Dubai World over-reaction, Ben Bernanke Op Ed
Posted by admin · 25 Comments
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Originally posted 2009-12-31 23:18:16.
You did not understand my reply the congress set the rates for freddie and fannie taking the decisions out of the hands of bankers who know better.
very original
I don’t think it’s an overreaction. I would keep away from Dubai. It was known a long time ago that Dubai was going down. There was news of people abandoning their cars at the airport about 6 months ago. The property is worth very little because the land mass is very small. Dubai invested its money in becoming the entertainment and financial center of the ME and the world.
Schiff, You need to go back to Econ 101. China is investing in infrastructure and new industry, e.g., solar panels.
No, freddy and fannie did NOT cause the recent financial crisis, nor did they cause the housing bubble.
For someone who says they are not brain washed, you sound a hell of alot like those idiots who are.
I know you didn’t come to your conclusions on your own, based on your own evaluation of the facts, your repeating what you heard, you were brain washed.
Those people lied to you because they think your stupid, looks like they were right