2009-04-19doctorhousingbubble.com

"The stock market at least in its current form is a horrible indicator of the actual economic carnage falling upon the majority of Americans. Most Americans are witnessing the current rally and wondering why the massive run up (largely in financial related stocks) is going forward while they are getting called into supervisor offices behind closed doors and being laid off or seeing their hours cut back. Wall Street has completely disconnected from Main Street. It is also hard for many to understand how they are having their limited income being taxed to finance the bailouts of Wall Street and financial cronies while they are asked to do more with less."



Comments:

tvsterling at 09:33 2009-04-20 said:
We are never going to stop this government/ financier combine. Our chance to break up these superbanks & end their death grip on the country is slipping away forever. Obama has ducked out into foreign policy games; the last refuge of a chicken president. Congress is mystified & scared to act. You can kiss the American Dream goodbye. Permalink
mortgagemess at 18:59 2009-04-20 said:
The reality is how hard would it be for you, as a consumer, if someone came in and PAID OFF your worst debt and left you in a financial position where you owed nothing? Hey things would only be going up from that point on.

Well, ITS THE SAME FOR THE BANK..Uncle Sam gave the banks a "subprime" loan, no documentation, no proof of your ability to pay it back and at a rate they could qualify for and with them having "poor" credit. So the reality is the banks HAVE to be in a better position. Wouldn't you? Permalink

add a comment | go to forum thread