PULEEZE! I never said there was nothing wrong. There clearly are problems in the financial world, but not nearly what is being portrayed in the media. When when a financial institution loans 110% of the value of a property with little or no money down to a deadbeat who has nothing to loose you are going to have problems. That is a fact and that is what bankruptcy is for. If you mismanage your assets, particularly those financed by others, you forfeit. As my grandmother used to day "you play in the creek and your feet get wet." It's really not complicated and there are provisions in the system to take care of it. No bailouts, no way. Get it?
” No bailouts, no way. Get it? “
Of course I ‘get it’... From the “it’s all the media’s fault” tone of your initial post, I didn’t have the impression that you do....
I stand corrected....
The counter-media-hype ( ‘nothing to see here’) is just as, if not more, destructive to clear thinking as the ‘sky is falling’ side.
There are, indeed, serious structural cracks starting to show, and the obfuscation from either side isn’t conducive to adressing the problems.....