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Originally Posted by vol_freak  There is no doubt that the first part is a huge contributing factor but it's not solely responsible for this mess. There are plenty of other factors at play not limited to: bank regulations, government lending regulations, over exposure, greed, short selling, etc, etc, etc.
The fed is forcing banks to show these on their books as basically worthless. It would seem that is allowing them to swoop in, buy all of these up at discounted prices and then sell them for a big profit once the "panic" has ceased. The government would stand to make billions, just have they have on previous bailout scenarios. |
but you're describing a long term governmental conspiracy that spans back to the Reagan administration.
If our gov't is going to do that to us to make money, when they could simply tax us, we're in trouble anyway.
By the way, those funds will have very limited application should the gov't make any.