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#7
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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 |
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