"Goldman and JPM are virtually extensions of the US Government, the Feds role has been strengthened by Obuma and the reality is the new capital requirements and the lessons learned will mean credit contracts massively over the 2 year time frame, debt has to be reduced , savings have to rise to pay off debt, Alt A, ARMs, 1/2 trillion of private equity resets"
well yes!
but isn't that where we have been the last 24 months?
it is playing out according to script.....but who wrote the script?
