What could we do with the money we are wasting by throwing it into the financial sector of the economy? With these many billions, we could rebuild the rail system, we could retool Detroit, and the hundreds of towns that have manufacturing plants that feed Detroit. We could end the necessity for taking out loans for going to college and just make it free, we could repair every damned bridge that needs it in the whole country. Instead we are pouring into a rathole. The executives of the financial firms don't plan on losing much.
From MSNBC business section
"Even though the banking sector may be returning to normal, the economy still isn’t. The economy continues to face a host of other problems," said Doug Roberts, chief investment strategist at ChannelCapitalResearch.com. "We’re in for a tough ride."
. Well, we are in for something that goes beyond a "tough ride". We are going to be losing our houses, our insurance, our savings, our retirements and we are going to be in hock up to our elbows-but the banking sector will be back to normal.
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