Ugh

[wraithfodder]

Just watched the Presidential address.

So? What? Elmo from Sesame Street wasn't available to give this Dummies Guide to financial disaster? Amazing how Bush didn't say "Greed" or "government incompetennce" once...

Grrr, sorry, but the whole mess is a result of greed, simple as that.

Comments

[cat-77.livejournal.com]

We offer our debtors discounts, bringing the costs down to fair market value and rates to make things easier to handle for them but still keep the loan for us. Everything else? We follow the law as Congress rewrote it only two short years ago. I could see some fanangling done to lessen the impact of the debt on the banks, provide payout or payback options, but this? No.