MIT Professor and Former IMF Chief Economist

[bsrsharma]

Is America the new Russia?

http://www.ft.com/cms/s/0/09f8c996-2930-11de-bc5e-00144feabdc0.html

[CA renter]

patientrenter wrote:

I totally agree that the big boys get the real inside access to lawmakers. But I am saying that they can only go so far without public support. The elephant in the room in this whole housing/stock price bubble is the large majority of the general public who want those prices to go higher. We can pretend the elephant is not there, but that won’t help us understand what happened and what will happen.
——————

But they get that public support by pretending that the bailouts are about “the people’s” housing prices and stock values. That’s how they do it.

If the PTB could funnel the money to themselves without saving a single homeowner, they would do it. That would give them more opportunities to buy up distressed assets for themselves.

This is ALL about giving our money to the bankers who got us into this mess in the first place.

BTW, although I’ve certainly tried, I’ve never been able to get Feinstein or Boxer to listen to me either. Have any of the bloggers — WHO GOT IT RIGHT ALL ALONG — ever had an audience with the high muckity-mucks in D.C.? I seriously doubt it.

[CA renter]

patientrenter wrote:

I totally agree that the big boys get the real inside access to lawmakers. But I am saying that they can only go so far without public support. The elephant in the room in this whole housing/stock price bubble is the large majority of the general public who want those prices to go higher. We can pretend the elephant is not there, but that won’t help us understand what happened and what will happen.
——————

But they get that public support by pretending that the bailouts are about “the people’s” housing prices and stock values. That’s how they do it.

If the PTB could funnel the money to themselves without saving a single homeowner, they would do it. That would give them more opportunities to buy up distressed assets for themselves.

This is ALL about giving our money to the bankers who got us into this mess in the first place.

BTW, although I’ve certainly tried, I’ve never been able to get Feinstein or Boxer to listen to me either. Have any of the bloggers — WHO GOT IT RIGHT ALL ALONG — ever had an audience with the high muckity-mucks in D.C.? I seriously doubt it.

[CA renter]

patientrenter wrote:

I totally agree that the big boys get the real inside access to lawmakers. But I am saying that they can only go so far without public support. The elephant in the room in this whole housing/stock price bubble is the large majority of the general public who want those prices to go higher. We can pretend the elephant is not there, but that won’t help us understand what happened and what will happen.
——————

But they get that public support by pretending that the bailouts are about “the people’s” housing prices and stock values. That’s how they do it.

If the PTB could funnel the money to themselves without saving a single homeowner, they would do it. That would give them more opportunities to buy up distressed assets for themselves.

This is ALL about giving our money to the bankers who got us into this mess in the first place.

BTW, although I’ve certainly tried, I’ve never been able to get Feinstein or Boxer to listen to me either. Have any of the bloggers — WHO GOT IT RIGHT ALL ALONG — ever had an audience with the high muckity-mucks in D.C.? I seriously doubt it.

[CA renter]

patientrenter wrote:

I totally agree that the big boys get the real inside access to lawmakers. But I am saying that they can only go so far without public support. The elephant in the room in this whole housing/stock price bubble is the large majority of the general public who want those prices to go higher. We can pretend the elephant is not there, but that won’t help us understand what happened and what will happen.
——————

But they get that public support by pretending that the bailouts are about “the people’s” housing prices and stock values. That’s how they do it.

If the PTB could funnel the money to themselves without saving a single homeowner, they would do it. That would give them more opportunities to buy up distressed assets for themselves.

This is ALL about giving our money to the bankers who got us into this mess in the first place.

BTW, although I’ve certainly tried, I’ve never been able to get Feinstein or Boxer to listen to me either. Have any of the bloggers — WHO GOT IT RIGHT ALL ALONG — ever had an audience with the high muckity-mucks in D.C.? I seriously doubt it.

[CA renter]

patientrenter wrote:

I totally agree that the big boys get the real inside access to lawmakers. But I am saying that they can only go so far without public support. The elephant in the room in this whole housing/stock price bubble is the large majority of the general public who want those prices to go higher. We can pretend the elephant is not there, but that won’t help us understand what happened and what will happen.
——————

But they get that public support by pretending that the bailouts are about “the people’s” housing prices and stock values. That’s how they do it.

If the PTB could funnel the money to themselves without saving a single homeowner, they would do it. That would give them more opportunities to buy up distressed assets for themselves.

This is ALL about giving our money to the bankers who got us into this mess in the first place.

BTW, although I’ve certainly tried, I’ve never been able to get Feinstein or Boxer to listen to me either. Have any of the bloggers — WHO GOT IT RIGHT ALL ALONG — ever had an audience with the high muckity-mucks in D.C.? I seriously doubt it.

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