Bank of America to buy Countrywide
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#1 Jan 11, 2008
Hope they know what their doing. Seems pretty risky.
#2 Jan 15, 2008
The Debt is "parked offshore" in Hedge Funds and it will not show up until our Elected President gets into office, in 2009,--that is the plan! Got it! CNBC stated clearly the other shoe has not dropped in this case of Corporate Abuse in 12/2007. Merrill Lynch thought they can give out huge bonuses to their executives without a Stockholder revolt [Hush Money]--the stockholders are screaming bloody murder as the Market falls. And the Press is very quiet on the volatile Market. This all follows the pathetic Christmas Retail Revenues in December---which everyone was in denial about, after the huge loses in the Housing Industry earlier in the year, which gauges the up and coming year, 2008. Hold onto your bootstraps! This Ride is just beginning, and will worse than the 1987 Market Crash, S&L Scandal [Keating Five], LTCM, and Enron rolled up into one.
#3 Jan 15, 2008
Most interesting. Our Democracy is based on a revolutionary concept. INDIVICUAL RESONSIBILITY.
How is it that High School graduates do not understand nor how to apply basic "readin' and ritin'" skills?$500,000,000 or half a Trillion is spent to prepare 18 year old adults a platform in the way of life.
A person that spends next months wages on the "come line at the crap table" thinking "I will double my money in one throw" is not prepared for life.
I see these ARM's as snake-oil salesmanship. These sales 'provokers' have been in existence for at least 4000 years.
The old GOLD standard for money would eliminate much of the Snake-Oil salesmen. Todays platform of life will not, can not go back to the GOLD. We are who we are. Adults must be able to apply basic school'in. Apparently money-academia does not buy SMART.
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