This feeble minded central socialist government broke this rule and, knowing that the system would crash, bet against certain securities with derivatives.
The problem was that the damage done was a thousand times worse than the loot, like the burglar who cleans out a cash drawer for a few hundred and the burns the whole store to conceal the evidence.
Bump
The...government...will...not...tell...you...
But you can get great interest rates....
It is hard for them to spin the bad economy here in NJ; there hasn’t been any indication of a recovery, and in fact we probably haven’t yet hit bottom. “For sale” signs everywhere, boarded-up storefronts, masses of illegals to keep schools and store aisles filled...We have the “welfare economy” now.
Aren’t you reposting the same article you posted the other day?
You can’t have American people finance large purchases of houses, automobiles, etc. while jobs are shipped overseas, illegals flood in and horse-collar businesses in a shrinking economy where less tax revenues go up against astronomical debt loads. /Captain Obvious
Something is gonna pop and pop big.
‘The global economy has been in the process of collapse since 2008, and it never left that path.’
Just the line the Progressives need for: George Bush’s fault.
Well, that was a cheerful start to the day ahead.
Futures down 328, Nikki down 785, and the PPT has a busy day
ahead unless they all decided to head for their bunkers
On the bright side at lleast obama is up in Alaska saving the climate with a cabal of internationalists and enjoying blubber sammiches with the indigenous folk
September 13th anyone?
The entire world has lent money to the rest of the world. Nobody can pay it back. Hence the game of Three Card Monte goes on indefinitely IMHO.
Back in the 70’s Pat Robertson went on The 700 Club and proposed an International Year of Jubilee. That sounds just a little less insane to me with every passing year.
“As I have always said, economic collapse is not a singular event; it is a process. The global economy has been in the process of collapse since 2008, and it never left that path”
Mr. GG2 and I believe this is what we can expect. A slow downward spiral that keeps getting worse.