Discussion on Freddie Mac

Schumpeter Reincarnate Joined: 24 May 2008 Posts: 46268

http://ml-implode.com/imploded.....07-11.html

Dyn-o-mite! Joined: 03 May 2008 Posts: 314 Location: N Cal

There is a distinctly eerie quality to this; like shouting in a cathedral or whistling past a graveyard. Now we are past NEVER HAPPEN and confronted with 'What if'. What if everything we can throw at this doesn't work? That would be in keeping with the "Slow Motion Crash " theory. Is a truly massive correction an entity unto itself? The Great Depression had two components; a stock market crisis & a real estate crisis. Reagan took the 30's controls off the economy & now boom & bust are back. There is a certain Hooveresque echo to the Bush administration. For whatever it's worth Reagan is credited with the re-vitalization of US business. What now? The future is suddenly murky.