Well here we are again. Our fall tradition, another financial implosion.

[Safetykitten]

This time, one of our beloved individuals is at the center of this. And why should it not be this way? It's not like anything was done to make people stop behaving like this.

Our President had quite an opportunity to make things go down a different road in 2008, financially speaking. He choose not to. Now we are going to reap the rewards of his miscalculations. The rewards will be something we will all be able to look forward to the rest of our lives.

[CoffeeCat]

1. The banks are behaving in the same manner...

...as they did before the 2008 crash.

We still have derivatives. We still have credit-default swaps. The banks
are still behaving badly. Why in the hell would our country--or other countries
that have similar messes--produce any outcome other than DISASTER?

Furthermore, our economy is worse than it was at the time of the 2008 crash. We
were humming along just fine in 2008. Now, we've got skyrocketing unemployment,
continued foreclosures, shattered consumer confidence and people are braced for
disaster. Our economy is 70 percent consumer spending. People are not spending
recklessly as they once were. People are paying off their credit cards--not running
to Pier One to buy $50 candles and $300 glass-tile end tables.

There are fewer and fewer cards propping up the house of cards.

Frankly, I don't understand why any of it is still standing. It's beyond my comprehension.
I guess the elites who run the cocktail party circuit (ie--the ones who created this mess)
are the only ones who know for sure.

Italy is next, by the way.

[Itchinjim]

2. 3...

[dionysus]

3. obama's fault obama's fault obama's fault obama's fault obama's fault obama's fault obama's fault

:rofl: