the bailouts will fail. Its a problem of trust and I'm reading increasing aggression towards handing cash to those they feel are responsible. And make no mistake the American system has caused this largely by securitising mortgages over property owners with no income to speak of, fraudulently rerating as high quality and then leveraging against in all the little alcoves of the financial globe. We all played a part, but we didn't initiate the game we were caught up in the excitement - the biggest pokie machine on the planet.
Lay low. No One knows where this will end. Make sure you can feed your family. No joke.
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