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User Info Here is why the market may jump on Paulson proposal; entered at 2007-12-02 18:17:53
Nothing
Posts: 4382
Registered: 2007-09-13 Russian River Appellation
Finance

Yep, this will be the test

Has the US gone far enough down the path to fascistic Socialism that there will be massive transfer of wealth from the folks with more money than debt to the folks with more debt than money?

So what if there are Bank lawsuits by the folks they borrowed from...if the assets stay in the hand of the debtors...there will nothing there to satisfy the judgements.

Which will be justfied because...Hey, the rich folks have way too much money anyway.

Last modified: 2007-12-02 18:19:02 by nothing

2007-12-02 18:17:53