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January 08, 2010

Comments

zero

not only is it past time for tim to go, tim never should have been installed as treasury secretary in the first place (as with the majority of all the persons obama put in at all financial related government positions). he should be investigated. why does congress rubber stamp these appointees? washington dc is a rubbish heap.

evagrius

I was intrigued about the story on China's possible economic collapse.

zero

that is interesting. if that happens, what then?

chuck

If it happens, Roger will tell us it was somebody else's fault:) Can't have counter-evidence to his ideology:)

zero

most likely, mr loopy. but really, what will result from china crashing? more trouble for the world?

jerry

Wouldn't you guys agree that China is "too big to fail"? ;-)

zero

definitely. so what happens if they do?

zero

does no one have answers or just don't want to consider what the answers mean?

jerry

Hi Zero. I was just making a little "tongue and cheek" reference to Geithner's "too big to fail" approach to justify bail out(s). Unfortunately, we can't bail out China - that would be like you or I bailing out our mortgage lender.

I don't think I have the answer(s) you seek, but suffice it to say it wouldn't be pretty.

zero

i was reading last night that we really are in a depression and if the main street issues aren't addressed and soon, it's going to be worse, not better; except, of course, for wall street and those who already are set. we won't need to worry about china, the bad stuff is going to continue to be right here in america. obama needs to go too. he's helped make all this worse.

jerry

Keep in mind that much of our debt is owned by China so we have an (over)dependency on them. A financial collapse there will greatly magnify our (financial) problems.

zero

like the situation isn't bad enough? i am very concerned about the state of this country (world) for everyone but those of great wealth and power.

Doug

Yes, Tim should go. As should the Federal Reserve, who brought on this calamity. If the love of money is the root of all kinds of evil, imagine what heinous sin it is to have control over money!

zero

yep. the fed should go. even if bernanke is replaced it'll be more of the same. those people have the mindset that as long as a narrow set of parameters are ok it doesn't matter if the rest of the country is a sinking ship.

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