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Re: Under Construction | This Version of the American Dream is Over

NineInchNachos — Wed, 24 Sep 2008 21:06:27 -0700

"The point is this is one of the most important irrevokable economic decisions we will ever make. Let's make it in a state of panic." — Stephen Colbert * "The fox is guarding the hen house." — A heckler mocking Treasury secretary Henry Paulson * Senator Bunning: How long were you CEO of Goldman Sachs? More »

Re: Under Construction | This Version of the American Dream is Over

NineInchNachos — Wed, 17 Sep 2008 09:55:25 -0700

anyhow... here are some good reads. More »

Re: Under Construction | This Version of the American Dream is Over

NineInchNachos — Wed, 17 Sep 2008 09:33:51 -0700

large friendly letters: DON'T PANIC we can safely blame team Bush for these things: * erosion of civil liberties * attacking countries without provocation (bush doctrine) * Iraq * massive debt/spending... ironic from somebody labeling himself a conservative * loss of revenue (tax cuts) * torture however the fucked economy is an accumulation of may administrations that transcends party lines. More »

Re: Under Construction | This Version of the American Dream is Over

NineInchNachos — Wed, 17 Sep 2008 09:32:31 -0700

maybe this will help.. http://www.nytimes.com/interactive/2008/09/15/business/20080916-treemap-graphic.html the fundamentals of reality are still painfully sound. More »

Re: Under Construction | This Version of the American Dream is Over

scout — Tue, 16 Sep 2008 22:49:00 -0700

"There's been less emphasis from the Obama campaign on the really dysfunctional role of the financial industry in the subprime mess," says Josh Bivens of the Economic Policy Institute. "Edwards and Clinton talk much more about regulation of the financial industry going forward, and to the extent that blame is placed, they tend to place it on the lenders for steering people into loans they couldn't afford." Obama's disappointing foreclosure plan stems from the centrist politics of his three chief economic advisers and his campaign's ties to Wall Street institutions opposed to increased financial regulation. More »

Re: Under Construction | This Version of the American Dream is Over

chrism39 — Tue, 16 Sep 2008 22:34:07 -0700

Good point scout. More »

Re: Under Construction | This Version of the American Dream is Over

scout — Tue, 16 Sep 2008 22:25:32 -0700

As I understand it investment banks and institutions are reaping what they sowed but traditional (savings) banks have actual wealth (money) behind them so are fundamentally sound. The economy is fundamentally sound. More »

Re: Under Construction | This Version of the American Dream is Over

CA — Tue, 16 Sep 2008 22:05:28 -0700

Currencies fluctuate from day to day, but the general trend for the US Dollar over the last month has been up. Europe and Japan are headed into recession and their central banks will have to cut interest rates, thus weakening their own currencies. More »

Re: Under Construction | This Version of the American Dream is Over

chrism39 — Tue, 16 Sep 2008 21:56:10 -0700

Has the dollar really bounced back because as of yesterday I heard it had weakened even more. More »

Re: Under Construction | This Version of the American Dream is Over

CA — Tue, 16 Sep 2008 21:50:03 -0700

I dont have my "head in the sand." I recognize that our economy is greatly distressed right now and that hundreds of thousands of Americans have lost their jobs recently. Times are not good right now and that sucks for all of us. More »

Re: Under Construction | This Version of the American Dream is Over

chrism39 — Tue, 16 Sep 2008 21:34:07 -0700

oops, thats what happens when your brain is faster than your hands. I also forgot to mention the governments possible 80 or so billion to help out AIG More »

Re: Under Construction | This Version of the American Dream is Over

CA — Tue, 16 Sep 2008 21:30:58 -0700

Thats Fannie Mae, not Frannie May. More »

Re: Under Construction | This Version of the American Dream is Over

NineInchNachos — Tue, 16 Sep 2008 21:29:10 -0700

the economy is Fun. Dementedly sound. More »

Re: Under Construction | This Version of the American Dream is Over

chrism39 — Tue, 16 Sep 2008 21:26:53 -0700

Our economy is not fundamentally sound, if it were Lehman Brothers wouldn't have folded, Washington Mutual wouldn't be in trouble, Frannie May and Freddie Mac wouldn't have needed bailouts in addition to Behr Sterns ( sp). The Great Depression is not something that couldn't happen again. More »

Re: Under Construction | This Version of the American Dream is Over

CA — Tue, 16 Sep 2008 21:17:10 -0700

The economy is fundamentally sound. We're not headed for another Great Depression. More »

Re: Under Construction | This Version of the American Dream is Over

chrism39 — Tue, 16 Sep 2008 19:20:12 -0700

Well that did calm me a little. I guess there is a good thing that came out of this, John MCCain looked like an idiot when he said the economy is fundamentally sound. More »

Re: Under Construction | This Version of the American Dream is Over

scout — Tue, 16 Sep 2008 17:23:13 -0700

It's always best to have a good compound ready More »

Re: Under Construction | This Version of the American Dream is Over

NineInchNachos — Tue, 16 Sep 2008 17:04:41 -0700

that's what i'm sayin! good news. More »

Re: Under Construction | This Version of the American Dream is Over

scout — Tue, 16 Sep 2008 16:51:37 -0700

OK RR, no more gloom & doom, amassing of guns, and heading for the compound - even the NPR gang say your theory is over the top. More »

Re: Under Construction | This Version of the American Dream is Over

NineInchNachos — Tue, 16 Sep 2008 15:38:06 -0700

Chrism, I listened to this and felt better about things... http://www.npr.org/blogs/money/2008/09/listen_up_more_questions_answe.html keep cool yo. More »