It is obvious they are scrambling to keep plugging all the leaks as the Titanic slowly goes down. More "secret" hundreds of billions in bailouts going to who knows where. People like Ben Bernanke who likely know the dirty little secret don't dare say anything. Fools keep HOPING that these insane 'sitmulus' jokes fix it all, no way, a decade of serious pain coming. Eleven TRILLION in government debt and trillions more coming. The highly leveraged commercial REITs are going to collapse even more banks. Bears, be patient the perfect storm is just beginning...not ending like CNBC tells the penniless brain-deads every day. Repigs have ruined America, they are all bs and in the way of the stimulus.
...a Ponzi scheme 100 times the size of Bernie M's. All those derivatives, including CDOs, MBSs, etc, etc all 100% bull shit, nothing was ever there just Enron style Ponzi accounting. There were no profits, nothing was ever made, they just moved money around the world so nobody could find out the truth. Hank P. will be indicted along with others, but nobody will get a dime back. It will collapse everything beyond what ten TRILLION $ TARPS could fix.
It's never too late. You elected Obama to get us out of this recession. I think your right though........this stimulus plan will no doubt put us into a depression. You are just greasing the wheel so it doesn't look like his (Obama's) fault when it happens. :'(
The economy is going to define our politics in this region and in Britain in the next year, the next five years, the next 10 and even the next 15 years," Mr Balls said. "These are seismic events that are going to change the political landscape. I think this is a financial crisis more extreme and more serious than that of the 1930s, and we all remember how the politics of that era were shaped by the economy."
UBS is axing 2,000 more jobs as it pushes ahead with a tough restructuring after posting the biggest annual loss ever for a Swiss firm, although it said client withdrawals had stopped in January.
Obama Signals Break with Bush on Economy, Iran
Applied Materials Reports Sharply Lower Results on Both Revenue and Bottom Line