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“Nothing is getting much better, other than the money that went to the top of the system, the bailouts for the too-big-to-fails. They’re making it appear as though there’s a recovery.”
Celente says foreclosures are only going to get worse and sees much worse times ahead as the stimulus runs out. On financial reform, he believes politicians must re-institute aggressive legislation, like the Glass Steagle Act, to fix the problem and get meaningful reform, but doesn’t believe they will do that.
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