Friday, January 09, 2009

Most of the expert commentators seem to agree these massive bailouts are a good idea...

They also keep saying that no one could have foreseen the current problems, by which they mean they didn`t.

Just a thought, but the next thing that might happen with the massive borrowing entailed by these bailouts is the total collapse of the dollar. And then the total collapse of global trade. And then we will really be in Great Depression territory.

1 comment:

Anonymous said...

"Could not have forseen"?

Who are you listening to? Most everyone I'm seeing is saying that it should have been seen and regulators were asleep at the switch for not seeing it. Further, they're saying it was absolutely inevitable.