RWCMom

The Virtue of the Republic

Yes, 20% down on mortgages (& car loans) is good but the bankers were too greedy to live with that so they come up with zero down, ARMs and anything else to part uneducated folks from their money. Perhaps if they would lend some of that money at 10% to credit card holders instead of 20%, the other 10% could be spent on real goods made by real Americans instead of lining the pockets of VISA. Quit making the Feds to be the bad guys; bankers do this to themselves and I am tired of hearing them cry wolf.

AIG Downgrades Should Create an Endgame

All I have to say is that no financial company should recieve any government aid until top financial officers agree to forgo any compensation (cash or other benefits) over $1M per year (IRS "reasonable comp" base). They each have plenty in their bank accounts, retirement accounts, property, insurance to cover their "necessities". Let them reap what they have sown.