As the Fed tries to restore liquidity in the markets America's true indebtedness remains hidden. Only one voice has been consistent in warning us of allowing a private bank create a fiat currency that is now in peril - Dr Ron Paul who barely garnered 5% overall in the primaries.

Some analysts claim our monetary situation is very similar to that experienced at the beginning of the Great Depression. Back then the WWI veterans marched on Washington and engaged in a peaceful protest, requesting an early disbursal of a veteran's bonus. Hence it was known as the Bonus Army and they were rode down by the US Cavalry.

Maybe this time it won't be so peaceful, and the protesters will be armed with rope to hang the rapscallions who got us in this mess. It would be their due reward.

Fuck Fannie Mae and Freddie Mac. Fascism at its finest...under the ludicrous notion that everyone should own a house.

Leave this carcass to rot.

I'm glad I converted some assets to cash when I did so. The buying opportunity for smart investors will come along soon.

Thank you to all you Lefty screechers. Every time you blame something on Bush (whether he's responsible or not) you are making money for me.

Attaboy Verm!

The buying opportunity for smart investors will come along soon.

Meaning you will for sure miss it.

Of course all these free market shitheads are all about socializing the loss but privatizing the profits.

Fuck the banks, let them fail. Bail out the depositors but let the shareholders eat the loss.

Why do all these so called personal responsibility promoters seek to make the taxpayers responsible for bad investing.

Why I had the distinct pleasure of listening to Rush Limpjob blaming the government for the credit crisis. That fat fuckhead must be mainlining oxycontin again. Yeah, its the governemnts fault the loan officers gave loans to unqualified borrowers.

Anyone care to take up a collection for the poor suffering investment bankers and loan officers? Vermin?

Two decades of deregulation allowed banks to deceive the public with phony valuations and assurances.

Politicians use free market language to hide their crony capitalist scams. In reality they changed the regulatory rules to give a green light for the massive frauds.

So when it comes to economics you guys believe in "Intelligent Design" rather than survival of the fittest"

" I had the distinct pleasure of listening to Rush Limpjob blaming the government for the credit crisis. "

Ah, one of Limpjob's standard parlor tricks: either blame "the Democrats", or blame "the government".

socializing the loss but privatizing the profits
---726-----

Truer words were never spaken.

Freddie mac and Fannie mae are both private corporations with public money backing them and propping them up.

good thing americans are too stupid to understand this or too apethetic to care.

At least we can all agree that those who want unregulated capitalism are fools or crooks. Right?

This is a buying oportunity for stocks. I am bullish. Capitalism certainly needs regulation. I have no sympathy for banks that are in trouble including FM and FRE. Let them fail. I have no sympathy for those people who lost their homes either. Let them move back to their trailers or crack houses.

"I have no sympathy for those people who lost their homes either. Let them move back to their trailers or crack houses.

Posted by fwthom"

You'll be singing a different tune when they foreclose on your mom's trailer and you'll have to look for a freeway underpass near a hotspot to blog from.

There IS a risk of deflation, just as everyone is scared about inflation. Look at home prices, wages, bonds, and equities. Most are DOWN....we will see.

As for WS, I have mixed feelings at best. Glass Syegal BTW why canned by billy boy and r rubin. THAT was a mistake IMO....

Syegal-Stegal whatever....

Buying opportunities abound.

wfc up 32% on the day. Short sellers are nervous, but ARE selling into the rally....

Hate to tell you buddies, but Deflation has already kicked in. Yes I know food, energy and commodity prices are rising. The collapse of the real estate market is so huge, it outweighs them all.

Capitalism certainly needs regulation.
Posted by fwthom

Hahaha. The capital markets were never more regulated. That's what's bringing down the system.

fred and fan are government institutions! Some day we will have to let the stupid lenders go down in a whirlpool of shit. As long as we bail them out they will continue to make stupid loans. It ain't their money!