It's high time we had an actual financial panic in this country.In 1987, there was an honest-to-goodness panic for liquidity; people were selling any financial asset to raise cash.We need this kind of thing from time to time, to clean out the system. For example, to eliminate subprime borrowers, and the 4ssholes creating phony "hedge funds" to allegedly profit by trading this nonsense. Goodbye. Gone.There is an entire generation walking around out there who have never actually seen a real financial crisis - young people, in positions of high responsibility, who think that charging 2 and 20 is, well, normal. Like this fictional "2 and 20" world of insane banking leverage and "$9 cups of coffee" is going to last. Ha ha! Edit: spelling
Last edited by PaperCut
on August 11th, 2007, 10:00 pm, edited 1 time in total.