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Hey Buddyboy_4, if those degrees were in English, Art, and Geology, they probably aren't finding a job now. But they wouldn't have found a job ten years ago either. My daughter had no problem finding an engineering job.
Buddy, I will give you an example. Look at all the individuals that buy custom rims for their cars. Custom rims are a complete waste of money and a terible "investment." Now ask those same people that wasted their money on custom rims whether they have a three month rainy day fund (enough money saved to pay for all ...more
Buddy, you are missing the point. Even if the consumer took out an A.R.M., that could have led them to foreclosure or short sale. That shouldn't have led them to filing bankruptcy. A home is the largest purchase for most consumers. You consult with freinds and relatives when buying a tv. Why wouldn't you do the sa...more
So you are saying that consumers that got A.R.M.s are stupid and don't know how to read or understand what they are getting into or that they can't consult with anyone else as to whether an A.R.M. would be a good idea for them. Even if this were true, the worst that would come of that situation is a short sale or fore...more
I'm not sure how any of you can blame the banks for yours or others financial problems. They didn't tell you that you had to get a credit card, buy a big flat screen tv, or even buy the house you couldn't afford. Most financial problems can be avoided with planning. Fail to plan, plan to fail. Live beyond your mean...more
Sailor7 - How does the DOW going down make the rich richer? Are all the rich people selling short? If anything, it makes the rich poorer and the poor unchanged (since they are not investing in the market).