.gov interventions are temporarily stopping a major depression. Nobody wants to be responsible for triggering it, even though its inevitable. What are they gonna do shut down fannie and freddie and replace it with a non-existent private market. Stop Bernoiko from buying MBSs and treasuries. Force banks to mark to market. Kick the 8 million deadbeats out and force banks to take write downs. Bwahaahaa… Pulease… That would be analogous to making RE a cash only game and sucking 100s of billions out of the economy and more than doubling inventory. Now that would be a true stress test…
They will drive this thing into the ground and Bernoinko will go down with the dollar like Slim Pickens from Dr. Strangelove goes down with the bomb as the whole global economy goes up in flames.
They may do something like block extended UE benefits and crow about it like its a major victory
Actually, I was reading how wall street campaign contributions dramatically switched to republicans in the last few months. That could be a sign that our overlords want some austerity, not on themselves, of course.
