GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Is this economy really all of Bush's fault?

Drake · 09-15-2008, 08:22 PM

I don't understand how these institutions with supposedly the best and brightest minds didn't foresee this. They knew this would come to a head. There wasn't enough regulation and oversight which created an environment where the greedy were able to hand out mortgages like candy. There is a structural problem that needs correcting.

This is going to have a ripple effect on the entire economy, whether it's all those employees losing their jobs, to increased taxes in bailouts, to retirement and pensions. An economist on Lou Dobbs today expects the it will take 9 years for the housing market to recover.

Responsible home owners have been royally screwed by the actions of these big brained corporate vultures. Imagine entering your retirement years now and you want to sell your house?

It makes one wonder what the real effect the $3 trillion Iraq War tab is going to have on the economy. Maybe our future is being mortgaged a lot like the housing market was.

09-15-2008, 08:22 PM
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	I don't understand how these institutions with supposedly the best and brightest minds didn't foresee this. They knew this would come to a head. There wasn't enough regulation and oversight which created an environment where the greedy were able to hand out mortgages like candy. There is a structural problem that needs correcting. This is going to have a ripple effect on the entire economy, whether it's all those employees losing their jobs, to increased taxes in bailouts, to retirement and pensions. An economist on Lou Dobbs today expects the it will take 9 years for the housing market to recover. Responsible home owners have been royally screwed by the actions of these big brained corporate vultures. Imagine entering your retirement years now and you want to sell your house? It makes one wonder what the real effect the $3 trillion Iraq War tab is going to have on the economy. Maybe our future is being mortgaged a lot like the housing market was. Last edited by Drake; 09-15-2008 at 08:23 PM..