Oct 17, 2008 Wall Street Monsters & Meat (You) Jim Willie CB 321gold ...inc ...s
TOP DOWN SOLUTION FAVORS THE ELITE
The top-down approach used to date aids the wealthy bankers, while the homeowners are denied aid. That aid is promised but rarely arrives. The fundamental problem here is that billion$ are devoted to shore up insolvent banks, to redeem their worthless (or nearly worthless) bonds, and to give a giant pass to the executives. Trust has eroded throughout the system. Banks distrust each other's collateral. The result is that eventually the USEconomy will enter not a recession, not a depression, but a DISINTEGRATION PHASE.
Saturday, October 18, 2008
No conspiracy here.........
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