Comments on: The Devil and The Details http://washingtonindependent.com/1815/the-devil-and-the-details National News in Context Sun, 04 Mar 2012 13:30:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: kittycat http://washingtonindependent.com/1815/the-devil-and-the-details/comment-page-1#comment-1575 kittycat Wed, 30 Nov -0001 00:00:00 +0000 http://www.washingtonindependent.com.php5-9.websitetestlink.com/?p=1815#comment-1575 Nobody seems to notice that this bailout covers up large, well organized and developed cooperation between financial institutions and developers. Namely, the public was purchasing property overpriced 50 -300%, depending on region. It was classically build pyramid, which means it was a bubble. The first reaction should be investigation, prosecution and taking over assets of those who were involved in creating this bubble. Yet instead of anything like that we get a proposal for transfer more power to the Federal bank and consolidating its steely grip on the economy. Guess what: it does not matter who sits in the white House as long as the extreme conservatives sit in the Federal bank. By cutting off the money they can, and often do, effectively strangle any changes. LB Nobody seems to notice that this bailout covers up large, well organized and developed cooperation between financial institutions and developers.

Namely, the public was purchasing property overpriced 50 -300%, depending on region.

It was classically build pyramid, which means it was a bubble.

The first reaction should be investigation, prosecution and taking over assets of those who were involved in creating this bubble.

Yet instead of anything like that we get a proposal for transfer more power to the Federal bank and consolidating its steely grip on the economy.

Guess what: it does not matter who sits in the white House as long as the extreme conservatives sit in the Federal bank. By cutting off the money they can, and often do, effectively strangle any changes.

LB

]]>