The biggest bubble and financial mania in the history of mankind.
Why?
Because the commission-fueled REIC got out of control, enabled by an incompetent and corrupt administration, empowered by an ad-supported media.
And America and the world gleefully went along for the ride.
And then the ride stopped.
Posts
11 comments:
It's OK. Obama said he's going to create 3-4 million jobs to make up for it.
BWAHAHAHAHAHAHAHAHAHAHAHA!!!
Someone tell Obama and Keith to read Henry Hazlitt's "Economics in One Lesson". Please!!
Case proved: junk money creates junk jobs. Whether it's IT, haute finance, the real estate sector, government boondoggles or serving the "insatiable" consumer, it's fundamentally unsustainable.
And America Died.
Bad, mortgage brokers, realtors, bankers,appraisers would not be able to make a dime, IF YOU the greedy buying public did not have $$$ signs in front of your eyes.
YES you the one crying, YES you the one bragging how much money you made on Real Estate. YES you the one who lives the richmans life without producing sh*t but BLA,BLA and more BLA bla. YES, you who took out a home equity line and acted like and arrogant as**le spending it on cars, vacations and other impress the neighbors items. YES you who now is the first in line to take my tax money, I worked hard forto be the be bailed out and cries for help.
It is YOU who voted for the politicians. It's YOU who did't give a sh*t, as long as YOU could brag and receive your $$$.
GAMES's over folks and the blame for loosing the game is YOU not ME because I was too naive to understand such a stupid game realy was invented but I did hear you brag a lot.
You are missing the target. It is the money changers who caused this problem.
Thank you Fed Reserve.
Thank you Moody's, S&P, ...
Who called the Depression First?
Who called the bubble first? Collapse of FNM and FRE?
Who had the first contrarian blog?
I ask because the MSM is now discussing a Depression, and the argument is not IF but whether it will be Deflationary or Depressionary.
So, who was first, and can you point me to the posts?
All the best,
Lee.
Sounds like like the lyrics from Alanis Morissette,
Thank you realtors, thank you bankers...
.
Thank you ACORN
Thank you Pelosi
Thanks Barney
.
Keith - this $15,000 tax credit is the first serious volley in the battle to reinflate housing.
We may one day see the return of HousingPanic!
"And America and the world gleefully went along for the ride."
But now America and the world wants their pound of flesh. Why? Anybody who got into it is just as guilty. Even you, Keith. Through your anti-housing bubble blog you trolled for $129.73 in ad revenue.
Truly - when someone starts bitching about "what happened to me" I walk away without saying goodbye.
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