DislikedPlaying the devils advocate here...
The entire weekend chatter, not just at the FF, but in all the "Hot off the Press", has revolved around the impact of the Downgrade on the US...understandably, pretty serious shit...or is it?
I mean, when the debt ceiling was raised, and they come up a couple trillion short of the expectations of S&P lines in the sand, was this really done by some colosol fuck up? Was this really just the way to challange the S&P to give the downgrade? Or does anybody really give a shit what this pack of bandits even says?...Ignored
Interesting view, however, a correction is in order not that it matters a whole lot in the scheme of things. It was during the Clinton administration when the mortgage derivates went full flower. Clinton, to his regret, wishes he would not have ignored the warning signs. It was Bush that tried to reign in this potential disaster. He rightly thought that fanny mae and freddy mac were out of control and, of course he was right. The bull headed congress voted him down multiple times. But I agree that Bush did not control the spending as he should. He let congress have virtually anything they wanted. Now when a house gets repo'd in California, France, England, or anywhere else feels the pain along with U.S..
Taigen Profit This Month:
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