[MD] debt
Heather Perella
spiritualadirondack at yahoo.com
Wed Oct 1 21:16:28 PDT 2008
I still don't get this "bailout" shapeshifted by name to "rescue plan". I'm hearing the credit is drying up. Loans are not being exchanged. So, small businesses can't buy loans to pay for their employees. It's in the news that cars aren't being bought because people can't get a loan. Unless you have great credit you will have a hard time getting a loan for a mortgage. So, what it looks like, is this culture runs on credit. Runs on intangibles. People don't have the money now, so, we get a loan for all this stuff we want. So, does the gov't with all these bailouts. So the U.S. debt is nearing 10 trillion dollars, and most people in the U.S. are in debt. So... we can't pay off the debt we have, but we want more loans and credit to go farther into debt even though we can't pay off the debts we already have. Deeper and deeper into debt, so, now we're going to "rescue" debts with debt money from credit so we get further into debt. Who's
making money?
SA
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