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(The Year 2012 In Review)
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|User Info||Fed: But Ponzis NEVER Run Out Of Suckers!; entered at 2012-06-19 12:03:39|
Mdporter you are talking about part of the problem. WHen the meltdown hit the banks suddenly returned to sound banking practices (ok somewhat returned) but the result is that many now can't get a loan because it is unsound to give them one. What this is going is that only by getting people who are a sound risk AND those that are an unsound risk to borrow money can they ever hope to reinflate the bubble. The group of sound borrowers by themselves are simply not a large enough group to make it happen.|
Thus, I do think we are past the point of no return on this ponzi. There simply are not enough of new empty bag holder or greater fools to keep it going.