Jun 3, 2009

By The Way...

The real financial meltdown hasn't even hit yet.

Wells Fargo is going down.

ARM and Type A loans are going to hit the shit fan later this summer. Rich people's houses. Turns out there's more fake money wrapped up in that nonsense that all those subprime poor people loans.

2 comments:

Anonymous said...

"Fake money"? What? Do you understand this at all, or do you just envision a bunch of rich white Republicans running their fingers over their slimy mustaches in their mahogany brandy rooms, and assume they're just randomly looting and making up currency to their heart's content?

Good God...

Anonymous said...

Anonymous jackass, your economic ignorance is plain to see. A lot of our financial system is "fake money." The vast majority of the USA's money doesn't exist except in bank computers.