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is an awakening, true reality....Care, I don't really know. I do know that credit card companies aren't banks, so they don't get the low rate that banks get (though there was talk yesterday of allowing Amex to become a bank). I guess the mystery to clear up is why banks aren't lending.
Wow, 60%...that's unimaginable.
now they are SOL, owe more than homes are worth....
this recent past economy was running on the middle class taking equity out of their homes to cover higher energy costs, higher tuitions for kids in college, higher healthcare costs, and new stainless steel appliances.... while on average, earning a couple of thousand less than a few years ago....
People are being literally trapped into their jobs...because it drives the economic engine. Once again the American family gets squeezed!
Yes, the interest rates have been historically low for years now. The rates are going to creep up which will make people less able to borrow more, which will hold the line on home prices. Those who wind up in the upside down ownership, will stay put, provided they keep their jobs/income.
When I was a kid people were borrowing from the bank at rates in the teens. I saved my babysitting money and the bank gave me a rate in the sevens!
I think our banks need to attract more cash by raising interest rates on savings and bonds.
How much of that entrapment was self induced with things like stainless steel appliances etc etc. ?
We all need SO much stuff! 
lol, you suck it up, Pauli. Go live in Somalia and get back to me. You've no idea what a difference a stable country makes to your chances, do you?Every single day, ups and downs in the economy affect people who haven't done anything wrong.
You are not entitled to the good life every single day for the rest of your life. You are entitled to the OPPORTUNITY to live a good life, based on your own decisions.
You enjoy the good times, and you brave the bad ones. It's part of being an American. Suck it up.
Isn't this what everyone wanted them to do? Buy stocks instead of contribute money to golden parachutes and help PEOPLE instead of corporations?
Though of course Paulson looks like he's totally in over his head with this move.
Since they both voted for it, do you have an actual point?Look....it doesn't matter right now who got us into this mess...what matters is that the "people" voted in a guy who VOTED for this heist.
So don't effing complain if you voted for someone who voted for the bailout.
let's thank people like you who gave them the power to make this happen.
Since they both voted for it, do you have an actual point?
No, of course you don't.
Ron Paul pipe dreams aside...we only had two choices.
It does matter who got us into this mess. If you can't learn from your mistakes, you're an idiot.
Sarcasm, Val?A home is the most valuable asset most people will ever own. A piece of real estate property is tangible!
Did I? Damn, I KNEW MY VOTE WASN'T PRIVATE!!!You voted for the very people who got us into this mess, so you just called yourself an idiot.
heh, I always knew you were almost rational.i did.
Wow! Who knew Ravi was so powerful?
Since they both voted for it, do you have an actual point?
No, of course you don't.
Ron Paul pipe dreams aside...we only had two choices.
It does matter who got us into this mess. If you can't learn from your mistakes, you're an idiot.
We only have TWO choices?? That's because people like you keep it that way.
*blush*It's all Ravi's fault, that's right! Ravi and George Bush, that is.
