Wall Street Types gave the loans knowing they had a high chance of default if the economy turned south or interest rates went up. They are culpable and should be punished. This is what they do, analysis risk and return.
They should suffer the same consequences as the borrowers. Maybe you might get a better idea of my feelings from this post... Wall Street Still Doesn't Get It! http://vtsl.blogspot.com/2009/02/wall-street-still-doesnt-get-it.html On Apr 10, 3:55 am, rigsy03 <[email protected]> wrote: > In the meantime, Americans were on a credit binge so don't blame Wall > Street or bankers for taking advantage of suckers. One is born every > minute. > > On Apr 10, 1:44 am, VT VirtualTruth <[email protected]> wrote: > > > How did I miss the mark in December of 2003? > > > World Opinion did turn against Bush > > > Wall Street did rebound after the minor Second Bush Recession > > but Main Street did not participate and the full recovery did not > > happen. > > > The US dollar continued to fall, due to the rising debt and > > interest rates went up in an effort to get Foreigners to > > continue to invest in the US, however this increase in interest > > rates did stall the economy (housing foreclosures in ARMs) > > A slowing economy meant a falling GDP and lower tax base > > which meant fewer revenues to offset The Republican Spending > > spree that created the record Debt and Deficits. > > > The American standard of living did go down. > > > I may not have gotten everything 100% correct, but I sure > > did a hell of a better job than Bush did. > > > I want you to realize I gave the step by step decline > > of the economy and the hows and whys years before there > > was a sign of any problem. > > > I like anyone else here do the same for the Obama Administration. > > > On Apr 9, 2:25 pm, Keith In Tampa <[email protected]> wrote: > > > > Dear Sean "SugarShack" VirtualTruth, > > > > Uhm......You missed the mark in December 2003, you are way off course in > > > April, 2009, and one would think that you might start reassessing your > > > hypotheticals; in general, your political perspectives, and in total, your > > > whole perception of the centuries old failures of collectivism, communism, > > > Marxism, Trotskyism, Stalinism, Maoism and socialism. Clearly, you have > > > missed the boat and should have learned by now that the whole failed > > > socialistic system (which you seem to be attempting to sell) ain't > > > workin'!! > > > > On Thu, Apr 9, 2009 at 12:01 PM, VT VirtualTruth > > > <[email protected]>wrote: > > > > > My Track Record predicting the Economic Collapse. > > > > I am not arrogant, I am Confident because I am Correct > > > > > April 9, 2009 > > > > Sean Lewis > > > > > This Post of mine from December of 2003 predicting this > > > > economic collapse gives me credibility about economic issues. > > > > > Acceptance, The Gold Standard > > > > >http://groups.google.com/group/OpenDebateForum/web/acceptance-the-gol... > > > > > Then read this post from September of 2007 when I warned on the > > > > recession and possible depression > > > > > Buy Gold, so you can feed your family next year. > > > > >http://groups.google.com/group/OpenDebateForum/web/buy-gold-so-you-ca... > > > > .. > > > > > Finally from my Blog I predicted the collapse of the economy > > > > and coined the phase 'Cascade Effect' in describing the domino effect > > > > that would occur. > > > > > The Collapse of American Preeminence, The Bush Legacy > > > >http://vtsl.blogspot.com/2005/09/collapse-of-american-preeminence-bus... > > > > > As far as I am concerned Krugman is a johnny come lately. > > > > > My predictions began before we even invaded Iraq and I told of the > > > > consequences such an attack would cause in February of 2003! > > > > > One Man's Humble Opinion > > > > >http://groups.google.com/group/OpenDebateForum/web/one-mans-humble-op... > > > > > So you have to forgive me if I come across a little arrogant, being > > > > correct long before anyone else is even aware of what is wrong > > > > gives one a high opinion of one's views. > > > > > Now Finally my posts on how to fix the economic downturn. > > > > > The Solution to the Real Estate Meltdown/ > > > > Rescue-Recovery/Plan Fixing the Economy > > > > >http://vtsl.blogspot.com/2008/11/solution-to-real-estate-meltdown-res... > > > > > Fixing the Housing problem 101 for dummies. > > > > >http://vtsl.blogspot.com/2009/01/fixing-housing-problem-101-for-dummi... > > > > > An Auto Bailout? OK, > > > > but it will be painful for the auto industry. > > > >http://vtsl.blogspot.com/2008/11/auto-bailout-ok-but-it-will-hurt.html-Hide > > > > quoted text - > > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
