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    Yes, the FDIC is bleeding red, but they are...

    Yes, the FDIC is bleeding red, but they are currently charging the solid banks dues through 2012, which will raise 45 billion dollars. Also, they have access to another 500 billion dollars at the...
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    Wow, truly amazing. The corruption on Wall...

    Wow, truly amazing. The corruption on Wall Street, now backed by our Government, is astounding. Market manipulation is alive and well and true regulation is nowhere in sight. I am not so sure...
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    I watched Roubini on Bloomberg the other day. He...

    I watched Roubini on Bloomberg the other day. He is no fan of Ben Bernanke. He said as long as the Fed keeps printing money and interest rates stay artificially low, the DOW may stay propped up...
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    Just finished reading a fascinating book called...

    Just finished reading a fascinating book called "Too Big To Fail' by New York Times financial reporter Andrew Ross Sorkin. It is an account of the build up to and the day by day events of last year's...
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    CAPMARK financial, one of the largest commercial...

    CAPMARK financial, one of the largest commercial real estate lenders, has just filed for Chapter 11. This used to be an arm of GMAC but was spun of some years ago. Bad commercial loans has just...
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    Red Z8 said it best last year not too long after...

    Red Z8 said it best last year not too long after this whole mess started. He simply stated that those who live within their means will be fine. Very phrophetic words indeed. The consumer who borrowed...
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    Looks like we are in for three more years of high...

    Looks like we are in for three more years of high rates of foreclosures. Very scary!
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    The FDIC is now officially in the red!!! They are...

    The FDIC is now officially in the red!!! They are going to stay there until at least 2012, according to the experts. They won't fail, it would cause complete chaos and instability, so the Fed will...
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    I agree with Andrew about paying off as much debt...

    I agree with Andrew about paying off as much debt as possible, starting with the highest interest loans "credit cards" and then going down the ladder. With interest rates as low as they are, you...
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    Be safe, be VERY safe. There is nothing...

    Be safe, be VERY safe. There is nothing substantial to back up the stock market rally and with unemployment at over 10%, GDP will NEVER get back to 5% plus per year. That is what we used to have. I...
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