Quote:
Originally Posted by finnbow
Not for everyone. It seems like you're defending the sleazy/illegal actions on Wall St. that led to the recession.
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Sort of like you defending sleazy/illegal Hillary. Or, Sleazy Barney and that Fanny/ Freddie fiasco. Or, sleazy Allen Greenspan and the no housing bubble.
That whole derivative concoction to finance the housing bubble may have been sleazy, but it was not illegal. It was not regulated at all.
My wife lost $200,000 in AIG because she worked for United Guaranty who was owned by AIG and bought stock for decades.
But, her 401K more than made up for that in the equity explosion we have seen.
Will it crash again ? Absolutely.
Or, you could let Obama types run everything and there would be nothing to crash from.