fasttense
(1000+ posts)
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Mon Jan-21-08 05:22 PM
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Let's see, we have the housing market in the tank.
Home foreclosures are out the roof.
Home equity loans are tapped to the max and defaulting.
Credit card payments are falling further and further behind.
We are having a slow motion run on the banks.
America, the largest consumer market in the world, has cut back on purchases.
Stock prices are tanking.
Stock insurers are going bankrupt and taking the bond market with them.
And... the government's solution is....give a few hundred buck back to the tax payer. No wonder everyone is skeptical.
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