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Bernanke and his cronies announced that the US will need another bailout yesterday!
Unbelievably, the hooked on debt Wall St junkies reacted to this as positive news. The Dow rallied and gained 4oo points.
The best definition I can come up with of what is going on here is, "paying your mortgage with your credit card, and then borrowing more money from a loan shark to make the payments on that credit card".
Seriously, you just couldn't make this shit up.
Unbelievably, the hooked on debt Wall St junkies reacted to this as positive news. The Dow rallied and gained 4oo points.
The best definition I can come up with of what is going on here is, "paying your mortgage with your credit card, and then borrowing more money from a loan shark to make the payments on that credit card".
Seriously, you just couldn't make this shit up.
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