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On Sun, 13 Jun 2010 18:10:38 -0600, Canuck57
wrote: On 13/06/2010 2:55 PM, bpuharic wrote: On Sun, 13 Jun 2010 16:48:12 -0400, wrote: unfortunately we hear ALOT today about repeating the 'do nothing' policies that let the banks fail rather than increase debt. the american right is a fundamentalist organization in many ways. they think debt must be reduced even if it leads to 25% unemployment like it did during the depression All governmetn had to do to protect little people is bailout depositors up to the max of FDIC, $200,000 or was it $250,000? In any case it would have cost Americans a whole lot less. Someone would have picked up the loser banks for 2 cents and fired all the criminals. nope. because, believe it or not, not only small people have money in banks. corporations do, too. and they borrow money. if the credit system collapses, it throws a BIG monkey wrench into borrowing and lending for mortgages, bondholders, equity holders, etc but, since you're right wing you're kinda dumb and dont know this. Then things would be right and Americans would have been trillions less in debt. But Obama worships debt....debt for corruption... the Obamanation way. i know y ou love the idea of 25% unemployment. why not volunteer to take your kids back home and give their jobs to someoene else? Dumb**** president hasn't figured out you can't fix a debt depression by creating more debt. sure you can. look at ww2. again, you're just too stupid to know history |
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