ClickChick's Blog

All I know is that if the average joe down on main street had pulled something like what they did, messing up so many people's lives, he would probably be in jail by now. He would not be headed to his luxury home, he would not pass Go and he would not collect $200.

Here is something I read.

Bill Barker, senior analyst: Lehman dead help in any way? Well, rejoice is a little strong, but let me count the ways investors can be grateful:

1.Less taxpayer money used to largely reward undeserving executives.
2.There should be a renewed sense of urgency on the part of any financials with deeply flawed models and sketchily capitalized balance sheets to fix their problems now instead of waiting for help.
3.The market is all about getting rid of uncertainty.

While the rest of us, that followed the rules, bought house and land in a price range we could afford... are stuck paying for their mess.. what ever happened to debtors prison?.. The streets need fixing, someone has to pick up the garbage, Someone needs to clean the government buildings... I say put them in prison and give them these jobs.

Part of their salary can pay for their prison stay, while the rest goes towards their debt.. they get out, when their debt gets paid off. States save a fortune paying actual employees wages and the prison housing costs.

DogJ, that is the philosophy that will generate a angry crowd and they will shoot the rich man and rumage his house. False security is therefore a failed effort, the very core of our economical problem right now. This is the very thinking that causes countries to generate insurgents that attack their government. Pretty arogant thinking. The man or the woman at the top should have been smart enough to look at credit vs income in that case, so yes they are to blame. Average Joe may have had the income to begin with to pay for the house but when jobs went overseas and his company closed, there goes the income factor. To say he never deserved it, is extremely arogant and simple minded.

I agree with you Bus Driver. To those who clamor that the debtors be sent to "debtor's prison" perhaps have never struggled to make ends meet. You'd be surprised how many Americans are one or two paychecks away from being homeless. I doubt anyone wants that, I know I don't. I'm single and living on a fixed income due to disability from a near-fatal car accident 12 years ago. When I bought my house I had no idea that this would be in my future. I am fortunate to receive a small amount of money per month from my last employer because I had disability insurance. Were it not for that I would have lost my home through no fault of my own. While the funds from my employer in addition to my small disability check (social security) give me enough to survive on, I am constantly faced with creative financing. The last two years I've had to pay my property taxes with a credit card. I hated doing it but it was that or they wouldn't get paid and we know what happens after that. This house is my one asset that amounts to anything. The money I get from my employer essentially keeps me from doing anything at all to get extra income. There are things that I can do for a short amount of time. I won't go into what and please don't turn this into an attack (not that you would, but it does happen) on me for being on social security and still able to live on my own and take care of myself. Anyway, there are lots of people out there who have had similar life events or loss of job and/or medical benefits. It used to be that getting medical insurance was pretty much a given with your

"To say he never deserved it, is extremely arogant and simple minded." - vision

I never said that.


"... do you think that Mr. Politician (both sides) deserve some blame for the deregulation..." - nemo

When was the mortgage inductry regulated?

Let's not talk about the 85 BILLION dollar bail out of AIG by our "wonderful" government! Hey government...FYI...WE DON'T HAVE 85 BILLION DOLLARS to bail out people!!!! Just keep digging us deeper and deeper and sending us all deeper and deeper in debt! Great Job, wonderful...round of applause to our government!!

Oh h-ll, now I to speak speak Chinese to.

There is a huge majority of us common folk's who are just a couple paychecks from being "behind on some payment's"....I'd never "point a finger" or look down on anyone who has fallen on hard times....everyone of us would probably suffer somewhat if he or she was layed off or lost their job (income). Not very many people could get fired on Friday and walk into a new job Monday....being overly snide or arrogant could come around to bite 1's BLEEP...!!

Alot of those people were just trying to fulfill an American dream.....buy a nice house for their kid's....chit....that isn't to much to ask....when upper management has several homes all over the world....(in some case's)...or asset's up the ying yang....!!!