Pauly B

Assets and Capital: The Two Major Issues in this Crisis

As William F Buckley said once, "If I were to be judged I would take the first 500 people out of the Boston phone book to judge me rather than the first 500 out of any Ivy League school. These Ivy league hotshots on Wallstreet and in Congress ruined it for all of us.

I am out on main street, pay my bills, balance my checkbook, put 20% down on my first home, and keep within my within my budget. I question what the heck happened to my country.

With the printing presses now running our currency will take a nose dive, and counter-party risk is gone. The next bailouts will be commercial loans and credit cards. Oh ya, I forgot, price controls are the next likely solution.