING WILDLY in attempting to depict Franklin Raines as a close adviser to Obama on 'housing and mortgage policy.' "

    2. Also on PolitiFact.com (see citation [2]):

    The New York Times looked at contributions from Fannie and Freddie's boards of directors and lobbyists, who are technically not employees. That analysis found Fannie and Freddie-related contributors gave $169,000 to John McCain and his related committees, compared with $16,000 to Obama and his related committees.

    [Obama has received more money from EMPLOYEES, but it is a good bet most of these are just ordinary working people without political influence.]

    Citations:

    [1] http://wire.factcheck.org/2008/09/24/obamas-connection-to-raines/
    [2] http://www.politifact.com/truth-o-meter/statements/727/

    • Posted By: Pallisor @ 10/01/2008 7:53:24 PM

      Newsweek has 8 liberal writers to 3 conservative. No bias here!

    • Posted By: nmbrldy69 @ 10/01/2008 4:25:54 PM

      McCain's ads tout experience and Obama's lack of it, as well as zingers (sound bites, if you will) toward Obama's perceived plans for fixing today's ills. However, Obama has a proposed plan of action to remedy today's problems; more of his ads talk about what he will do, versus attacks on McCain. The McCain/Palin camp returns no such things, it simply reiterates change. Yet his record of "Yes Man" to the current President's whims don't back up the claims of "maverick" and "change", rather, just more of the same. Stop all the attacks, and state, very simply and clearly, what the plan is to resolve the financial crisis, and to lead the country onward. Does he actually have a plan, or is he going to use the "seat of the pants" method?

  • Posted By: Davole @ 09/30/2008 9:00:09 PM

    A Proposal to Resolve the Fannie Mae and Freddie Mac Financial Fiasco

    In order to solve what has been termed the financial crisis, it is necessary to identify the cause of Fannie Mae???s and Freddie Mac???s catastrophic failure.

    The cause of their downfall is the partisan democrat pressure put on those companies to grant sub prime mortgages to persons who would be unable to repay those loans.

    The democrat senators and representatives, who mandated that financial background checks be considered unnecessary and unwarranted, facilitated that irresponsible granting of mortgages to those unable to repay. The motive of the democrat members of Congress was strictly and blatantly partisan - to buy votes, and to maintain years of party support.

    In 2005, John McCain co-authored a bill to investigate and regulate the faulty business practices of Fannie Mae and Freddie Mac, but that was opposed and defeated by the democrats in Congress.

    On many occasions, President George W. Bush introduced proposals to regulate the mortgage lending companies, but those calls for regulation were opposed, obstructed, and defeated by democrats who were obsessed with the continuance of faulty lending practices.

    In order to reform the financial sector, it is necessary that the sleazy politicians and top administration of those 2 mortgage companies who perpetrated fraudulent activity be publicly identified, investigated, and severely punished for their undermining the national economy.

    It is only reasonable to expose the corrupt financial practices and their facilitators, and to remove them from any further activity, before any effort can be made to resurrect the American economy.
    Otherwise, any attempt to do so will be useless, because the problems and perpetrators would still be present to frustrate and obstruct any meaningful remedial action.

    • Posted By: rail60 @ 09/30/2008 9:28:02 PM

      Wow, how insightful. Why isn't McCain or Dubya coming forward with this information and presenting it to the public? Republican leadership's inability to get passage of any legislation to correct this (as you say) when they held majorities in the senate and house, says a lot about Republican leadership, doen't it? Didn't we send all of these right wing warriors to Washington to clean up the mess created by the Democrats. Remember the mess, when people could afford energy and before house prices doubled and trippled? Keep up the good work, your doing a "more better" job like Dubya and Browny. Don't let anyone "missunderestimate" you.

      • Posted By: cathygarcia @ 10/01/2008 5:06:14 PM

        I agree!!!!!!!! As for footing the bill for the bailout, how about hitting up Stanley O'Neal, Lloyd Blankfein, Angelo MoziloRichard Fuld, James Cayne and Richard Syron. All of these men were rewarded handsomely for bankrupting their companies.

      • Posted By: Braes @ 09/30/2008 11:34:17 PM

        He is a cut-n-paste hack spewing McCain/Palin junk.

  • Posted By: nmbrldy69 @ 10/01/2008 12:18:30 PM

    With the freemdom to succeed comes the freedom to fail. If the latter part of the equation is taken away, the balance is one again thrown awry. One week, President Bush is decrying the economic warnings and fears; the next, he's doing the Chicken Little imitation, to the toon of $700M. I wonder if he got whiplash, along with John McCain, for the rapid position reversal.

  • Posted By: GoldFinger74 @ 10/01/2008 11:34:25 AM

    There should be no bailout. Loans at inflationary interest rates only secured by asset collateral and stock options. The financial institutions knew what animal they were creating. They knew the loop holes that would be available to the myriad of opportunistic mortgage companies using tactics like the ninja loans. Couple that with personal bankruptcy laws where one can simple walk away from ownership of bad debt...

    The financial industry deserves to pay heavily for this situation. Sure the economy is going to be terrible for a number of years, but this is what they created. The ENRONS and WorldComs and ever the Wall Street hedonists, need to understand that there are repercussions to actions in life. In fact every person is responsible for their actions, especially all of the people that claim bankruptcy to escape from 30K in credit card gluttony.

    Gauging the governments past history of bailing out major industries in the past. They were banking on the government to bail them out of this crisis. Please make a statement to all future industry icons who want to make fortunes by raping the masses. Everyone has a sense of morality. Even though things may not be illegal, they can be immoral. Since it is obvious

  • Posted By: beledoux @ 10/01/2008 11:19:09 AM

    Personally, I think that the USA should just demand back with interest all the LOANS and Aid from nearly every country on this earth. When weather wreacks havoc, death & destrucion globally its the big bad USA to the rescue,. typhoons, hurricane sunamis, and any other catastrophe on this planet. Where were our so called allies when hurricane Katrina devastated half of the State of Louisianna which just happens to be about the size of many countries? The United States of America has shed BLOOD to aid so many countries. Most of those countries were also bailed out with US rebuilding money. Most of you would be speaking Russian, German, or Japanese right now. So I'm not so proud so as not to ask for a little help Financially!!!! After all you folks didnt have a problem asking for the blood of our sons and daughters of your ally the USA.. Whats a few trillion pounds amongst friends. Its not like the life of your sons and daughters.

  • Posted By: jeff85 @ 10/01/2008 11:07:46 AM

    I believe there is a typo :
    It read "Seeing big American banks saved by privatizations, one almost wants to scream, 'Marx, come back, they've gone crazy!'," wrote Arnaud Lagardère, general partner and CEO of the Lagardère Group, in the financial daily Les Echos.It should be NATIONALISATION instead of PRIVATIZATION

  • Posted By: jeff85 @ 10/01/2008 11:06:36 AM

    I belive there is a mistake in one of the paragraph :
    it read "Seeing big American banks saved by privatizations, one almost wants to scream, 'Marx, come back, they've gone crazy!'," wrote Arnaud Lagardère, general partner and CEO of the Lagardère Group, in the financial daily. Itshouled be NATIONALISATION instead of PRIVATIZATION





    Les Echos.

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