The Current U.S. Recession and the Risks of a Systemic Financial Crisis

[caycifish_IHB]

<p>Normally I would try to add levity to the discussion, but that was just too much of a downer. And it sucks that a lot of that testimony was not about what could be, but what is.</p>

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[awgee_IHB]

If the banking system is collapsing, there is nothing the Federal Reserve can do about it.

 

[Major Schadenfreude_IHB]

Therefore, get Clemens!!!!!!!!!!!!! That terrible liar...

 

[SoCalGal_IHB]

I'm not even going to read this thread, it's so scary. I think I'll head on over to a wilderness survival discussion board.

 

[no_vaseline_IHB]

<p>SCG,</p>

<p>This one is better.</p>

<p><a href="http://lonelymachines.org/mall-ninjas/">http://lonelymachines.org/mall-ninjas/</a></p>

<p> </p>

 

[awgee_IHB]

Major - I finally got it. Duh on me.

 

[Anonymous_IHB]

<p>Roubini's good, but he's not perfect.</p>

<p>He predicted that municipal securites would be one of the lamest return on investments this year. If so, why are Buffet and Gross loading up on them now?</p>

<p>Like all advice, don't follow the guru blindly, understand what you read...</p>

 

[awgee_IHB]

Buffett is not perfect either. He sold all his silver right before the price started rising.

 

[Anonymous_IHB]

<p>Aren't we making the same point here? No one's infallible...so do your own research to figure things out.</p>