American Economy (thus world economy)

[Coca-Cola]

akuma587 said:

Kasz216 said:

akuma587 said:

blackbird3216 said:
what if freddie and fannie crashed?

Government won't let it happen because the results would be catastrophic.  It would be much worse than letting one of the major car companies in Detroit go bankrupt (which would probably be a good thing in actuality).

 

The thousands and thousands of Autoworker retirees who depend on the money they were promised to survive. (yet still get less then) disagree.

I mean where do we draw the line then?  They have obviously showed an incompetence second to none by backing themselves into a corner and nearing bankruptcy numerous times.  It is inefficient for the market to have the government baby them and strictly against a conservative economic policy.  Let the market correct itself.

 

the market has not corrected itself since 1987, thus the bubble that is bursting now.

If the market corrects itself now, then we will have depression.  I don't want that.  but if not now then my kids will go through it.

Let's see if Paulson can come up with something, but thus far he has been horrible.