wbmw........you hit it right on the head....yes, you have represented my feelings correctly....
A common theme here is that you just don't trust those who claimed there was a problem that needed fixing.
I firmly believe this crisis was INTENTIONALLY created....there was no crisis in reality.....and, I said this at the outset....not in hindsight...
there was a bad situation.....but, it could have been remedied without a national/international crisis...."some heads had to roll"....some businesses would contract....some American and foreign players would lose a bundle.....but, that's what capitalism is all about....
it's late and it takes a lot of writing....but, think about this....
we live in a age of computer capability which allows us to predict with a high degree of accuracy the EPS of a corps. stock next qtr.....we can do many kinds of computer modeling....
would you have me believe that with all the controversy surrounding the sub-prime market, the companies selling derivatives have no clue as to their probable cash flow position....
everything that happened came out of the blue 40 DAYS before before the election of the president of the United States....the most powerful man in the world.....
and, no one in the government or financial community said to those banks...."hey, fellas...we have a presidential election....wait until after the election to let all hell break loose".....
C'mon!!!! the crisis was created to facilitate an agenda...
there's so much more....it would take 20 pages to explain it properly....I tried to do it in a couple of paragraphs....
oh, and, please...no "conspiracy theory" stuff....this is just the way the government is run...and, the population is "steered"....