Quote:
Originally Posted by equality72521
Interesting. I'd like to hear competentone's take on it.
|
In the thread I started
"Boom! The first implosion in the municipal bond markets... " I pretty much already gave my opinion:
http://forums.pelicanparts.com/showthread.php?t=433288
Some of my comments from that thread:
People have been
ripped off; they have been
robbed. Any crash in the markets and economy that happens is only a matter of people
realizing the theft.
The bailout does
nothing to stop the "ticking bomb." All the bailout does is "cover it up" so people don't have to hear the "ticking" --
that is not any solution.
People have put their confidence and money with Wall Street -- not realizing that Wall Street deserved neither.
Wall Street has
already robbed Main Street.
The bailout
is nothing more than an attempt by Wall Street to hide the fact that the money in people's pensions, behind their insurance policies and in their retirement accounts is largely GONE!
Wall Street has their man, Henry Paulson, on the inside, trying to get money for a
cover up of the losses that are already there.