People Who Live In Glass Häuser

It makes me feel all warm and fuzzy to know that the Europeans were as arrogant, greedy and incompetent as we were.

I just wonder if Bush still wants to privatize Social Security...THIS meltdown is exactly why some things such as sensible regulation need to remain in the government's hands. We are harvesting so many things now that Repubs harped on for so long about and the common Joe is paying for it, and as usual with the Repubs, the CEO's are reaping, or raping, the benefits.

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

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

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

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

In this case we all have manipulated- every economist knew it could'nt go on on this way - real economy became virtual economy for benefit of traders - debts for taxpayers benefits for traders - result of that is poverty spreading out in EUROPE and AMERICA .. I think it will arrive more and more in the future, because our economies are depending on petrol and petrol will fail soon or later - see you at the next crisis.
mfg
cyril

Yeah, let's blame the US again. Europe is a libreral's paradise where responsibility lies somewhere beyond the noses of its inhabitants. What a bunch of pompous snobs and girly men.

Greed has no nationality. We have wiped the collective butts of Europe so many times throughout history. The gloating and arrogant nature of europe has always been a product of resentment and jealousy of the American Experiment. Let's not forget that we have put down more than one dictator in Europe and have put up the capital to rebuild and defend our European friends.
I tell you, I have visited Europe many times and I will take America as home where I am not automaton or overly feminized micreant peppered with snobbery and a sense of superiority of being part of a collective hive mind. The Europeans are non thinking herd of sheep people that embrace a socialist system that is akin to a colony of ants that follow blindly and are at best fair weather friends of the world when it is beneficial. You are welcome for your freedom and I hope you are able to clean your own house this time.

Japan is the only developed country that doesn't have exposure to the mortgage crisis. Their financial institutions are drowning in cash, and they are snapping up Western assets. Japan is also the world's second largest economy. The Western media has tunnel vision.

i wish people on both sides of the pond could step back and look at the bigger picture. Pointing fingers at each other is not going to rectify the situation were all in. We need to understand that the real culprits in this big mess are the money changers. They stole, lied, cheated, manipulated, and swindled their way to the place we are today. They have their tentacles wrapped around governments all over the planet, they control our politicians,our policies, and our money. The money changers have no national patriotism...they worship money. Its time to cast out the money changers and return to sound fiscal practices run by the treasuries themselves.

Who cares? Why is this article even taking up space? It's not about people laughing at us; it's about getting on and doing the right thing....Who really cares what Europe thinks about this situation? And frankly after coming back after 5 years in Europe --- no one was laughing like this article says except a few journalists. This journalist is just as snide if not arrogant. Grow Up.

What are you talking about gloating? We're raving mad over here about your rating agencies putting AAA ratings on junk... A lot of our institutions would have been legally unable to buy that toxic *** without the phony ratings! We think you let Wallstreet screw us, and we didn't get to elect the crappy goverment that allowed this to happen, but regrettably, just over 50% of you were lala enough to do so :(

A false security in dollars with no backing, other than the word of a Government; produces a false hope with no real value other than a false perception that this will make economic sense after all.

I would like to argue that there are advantages to the ''uncoordinated'' response of Europe when compared to the ''coordinated'' response of America to the financial crisis. Europe consist of individual countries that each have their own individual financial problems that are similar but not identical. For each of these problems a tailor-made solution is being devised by the people that know best (the countries leaders). Some of these solutions will not work and others will, but the european countries can learn from the mistakes made by their neighbours. If America choses the wrong solution in tackling the financial crisis it will not learn this untill it is too late. The author of the article wrongly thinks that the underlying problems of the financial crisis in Europe are the same as in America. When this crisis is over a heap of people in America will have lost their homes, this will not be the case in Europe. Strict Regulations forbid the offering of subprime mortgages in most european countries.

EthanHusseinWyatt says that politicians should be employing "advisors who understand economics".
Alan Greenspan, I thought was an "advisor who understood economics" who was appointed by and advised Presidents Clinton (Democrat) and Bush (Republican). Goes to show that this mess IS TRULY BIPARTISAN. We keep talking about the Mantra "Bipartisan". Who was Bipartisan in this scenario unfolding now. BUSH!. See what it got him. Poor Bernanke got stuck with the mess left him by Alan Greenspan appointed by a Democrat.
Khenson mentions "derivatives". I first heard the term used in Math class while I was in middle school until "advisors who understand economics" co-opted it to make their alleged profession seem "scientific", therefore, respectable. All it is is SNAKE OIL.
It is NOT "advisors who understand economics" that Politicians need. It is "advisors who understand FEAR and GREED" that they need. I will leave it up to all the people pointing fingers to figure out WHO.