Quote of the day
S&P threatening to downgrade the ratin on US government debt. These the same guys that gave toxic mortgage debt a AAA rating?
Great cartoon! But don’t forget it was the government that pushed banks to qualify people for large mortgages that they were not really able to pay for. We’ve have tulip bubbles, Silicone Valley bubbles, and real estate bubbles over the years. Right now we’re in the midst of a gold bubble, don’t you think?
This too shall pass.
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