bobbobwhite

The Mortgage Meltdown: Is the Other Shoe About to Drop?

"The gift that keeps on giving"......... I am sure that places like Hallmark, with it's Pollyanna feelgood phrases of eternal optimism, never in a million years saw this crisis coming. But, the rest of us...........where were our heads?

This recently exposed recession/depression will surely either clear out the vast debris clog of, at best, fiscal irresponsibility, and at worst purposeful criminal activity. If not, the abject failure of well-paid Wall Street financial houses will lead our way downward toward total system failure.

My best clue to what will happen is.... after all that bailout/handout money, nothing is getting any better. The vast infusion of taxpayer dollars to failed banks has done no perceptible good, as all it is seemingly accomplishing is encouraging the undeserving recipients to unashamedly ask for even more. And, the worst of it is....not one word has been spoken by the gov't about helping all the very responsible people who helped build this country get back what they lost in their retirement accounts through no fault of their own. That is a travesty!

Has the last shoe fallen? I do not think so. Not even close.