Posted by sigismund on August 5, 2011, at 17:08:26
In reply to Re: Will the markets plummit tomorrow? » linkadge, posted by SLS on August 4, 2011, at 22:05:40
They seem to be saying that the explosion of private sector debt became government debt (bailout) which became a bank liability through banks holding government bonds, and it is all being shuffled around maybe it is like pass the parcel again.
It would be nice to have some Ritalin so I could think properly.
I can't get over a sense of anger that after the wars and bailouts, it is ordinary people who are meant to take the rap.
What else is new etc etc.
poster:sigismund
thread:992846
URL: http://www.dr-bob.org/babble/social/20110722/msgs/992905.html