You know, this forum is filled with people who are experts, bull-s&$ters, armchair generals, and folks who are legends in their own mind....but it makes me laugh and I enjoy it.
Unlike some people here, I actually work in the finance and banking industry. My professional opinion is that nobody really knows what the hell is going on and everyone is guessing. I have even heard conspiracy folks mentioning that the US government is intentionally devaluing it's currency in order to prepare for the "Amero". I will say this, both Greenspan and Bernake are not the experts and geniuses that people think they are. This mortgage and housing problem was exacerbated in part because the federal, state, and local governments put pressure on banks to make loans to folks they should not make but you have Hillary and the rest of these morons complaining about predatory lending and how they are going to bail people out. Bail outs would be the biggest mistake. People need to learn from their mistake and get burned to teach them a lesson.
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