know nothing

Wall Street Breakfast: Must-Know News

Point taken, thank you for your insight! You are right.


On Feb 03 10:03 AM auto44 wrote:

> Know nothing, YOU MAKE SOME GOOD POINTS BUT YOUR FIRST STATEMENT
> IS OUT OF LINE. It leads one to believe you are the only person in
> the country that knows anything and have a total grasp on the entire
> situation. No one is that smart and all knowing. Don't blame you
> for being angry, the congress has failed for so many years to act
> responsibily and protect and defend us. To busy pointing fingers
> at everyone else.

Wall Street Breakfast: Must-Know News

You don't have a clue whats going on in this country and neither do the american people, if they did there would be a revolution.
Look who's uttering the "D" word, Merill Lynch, Donald Trump to name a few. These people are not doom and gloomers, they have the most to lose.
With trillions of taxpayer dollars being spent to bailout wall street,banks and the worlds largest insurance company(A I G) TARP is a massive Gov't subsidy of the financial sector for their greed and incopmetence that caused the economic collapse in the first place. The wall street, bank and insurance co bail out with taxpayer money, is really taxation witout representation,and theres no end in sight.
The big firm layoffs are just the tip of the iceberg, there are other firms beneath them that will layoff just as quick or quicker. Most people are one job away from losing everything. People are over their heads with home equity loans, lines of credit, and credit cards.
Itg's estimated that 150000 retail store will shut down this year. Creating Ghost malls. This will lead to massive commerical loan defaults,the commercial realestate market is way over leveraged, much more than the residential realestate market.
Tourism creates 17 million jobs each year in the motel and lodging sector, expect massive layoffs in this sector yet this year.Then more loan defaults in this sector as well.

We are seeing a takeover in free enterprise in america, nationalized banking, the financial meltdown is a global meltdown.Riots in Iceland Latvia, Lithuania, Greece! This is just the begning. The whole face of america has changed " We the people" Now own the largest insurance company in the world, we own pieces of banks, we own auto companys,we own the largest mortgage companys.,
Some call it socialism, some call it fascism, the only thing you can't call whats going on in the United States is free market enterprise! It's a takeover, and the gov't will keep asking the to small to save for more and more.