Showing posts with label housing crisis. Show all posts
Showing posts with label housing crisis. Show all posts

10.18.2008

Don't Sell Stocks!!

You only lose money if you sell stocks. You haven't really lost money unless you sell your stocks. So if you can, don't sell your stocks. Hang in there as long as you can. I know it's scary, but the people who make money, serious money, are not selling or are even buying stocks.

10.04.2008

Fannie Mae Forgives Loan of Woman Who Shot Herself

The woman was ninety years old. Now you know what's going to happen. People all over America are going to shoot themselves when the sheriff comes to evict them.

What is not being taken into account is the human toll of misery resulting from the credit crisis.

And the American people were lulled into the credit lifestyle to support, falsely, the economy.

3.23.2008

Katrina and the Housing Crisis - A Conservative Philosophy

The disasters of Federal policy seen in the handling of Hurricane Katrina and the mortgage crisis have one common origin: the faulty belief that there is no Federal role in the national affairs of the United States. It's time to admit it. There are issues that are too big to be left to one state or the short-sighted greed of our financial community to manage.

The Bush Administration's "let the state handle it" philosophy did so poorly by the residents of New Orleans that even third world survivors of a tsunami felt bad for them.

Now the stability of our nation's economy is in jeopardy because we had a Fed Chairman, Alan Greenspan, who believed in the same limited role of government. Coupled with a President content to experiment with state's rights at the expense of our poorest residents, and these disasters are the result.

Have we had enough of "I believe in the free market" and "I believe in state's rights" as an excuse for greed and inaction? Probably not. Because as soon as their interests are hurt, people will find a sincere big-government liberal in their souls.