A
Anon3587x
Guest
The economy in the doing poorly right now as the media reminds us everyday, but I don't really understand how the situation became so bleak.
If the television didn't constantly show us crashing stocks, and how many people are losing their homes, wouldn't everybody else make a better effort to keep their homes. It seems like people are saying, "My house isn't worth what I paid for it, so I'm going to let the bank have it back."
Is the main problem houses were selling for way more then what they were worth, and banks gave loans they shouldn't have. Now banks are not getting their money back? So they are trying to make the rest of us panic when it is really just them going downhill?
If the television didn't constantly show us crashing stocks, and how many people are losing their homes, wouldn't everybody else make a better effort to keep their homes. It seems like people are saying, "My house isn't worth what I paid for it, so I'm going to let the bank have it back."
Is the main problem houses were selling for way more then what they were worth, and banks gave loans they shouldn't have. Now banks are not getting their money back? So they are trying to make the rest of us panic when it is really just them going downhill?
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