[GH]

[quote=carlsbadworker]These are all stupid ideas. The major issue of US economy is the lack of savings, either at the government level or at the household level. As a result, it has to run huge government deficit and trade deficit (as a result of trade deficit, saver countries like China can invest in US, although mostly in government bond at the moment to make up the lack of US saving).

Any policy to reduce savings or to punish savers would only kick the can down the road and create longer term issues. We need to encourage the savings and reward the savers…something the market is trying to do but the government won’t let it.[/quote]

The real war on savers in NOT low interest rates, but LOW incomes as a result of off-shoring and on shoring of cheap international labor and a going nowhere economy. I have had to live off of my savings the last three years and am down at this point a bit over $100K. That is a REAL war on savers. Force them out of work and make them live off their fat!

Get our jobs and businesses back up and running and the rest will work. Folks will magically start making mortgage payments, tax revenues will magically increase without the need to tax the rich or anyone else for that matter.

[GH]

One cannot help but wonder if Warren Buffett does not have some inside scoop on this. I cannot see dumping 5 billion on BOFA without some kind of assurances.

[GH]

One cannot help but wonder if Warren Buffett does not have some inside scoop on this. I cannot see dumping 5 billion on BOFA without some kind of assurances.

[GH]

One cannot help but wonder if Warren Buffett does not have some inside scoop on this. I cannot see dumping 5 billion on BOFA without some kind of assurances.

[GH]

One cannot help but wonder if Warren Buffett does not have some inside scoop on this. I cannot see dumping 5 billion on BOFA without some kind of assurances.

[GH]

One cannot help but wonder if Warren Buffett does not have some inside scoop on this. I cannot see dumping 5 billion on BOFA without some kind of assurances.

[GH]

Ron Paul was the guy we needed 25 years ago to PREVENT the catastrophe we now face. His be fiscally responsible sales pitch is nice in hindsight, but under the circumstances most know even if only in their hearts that we cannot repay but a small percentage of our debts.

The fact is that even in bankruptcy, there are worse and even worse outcomes. We need to start looking at mitigating damage, not spouting about how we should not print more money etc…

I have always liked Ron Paul, but his close the barn doors approach is not going to work and he is not the right man for the job.

[GH]

Ron Paul was the guy we needed 25 years ago to PREVENT the catastrophe we now face. His be fiscally responsible sales pitch is nice in hindsight, but under the circumstances most know even if only in their hearts that we cannot repay but a small percentage of our debts.

The fact is that even in bankruptcy, there are worse and even worse outcomes. We need to start looking at mitigating damage, not spouting about how we should not print more money etc…

I have always liked Ron Paul, but his close the barn doors approach is not going to work and he is not the right man for the job.

[GH]

Ron Paul was the guy we needed 25 years ago to PREVENT the catastrophe we now face. His be fiscally responsible sales pitch is nice in hindsight, but under the circumstances most know even if only in their hearts that we cannot repay but a small percentage of our debts.

The fact is that even in bankruptcy, there are worse and even worse outcomes. We need to start looking at mitigating damage, not spouting about how we should not print more money etc…

I have always liked Ron Paul, but his close the barn doors approach is not going to work and he is not the right man for the job.

[GH]

Ron Paul was the guy we needed 25 years ago to PREVENT the catastrophe we now face. His be fiscally responsible sales pitch is nice in hindsight, but under the circumstances most know even if only in their hearts that we cannot repay but a small percentage of our debts.

The fact is that even in bankruptcy, there are worse and even worse outcomes. We need to start looking at mitigating damage, not spouting about how we should not print more money etc…

I have always liked Ron Paul, but his close the barn doors approach is not going to work and he is not the right man for the job.

[GH]

Ron Paul was the guy we needed 25 years ago to PREVENT the catastrophe we now face. His be fiscally responsible sales pitch is nice in hindsight, but under the circumstances most know even if only in their hearts that we cannot repay but a small percentage of our debts.

The fact is that even in bankruptcy, there are worse and even worse outcomes. We need to start looking at mitigating damage, not spouting about how we should not print more money etc…

I have always liked Ron Paul, but his close the barn doors approach is not going to work and he is not the right man for the job.

[GH]

My feeling on Credit Unions is that they never really went where banks went on real estate debt. Perhaps they are held to a different standard?

BOFA is sure sounding sketchy again. Too bad I have held my business account there for 25 years and have been treated well during that time. Also the account is very flexible, so I guess my experience with BOFA differs from most, but then again I never overdraw etc, so most likely I have not triggered their various traps…

[GH]

My feeling on Credit Unions is that they never really went where banks went on real estate debt. Perhaps they are held to a different standard?

BOFA is sure sounding sketchy again. Too bad I have held my business account there for 25 years and have been treated well during that time. Also the account is very flexible, so I guess my experience with BOFA differs from most, but then again I never overdraw etc, so most likely I have not triggered their various traps…

[GH]

My feeling on Credit Unions is that they never really went where banks went on real estate debt. Perhaps they are held to a different standard?

BOFA is sure sounding sketchy again. Too bad I have held my business account there for 25 years and have been treated well during that time. Also the account is very flexible, so I guess my experience with BOFA differs from most, but then again I never overdraw etc, so most likely I have not triggered their various traps…

[GH]

My feeling on Credit Unions is that they never really went where banks went on real estate debt. Perhaps they are held to a different standard?

BOFA is sure sounding sketchy again. Too bad I have held my business account there for 25 years and have been treated well during that time. Also the account is very flexible, so I guess my experience with BOFA differs from most, but then again I never overdraw etc, so most likely I have not triggered their various traps…

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