J
Jessica
Guest
so whats up with the DOW and why is the government bailing these large corporation's out
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R
ronfschmidt
Guest
It is about time! Americans have lived off credit far too long. This vanity lifestyle could not last forever. The market only years ago was at 4000 currently around 11000. This was inflated revenue which inticed investors into risky behavior and that credit deregulation loophole has now been repealed. Throughout history these times have came and went. But to the real problem you and me. What are we doing right now? There is nothing productive going on. Can we really spend our time chatting? Are generation appears to be the most ungrateful most unproductive cohorts that has ever lived. Name a new invention. Tell me something that has not already been said. Turn on your radio or television I bet we are hearing the same message. We are not active in our community. We let others argue on our behalf. We give into fear. I am not cool unless I have Starbucks, Nike shoes, digital media, cell-phone, cable tv, ect. And look at the unhealtly people wanting fre medical. These folks can afford smoking, bad food or fast food, alcohol. Most never get there heart rate up on pupose, and they hardly exercise and these people want free everything. The gays next probably will organize and get a rainbow colored highway lane which straight people cannot use. They want insurance money that usually went to government treasuries as laws kept payouts from the biohazzardous "widower." The point being is that EVERYBODY feels they are entitled to something. Myself I believe that I am only entitled to WATER and my OPINION......
M
Marilyn R
Guest
Its too complicated and would take too long to get into. The gist is that the government allowed all sorts of deregulation, allowed financial firms to get into areas of finance that they probably should have stayed out of and there was no oversight. Mortgage companies bundled up potentially bad loans and sold the paper to other companies and often resold those because the real estate market was going up and up.
There is greed on ALL sides - Wall Street, the government, financial institutions and individuals who either bought more than they could afford and damn the consequences, full speed ahead.
There is greed on ALL sides - Wall Street, the government, financial institutions and individuals who either bought more than they could afford and damn the consequences, full speed ahead.