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I am watching retail fall already. Just look at some west coast stores. Mervyns is blowing out all merchandise and will close shop by Christmas. Linens and things going poof, so forth. No handouts for them.
What pisses me off right now is I learned that some banks are being offered millions not because of bad debts but just because the government is offering it. One local bank got 17 million, they just have to start paying it back in a few years and oh ya- give the government 5% of the profit they make per year off of it. I am just thankful that the bank I use and invest in turned them down and said no thanks we do not need the money.
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