Vast swaths of TARP 1.0, far more than anyone imagined at the time, went to bail out European banks, which poses an interesting question for numb skulls who think the 2008 crash had anything to do with the Bush tax cuts.
No, the root cause of this problem is morally rudderless politicians' desire to buy their way into office with Other People's Money, juxtaposed against a decadent culture that is insatiable in both its consumerism and its entitlement mentality. This is what happens when other people's money runs out. Everyone pretends money is like Doritos -- "Don't worry, we'll print more!" Remember that hyper-inflation I predicted. "By the prickle of my thumb..." - Publius On Wed, Nov 30, 2011 at 4:16 PM, Pete Theisen <petethei...@verizon.net> wrote: > Hi Everybody, > > http://www.politico.com/news/stories/1111/69411.html > > If we have to live with Monopoly money let the sniffies over there live > with Monopoly money just as we do. > > "Stocks soared by as much as 400 points Wednesday morning, after the > Federal Reserve announced it would work with other central banks to > provide more liquidity to ease the strains in global financial markets > caused by the European sovereign debt crisis." > -- > Regards, > > Pete > http://pete-theisen.com/ > http://elect-pete-theisen.com/ > [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/CAEUt0LCTouSFOGBUF_zvheo_vOR=bjngdphfauj5kfmlgtj...@mail.gmail.com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
