What Paulson Meant to Say

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Greed by corporate CEO's , everyone wanting to have more of the good life - big houses, pools,flat screen TV's, etc.. things they can't afford and living on credit cards and equity loans can't sustain an ecomomy. It was only a matter of time IMO. We barely produce anything anymore.
Speaking of Greed - check out a new song called "Greed" by a band called Dosa Reality, a little band from Buffalo. Great lyrics!
You can hear it on www.myspace.com/dosareality

D.P. of 10:18AM September 22, 2008

Some countries don't try to put people in homes and also place a huge profit on this sale of a home that may cause these people a tremendous financial burden, or even bankrupt them. So they can carry on with life, however now this bankruptcy follows them to the next level, etc., what have we just done to them?

Raymond Michael Walsh of UT 12:40PM September 18, 2008

Just as President Roosevelt declared a bank holiday during the Depression, America now needs a Credit Holiday, shutting down all credit markets until the lending rules are reviewed, modified and enacted giving the markets time to breathe and allowing "Bailout Fever" to cool. Continuing to piecemeal the patching of our financial system is bound to end in disaster. Somewhere along the line the same idiots who helped this disaster along will find a way to perpetuate the fallout with no end in sight. Bailouts are only for temporarily aiding investors by delaying the inevitable. Anytime any venture is undertaken without a plan it's just as a dog chasing its tail ie. Afghanistan, Iraq, Bin Laden Search, Bridges to Nowhere, Stimulus Packages, etc... This administration is the classic example of operating without a plan as never in our history have so many issues been left uncompleted. Basically, this administration has not completed anything it has started!!!

Ray Fisher of NM 9:07PM September 17, 2008

Is your article a news article or an editorial? If it is supposed to be news, then report the facts and keep you spin to yourself. If it is an editorial, label it such and then my question is: "who asked for your opinion?"
We have some real problems we need to solve and we also have panic and fear whipped up by the mediaand the political idiots. No good solutions and clear thinking can come out of this hysterical environment. So, here is a suggestion to the media and their political side-kicks: keep your mouth shut and your laptops idle!

George of NC 5:01PM September 17, 2008

Great article- so true.Send a copy to Henry.

anthony of FL 11:19AM September 17, 2008

At least one year, possibly two or more years ago, David Walker then Comptroller of the United States stated America was due for an "Imminent Financial Collapse" and was ignored by every media outlet so much so that the announcement was posted on the CNN website at 0200 hrs. and pulled after 4 hours the morning it was posted and even Mr. Walker's resignation following his "Fiscal Wake-up Tour" was ignored by the media. The powers that be knew about our collapse long before it occurred yet continued to rake profits till our system bled to death. Now "We The People" will bail out the low down skunks!!!

Ray Fisher of NM 11:10AM September 17, 2008