PDA

View Full Version : We found somebody to BLAME!


wonatthewire1
06-30-2008, 06:45 PM
Fleckenstein has found the culprit of the current economic climate!

http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/TheEndOfTheSuperbubble.aspx

Smoke and mirrors!

At least the guy getting the finger pointed at him is still alive and he can rebut - if he's not busy with the current book tour!

HUSKER55
07-01-2008, 04:44 AM
A man goes into business and works his way up to the top and then makes a mistake and loses his money.

If you are "in the group" they try and pass the buck to the PFC (poor civilian) and say in effect "it isn't fair I should lose my money" so everyone donate to me in the form of gov bail outs.

Why do we do this? Credit bureaus were created to find the names of people to avoid doing business with. If you are "in the loop" there is a way to remove bad credit from "prying eyes". How many people lose their homes in bankruptcy who are "in the group" compared to those who aren't. Check out your own neighborhood.

The flow of money from the fed sure doesn't go to the PFC but we pay for it.

I say the real crooks are in DC.

husker55