How we got into this money mess (debt, mortgages, buying)

[StoneOne]

Put very simply and elegantly...

Commentary: How we got into this money mess - CNN.com

[ocnymonty]

Man.... I will be the first to admit how much I can't stand Glenn Beck... his smugness, attitude, and lack of objective thought... but commentary like this proves at times he is capable of clarity. It is a good article.

By this time tomorrow I expect him to be back to being Glenn Beck.

[evilnewbie]

I like Glenn Beck, I always thought he was brutally honest and right on target... I have said it before and I will say it now... you do NOTHING to company if you bail it out... they do the same thing again if given the chance... why protect a failing corporation? Seems to me politicians care more about what corporation will bribe them with tomorrow than protecting American taxpayers...

[Brooklyn_QueenBee]

Here's a funny presentation of how we got into this mess:
CDO Powerpoint SubPrime Primer

[61-OH]

Originally Posted by arussell

Here's a funny presentation of how we got into this mess:
CDO Powerpoint SubPrime Primer

OMG!! That was hilarious!! Thanks for the link!

[Shuffler]

Originally Posted by arussell

Here's a funny presentation of how we got into this mess:
CDO Powerpoint SubPrime Primer

LMFAO!!!

Great stuff, especially the last few slides..

[StoneOne]

Originally Posted by arussell

Here's a funny presentation of how we got into this mess:
CDO Powerpoint SubPrime Primer

This is by far the best thing I've seen online in weeks.

Many thanks!

[CarolinaCowboy]

Originally Posted by evilnewbie

I like Glenn Beck, I always thought he was brutally honest and right on target... I have said it before and I will say it now... you do NOTHING to company if you bail it out... they do the same thing again if given the chance... why protect a failing corporation? Seems to me politicians care more about what corporation will bribe them with tomorrow than protecting American taxpayers...

I like him too, but this time I hope he is wrong. He basically said tonight we are genuinly screwed to the bitter end. I for one believe him this time.

[Philip T]

Great, when Glenn Beck now becomes a self-acknowledged economic common-tater, you know we have reached the domain of idiots.

Consider how much worse it would be if BushCorp fulfilled its fantasy of swapping Social Security onto Wall Street.

Speaking of BushCorp, and analysis of the big mess . . .

What about considering the role of these idiots that have squandered and indebted US another Trillion(s) while trying to jack Iraq? Overall the losses there are more than the mortgages.

And we lose more yearly buying and importing the nasty, dirty oil that was the object of the exercise.

If the idiots had put half the resources into taking US off oil, instead of trying to steal it, we would be looking at good times ahead for most of our lives and put our children on a good path forward. Instead we have debt and collapse ahead. Whoever coined the phrase "Crime does not pay," seemed to know their business.

At least we will be too broke to try some stupid stuff like that again for at least some 30 or more years. That was about how long the "Lessons Learned" from Vietnam seemed to last.

[ocnymonty]

Originally Posted by arussell

Here's a funny presentation of how we got into this mess:
CDO Powerpoint SubPrime Primer

That just made my day!!!