RichH wrote:
But the cost of *inflation will make sure that the $$$ you have are
greatly reduced in purchasing value; plus, the cost of maintenance,
etc. will escalate by the same value % of what you lost in capital
Just wait until Uncle Sam loses his AAA+ bond rating.
Two 'characters' are essentially and primarily responsible for all
this - senate banking and house banking committees.....
simply sat on their dead asses. *The chairmen (Dodd and Frank) of
these committees are leading socialistic members of the US Congress.
This is the 'change' that everyone voted for in 2006; I hope you all
are happy now.
I know you want to say, it, go ahead and get it out of your system...
IT'S ALL CLINTON'S FAULT!!!!
The problems in the insurance & finance sector never really were cured
from the 1987 meltdown under President Reagan. It's been building a
long time; but if the smart bankers like AIG and UBS didn't see it
coming then how do you expect a bunch of dumb politicians? Especially
when most of them are being "lobbied" by the very crooks they are
supposed to be protecting us from.
Dodd & Frank may be "Socialistic," but the "free-market" Republicans
certainly share a lot of the blame... why didn't they do a better job
during the 14 years *they* had a strong majority, hmm???
I think it may be time to build a fence around Washington DC and
simply hang everybody inside from the nearest lamp post. Let God sort
'em out.
DSK