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Idaho Mountain Man
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US Heading for a Depression?

The economic slowdown in the US could lead to national bankruptcy as the government can not afford all the bailouts, and the stock markets will not bail out the US government as they are already facing a funding crisis, Martin Hennecke from Tyche said Thursday.

Video...

http://www.cnbc.com/id/15840232?video=851879191&play=1
 

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From what I understand, Fannie Mae/Freddy Mac has been a partial Govco entity for 80+ years. They give money to politicians to get favorable treatment. It was a govco f-up; not free market f-up.
I clearly remember when this all started at 15 years ago. Congress had banks on capital hill, grilling them on their loan policy being racist. For years arm twisting took place to give loans to high risk people.
Duh Huh!
 
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