Comments on: Economic downturn a myth? http://blogs.ink19.com/truthtopower/archives/6187 the strong do as they wish, and the weak suffer as they must Sun, 12 Feb 2012 12:41:05 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: fbenario http://blogs.ink19.com/truthtopower/archives/6187/comment-page-1#comment-10148 fbenario Tue, 16 Dec 2008 13:24:47 +0000 http://blogs.ink19.com/truthtopower/?p=6187#comment-10148 Well, the economic downturn certainly exists, so that's not a myth. What obviously IS a myth, though, is the same myth we were force-fed back in mid-September with the first "bailout" - that it was necessary to save us. What should have happened is for all credit default swaps to be canceled and let weak institutions go under, so that those instruments cause no more trouble in the future. Well, the economic downturn certainly exists, so that’s not a myth. What obviously IS a myth, though, is the same myth we were force-fed back in mid-September with the first “bailout” – that it was necessary to save us. What should have happened is for all credit default swaps to be canceled and let weak institutions go under, so that those instruments cause no more trouble in the future.

]]> By: James Mann http://blogs.ink19.com/truthtopower/archives/6187/comment-page-1#comment-10147 James Mann Tue, 16 Dec 2008 12:22:18 +0000 http://blogs.ink19.com/truthtopower/?p=6187#comment-10147 well, there is that. well, there is that.

]]> By: Yoshi http://blogs.ink19.com/truthtopower/archives/6187/comment-page-1#comment-10145 Yoshi Tue, 16 Dec 2008 12:11:23 +0000 http://blogs.ink19.com/truthtopower/?p=6187#comment-10145 where did the money go? um, it never existed. between mark-to-market accounting practices (see also, Enron) and generally inflated net worths on balance sheets, it never existed. so when you read or hear about Madoff and the question of how $50 billion dollars could "disappear", realize that most of that $50 billion never existed in the first place. where did the money go?

um, it never existed. between mark-to-market accounting practices (see also, Enron) and generally inflated net worths on balance sheets, it never existed.

so when you read or hear about Madoff and the question of how $50 billion dollars could “disappear”, realize that most of that $50 billion never existed in the first place.

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