the 19080's when daddy Bush bailed the other sonny boy out. These crooks know how to push the limits and then daddy bails them out.
Just what was W thinking allowing Phil Gramm to deregulate all these financial institutions and all corporations including health care corporations.
Massive loop holes and rifts in this countries financial institutions were engaged and failed, as if they didn't know it wouldn't, so now banks all over the world have to bail us out.
The USA cannot always be trusted to do the right thing when it comes to the economy. (What else is new?)
China is about to do their first space walk. But they have experienced bailing out their banks in the past but are doing pretty good right now after all the olympic hoopla.
And just like the Savings and Loan Scandal in the 80's Paulson wants to create a Crisis Resolution Agency to work with these problems.
Watch out lending societies to short sellers..and they can be pushing the share value lower. Beware the short seller. I believe that all started with Enron didn't it they traded on futures (future value).
Quick private over night loans between banks may not any longer be trusted. The Central Banks should be there for a back drop if necessary. The central banks are moving forward on this problem and they have to work together and do everything necessary. These are gloabl Central Banks working together. But preparing the damage from this crisis will take a lot longer.
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