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

[caycifish_IHB]

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.

 

[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]

SCG,

This one is better.

http://lonelymachines.org/mall-ninjas/

 

[awgee_IHB]

Major - I finally got it. Duh on me.

 

[Anonymous_IHB]

Roubini's good, but he's not perfect.

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?

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

 

[awgee_IHB]

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

 

[Anonymous_IHB]

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