On Oct 2, 2008, at 12:07 PM, Jed Rothwell wrote:Edmund Storms wrote:6. As a result, stagflation will come again. The Obama administrationwill look a lot like the Carter administration.It might resemble the New Deal, if things get worse and Obama is decisive. Or the Hoover administration if he is no
You are right, he is not invested in real estate. The actual problem
is in the companies that own the mortgages like Bear Stearns, a big
part of which he owns. He is right, some intervention is necessary.
The issue is who will benefit most from the intervention. The press
makes it sound
Edmund Storms wrote:
You need to remember that Warren Buffett is heavily invested in the
financial industry. Consequently, he is going to benefit from the bailout.
I have no idea where Buffett has put his money, but I doubt that he
has any invested in real estate funds. He has been saying for
On Oct 2, 2008, at 12:07 PM, Jed Rothwell wrote:
Edmund Storms wrote:
6. As a result, stagflation will come again. The Obama administration
will look a lot like the Carter administration.
It might resemble the New Deal, if things get worse and Obama is
decisive. Or the Hoover administrati
Edmund Storms wrote:
6. As a result, stagflation will come again. The Obama administration
will look a lot like the Carter administration.
It might resemble the New Deal, if things get worse and Obama is
decisive. Or the Hoover administration if he is not. The crisis has
begun before Obama t
And how did this get started?
http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=1
http://snipurl.com/40xsd [query_nytimes_com]
Anyone know what Franklin Raines is up to these days?
Terry
On Thu, Oct 2, 2008 at 10:54 AM, Jed Rothwell <[E
We now know how the system failed to work properly. How about applying
a little simple logic to a few facts? Application of simple logic to
the system a few years ago would have clearly predicted the outcome,
which many people successfully did. These are the people who made sure
they were
This is kind of off-topic but also on topic.
Here is a broadcast and transcript from the radio program "This
American Life." It explains the subprime mortgage fiasco more clearly
than I have seen elsewhere:
http://www.thislife.org/Radio_Episode.aspx?episode=355
This resembles the "Bird and F
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