[kingh99]

The domino effect is so devastating as to not contemplate. Next you see homes devalued then the banks then everyone heads for the street. Seriously. Sick stuff. Only card modern man knows to play in such scenarios is the war card. Kill enough and break enough and you can build an economy and renew. It's like Salmon spawning. Die to feed the hatchlings.

Banks never gave up their fair share on the interest front. Too greedy. Rates people pay on debt is not commensurate with the rates Banks are paying. It's like hitting your toe. Your brain eventually gets the message, albeit delayed. Banks don't want to fail but they must for money to be properly priced. We should be paying 14% or 18 or 21 or whatever for money? I don't think so. Sad to see our system of capitalism has to be jolted out of the doldrums by breaking the stuff we built but that's the ticket out.

[parsifal]

"Banks never gave up their fair share on the interest front. Too greedy. "

I agree, but why stop with banks. Many employers don't pay what workers are worth either. Some have let the gov't subsidize their lousy paychecks with welfare and EIC. The fact is, most capitalists love the idea of getting something for nothing and gov't has let them do a lot of it. parsy.

[max61]

Next you see homes devalued then the banks then everyone heads for the street.

Far too many people think of their home as an investment when in fact, it is the place you live. Residential home's are far overvalued as a result of government inflating the value of a home in order to create revenue for local government, at least that is my theory.

---max

[tall_tex]

Wrong... Wrong.. Of course that is just my opinion. Tom

[tall_tex]

You make my face hurt... Intrest rates, Stock Market, my fault, I do not think so.. We have no control, today, maybe tomorrow... OF course that is just my opinion... Tom

[tall_tex]

I am trying to figure out what you are saying, I am sure it is very important... Please help me out... Of course that is just my opinion.. Tom