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Well?! Damn! Recession blows!! I dont think they ever anticipated such a major impact of the subprime mortgages on the whole economy. I mean there were people smart enough to notice that something is not right. Some people made good money betting against that. Why didn't the Fed intervene before it happend or some other checks and balances commision like SEC raise the flag earlier?

I mean lets think about it from the lender perspective..What were they thinking?  That they are making so much money? I mean WOOT we can provide those stinky mortgages like there is no tomorrow?

The maintanance guy on my block was telling me that he bought a house with 9.25% rate! How sick is that? There is absolutely no way people can afford this unless ofcorse they start robbing banks. Hmm yes - very possible I must tell, I am sure the crime rate is going to shoot through the roof in this kind of screwed economy.

Another thing worth mentioning! Bear sterns you know what!!??? Screw you!!! When those boys looking to hire someone its always from the top school. I mean personally I can't find a freaking summer internship now just because you guys say: "No sorry, we are looking some one from Harvard" Oh yeah?! great! We all saw how professional those "smart" children of the Northeast moneybags are making "good" bets for you, producing negative returns.  And thats what hurts the most. Being a top 1% of my business school student with GPA 3.94 I can not even find something remotely close to investment position just because they are looking for good damn Harvard Grads! Not just Bubble Stearns, All those finance firms they are all snobs like that.

And Bernanke!! Thanks for that Rate cut!! That worked for quite a while...like..ummm a day???  Why don't we just cut it to 0% and be done with it? Can you not see it is not working??? Funny thing is he knows its not gonna work - all his economic publications say thats not the right way to handle the stagflation but yet there he is, our hero on the white horse just spearing those target rates every monday!

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Some people made good money betting against that.

Yes, Allen Greenspan's three hedge funds he is an advisor to. 

Why didn't the Fed intervene before it happend or some other checks and balances commision like SEC raise the flag earlier?

The FED's intervention is the problem. Watch and let the light bulb in your head work.Ron Paul addresses FED one year ago.

"How sick is that?"

Seriously, who in the world would loan anyone money to someone in the US to buy a house? The market is in free fall and unemployment is just starting to show.

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sorry couldn't resist

 

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Yo Ev got your email, posting youtube vids is pretty easy once you learn how.

first go to the page of the video you wish to copy

second find the grey box to the right of the video

third in the grey box there is a word that says "embed", underneath that word is a field that has a bunch of code.  Copy all this code (should be easy right click in the field, it should highlight, then click "copy")

return back to you blog/comment and right click in the field you are wokring , click paste.

when you press preview post you should see your video, if it's not there double check that you got all of the html code. It should begin with a character < and end with a >.

Walah! you're done. Hope that helps. 

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Thank you! now let me try that

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