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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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The bright side of the stockmarket collapse
At least your Social Security money was not used to "play with
stocks", as Bush and McCain wanted. In 2006, McCain voted for the Social Security Reserve Fund. The proposal would shift Social Securitys annual surpluses into a reserve account that would be converted into risky private accounts. [SCR 83, Vote #68, 3/16/06; SCR 83, Vote #68, 3/16/06] By the way, the real issue with banks is that they have negative equity due to fall in values of the securities that they hold (mortgages) and high leverage. So they are insolvent, in more simple terms. Lending to them would not address this as it would not increase their equity. While the authorities are not saying word "insolvent" for obvious reasons, they realized it and are considering giving money to these insolvent banks to make them not insolvent. -- Due to extreme spam originating from Google Groups, and their inattention to spammers, I and many others block all articles originating from Google Groups. If you want your postings to be seen by more readers you will need to find a different means of posting on Usenet. http://improve-usenet.org/ |
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On the bright side | Woodworking |