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Originally Posted by Jet Gorgon Bladdy hell. Fed $85 bil loan for 80%. Yikes. What are they doing down there? |
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Originally Posted by Mr Earl No shit! This is pretty scary. The whole world is on edge over this. |
What they are doing is witnessing chicken's coming home roost. We shouldn't expect anything but disaster if "wall street" is allowed to operate using greed driven unethical business practices with no visible oversight. Throw in high unemployment, inflation, record deficits, house foreclosures, and government bailing out failed companies with bad business practices and what we get is what we have.
But not to worry. Don't pay any attention. "The fundamentals of the economy are sound" according to GWB and McCain.