Quote:
Originally Posted by deepimpact2
I guess I looked at that differently. I don't think his motives were in the right place on that issue.
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Oh Senator McCain is definitely NOT drinking the President Obama crunk juice, but, all of them are politicians and that is something "they" do...
Aside from that, I just learned that due to too much de-regulation, many of the big banks invested their money in derivatives. Derivatives are very risky investment tools. While you can make a TON of money, which we saw, you can lose it faster... In order to make that kind of money to invest, risky loans were made to people clueless about the printed paper. Then when the balloon was made, if you jumped out quickly, you were probably okay. But if you tried to back out within the last 2 years, you were left holding the bag. It was a shakedown.
Now, while President Bush 2 was not told to correct this kind of investments, President Clinton didn't do it either... And this kind of investment was made on the tail end of President Reagan... So, it took roughly 22 years for us to crash! That's like a Ecstasy-Crystal Meth rush mixed with a little crack. Just nuts. And it unknown if President Obama will smoke that glass pee pee or not...
Folks like money, fast... Instant gratification... We have got to have an "intervention" on this one...
This ain't the Drinky Crow Show...