What Caused Things to Come Undone?

If you bought clothes that unraveled after wearing them for a short time who would you blame? I can just see the excuses, it was the store clerk,the truck driver,climate change,He did it She did it, c,mon lets knock it off, we all know who caused it to come undone... The Tailer. Where,s the Tailer right now,he,s coming up with some new clothes, hope you don,t mind a few patches here and there.

Question? Why is an Ex Fed Governor making a case to KEEP credit and overspending going-he's preaching inflation, here. Are you listening? Why would we prop up overpriced homes that people CANNOT AFFORD-and will NOT BE able to borrow against with tightening credit standards-doesn't make sense. They are trying to save a credit system here kids, BUT it is not ours. 1. U.S. unemployment up and rising 2. Credit standards tightened 3. Wages and fixed income flat or declining His case DOES NOT MAKE SENSE.

Alexis- You're the best! Please have Bob Barr on for an interview to give his answers to the problems we face today - answers the people have not been able to hear on account of his being denied access to the debates. The debate commission itself is the "Bipartisan" commission on same. I attended a dinner and speech with Mr. Barr last week at UF in Gainesville. I can attest to his depth of knowledge and steadfastness of purpose to return our country to its intended design of operation. I also recommended to him at dinner that he check out your programs and see if he didn't think you would give him thorough and intellectually honest treatment. I hope you will give him a chance.

Why doesn't someone point out that while the table was set for this to happen a long time ago, it wasn't until Barney Frank and Chris Dodd started pushing Freddie and Fannie to make all these "no income" loans and other shakey-jake sub-prime loans. It was the marxist who wanted fairness in home ownership and pushed for these exspansions of loans. Now they have the guts to refer to this as "The Bush bail-out". GICVE ME A BREAK!!!

On all these mortgages - how many forclosures are for second homes and investments? I think this is a large number in addition to loans to people who cannot afford them. I don't think that investments and second home loans should be bailed out. Mortgages under 300,000.00 maybe if they are the person's home. Investment is subject to risk and you have to remember they can go up and you lose rather than always gaining. No one bails out shareholders when they lose. Why should we do it for real estate investors? I agree with the above comments that the problem on Wall Street needs to be examined and find out where it all started. Corporate officers and people in government need to be found out and punished for this.

Question: Just how many of these C.E.O.'s play golf with the Congressional members.? How many of them are friends of the "Powers that be"..

Alexis you're on the ball. In Liz's blog I posted a finiancial history so to speak. So I'll recreate it here. The present unraveling and chaos that is racking the financial sector has it beginnings in Housing downturns whose roots which go back to the Clinton Administration. Now the left on talk radio is trying to blame the Republicans for this. When in reality both parties,both leaders in the Senate and house have the blood in thier hands. Now when housing downturn happened due overbuilding of homes by developers,in '07 it was followed by the two jolts:Subprime mortgage and the credit crunch. Suprime is spreading through the other business sectors.The question remains how far down the finicial hole does this run? Now Democrats who protected Freddie and Fannie Mae didn't head the warnings of Alan Greenspan. Now as Conrad states,he's on Ed Schultz right now, he uses the word complicated. Now Democrats and Republicans in congress have put the markets in jeopardy. Question now are local and community banks safe? All roads lead back to the housing downturn,Freddie and Fannie Mae becouse of a few in Congress let it get to large. Now how is this problem going to be resloved with the toxic mortgages and did hedge funds have anything to do run up the problems in the marketplace? I beleive all reporters at Fox Business,Bloomberg TV and CNBC should put all thier rescources to examine this problem on Wall Street to see where it all started. Seriously for shareholders,investors and future shareholders and people are really worried.