I agree with you there. Peter's track record speaks for itself. Did any of these other clowns warn us of the meltdown? No. Why have him on if all you're going to do is rip on him? Peter was on a few days ago and he was treated much better but he's used to this stuff, he was literaly laughed at a few years ago on TV when he said the housing market was going to implode. We'll see who'll have the last laugh soon enough.
What is really puzzling and insulting to the crowd that does their own thinking, in which I include myself, is how condescendingly and mockingly these people discuss the fact that there isn't a better choice than the one they present, which is it's best if the American taxpayer bails out all these
PRIVATE entities. Not because the American taxpayer has approved such a decision, but because they say so. I wander where they're gonna hide when the companies start making record profits for their 40,000 shareholders while the remaining 100 million American souls are still paying for the bill every month.
I mean, if a company is leveraged 30 to 1 like these people are saying it's the average then they should not be in business. That is rampant capitalism at its worst. And then we wander why all these companies fail?
