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 Post subject: We're in good hands!
PostPosted: Thu Sep 25, 2008 4:47 pm 
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Swiped these quotes from a CNN commentary. Kinda made me laugh. Also, kinda makes me wonder who the hell is in charge.

"I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They're efficient. They're flexible."

-- Treasury Secretary Henry Paulson, March 16, 2008

"Our policy in this administration -- laws shouldn't bail out lenders, laws shouldn't help speculators."


-- President Bush, May 19, 2008

"Our economy has continued growing, consumers are spending, business are investing, exports continue increasing and American productivity remains strong. We can have confidence in the long-term foundation of our economy...I think the system basically is sound. I truly do."

-- President Bush, July 15, 2008


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 Post subject: Re: We're in good hands!
PostPosted: Thu Sep 25, 2008 6:26 pm 
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And then theres this: http://www.cnn.com/2008/POLITICS/09/24/ ... topstories

U.S. President George W. Bush, saying "our entire economy is in danger," urged Congress to approve his administration's $700 billion bailout proposal.
Failure to act quickly on the bailout plan could result in a "long and painful recession," Bush warned.
"We're in the midst of a serious financial crisis, and the federal government is responding with decisive actions," Bush said in a televised address Wednesday night from the White House.
Bush pointed out that the collapse of several major lenders was rooted in the subprime mortgage market that thrived over the past decade.
He said passage of the $700 billion bailout proposal was needed to restore confidence in the market.

"I'm a strong believer in free enterprise, so my natural instinct is to oppose government intervention," he said. But "these are not normal circumstances. The market is not functioning properly. There has been a widespread loss of confidence.

"Without immediate action by Congress, America can slip into a major panic."

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 Post subject: Re: We're in good hands!
PostPosted: Wed Oct 22, 2008 7:09 pm 
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Finko wrote:
who the hell is in charge?


Big businesses thats who.
Have you ever seen this movie?
http://video.google.com/videoplay?docid=7065205277695921912


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 Post subject: Re: We're in good hands!
PostPosted: Sun Nov 20, 2011 8:07 am 
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These guys backup their analysis with lots of good data and charts.

They tell it like it is but are a bit on the doomsday economist side.

http://www.financialsense.com/


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