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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: orkrious who wrote (80199)3/22/2007 10:13:15 AM
From: 5thGrader  Read Replies (1) of 110194
 
Are you smarter than a fifth grader?

BTW, gov't spending is out of control everywhere.

Are they spending like crazy on good teachers? I think not sir!! If we had sent the clownbucks into better education instead of mcmansions, I think our future would be better. American Idol and Deal or No Deal dominate our TV Space. Why even bother to pay for cable, just put in a tape of I love lucy and put it on infinite repeat if you want to numb your brain and let the tv shows just come in and wash over you and take you away. I know several retirees who do exactly that, or some old john wayne westerns they watch 20 times a week - you see they forget each viewing so everytime they replay Rooster Cogburn its like a new movie!

I have been watching foxworthy's "civilization in decline" show. It was hilarious, he had an accountant on that was going to take his winnings and blow them all on a nice diving trip in the bahamas. Foxworthy told him "I hope you don't recommend that to your clients" - hopefully they drop that accountant. Another night he had a school teacher on who of course was not smarter than a fifth grader - hopefully they fired her or sent her back to the fifth grade to learn. They didn't know if the sun was a star or not - how do you expect them to know advanced financial tricks ala booyah boy and the pigmen? I must admit some of the questions stumped me as well, one question asked what geologic age we were in. Are such facts useful to teach in a general education to children in the fifth grade? Perhaps money and debt creation would be more useful to teach a fifth grader?

Watch some c-span - see your leaders and lawmakers in action - I don't think many of them are smarter than a fifth grader either.

Is on live now, dont miss.

cspan.org

Mortgage Market
Banking, Housing and Urban Affairs
Washington, District of Columbia (United States)
ID: 197276 - 03/22/2007 - 2:00 - No Sale

Dodd, Christopher J. U.S. Senator, D-CT
Thompson, Sandra L. Director, Federal Deposit Insurance Corporation, Division of Supervision and Consumer Protection
Polakoff, Scott M. Deputy Director, Department of the Treasury, Office of Thrift Supervision

A hearing is held on the causes and consequences of the turmoil in the mortgage market. The committee looks at the increase in home foreclosures and solutions for the problem. Government officials and executives of the top housing lenders testify.
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