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Wednesday, March 30, 2011

The continuing hidden CRE bailout imperils future economic growth.

The biggest silent financial bailout going on in the nation revolves around commercial real estate. Commercial real estate (CRE) values have plummeted $3 trillion from their peak in 2008. While residential real estate values peaked in 2006 CRE waited two more years before moving lower.

The Federal Reserve is once again saving the banks by printing up gobs of worthless paper notes and handing them to the Wall Street crooks. Of course this flood of worthless cash inflates the economy, drives the value of the dollars you already own and saved downward, which results in prices going up. So, in short, evil wizard and Chairman of the Federal Reserve Ben Voldemort waves his magic printing press and real wealth magically vanishes from your pockets and appears in the pockets of the bankers who created this mess in the first place with their mortgage-backed securities fraud.

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