U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-25-2008, 06:30 PM
 
2,539 posts, read 2,374,786 times
Reputation: 492

Advertisements

Talking all the bad loans from the banks wont do anything to help this country except the rich - so why do it? Next time you go to a bank and they turn you down for a loan tell them you own their debt they will laugh you out of their rich bank!

 
Old 09-25-2008, 07:16 PM
 
Location: Santa Monica
4,708 posts, read 7,701,403 times
Reputation: 1029
Take a look at what happened to Japan and the bursting of their RE bubble in the 1990s. We are about in the same boat today. The banks are leveraged to the gills so they can't offer any more loans to you and me. Bad for the economy. Probably several more banks need to go under or be bought out. The Feds can help that process, I hope. What we don't want is 10 years of economy flat-lining like what happened in Japan.
 
Old 09-25-2008, 08:30 PM
 
2,539 posts, read 2,374,786 times
Reputation: 492
Quote:
Originally Posted by ParkTwain View Post
Take a look at what happened to Japan and the bursting of their RE bubble in the 1990s. We are about in the same boat today. The banks are leveraged to the gills so they can't offer any more loans to you and me. Bad for the economy. Probably several more banks need to go under or be bought out. The Feds can help that process, I hope. What we don't want is 10 years of economy flat-lining like what happened in Japan.
No, we can let out free market system weed out the bad apples - we will be better off
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Closed Thread


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top