When you wanna fix the economy, it works but short term. Fundamentals always prevails. Always :-) Today we saw Freddie and Fannie shares tumble with 18% + . Lehman is 10% under water too.
And what they want? - More regulations. More money printing.
I am happy I am not US taxpayer. Because is the taxpayer who will help failing banks and after that the bank will skins the taxpayer ;-)
Yesterday I meet a friend and we spoke - You can not go to a restaurant, eat, drink and finally when time come to pay to say - "have no money". Well if you have no money - go to wash some plates. - This is what happen in USA.
I say - Regulations can not help American people - they help only Bernanke fruends - big banks.
Buy gold while is still cheap. Gold going to at least $1,200 next 2-3 months.
http://biz.yahoo.com/ap/080710/financial_overhaul.html
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