Are You Prepared For a Rough Ride in 2009?

[tbpew]

Originally Posted by Tina

I just had to throw in this comment.... I got back from picking up prescriptions for my hubby at Walmart, and while waiting on them to be filled-- I found Kraft Mac & cheese for 50 cents a box. My 15 year old daughter wanted to just walk away from me when I put 20 boxes of it in my cart. She said, Mom, the cashier is gonna think that is all we can afford to buy to eat.

I said after the cost of those prescriptions, she might be right. (I was joking, but my daughter didn't appreciate the humor)

I am always reminded (and still surprised) when I am in situations where daughters in the 11-16yr range, are so susceptible to embarrassment with anything the involves parent and public!

[StillStanding]

Bank equities are nose-diving into penny stocks! Is our banking system going down? Will this lead to bank nationalization?

[Ferd]

Originally Posted by Mr. Steinway

Bank equities are nose-diving into penny stocks! Is our banking system going down? Will this lead to bank nationalization?

Its a good question. Cons are saying Obama is working in that direction. Libs are saying it may be the only way to restructure in a temporary way....


BOA is saying they neither need it nor want it. Citi Group is denying any negotiation with the government along those lines.


Others will just roll over and do what they are told.


And you still have the 67 trillion dollar credit default swap mess hanging over our heads.

Even I am more pesimistic today than I was yesterday. Obama can really mess this thing up.

[RevDWW]

Originally Posted by Ferd

Its a good question. Cons are saying Obama is working in that direction. Libs are saying it may be the only way to restructure in a temporary way....


BOA is saying they neither need it nor want it. Citi Group is denying any negotiation with the government along those lines.


Others will just roll over and do what they are told.


And you still have the 67 trillion dollar credit default swap mess hanging over our heads.

Even I am more pesimistic today than I was yesterday. Obama can really mess this thing up.

More pessimistic or realistic?

We are in deep trouble as a Nation.
Did you see the clip of the Chicago Trader calling for a New Boston Tea Party due to the mortgage mess?

[Ferd]

Originally Posted by RevDWW

More pessimistic or realistic?

We are in deep trouble as a Nation.
Did you see the clip of the Chicago Trader calling for a New Boston Tea Party due to the mortgage mess?

I did and I agree. Obama is the problem.

this thing will shake out if the feds dont mess it up.

[Baron1710]

Originally Posted by Ferd

I did and I agree. Obama is the problem.

this thing will shake out if the feds dont mess it up.

So we should toss Obama in the bay?

[StillStanding]

Originally Posted by RevDWW

More pessimistic or realistic?

We are in deep trouble as a Nation.
Did you see the clip of the Chicago Trader calling for a New Boston Tea Party due to the mortgage mess?

I might have to plan a trip to join the Chicago Tea Party revolt in July! I don't like the fact that I will be paying for my neighbor's over indulgence!

Obama had better tread carefully or there will be rioting! Let things work themselves out like they normally do!

First the liberals wanted mortgages for everyone in spite of bad credit or debt ratio. They got it!

Now that their idea has caused our economy to b on the verge of collapse, they want amnesty for the victims of their policy!

If my neighbor gets 20% written off his/her mortgage and a 2% new mortgage rate, I want the same treatment! Fair is fair!

[StillStanding]

Citibank is at $1.61 and still falling!

Bank of America is down to 2.80 and falling!

WOW!!

[Ferd]

Originally Posted by Baron1710

So we should toss Obama in the bay?

only if it would make good tea.

[ILG]

Originally Posted by Mr. Steinway

I might have to plan a trip to join the Chicago Tea Party revolt in July! I don't like the fact that I will be paying for my neighbor's over indulgence!

Obama had better tread carefully or there will be rioting! Let things work themselves out like they normally do!

First the liberals wanted mortgages for everyone in spite of bad credit or debt ratio. They got it!

Now that their idea has caused our economy to b on the verge of collapse, they want amnesty for the victims of their policy!

If my neighbor gets 20% written off his/her mortgage and a 2% new mortgage rate, I want the same treatment! Fair is fair!

No kidding!!