Stiglitz says too big to fail banks are even bigger and that the problems are worse than they were before the crisis.

If much more is stolen nobody will have any money to be consumers so I hope so.

Other option is that this is a suckers rally and its all going to fall apart.

Hoepfully there is movement on new rules and regulations starting this year on Jan-2010. If not the next bubble pop will be that last.

The crisis is over for Goldman, Sachs employees, that’s for sure. Maybe not for the rest of us.

GRITtv Live: Is the Economic Storm Over?

no, not even close, see post number one, you have things like bank of america, FAR too big to fail and now it’s even bigger

you do NOT have help wanted job signs and this is NOT a recovery untill we put people back to work with living wage jobs

“slowing the rate of job loss” is not a turn around, you can only lose so many jobs and when you reach bottom doesn’t mean you turned around it just means you have very little more to lose

here’s what will indicate a turn around in our economy;

gainful “help wanted signs’

people retiring in the economic comfort they lived when they worked

more mom and pop shops

fewer profits being made via over seas investment

products being made here by a healthy and well payed labor force.

and a bunch of other things but these economists are using their investment culture to tell them whether or not our economy has turned around, an invvestment culture produces nothing but the promise of future value and that is ponzi

Why are there no blogs about the recent ACORN news on FDL?

If congress fails to act and change the rules, then we will go thru crashes over and over. FDR and his congress came up with some rules that prevented the very worst from happening. It was Clinton who signed the bill that allowed the banks to go back to their wildcat ways, within 10 years we got the most massive crash since 1929. While you can blame Sen Graham of Tx for starting the deregulation craze, Clinton did sign the bill. We can also blame the Bush SEC for mal and mis feasance along with the last Bush T.Sec, I think that both parties are to blame. Call it the lure of easy money, the corruption of congress has members of both parties firmly in its grasp.