Saturday, December 27, 2008

Equality


The current economic mess can in a small way be attributed to the US attempt to promote equality.....they brought in plans to allow those at the lower level of the economic ladder to become property owners,by lowering, insuring, guaranteeing, etc. mortgage rates, and allowing those disadvantaged to become equal to the middle class when it came to debt load. This in turn gave equal opportunity to fiscal manipulators.

How '08 went bust

It began with a general feeling that the economy, though struggling, would be fine. Then the mortgage crisis hit. Then the bottom fell out. Now, market players are in shock.

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