On Sun, Sep 28, 2008 at 2:47 PM, Michael Madigan <[EMAIL PROTECTED]> wrote: > How the Wall Street Crisis could have been avoided. > > http://www.youtube.com/watch?v=_MGT_cSi7Rs > > ************************************************************************ ------------------------------------------------
The problem still is here. People have an opinion as to the VALUE of property, and felt obligated to step up to a higher lifestyle via Real Estate. Just like the Dot Gone bubble. People considered long term investments like buying and selling short term stocks. Now they don't want to PAY for a current asset that will appreciate slowly, so everyone wants to dump that purchase. Oh yeah they also could get in for < 1% ???? Come on! This is why we have a glut of repo homes out there. People had little invested so they dumped it and will take the "bad credit/bankrupt" classification for the short run. I am glad to see that there are stipulations to money in this bail out, and it will not just be a bailout for the investment banker whose last year bonus was in the 200,000 USD range. I am going to a wedding this weekend where two of those money whores are tyeing the knot. I may get some juicy insight to their present predicmundt. -- Stephen Russell Sr. Production Systems Programmer Mimeo.com Memphis TN 901.246-0159 _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
