Economic Punch Drunk Love: 3 Fascinating Financial Stories Captivating the Market: CEO Being Punched, Bank of America Past Comes Back, and the Politics of the Bailout Plan.

What does getting punched at the gym, being forced to modify a large number of loans, and screwing over the American people have in common?  It is all just another day at a comfortable and secure mahogany desk job for Wall Street and our politicians.
While a large number of Americans fret over a full blown economic collapse, the crony capitalist are doing everything to maintain their stranglehold on the casino which is otherwise known as the global financial system.  This weekend a survey by the Wall Street Journal found that 6 out of 10 Americans felt another Depression was possible.  That is a Depression with a capital “D”, not recession as in the mythical Great Depression which apparently most of Wall Street has forgotten since they fail to examine any historical context.
Some try to argue that there is little in common with our current system as the circumstances that plagued […]

Original post by drhousingbubble

This entry was posted on Tuesday, October 7th, 2008 at 12:33 pm and is filed under credit crisis, bank failure, bailout, psychology, housing-2008, housing-data, market analysis. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback