Have you ever heard the comparisom of the train? If the train is coming down
By eaforeman6
@eaforeman6 (8979)
United States
March 28, 2009 1:19pm CST
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1 person likes this
2 responses
@cobrateacher (8432)
• United States
28 Mar 09
My first thought is about the economic disaster we're suffering. Most people could see the train(wreck) coming, but they apparently didn't accept the idea of its danger. Over extending credit, giving mortgage at rates below prime, and allowing buyers without sufficient income to make purchases as enormous as homes is one supersonic train with no goal to be expected other than awreck, but here we are...
@eaforeman6 (8979)
• United States
28 Mar 09
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@cobrateacher (8432)
• United States
2 Apr 09
Even a complete fool would decline to make unsecured loans or below-orime loans, and they did have that out. They thought the sub-orime things would force the prime rates to go lower, and they could rely upon the housing boom to live on and on. That, of course, is absurd. Maybe, if the execs weren't bringing in such huge amounts that they lost touch with the way it is to try to get the bills paid, they wouldn't have gone hog-wild. They took the ball and ran much too far with it!
1 person likes this
@eaforeman6 (8979)
• United States
30 Mar 09
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