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peterb
ParticipantCheap money, available for too long, certainly helped cause bubbles in most assets classes in the last 8 years. But lack of regulatory enforcement is probably at far more fault than the availability of cheap money. Just look at the derivatives market and the mortgage market. Outta control for many years. Couple this with the demographic nightmare headed our way…..world class poop storm.
Conspiracy? Who knows. But I still clearly remember when Bush helped to reduce the IRS budget in 2004 so that they had to lay-off investigating attorneys. These guys make the IRS a lot of money. And let’s not forget all the testimony coming out of the Madoff event! They knew what was going on. They were all doing it.peterb
ParticipantCheap money, available for too long, certainly helped cause bubbles in most assets classes in the last 8 years. But lack of regulatory enforcement is probably at far more fault than the availability of cheap money. Just look at the derivatives market and the mortgage market. Outta control for many years. Couple this with the demographic nightmare headed our way…..world class poop storm.
Conspiracy? Who knows. But I still clearly remember when Bush helped to reduce the IRS budget in 2004 so that they had to lay-off investigating attorneys. These guys make the IRS a lot of money. And let’s not forget all the testimony coming out of the Madoff event! They knew what was going on. They were all doing it.peterb
ParticipantCheap money, available for too long, certainly helped cause bubbles in most assets classes in the last 8 years. But lack of regulatory enforcement is probably at far more fault than the availability of cheap money. Just look at the derivatives market and the mortgage market. Outta control for many years. Couple this with the demographic nightmare headed our way…..world class poop storm.
Conspiracy? Who knows. But I still clearly remember when Bush helped to reduce the IRS budget in 2004 so that they had to lay-off investigating attorneys. These guys make the IRS a lot of money. And let’s not forget all the testimony coming out of the Madoff event! They knew what was going on. They were all doing it.peterb
ParticipantYup, meet the new boss, same as the old boss. They still have not told us about most of the TARP money and where it went. Our congress thieves approved this! We should vote them all out of office for this act alone!!
peterb
ParticipantYup, meet the new boss, same as the old boss. They still have not told us about most of the TARP money and where it went. Our congress thieves approved this! We should vote them all out of office for this act alone!!
peterb
ParticipantYup, meet the new boss, same as the old boss. They still have not told us about most of the TARP money and where it went. Our congress thieves approved this! We should vote them all out of office for this act alone!!
peterb
ParticipantYup, meet the new boss, same as the old boss. They still have not told us about most of the TARP money and where it went. Our congress thieves approved this! We should vote them all out of office for this act alone!!
peterb
ParticipantYup, meet the new boss, same as the old boss. They still have not told us about most of the TARP money and where it went. Our congress thieves approved this! We should vote them all out of office for this act alone!!
peterb
ParticipantI think Paulson ran GS while it was making billions off the deravitives market. He knows. He also got to get his money tax free when he became the Tres Sec. Some say around $400M. I think this makes him culpable in my book. Timmy is a bag boy. But they’re all doing what they’re told.
peterb
ParticipantI think Paulson ran GS while it was making billions off the deravitives market. He knows. He also got to get his money tax free when he became the Tres Sec. Some say around $400M. I think this makes him culpable in my book. Timmy is a bag boy. But they’re all doing what they’re told.
peterb
ParticipantI think Paulson ran GS while it was making billions off the deravitives market. He knows. He also got to get his money tax free when he became the Tres Sec. Some say around $400M. I think this makes him culpable in my book. Timmy is a bag boy. But they’re all doing what they’re told.
peterb
ParticipantI think Paulson ran GS while it was making billions off the deravitives market. He knows. He also got to get his money tax free when he became the Tres Sec. Some say around $400M. I think this makes him culpable in my book. Timmy is a bag boy. But they’re all doing what they’re told.
peterb
ParticipantI think Paulson ran GS while it was making billions off the deravitives market. He knows. He also got to get his money tax free when he became the Tres Sec. Some say around $400M. I think this makes him culpable in my book. Timmy is a bag boy. But they’re all doing what they’re told.
peterb
ParticipantWill the mod make the loan “non-recourse”? What amount levels will be allowed to participate?
Methinks this is a non starter, at least in CA. -
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