A Fool Looks Back

• Report this Comment On November 30, 2008, at 2:17 AM, Dadw5boys wrote:

  Since jobs depend on the world market recovery as much as internal recovery the USA much support at least on International Finalcial Firm that can provide support to American Bussiness overseas and well as the dollar.

  Why is no one constantly screaming about no one from Country Wide going to jail with all the Collusion and Fraud in the overvalued loans the marketed at AAA+ paper ?

  Is it because the CEO of Country Wide that started this mess and bailed out with Billions is a buddy of G.W. Bush ?

  Spitzer was gunning for Country Wide when the Bush adminstration got him away from wall street.

  That is the way the Wolrd Bank operates in South America. If a political figure is in thier way they move him or remove him permenately.

• Report this Comment On November 30, 2008, at 4:14 AM, Sergio80 wrote:

  Job creation is about one word

  Confidence

  Without confidence the avg human being isnt going to spend. If he doesnt spend than there is no cash floating through his hand and into the retail coffers. The employees are not needed, the goods sit unused and everyone loses.

  Its a chain cycle that begins with panic.

  When the banks got greedy confidence was high...values were soaring...everyone was sure they could reinvent the wheel and become a real estate developer and churn out cheap houses....

  Banks lent money to as many people as they could find to gain as much market share on stable sources of income....they took more risks because the artificial values played into future calculations and showed risk to be minimal if the loans defaulted.

  By demand falling off and brand new homes sitting empty confidence quickly fell....greed had gottent the best of everyone and taken along even those who were just trying to make a living

  Values plummet, cash dries up and jobs are lost...panic sets in...the firesale begins

  The way out is a stable financial sector that can rebuild confidence in the fellow American....I doubt the developers wanted to create a situation where there were too many homes being built for the demand.....I doubt banks wanted to contribute to soaring home values and rampant speculation...but when easy money is available people will bite

  Trying to blame any one single person would not only be a little unfair but also a litte too much credit...

  It takes a village and unfortunately we all have to suck it up for those who made bad judgement calls...

  Oh and the "bailout" is more of a structured loan backed by American land/homes....not exactly thin air....they are appreciating assets that will not only pay back the loan but may even provide a surplus

  Allowing the banks to loan out money instead of owning land is the smart thing to do for all of us...the more money we have to keep business flowing the better

• Report this Comment On November 30, 2008, at 8:53 AM, rev1912 wrote:

  When the DEMS put the fairness doctrine back in place SIRI will take off ! It will be the only place besides the internet to get non-watered down news.IF YOU THINK THE FAIRNESS DOCTRINE IS NOT GOING TO RETURN,IT WILL BE ATTACHED TO THE FIRST BUDGET APPS OF THE NEW ADMIN!

• Report this Comment On November 30, 2008, at 7:21 PM, snakeflake wrote:

  As I understand it, and I may be wrong, the fairness doctrine just gives equal time to opposing views. That means there will be a Rush Limbaugh channel and an Al Fraken Channel. I see nothing wrong with that. You would have twice the listeners. But, If I am wrong about the fairness doctrine, someone please enlighten me. I own shares in Sirius and would like to see it succeed.

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