[quote=greekfire]Peter is exactly right, but the powers that be (voted in by all of us) are doing everything they can to prevent the market from correcting.[/quote]
Which is why we should all be making an effort to get in front of our Congressman and vigorously make our case. The people who want to avoid consequences for their bad decisions are in total control right now, with all the top finance Congressmen (Frank, Dodd, Schumer) in their pocket. Maybe we cannot make a difference, but we shouldn’t be too cynical. Life does bring opportunities, and being too cynical means you miss lots of opportunities. We should at least make these Congressmen feel uncomfortable whenever they let borrowers, investors, and bankers off the hook for another trillion dollars.
