Sunday, November 16, 2008

A Credit Crisis or a Collapsing Ponzi Scheme?

"Until Congress holds serious investigations and hearings, the U.S. taxpayer may be funding little more than Ponzi schemes while companies that provide real products and services, legitimate jobs and contributions to the economy are left to fail."

Pam Martens: The Two Trillion Dollar Black Hole

To reiterate, your money they are spending on saving "the system" is ruining the system. It is going to bad businesses and bad businesspeople. Why do you continue to believe Washington is smarter than the markets? Why do you continue to believe they are helping you?

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