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5 Comments
The Main Street - Wall Street Bout, Round Two [view article]
Politicians don't get, or don't want to admit, that this is not a bail out of wallstreet but rather the American people who have been hurt by other Americans who did not live up to their obligations and pay their debts. These low-lifes are costing the majority of honest Americans significant percentages of our life's savings because they have failed to pay back the debt they promised to repay.The bailout/rescue plan needs to take steps to protect honest Americans and at the same time ensure that those who did not meet their obligations can never again get a loan! Regulation is needed to set lending standards. I don't want to hear in the future that some poor person, or population segment, is not able to achieve the American dream. They've proved they don't deserve it by not repaying their loans and now the rest of us are paying the price!
Call it what it is!
Oct 01 09:00 AM
Bringing in the FDIC to Bail Out the Bailout [view article]
Not really relavant to the cause of the mortgage failures. It wasn't people who have $100K in the bank that did not pay their mortgages and cause the financial mess we are in.Politicians don't get, or don't want to admit, that this is not a bail out of wallstreet but rather the American people who have been hurt by other Americans who did not live up to their obligations and pay their debts. These low-lifes are costing the majority of honest Americans significant percentages of our life's savings because they have failed to pay back the debt they promised to repay.
The bailout/rescue plan needs to take steps to protect honest Americans and at the same time ensure that those who did not meet their obligations can never again get a loan! Regulation is needed to set lending standards. I don't want to hear in the future that some poor person, or population segment, is not able to achieve the American dream. They've proved they don't deserve it by not repaying their loans and now the rest of us are paying the price!
Call it what it is!
Oct 01 08:56 AM
In Spite of Rally, Financials Not yet out of the Woods [view article]
I really don't see the point of either the post or the above comment. Look like "Talking Heads".. Perhaps a little "look at me" syndrome? Jul 10 08:06 AMThe Housing Crisis: Personal Responsibility and Wishful Thinking [view article]
Thanks for telling it like it is. The root of the majority problem is people borrowed more than they could afford and lenders provided funds to people that did not qualify and could not pay it back. Standard unethical behaviors driven by greed and to some extent an entitlement mentality. Apr 16 08:11 AMIn Defense of Jim Cramer on Bear Stearns [view article]
When watching the show and knowing that Bear is a brokerage I thought the question related to keeping his money in the brokerage account. I do think that Jim should be aware that a lot of people who watch him do so because they may not be so aware and he should have been clearer potentially in his comment.I also think that if you're concerned about your 200 shares in any financial institution you should probably sell it and put it somewhere safer for the time being. This message is at least 6 months old now. Mar 18 09:22 AM