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Old 09-18-2008, 03:49 PM   #1 (permalink)
I vote for DERF!
 
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Good article on the market situation

Good summary and simplified article:

http://www.cnn.com/2008/POLITICS/09/...eet/index.html
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Old 09-18-2008, 08:21 PM   #2 (permalink)
 
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Re: Good article on the market situation

This is an awesome article- it really puts things into perspective. On the morning news, they were interviewing some financial people. One of the guests said, if the government would lower to 4 7/8%, the housing crisis would be over.

The country is in a terrible position, but I don't think the taxpayers should bear the burden of the lender's greed.
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Old 09-18-2008, 08:38 PM   #3 (permalink)
I vote for DERF!
 
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Re: Good article on the market situation

The government bail-outs are in no way a punishment and really saviors of the firms.

"Dont worry fellows, we will buy low, sell high and the government will come a long to clean our mess up. Either way, I am getting a new yacht."
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