THOUGHT FOR THE DAY!

"The United States does not have an automatic call on our resources. There is no mind-set that puts this country first."-- Cyrill Stewert, Chief Financial Officer of Colgate-Palmolive Corporation

 

A Futile Bailout as Darkness Falls on America

America has become a pretty discouraging place. Americans, for the most part, will never know what happened to them, because they no longer have a free and responsible press. They have Big Brother’s press.

Comments

God Damn Great Article

poorrichard

I know that many are unprepared to read a thousand words.."there is no time for that" they say in the back of their mind.. You who can read/listen to words for fifteen minutes.. I want you to read this article..

"An alternative to refinancing troubled mortgages would be to attempt to separate the bad mortgages from the good ones and revalue the mortgage-backed securities accordingly. If there are no further defaults, this approach would not require massive write-offs that threaten the solvency of financial institutions. However, if defaults continue, write-downs would be an ongoing enterprise".

Hey look it was a long read.. but it was worth it.

You people out there must think I must be some kind of wonk now. Damn It!! and I'm really just a sleaze monster.

I like loud original music.. I don't even know how I fell into this political crap.

But I did, and here I am. so there!

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