Quote:
Originally Posted by Shawnee123
bold text mine
My question is, and I am starting out professing I am no expert on this subject, what happens when China calls in the loans? Are we really immune to a takeover? Will China own us?
Also, why did everyone in the know walk around with their heads up their asses until the crisis got THIS BAD?  Why is this typical of the Bush administration? Until things hit rock bottom, they're counting birds in the sky or something. |
Quote:
Originally Posted by Pico and ME
I don't believe for one whit that they were clueless. In fact, I believe that they knew the risk (of deregulating the games that helped to create this mess) and had this back-up plan ready to go. Wall Street is so deeply embedded in our government that they feel they can pretty much do as they please.
I am in no way whatsoever an expert on these matters. This opinion is just my gut reaction. But tell me...when they started to dish out thousands of ARM's to low income people, didn't they know what was going to happen? That must be why these 'assets' were sold off so quickly.
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Absolutely. Note the "in the know" portion of my post. They chose to walk around with their heads up their asses and only acknowledge any problems when it has become so big that even the typical non-financial American notices it's effed up. They KNEW KNEW KNEW they would get bailed out no matter how badly they effed it up. Fuck the rest of us, is exactly what happens.