If you’re like me, a lot of the talk around this mortgage lending/Wall Street crisis gets confusing. What exactly is happening? When and why did this mess start? But it’s important to stay up to date and informed about what’s happening. My blogging buddy, Kerith, found the perfect video that explains it. You won’t have any questions after watching this. It’s the quickest 10 minutes you’ll spend learning about the largest financial crisis to hit our country since 9/11.
Now, if you feel as I do, that the way out of this mess isn’t a bailout then read this:
Bankruptcy, Not Bailout, Is The Answer
Don’t be a pansy. Go get your learnin’ on!
11 thoughts on “Easiest Lesson (of a really hard lesson) to Learn”
I am trying to follow all this overseas and it is a bit confusing, I will watch this video and see what I think.
Did you know you won the Poppers at Eat your Veggies blog? I am so jealous…I didn’t get to enter in time… so I am not in the running… but congrats and let me know how you like them!
Vicki: You’re right–the whole thing is confusing, but we all really need to focus on this crisis nonetheless. I have some good news, though, which will help put you in a better frame of mind. You’re a Winner in our Great Pop’rs Giveaway! Please stop by to pick up your prize–and send me your info by e-mail, along with the two flavors of Pop’rs you desire!
Lol, I don’t know if you should be giving me props on your page. “Anonymous” has found me. It is always bad when “Anonymous” takes the time to post on a blog w/ very little traffic to make sure I understand why this is all the Republican’s fault, lol.
TheRightWife: I can’t stand when “anonymous” comments. Be brave and state your name! At least s/he wasn’t rediculous and rude. I guess I should be expecting some of that to come my way 😉
Julie and Veggie Mom: I’m really excited about winning! That will be the silver lining to the (figuratively) cloudy day it’s shaping up to be…
Vicki I’ve been wanting to debate this topic on my blog but it’s just so big I haven’t been able to figure out a way of distilling it down into one page so that people will read it.
Regardless of what the media says I think this is a very serious issue that requires the attention of the entire world. I will go watch the video now.
With a little bit of time and effort, the exact opposite of this video with just as many citations and credentials could be created.
But it wouldn’t matter. If you’re inclined to believe everything in this video, you will. If you’re not, you won’t.
Were your ears burning? ‘Cause I was in a limo this morning, driving the Vegas strip, talking about YOU!
Will fill you in later…I have to watch this now, before the debate begins. Yes, I’m in Sin City, watching the debate. Good times.
I have been following this very closely, as well, and I agree that the bailout is not an answer. In my opinion, it is a bandaid to a very big problem that is going to get worse, much worse, before it gets better. As for the bankruptcy video, that is fascinating. It is a cascading problem, the dollar amount being “forgiven” in bankruptcy has to be absorbed by someone else, in turn, most likely, placing that company at risk of bankruptcy. All of these companies are teetering on the verge of it already.
In the meantime, their ratings are lowered because of out of balance books, which makes their own credit abilities at risk, with much higher interests.
I think we are watching the beginning of a tsunami that will be felt by anyone who has bought a home in the last 5 years, and anyone who is directly involved in retail. People aren’t spending their money!
The bailout – not a fix, and all of the pet projects now included is laughable!
I read an article from a pundant somewhere saying that the economic crisis is the accountants fault. Isn’t that great?! I am an accountant! HAHAHA!!! I am in charge of the US Economy! Watch out for my evil plan! Hahahaha!!!!! (that’s my wicked witch of the west laugh)
Thanks for this!! It is very confusing!! Great info!!
The bailout is a mess we are ALL going to end up paying for. It’s total insanity and I won’t be re-electing any of my elected officials who voted FOR it even when we overwhelmingly told them NO!
What happened to by the people FOR the people? UGH
great blog btw!