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Displaying (2) Comments | Comment on this piece | Report objectionable art
RE: Why would you address this to me? Of coruse this is what happened, but so what?So what? What does any of this have to do with you or me? The lending was a grab for assets with free money. Banks borrowed money to lend so as the whole thing unravels the banks, or investors, end up with the assets, and default. I should say the corporations default on the money they borrowed. We then blame the home owners who took out the HELOCs, but the billions corporations borrowed get forgotten. Yes the wealthy are going to be more wealthy.For all the talk here about the velocity of money and t-bills the only thing you can count on is you. Some one mentioned that the Constitution does not call for a standing army. What it does is put the rights to protection into the hands of the militia. OK stay with me for a minute, there is a point. You have individual rights. We also have the right to form a more perfect union. You community is a big part of that union. Rather than putting your money into the bank or stock market you are going to need to invest in your community first. The rate of return on a CD is !.4% and your bank is making loans at 6%. You would be dollars ahead to buy a kid on your block a lawn mower so they can service your community and pay you back with interest.Your government of the community is a stepping stone to a larger solution. Rate this comment: 0 0
By: | Aug 05, 2012 | Report Comment
What's it take to become a sbulime expounder of prose like yourself?
By: | Dec 13, 2011 | Report Comment
always_all_tangled_upp
margaretz
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