It Keeps Getting Better!
Filed under: Business BlitzOfficials say that pension funds are down $2 trillion.
Happy Wednesday!
Posted: October 8, 2008 at 12:14 pm
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22 comments to “It Keeps Getting Better!” |
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all part of the bush plan
DAYUM !
put Bush in jail
Put ALL your money under your mattress people…this shit is just gonna get worse!!!! LOL!
ur so fuckin stupid mario
Wow 8 years of a REPUBLICAN adminstration and 10 out of 12 years of a REPUBLICAN congress SURE had done this country a lot of good . . . NOT.
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Wake up Republicans — look at what your vote created.
these make me lawl
we are all screwed. I agree we need to put our money in our own hands and homes and basically live up our lives now because if McCain gets in, its just going to keep getting worse because him and bush are bff's!
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The richest 400 Americans own MORE than the bottom 150 million Americans combined. 400 rich Americans have got more stashed away than half the entire country! Their combined net worth is $1.6 trillion. During the eight years of the Bush Administration, their wealth has increased by nearly $700 billion. And they just got another 700 billion for the "bailout. Now we have a $9.5 trillion debt. Why did we even think of giving these robber barons any more of our money? sourced from:michaelmoore.com
WE NEED TO WAKE UP & ELECT A PRESIDENT IN 2012 THAT IS NOT BOUGHT & PAID FOR BY CORPORATIONS. OR WE CAN FIGHT OVER WHO IS BETTER, MCCAIN OR OBAMA. WE ARE WASTING OUR TIME OVER SILLY FIGHTING.
Sarcasm doesn't help in these situations, Perez. I wish you would quit posting stuff like this and writing "Happy Wednesday" underneath. Celebrating the negative will not, in any way, further the goal of coming back into positive.
Great - I'm going to be workig until I'm 95
The biggest single tranfer of wealth in history in the biggest heist ever.
The french knew what to do once when they were told "Let them eat cake"
Get our economy back on track! Vote for Obama in November!
fuck u mario
Up to 10,000 staff at the New York office of BANKRUPT investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5 BILLION, Barclays Bank, which is buying the business, confirmed last night.
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Please note — "will" share — money was stashed away as they declared bankruptcy.
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This has GOT to stop. Yes, there need government involvement. Why is this not outright fraud???? An individual would not be allowed to declare bankruptcy and "hide" money.
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Please Vote Obama/Biden.
Well anyone who has done their homework knows this current situation was not created during the Bush administration–it is as a result of legislation pushed by democrats in 1995…that's right…during the CLINTON administration. (Google the Community Reinvestment Act which was passed in the 70's (when Carter was in office) and then Democrats made provisions to it in 1995).
Perez, I enjoy your site, but your ignorance and sarcasm as so off base. Elect Obama (a man who stands for change with no plan) with a democratic house and senate and watch how fast the debt grows, the economy slides, and small businesses crumble. (PS Obama…how nice of you to pledge to get rid of Capital Gains taxes for small businesses when they DON'T pay capital gains taxes!! You either don't know or you are pandering. Either one scares me)
McCain/Palin 08
Bang on that it started long before the last 8 years. Clinton does indeed have his hand in this. They all do. Both sides.
There is no change coming…from Obama or McCain. They are robbing us blind right under our American Idol distracted eyes.
Get ready for President Palin…..leader of the future US fascist Christian Theocracy .
Ron Paul was right and no one was listening.
The majority of your readers have no idea what a pension plan even is, Perez. That's why this has such little commenting. We're screwed people. Retirement at 65 is never going to happen to our generation.
I find it… idk… convenient… that there's a huge economic crisis right before a huge historical election! just sayin.
Re: blue-eyes – We're all going to be working until we're dead now. And we'll be working just to make ends meet, the future is scary!! The rich are going to have total control over the lower class and there's not going to be a middle class! You're going to be either extremely rich or extremely poor!
Re: Toopster –
So I took your advice and googled Community Reinvestment Act. I found the FFIEC home page and found the following regarding the CRA:
"The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound banking operations." Did you catch that last part?? "Safe and sound banking operations." This obviously was not intended to become the scapegoat for greedy home mortgage companies who duped many into believing that they could afford a home that was not within their means. Face it…these companies got greedy and it happened more during the Bush administration than any other. I love how some of the "talking heads" are trying to make the enemy those who purchased a home with one of these sub-prime mortgages and foreclosed.
Re: Toopster – continued…
I currently own a home in a different state that has been on the market for a year. (We moved due to a job transfer and have to rent until our home sells-not a good situation in today's economy, but we are getting by). We have a standard 30yr-fixed rate 20% down good old fashioned loan that we got in the peak of the sub-prime mortgage time. We were tempted by many of the greedy mortgage companies to get one of these. We were told that we could afford something twice as much as we had thought we could. We were told we didn't need anything down…but luckily, we were able to read and understand all of the fine print. Being a teacher of adult English language learners who many times make up a large portion of the low-moderate income neighborhoods, I have heard so many stories about who they were not being told things, told to trust that person (loan originator), and that they would be fine. It's sad what greed can do. Sad, Sad, Sad!!