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47 Trillion Dollars...of shaky investments...EJ Dionne

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Stuart G Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 11:17 AM
Original message
47 Trillion Dollars...of shaky investments...EJ Dionne
Edited on Mon Sep-29-08 11:19 AM by Stuart G
According to a recent column, E J. Dionne states that there are 47 trillion dollars connected to this financial crises. If the crisis explodes, this will result in a disastrous world depression. That is what this is about.
My opinion is that since these investments are intermixed with other safe instruments, it is impossible to know which is which. Therefore, since we do not know witch to stabilize, so
you have to stabilize all. Sure it is a bad deal. But do we want to risk a world depression, that will affect all of us, or spend this money now to try to prevent that..


Let us look back, if the Great Depression could have been prevented, would you be in favor? Possibly to save the deaths of at least 50 million people, (perhaps many more) and prevent the rise of Hitler?
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rainy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 11:20 AM
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1. wasn't that depression caused by banks trying to get more power?
Thus the creation of the FED and the loss to the people of some rights. Now this will also give the banks more power and give the people less power. Its a hoax.
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Stuart G Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 11:27 AM
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2. It is not a hoax........
Edited on Mon Sep-29-08 11:28 AM by Stuart G
Is Barney Frank in charge of hoaxes? perhaps, I do not think so. Speculation and lack of regulation caused these shaky investments to be sold. The fact that they are out there now, waiting to collapse is no hoax. That collapse will affect all of us, not just investors, banks, etc.....Now,,,,,,,,,,,

what part of the phrase "all of us " do you not understand?

..That is why this must be done..

Ultimately the depression created WWII...So preventing another, is something we need to try..
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Stuart G Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 11:42 AM
Response to Original message
3. If the bailout fails.........I sure hope that the ...
failure of our credit does not lead to a world depression/crises. I certainly do not want to take the chance. I doubt that this would have been brought up if it were not this serious......And the changes that have been made, have insured oversight and stability as the process proceeds........Let us give this chance, instead of letting the world slip into financial chaos that would affect us all...
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