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John H[_8_] John H[_8_] is offline
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First recorded activity by BoatBanter: Dec 2008
Posts: 924
Default To Our Children's Children's Children, On the Threshold of a Nightmare

On Thu, 29 Jan 2009 15:02:40 -0500, "Eisboch" wrote:


"thunder" wrote in message
et...


Sub-prime loans are, or more to the point, derivatives of sub-prime
loans. The heart of this economic collapse was greedy, incompetent
businessmen. When Lehman Brothers leveraged themselves over 33 to 1,
thinks get a little dicey when things go south. Compound that with a
herd mentality, and you get where we are. The government didn't do this,
but, hopefully, the government can get us out of this.



Not going to be easy.

http://news.yahoo.com/s/afp/20090129...20090129173404


Eisboch


Did I miss something? I've read that the percent of the bill going to
infrastructure is in the 5% range, yet the article above says this:

"The bulk of the bill's spending is aimed at bringing aging infrastructure
into the 21st century to preserve and improve the country's long-term
competitiveness in the global economy, creating millions of jobs in the
process."
--
John H

For a great time, go here first... http://tinyurl.com/d3vxvm

* Definition of a teenager?
God's punishment...for enjoying sex. *