The Great Depression Part II Options

[fameONE]

Is another Great Depression right around the corner for the American economy? Considering two investment bank powerhouses (Morgan Stanley and Goldman Sachs)have become bank holding companies in order for a financial backing from the Federal Reserve (this is a really big deal), should we be concerned? Also, take into consideration Bush's bailouts and his $700 billion dollar plan to 'save the banks,' do you think we're in deep shit?

Debate.

[DoubleJ]

I mean to be honest, I think that the economy has never recovered after 9-11. The recent events with these banks, has just shown us that the big wigs were sweeping shit under the rug the whole time. Working at Goldman for 5 years, I can tell you, that I saw this coming, and it was more evident this week than any. My friend who still works there, told me about how they stopped overtime for contingents, and were giving the whole NY campus pizza among other things.

While some of you may be like wtf pizza, what does that have to do with anything....whenever there is pizza at gs, that usually means something big is about to happen. Brandon is right when he says that other countries will not want to touch us, now that our markets are basically nill. Those optimists on the markets, will continue to try to feed us bullshit, but the truth is, that if you don't educate yourself on what is going on, then you will get caught up in the upcoming storm of this economy.