People. quit doing the oh poor me mainstreet taxpayer. YOU were just as responsible!! quit always trying to be the victim. YOU joe homeower were the stupid and greedy that took out foolish loans and bought houses with no money down. Wallstreet was the enabler and not absent of reponsibility. Drug pusher(banks)and drug addict(consumer) . its just that simple. DEAL WITH IT. ! (its better than 650b for a war)
Keep wasting your time and energy my friends discussing which political party or individual is screwing it up. As long as lobbyist, PAC, campaign contributions exist,. YOU dont mean shit to elected officials. Big corp runs this country. Thats the way it is. And to the everyone whining about what it cost to the taxpayer. Sorry. You the taxpayer or did i mean the credit junkie, are just as responsible. You the taxpayer are the junkie. wallstreet was the pusher. Deal with it and quit thinking your always the poor victim. I sold my house to rent in 05 when i told my agent the market was a bubble. I was told i was smoking something. I should be bitchin. Im not. Ill pay my fair share. I share your frustrations above in only that i as an investor would like to know how this wont happen again. Id start with getting rid of stock options as a form of compensation. Thats the root of it.. oh no that wont happen since the recipients (CEOs) with the most money are the ones greasin the lawmakers.. Only in America. Best of luck to all!
A Resolution Trust Corp. 'Solution'? [View article]
agreed "lopal"... im hearing this 2 week crap with congress. No. Some banks may not have 2 days!! They need to understand the sense of urgency. there is a time to pull an all nighter and then there is not. .. and speaking of f*ckin around... Chris Cox get off your ass. The rest of the world is thinkin outside the box. your "pondering" change. Move buddy! Short sellers without a doubt have a purpose. Not now. Not until order is restored.
A Resolution Trust Corp. 'Solution'? [View article]
Hey newsflash....'taxpayer... who are bitching about this being dumped on them??? Guess what. You were just as much a cause for the problem since 80% percent of the country is financially stupid and greedy. Wall street was just the "great enabler" as they always are. I dont want to hear you the taxpayer are the poor innocent victim. Yea it sucks for the people that are financially literate but i look at it as though at least were help our cause and not 200 b for a war that nobody cares. Good luck all!!
Lehman Bankrupt, Merrill Swallowed, AIG Wilting: What It All Means [View article]
"you can call me al" GREAT comment but ya missed it on #2 "crude is low because the economy is tanking" Don't think so. Crude is low because every speculator finally realized that no asset in the world goes up in and endless fashion. That no matter what the mainstream media told you it was never about supply and demand.Well maybe a little... Funny were trying to fix something that was partly or largely due to speculators and we still cant figure out when they are a main factor in regards to a parabolic asset appreciation and when not.
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