After reading this: http://www.kiplinger.com/businessresource/forecast/archive/Ten_Things_That_Will_Be_Different_When_the_Financial_Smoke_Clears_080926.html
I felt this:
DUH.
Did anyone else see this coming? Wasn't the up-swing in the stock market a little too fast? I mean, the DOW has gained at an enormously quick pace, didn't you think eventually things were going to have to even out?
The American public has placed far too much trust in the government and now look. Fannie Mae and Freddie Mac were partially owned by the government prior to their "takeover" by the government, AIG also needed bailed out, and Lehman Bros. declared bankruptcy, etc. in just the past month or so. Has anyone else noticed that whatever the federal government gets their hands on gets screwed up? Come on people, think it through.
After the smoke has cleared, the dollar's international value will rise, people who actually deserve loans - and have the credit and cash value to pay for it - will receive them, and there won't be so many people making 40,000$ a year living in 300,000$ homes. We as Americans will be required to live by our means, not on the credit and backs of others.
Amazing.
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