Posted on 11/25/2012 12:07:33 PM PST by John S Mosby
Stocks shook off their post-election slump Monday, in part because of optimism that the president and Congress will reach a compromise on the nation's budget by the end of the year.
If they don't, there will be automatic tax increases and huge cuts in federal spending -- that so-called fiscal cliff.
It's a time bomb, according to Lloyd Blankfein, chairman and CEO of Goldman Sachs, and one of the world's most influential bankers. His message to Washington? Make a deal.
(Excerpt) Read more at cbsnews.com ...
Sorry for your confusion, I'm not defending any crapweasels.
I don't care how big an ass he is, we need to reform entitlements before we turn into Greece.
I'm also sorry you're ignorant of the workings of Fannie, Freddie, MBS, CDS and the Fed. Maybe you shouldn't inhale so much hog?
Blankfein should be punched in the nose again.
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