Posted by kelly C on January 31, 2009 at 08:18:02 from (75.161.214.29):
In Reply to: Re: O/T China's Recession posted by Traditional Farmer on January 31, 2009 at 07:34:02:
Looks like our greed did a pretty good job of that all on its own.
Osama blasted the world trade center trying to hurt our economy. All he really had to do was create a few morgage back securities and let the Greedy bankers have at it.
I feel bad for the people who are hurt in all this. I dont care for their goverment choices but I have no hate in me for their people. I dont want to nuke any one. Rude awakening for all these countries who have been suckling on the teat of our consumerisim. The teat has run dry.
Going to take a long time for all the extra debit people had incured refinincing into equity that is no longer there. To be paid down.
What do you think. our excess economy was built on equity that did not exist in reality?
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