tag:blogger.com,1999:blog-7815287532094385757.post5918918120061622563..comments2024-01-22T03:19:03.841-07:00Comments on Eddie G. Griffin (BASG): Economy Collapses: Every Man for HimselfEddie G. Griffinhttp://www.blogger.com/profile/13283895629656619113noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7815287532094385757.post-59305175509606089562008-09-22T16:00:00.000-07:002008-09-22T16:00:00.000-07:00This has been coming for some time, the writing ha...This has been coming for some time, the writing has been on the wall of our economy for some time now.<BR/>I think its a bit selfish for tax payers money to be used to bail out this mess. I personally have no stocks, bonds, or investments so why will I be put in the position to have to bail out this mess...Anonymoushttps://www.blogger.com/profile/02537995627507688916noreply@blogger.comtag:blogger.com,1999:blog-7815287532094385757.post-14410257029634111442008-09-19T13:47:00.000-07:002008-09-19T13:47:00.000-07:00Adrianne, The magic trick now is to hide the hand ...Adrianne, The magic trick now is to hide the hand that caused the house of cards to fall. I heard that one of the Brits leading financial institutions had to be purchased before it collapsed. Also notice the terms of the bailout.<BR/> <BR/>Had they helped the people whose homes went into foreclosure, the banks, insurance, and finance companies would still be solvent.<BR/> <BR/>GREED: Having your cake and eating it too.<BR/> <BR/>But Wall Street couldn't have it both ways. You can't foreclose and collect the mortgage at the same time. Missing in the thinking of all these financial geniuses was the impact of glutting the market with foreclosed properties. They expected to foreclose and re-sell, not foreclose and hold forever.Eddie G. Griffinhttps://www.blogger.com/profile/13283895629656619113noreply@blogger.comtag:blogger.com,1999:blog-7815287532094385757.post-9922756850118218092008-09-19T06:44:00.000-07:002008-09-19T06:44:00.000-07:00This is having more than a rippl effect on other e...This is having more than a rippl effect on other economies, rather like big waves. The Russian stock market is in trouble, and Swedish economists predict a slow down here with recovery 10 years in the making.Anonymousnoreply@blogger.com