Reality slams stock market
Volatility slammed Wall Street again today as the reality hit investors that few industries are safe from the consumer spending slump -- whether they're building homes, making cars or selling coffee.
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#1 Nov 12, 2008
US May Lose Its 'AAA' Rating
Consumer and investor confidence will return ONLY IF they FIX the core flaws NOT cover them up. Bailouts will not do a darn thing but bankrupt the treasury.
Few examples of core flaws that come to mind:
Mark to make believe accounting - Credit rating conflict of interest - Derivative scam (naked swaps)- Currency reform?(Bretton Wood 2)
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