Taking a hit from the bad economy

[the_mork]

Read what I said....to have no blame at all...come on...seriously...?

I agree, this is a major factor


Seriously.....no really....seriously??
Ya know I'd post something here to back up my asserstions, but I don't know if you'd really listen...so how bout you give me some sources you can trust and I go find some articles from them....as long as I trust them too....


I'm sure you are refering to this.
Gramm-Leach-Bliley Act - Wikipedia, the free encyclopedia
As noted in the text, banks were doing what this had allegedly said was illegal for some time.....



You are entitled to your opinoions...but I'm surprised that you think he's full of crap when he points out the very fact of the repeal of the Glass-Steagall Act - Wikipedia, the free encyclopedia, something you state is part of the problem.
I would argue that he's writing for a global audience as well....


Seems pretty logical, but not all cases of using credit fall into the buying of tangible goods
Sometimes the credit is the only thing that can help you at times of crisis when finiancial hardships come into play. I've seen it and been in it first hand.


Not everything works this way, unless you have say a mill in the bank, which I don't think most dsm'ers do....
And this seems pretty simple until you run into some hardship, then you'll find out first hand that not everything works out the way you want or think it should...

Sadly what a lot of this mess comes down to is good ole fashion greed....but seriously....no Gov involvement...

I'll respond to this when I can which will probably be tonight, I don't have time for this much this morning.

 

[Defiant]

Great discussion for a politics site.

Not so much here.