Republican cheerleading. All you McCain syncophants are getting
desperate it would seem.
From balanced budget to half a trillion
debt in 8 years, but Bush
doesn't get mentioned. No ridiculous war, no tax
breaks to oil etc.,
just the "Community Reinvestment Act" from Clinton's
reign. THats your
smoking gun? Get real.
On WednesdayOct 8, 2008,
at 6:39 AM, H&M Feld wrote:
Yes, there is plenty of blame to go
around, but ONLY after the
government
created the environment for this
to happen. Bobh is right-on.
Harry
----- Original Message -----
From:
<hbernst963@xxxxcom>
To:
<realtraders@yahoogroups.com>
Sent:
Wednesday, October 08, 2008 9:35 AM
Subject: Re: [RT] Time to end hedge
funds?
> There is a lot of blame to go around in this crisis. To
blame it
> on the
> government is ridiculous, IMO. There are many
players in this- Wall
> Street
> speculators, lax government
supervision, mortgage lenders giving
> money to
> people
>
who couldn't afford to pay for houses, etc.
>
> What we are seeing
is a normal long term cycle of credit expansion and
> collapse. See the
depression of 1835-42, the Panics of 1873 and 1890
> and
>
of
> course, 1929-1932.
>
> Howard
Bernstein
>
>
>
>
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