Elizabeth Warren: "We Have A Real Problem Coming..."

TwixVoy

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Thu Aug-13-09 05:00 PM
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Elizabeth Warren: "We Have A Real Problem Coming..."

I suggest everyone watch this video. It explains why this "recovery" is completely bogus. New rules the feds have setup allow bad assets to be considered equal in value to what they were supposedly "worth" at some point in the past, even though they are worth much less today. If we were to be using the actual worth of the assets the banks would completely collapse. The question is how long this can go on until the house of cards falls down.

http://www.businessinsider.com/henry-blodget-elizabeth-warren-we-have-a-real-problem-coming-2009-8

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