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 Bank Bailout Reality

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Thump

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Posts : 2719
Join date : 2008-05-13
Location : Central Florida

PostSubject: Bank Bailout Reality   Mon Mar 23, 2009 1:19 pm

I was against the first one under Bush, where they bailed out AIG and I'm against this one under Obama.
They seem to have locked in on the wrong problem, screw the banks.
Whether the banks are strong or not, the economy's is in a dire situation and making
the banks stronger isn't going to help.

I stole a story from a page with a video on the left, it's hard to concentrate on a
problem with someone talking about it, just look at the facts.
The Article Reproduced by me

Thump
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rockhump

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Posts : 1537
Join date : 2008-05-16

PostSubject: Bank Bailout Reality   Tue Mar 24, 2009 6:45 am

Good write up.. The markets cheered the latest salvo yesterday but it may be short lived. I agree that the current unemployment numbers and the already over levered consumer will be a problem for many months if not yrs. Long term that's probably a good thing as people can't continue running up massive personal debt. Personal credit card repayment defaults will be the next shoe to drop. Just my 2 cents..
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