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Old 12-11-2008, 09:28 AM   #1
Humble Janitor
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Default Dollar devaluation in the mainstream

http://www.forbes.com/finance/invest...rss_popstories

Quote:
A quick dollar devaluation would work wonders for submerged borrowers. Don't kid yourself: It could happen.

What began as government social tinkering--with implied threats to banks and mortgage companies to extend home loans to even the most marginal of borrowers--led to a greed-blinded mortgage banking business and the meltdown we are experiencing today. Now we are asked by the same congressional leadership to go along with taxpayer-funded bailouts of the very banksters who, while making millions, created the mess.
Damn, so they're starting to slip this into the mainstream? An experiment of sorts?
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