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You better keep your racist thoughts to yourself.

I am also surprised by the recent strength of US dollar.

You are talking about politics and I was talking about economics. Obviously.

is there any difference between what US is trying to do and what China is?

also Ge capital could easily become a banking holding company to get all the benefits that others get

the winning probability of betting against Buffet is not too good with the bailout of citi, Fed showed that the worst to happen to the major players is a minor dilution

Why China wants to inflate itself of the hole? It has lots of cash and owns a lot bonds, for which the worst thing is inflation.

Interesting question. How did Canada do in the Great Depression?

Many of these borrowers havn't put down a cent as down payment, and have lived free for at least 6 months. The worst to happen to them is to move to an apartment.

Buffet does not care about higher tax. He already denoted the majority of his wealth to the Bill Gates Foundation.

haha. I am glad that the housing mess is in Hussein's hands now.

US is probably the only country that when a borrower defaults, it is the lender that will take the blame.

JP Morgan is just trying to front run the new president Obama, who have promised to freeze foreclosure for three months.

Does anyone on ET considers himself the best?

I actually see a big difference between FNM/FRE and GE. US treasury was out to get FNM/FRE. Now they are trying to help all the major players.

If there is any difference, it's probably because of the Clinton era. Clinton's economical policy was more republican than democratic: small government and less government intervention, reduced well-fare and more incentive to work, conservative fiscal policy. He was also a strong...

nationalize? no. dilation? yes. how much? no one knows.

most of these reports are not very good. I have free access but don't read them

thanks. it's informative.

I guess I just cannot see what Buffett saw. Deregulation will make it easier for companies to compete against each other, and hence it reduces the moats, unless NRG has an edge. But I just don't see what edge NRG has.