Originally Posted by Ronnocomot

Some folks don't see a problem at all.

Originally Posted by stranger

This whole thing smells funny to me. How is it that all these companies just happen to be going under at the same time?

If you have 25 companies in the same business that happens to turn sour, they are not all going to go out of business at once, so why is it that all the financial institutions are at death's door at one time.

Questions I have. If the government buys bad/forclosed mortgages, then who are they going to sell them to, which is the explanation as to how this may not cost as much as is stated. There are more houses than there are people to live in them. If this is not the case, where are all the people living who let their house go back. There are sub-divisions not too far from me that are almost empty, but I don't see families living on the street, so there must be shelter for them somewhere.

Many people had two or three houses. Many houses, especially in Florida, are owned by Europeans who rent them as vacation homes. Again I ask, if there are more homes that people to buy, who will do the buying!!

I watched an interview on CNBC this week where a middle eastern oil sheik stated he would not put any money in the US stock market, but he was going to buy hard US real estate. This made me think about all this rush to bail out.

Is the government going to take all the forclosed properties and sell them to foreign investors? It sounds that way. Maybe that is the rush. Get the deal done before the real truth comes out.

This thing came to a head too fast. There have been too many unusual things going on in the economy, such as the sudden jump in crude, the refusal to close the borders, laws enacted to shield big business, but hurt average Joe, jobs leaving our country in droves due to NAFTA, CAFTA, and a rush to the Asian markets for goods. Let us not forget about no energy plan for our country at all. Just import more, and send all our money to our enemies.

It looks as if every move that has been made in the last 10-20 years has been done with the sole intention of taking this country down and giving it over to others. This may not be the case, everything may have been done for nothing more that selfish greed. The type of greed that has the attitude of I want mine now, let someone else worry about tomorrow, for I have enough for me no matter what happens.

I'm signing off for a few minutes. I have some heavy duty Reynolds Wrap aluminum foil in the kitchen. The hat I have now is made out of the regular stuff, and is not offering adequate protection.