**NBC: More Bank Failures on the Way!!!!!!**

[ChristopherHall]

McCain's a puppet. He's decided to say what they tell him to say and do what they tell him to do. He sold out to the machine behind the RNC. McCain isn't his own man. All his policies are borrowed from Bush. He's not his own man.

[Pressing-On]

Originally Posted by ChristopherHall

McCain's a puppet. He's decided to say what they tell him to say and do what they tell him to do. He sold out to the machine behind the RNC.

Excuse me while I roll my eyes!

[DividedThigh]

Originally Posted by Pressing-On

Excuse me while I roll my eyes!

nice, lol,dt

[BrotherEastman]

Originally Posted by James Griffin

This will be a rough recession. The perfect storm is still about 20-30 years out.

Why 20-30 years? I asked you about this before, you haven't answered.

[Digging4Truth]

Jim Rogers On Bernanke, The Fed & Our Current Financial State

http://www.youtube.com/watch?v=lTXEWh2yT_g

[RandyWayne]

Just imagine if the Capital Gains tax was slashed in half combined with an aggressive push to tap a few more domestic oil wells..... We would find that the "recession" would end very quickly!

[originalsecretplace]

Are any of you angry at the greed and dishonesty that has caused the vast majority of these events?

Most Americans that I've talked to are not in favour of government intervention and all that. But to let these large institutions free reign to bring down the economy is just plain stupid.

I realize that some people get greedy and live beyond their means but we make people wear seltbelts while driving and have other laws in place to protect people. Why not have laws in place to prevent these institutions from taking advantage.

It's the little guys who get the short end of the stick in either case.

[Jack Shephard]

Originally Posted by ChristopherHall

My point was in relation to your previous comment regarding news media and people choosing who to believe. You had mentioned Fox News as being a more positive and conservative voice in the news media. I wanted to just make note that it was deregulation of the banking and securities industry, supported by conservatives, that has allowed this leaven to do the damage it has.

Agreed. My original comment was to state that now it seems the more conservative media is looking at the economy in a good light. It might be tied to covering their buns cause they helped to get us into this situation in the first place. But it might be because they see the economy as trending stronger than some of the more liberal media. I personally think the economy is in a tight spot, but not as bad as some let on to be.

[RandyWayne]

Originally Posted by originalsecretplace

Are any of you angry at the greed and dishonesty that has caused the vast majority of these events?

Most Americans that I've talked to are not in favour of government intervention and all that. But to let these large institutions free reign to bring down the economy is just plain stupid.

I realize that some people get greedy and live beyond their means but we make people wear seltbelts while driving and have other laws in place to protect people. Why not have laws in place to prevent these institutions from taking advantage.

It's the little guys who get the short end of the stick in either case.

First off, I do agree that there has been a lot of predatory-type lending on the part of many or most mortgage companies. While it always existed ever since the first bank came into being, the bulk started in the 90's as HUD rules forced Real Estate and mortgage banks to advertise and serve everyone -to the point where it was considered discriminatory for a billboard showing high end house to be placed an in affluent neighborhood unless it was also displayed in the slums somewhere. When this happened, lo and behold, business increased! The rapid rise in home prices allowed banks to lend to ANYONE, regardless of their credit history. Now we have people defaulting on ARM loans that have not even adjusted to their higher payments. Do THESE people need to be bailed out?

I agree that the banks share much fault... but the "little man" who cannot even make his LOWER payment (and should have been denied a loan in the first place) is equally to blame. Then there are all the idiots who trash their homes before moving out..... We have seen PLENTY of these since were currently house hunting in the Phoenix valley right now.

One last thing. Who has more power to bring down the country? The banks somehow "working together" or the government?

[RandyWayne]

Originally Posted by JTULLOCK

Agreed. My original comment was to state that now it seems the more conservative media is looking at the economy in a good light. It might be tied to covering their buns cause they helped to get us into this situation in the first place. But it might be because they see the economy as trending stronger than some of the more liberal media. I personally think the economy is in a tight spot, but not as bad as some let on to be.

Can you imagine how much this economy would have been talked UP had a democrat been in office the past 4 years?