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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (73486)	3/11/2007 7:15:34 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<It's not funny. The middleclass in this country are under tremendous presure due to too much debt. And the game is rigged in the big banks' favor.>> Any humor you detected in my post, as opposed to outright sarcasm, was strictly an accident on your part. If you are saying the middle class is stupid to take on so much debt, and the banks are smart to take advantage of it, then I would agree with you. That's what keeps the wheels of Wall Street turning. Instead of trying to educate the investor/trader types on SI, maybe you should direct your energy toward educating the dumb debtors out there, a group that the Dems seem determined to protect, nurture and rescue via free health care at taxpayer expense, slams (including full-fledged Congressional hearings) against credit card companies, and general enmity toward business in general, which (by no small accident) is where jobs for the middle class are created. Meanwhile, the stocks of those select businesses who take advantage of and gain from dumb debtors are likely to go.......up, maybe(?) I don't pretend to know. But I wasn't trying to be funny. P.S......I do think predatory mortgage lenders should be fried in oil, but again, the ultimate responsibility we all have as consumers is to get educated, because no taxpayer-funded government entity should be around to bail us out for bad personal decisions and allowing ourselves to be fleeced by crooks. Nor should we rely on any political party to bail out the truly dumb among our ranks.