![]() |
| |||||||
| OFF-Topic / Misc. A place to go to discuss things totally unrelated to this site |
![]() |
| | LinkBack | Thread Tools | Display Modes |
| | #1 |
| Senior Member Join Date: Jan 2008 Location: logan ohio
Posts: 279
| fany mae and freddie mac close down !!!! ok guys if you got money in these banks wanted too let you know that the feds just took over the bank 30 mins ago , ok were in a deppresion what the hell is next !!!!! |
| | |
| | #2 |
| The Pop-Tart Whisperer ![]() Join Date: Feb 2007 Location: South Jersey, United States
Posts: 10,236
| They always operated with the belief that the government would back them up. I'm guessing thats all this is. We'll see.
__________________ ![]() "If you can read this, thank a teacher. If it's English, thank a soldier!" http://www.njcacoa.org/ |
| | |
| | #3 |
| Senior Member Join Date: Jan 2008 Location: logan ohio
Posts: 279
| yeah i thing big companies think that us tax payers can bale there butts out ,just like all the welfare we give people . they think they can get it too |
| | |
| | #4 | |
| "Shooter" ![]() | The government did NOT take over these two. The government seized the assets of IndyMac bank. It is still being determined what will happen with Freddie Mac and Fannie Mae. Quote:
__________________ ![]() http://www.vg-photo.com For once you have tasted flight you will walk the earth with your eyes turned skywards, for there you have been and there you will long to return. Leonardo Da Vinci | |
| | |
| | #5 |
| Senior Member Join Date: Oct 2006 Location: Adelaide Sth. Aust.
Posts: 12,511
| So on a scale of 1 to 10, 10 being worst how bad IS this situation?
__________________ ![]() |
| | |
| | #6 |
| "Shooter" ![]() | Hard to say. There were, and still are, a number of companies that did risky mortgages to unsuspecting people who wanted to get into their own homes. The time has come to pay the fiddler for bad business decisions. I think it will get worse before it gets better, but I don't see a depression out of it. We are in a recession now, I don't give a rip how the fed wants to spin it.
__________________ ![]() http://www.vg-photo.com For once you have tasted flight you will walk the earth with your eyes turned skywards, for there you have been and there you will long to return. Leonardo Da Vinci |
| | |
| | #7 |
| Senior Member | we can nearly get 1 us doller for our 1 au doller....
__________________ 98% Of teens surround their minds with rap. If you're part of the 2% that stayed with rock, put this on your signature I am also one of the 2% who does not own a myspace account.... DEFY THE SYSTEM |
| | |
| | #8 |
| Senior Member Join Date: Oct 2006 Location: Adelaide Sth. Aust.
Posts: 12,511
| Thanks Eric!
__________________ ![]() |
| | |
| | #9 |
| Senior Member Join Date: Jun 2004 Location: Dallas, Tx
Posts: 4,346
| Yeah, it's hard to say Wayne. It depends on who you ask so here is how I see it.......... Are businesses closing? Yes. Because gas is expensive, is it leading to almost everything to get more expensive? Yes. Does the economy need some help? Yes. But.......... Are there still new skyscrapers being built everywhere? Yes. Is Porsche and Mercedes have record years in auto sales? Yes. Are people still traveling? Yes, it's just costing a little more. Things will be fine. Over time, everything has always gotten more expensive. My grandmother paid $5,000 for a brand new house.........back in 1946. It's just how it happens.
__________________ |
| | |
| | #10 |
| Senior Member | Agree Thor however if oil prices per barrel don't go down the prices of nearly everything will go up think of how much in your daily life has been freighted on a semi or a ship or a train at one stage or another, they all use oil in one stage or another...
__________________ 98% Of teens surround their minds with rap. If you're part of the 2% that stayed with rock, put this on your signature I am also one of the 2% who does not own a myspace account.... DEFY THE SYSTEM |
| | |
| | #11 |
| Senior Member Join Date: Dec 2005 Location: Prescott Arizona USA
Posts: 507
| In sure this is news spin or....??? Britain urging return to wartime frugality - Europe - MSNBC.com I hope its spin |
| | |
![]() |
| Thread Tools | |
| Display Modes | |
| |