Quote:
Originally Posted by pwd72s
Well, the 80 year old is headed to ICU...or maybe has been there for quite some time. We are in agreement on the QE's by the way...they should have never happened, letting market forces straighten things out. But I'm weird...feel the same about the nationalization of GM, Clinton erasing the difference between investment and commercial banking, the list is long. The USA hasn't been a free market country for quite some time. Yet, the 80 year old is still alive...sho nuff.
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Well the QE' s have kept the music playing as well as GM being saved. You would already be dead if the music had stopped.
The end of Glas Steagal didn't end market forces...it just removed a firewall that limited excess. Market forces ended when the economy went on the FED life support system.