Dr.Jackpot

Greenspan Yet Again Blames Others for Housing Bubble

At age 78 I am absolute irrevocable living proof that Greenspan's low (no) interest rate policy was and still is the greatest legal theft of all time. I entered my retirement with my life savings drawing what for years and years was considered reasonable interest returns on T bill, CD's, etc. As my retirement income steadily declined towards zero, low (no) interest rates fostered overspending by the young on all manner of purchases thereby driving up prices of homes, cars, food and about everything else. Banks had a field day on fees. Huge bonuses were paid to Wall Street clerks. It was if the Fed was saying to me----"You better buy stocks or we're gonna starve you out". And they could last longer than me. Who would complain? I wrote a letter to the Federal Reserve Board and received a reply that they realized my predicament but it "was for the good of the country". Since nobody has any sympathy for anyone who actually saved and 'has anything' my complaints have always fallen on deaf ears. Well, now the results are out and people are looking for the culprit. I think he's been found.

Scary Foreclosure Numbers, Scarier Prospects

It's time for social do-gooders to stop treating grown adults who gambled and lost like naughty children who need a second chance. Force these deadbeats to pay their mortgages or else and foreclosures will quickly subside when people understand their adult obligations. Two thirds are doing it just because others are doing it and they don't want to miss out. I bought stock that declined in value. Why can't I get a refund?