Approaching the financial-crisis endgame

Justin,

Clarity is always a good thing. Whatever Congress is going to do, they need to do and move on to the next and most important thing....would somebody please figure out how to regulate derivatives?

Had a party at my house on Saturday and two guys had a heated, but civil, discussion over the 'bail-out' as it is known by the masses. When I interjected, the problem is the dark matter known as derivatives. And they both said, "What?"

Later the next day I was watching CNN and FoxNews to see if they would even discuss derivatives....nary a word...lone exception of Ali Velshy who admitted that most Americans would never understand or take the time to understand what was ultimately at the heart of things and that today's news organizations were far less than ideal or adequate in that a 30 second sound bit wouldn't cut it.

There used to be 3 types of people in this world:
1) Those who make things happen.
2) Those who observe things happen.
and
3) Those who wonder what the heck just happened.

Unfortunately, Americans on the whole make up none of the 3 anymore. We used to make things happen, but now all we make is debt. We used to watch things happen, but now we are preoccupied with side-show politics and consumes news and information in 30 second sound bites. And when we did neither, we were at least contemplating what was taking place or curious about it....now, most Americans are blindly ignorant and incapable of comprehending that something indeed did just happen.

We will recover, but this is a sad moment in American history.

neo-con style high finance capitalism is parasitic fraudulance based on no real wealth, period.

its demise is only beneficial to humanity, in the long run.

people will help each other to survive this cleansing period.

let the new world spring up out of the ashes.

yes , FDIC and Treasury had simply announced back in March.

Thanks you very good; thanks for add to your informations;
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