Elsewhere on The Exxchange: SEC | Henry Paulson | US Treasury | Ben Bernanke | Federal Reserve | TARP |
Mish's Global Economic Trend Analysis is the #1 Blogger for US Economic Bailout of 2008
Nationalizations take dramatic losses from the private sector and places them on the larger balance sheet of the public sector, he said. "It's not good," but society is vulnerable and society is going to have to intervene, Hendry said.
I am thinking about the millions of workers who were cut loose by their partners, their government, their businesses, their bosses, their schools, institutions. The rope has been cut. How did this happen. When did it happen? Was it the crash or the Mad(off) men or the shock and awe of the (don'...
Sat, Jan 30 | from Huffington Post