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This video explains the origin of the mess we are in. Look at a long term chart for the DOW and see the change in 1995. A bogus economy was created out of thin paper, not real incomes. Political correctness at the expense of sound economic principles has always failed throughout all recorded...

I agree. A person with an addictive personality will have to live with this condition all his live. The trick is to be able to turn all the 'bad' addictions into 'good' addictions. Meaning sports and fitness instead of alcohol and drugs, meaning having sex for love, not for pleasure...

I could be wrong, but so far I have not heard Obama tell one single joke, be genuinely funny or have the capacity to make fun of himself. Something to ponder I guess.

In 2000 half the population voted for one candidate and the other half for the other. As the dust settled each side was completely convinced that the other had to be stupid. Funny nobody cared to add....

Most probably C.

Former Goldman banker leads bailout By EAMON JAVERS & LISA LERER | 10/7/08 4:38 AM EDT When he took to the lectern at the American Enterprise Institute on Sept. 19, Neel Kashkari was a little-known Treasury official on hand to give a PowerPoint presentation on obscure aspects of the...

Speaking to the bishops assembled at the Vatican, Pope Benedict said those who seek "success, career or money are building on sand". ********** Pope criticises pursuit of wealth Pope Benedict XVI The Pope says God's word is the only veritable reality to build on The global financial...

"It looks like Bloomberg.com is affected by the hijacking. The site itself isn't infected, but the adserver serving certain banner ads is. Randomly clicking around Bloomberg will eventually result in a hijacking that redirects to onlineprivatescan dot com accompanied with a pop-up (above image)...

All traders could stop trading for a whole day to protest this move. I wonder how this would affect the markets. A trader's strike.

Relaxing lending standards to 'make' people afford houses, violates the same economic principles that a 'universal health care' program would.

Not sure if this has been posted earlier. Why are they only singling traders out? What right do they have? Isn't it against the law to discriminate in this country? Why don't they go after their beloved lawyers? They have money too. What the heck, they should also target doctors, they have...

In 2005 when real estate values were flying off the map NOBODY was complaining. The vast majority of people who are in trouble used their home equity as an ATM machine. Now that prices are coming back to earth the only evil doers are the wall street execs. Bullshit. Everybody is guilty...

must have been my very high tolerance for self inflicted pain...:D

Americans scored closed to 1.8 Trillion.

because if not, ALL taxpayer's real estate will keep sinking in value without a catalyst to help create a bottom quickly.

The solution would be to create a 700B real estate management company to mop up all residential distressed real estate and rent it out to the people who are about to jump ship. Sit on this real estate until wages catch up, a decade perhaps and then sell at cost. Screw interest. It's not a...

Agree completely. Programs lowering loan standards to 'help' people who wouldn't otherwise qualify had good intentions but sometimes meaning good can come at a heavy price. But the cause of the financial bubbles we have experienced over the last 11 years in the US did not occur here.

I am not so sure we can blame politicians for natural market behaviors. It would be similar as to trying to prevent Nasdaq from reaching 5000 in 2000 with some type of political agenda, when everybody had to own tech. Or trying to prevent it from losing 80% through legislation, as the...

More like 30 yrs. When a credit bubble bursts, the only possible outcome is catastrophe. Nothing anybody can do about it. It's part of what the system has to go through.

Thanks dmabe. Not having to program anything is probably a good alternative. Is it correct, the cost of setting the system up will run approx $100 per month?