Cynthetiq

I wasn't able to watch this happen in real time like I wanted today. But I have been expecting this failure for the past week. I didn't expect AIG into the fold.

I'm not interested in the government bailing anyone out, including those homeowners that speculated that they could afford a home buying on a no income verification loan so that they would qualify for more money. They gambled and lost. As far as mortagees to the failing banks, I'm not worried about them their debt will be assumed by some other bank that buys out the liquidated loan. Heck, I just bought a 5 bedroom home 2,264sq ft, for $.57 on the dollar @ $84/sq. foot you can't build anything for less than $300 these days.

I'm glad that major players in industries are faltering and failing. The Big 3 automotives looking for bailouts???? C'mon that's retarded, they should have been also competing in the other market segments like small cars, minivans, and crossovers. Instead they did the "American" thing and went for the low hanging fruit and easiest options.

I'm very much ready to accept the pain of what's going on. I've been telling lots of family and friends to be read for such a shake up and be prepared for a rainy day. See there are people and companies out there who will drive the economy back up. It may be slow, but it will happen.

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