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Archive for October, 2008

Holy Crap

October 17, 2008 Leave a comment
A girl I had a crush on in 6th grade and who then moved to North Carolina the next year just found me on Facebook.  Total craziness.  I’m surprised she even remembers me after 15 years.  Maybe I wasn’t reading too much into the stuff she wrote in my yearbook. 😉
 
I guess I’m a chick magnet after all! LOL
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Categories: Random Thoughts

Financial “Crisis”

October 10, 2008 Leave a comment
So let’s put this in perspective.
 
  1. Government enacted legislation to make it easier for people who can’t afford houses to buy houses.
  2. People bought houses they couldn’t afford.
  3. The mortgage brokers sold these mortgages to banks.
  4. The banks put these mortgages into derivatives that they sold to investment banks.
  5. People stop paying their mortgages.
  6. Investment banks go under.
  7. Government says "don’t worry, we’ll rescue the investment banks.
  8. Banks become wary of loaning money.
  9. Government says "don’t worry, we’ll buy the crappy mortgages."
  10. Banks don’t loan money because they want free money from the government.
  11. Government says "don’t worry, we’ll lower the interest rates."
  12. Banks don’t loan money because they want free money from the government.
  13. Government says "don’t worry, we’ll take over the failing banks."
  14. Banks don’t loan money because they want free money from the government.
 
It’s obvious to me that every time the government gets involved, things get worse.  Between McCain and Obama one of them thinks government should help just enough to help the banks recover.  The other one thinks the government should take over everything.  Please make a good decision in November.
Categories: News and politics