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introducing clip-to-blog

 The easiest way to blog the interesting things you find on the web.
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clipped from www.greaterfool.ca

The greatest bubble economy in history is popping. Trillions of dollars are still sitting on the books of financial institutions in assets which are worthless, or nearly so. The odds of surviving that are slim for many of them. Without government bailouts, today the American banking system – and its auto industry, including three million jobs – would be gone. Sadly, that may still happen. Meanwhile every week Canadians are losing money in home equity, while unemployment rises and corporations shutter. It’s the greatest loss of wealth in a generation.

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