indeed you have scary ideas.

you complain about the us bail out but you want our government to bail out our banks?

You are suggesting our government should control more things like the banks and get bigger and bigger?

ludicrous!

not good.

Free market is the only solution.

Anything less (like the bail out and other socialist policies) will make things worse.

Don’t try to fix your falling castle of card; the castle sucks. it is meant to fall.
And it will fall eventually no matter what you do.
Instead of wasting your money trying to fix a lost cause, let it fall to the ground and keep your money to build a better castle.

you might not want it but I believe it has to happen due to the huge bubble economy collapsing upon itself. Banks are not solvent now and if my tax dollars are going to buy assets(laugh) from a bank to hold their books together I would like to know what I am buying.

What do you offer as a solution?

throw money every month at an ever contracting market? Watch as more and more companies merge to buy into the free money program or even worse purposely run themselves into the ground to get tax dollars? The US has started a very dangerous precedent by bailing out selected companies and letting others fail to be merged into larger monopoly’s. Banking, Insurance, Auto’s? They did this peace meal by reacting after the fact. Everyone now faces the fact that they have to either merge to become to big to fail or become a bank to get funds. Steel, agriculture, coal, forestry, are now going to follow. Monopoly anyone ?

What I am stating is that we nationalize the banks,open the books,regulate, strip the gambling factor off the books and stabilize the system now. A bank should not be using dollars in hedge funds but in loans to a community. Leave that up to a separate corporation with higher risk and higher reward. Keep key savings and key loan operations solvent and heavily regulated.

for an example does the TD depositor become affected if the a TD hedge fund becomes insolvent? Government has caved in to speculators to increase risk and reward in the boom and is going to hurt the little guy in the bust.

“Nationalize the banks to make everything transparent and people can see the books and enact a massive usury law to get rid of predatory lending practices period…do we have the political will or am I wrong?”

For fascism? Politicians want it. You might even say we’re getting it. But I don’t want it. And nobody with any sense of how successful economies work wants it.

But he didn’t say what he’s bullish on. Energy, precious metals, commodities, financials, etc, etc …. so for him to make a general statement “we are bullish on the market” can mean anything.

What may be good in certain sectors (gold/silver + commods) for investing may not be good for the pocketbooks of the masses anyway

In the meantime, look for the large number of people who were involved in this ponzi scheme to ask for bailouts and play the blame game, and to seek out left wing politicans who will pander to their misery. They will look to anyone who escaped this nonsense and all “rich” people as targets. There will be political polarization as the baby boomers attempt to bail themselves out of the reckless era on the backs of the younger generation. You already see this in some pension changes slated to occur. Teachers already passed changes benefiting the older workers at the expense of the young ones, and more recently, a proposal was made by the Actuaries” Standards Board to change a formula used to calculate the commuted value of defined benefit plans where younger workers want to leave the plan and take a cheque for the refund of overcontributions and the rest as a locked in RSP. This rule change will effectively punish all laid off/resigned younger workers in DBP plans.

These are examples of the explosive confrontations that will occur over the next 5-10 years as a result of this mortgage crisis.

JO

Unfortunately the corrupt thieving gov prefers the greedy helping out the greedy approach.
No accountability and a little skimming off the top each time bailout funds exchange hands.
That’s capitalism and shoe dodging at it’s finest.

They just smugly smile, deny and if they happen to get
caught there’s always the inquiry loophole that always ends the same… “Errors were made and we have to make sure something like this never happens again.”

Only thing is no laws or changes ever happen.
A few weeks pass and the whole issue drops from the publics radar.

The model we have is broke and we need a complete overhaul.

Ever thought about starting your own party Garth?