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You're on crack dude if you even believe anything you wrote applies to anything but some small chunk of the country where all those Wall Street bonuses are being spent. In the real world....

Who exactly is getting rich here anyways? Except the employees of a few Wall Street firms? Stock owners are still down 30% or so from Dow 14,000. ie: nowhere near recovered. Only people who seem to have done okay are US government bond owners and MBS owners. Foreigners, ie: China...

Not true at all. H1-B's are paid less than American workers, so they're not any more qualified than American workers (otherwise they would be paid more). The past decade has been accentuated by high American graduate unemployment and large imports of H1-B's -- just how is that working out...

Why would the banks lend any more than they already are? There's hardly any business in America actually worth lending to. And actually worthy businesses have no problems whatsoever obtaining all the credit they need at ultra-low interest rates. We already have an epic glut of...

Why wouldn't a 'small business' just take the TARP money and throw it into the stock market. Just like the "big banks" did? Or hoard it to cover future losses? What sort of 'small business' would rationally grow capacity in this environment?? Funding small business isn't the problem...

Well the concept of 'writing them off' is just one of accounting. I would submit that as long as the accounting remains fraudulent, a recovery will be impossible, as people will simply continue to have no faith and confidence. Legitimate economic growth, a legitimate economy, involves...

If anything, the problems have just become worse. Unproductive and toxic industries (ie: financing, trading, etc.) have not been purged. Collateral continues to weaken as the ability of the population to service such debt is shrinking. The size of, and cost of government is on an...

Yeah its pretty ridiculous, considering teachers' colleges are full of flunkouts from engineering and business schools.

When comes the point where "joe sixpack", en masse, just 'gives up'? Stops producing nothing more than what is strictly required for the survival of himself and his family? What will those 'government' people do then? Oh wait....that happened a long time ago, as America hasn't produced at...

What happens to Taiwan and South Korea if the US is unable to pay its soldiers and provide assistance to those countries? Israel??

Nice Bell Labs ad on Page 12. Who would've known that such an organization was to crank out so much technology that's enriched our lives so greatly. Now its all gone though, turned into a shopping mall apparently in New Jersey :(. Whens the last time you've seen an ad that brags about...

Many of us have. Typically, the sort of response received from politicians has been, "the unemployment rate is low, just get another job". The victims of this mess have been treated as though they're just a bunch of unemployed losers who aren't very smart and didn't invest in skills.

So true. New-grad engineers are told, "because you're inexperienced, we shouldn't have to pay you very much because the training is a valuable benefit". Experienced engineers are told, "we can just get a young guy or foreigner to replace you, so why should we pay you a proper salary"? So...

BTW, does America even have a single congressman or senator who is an Engineer? Canada has only one, Stephen Fletcher. Also a quadraplegic. And its very rare, even for engineering functions of government to be 'headed' by engineers. Technical and scientific people have been completely...

The problem with H1-B is that hundreds of thousands of born and raised American scientists and engineers are unemployed. And the ones who are employed, aren't really earning very good salaries. Certainly not salaries that are commensurate with their contributions. If new engineering grads...

Sounds like the Canadian mortgages that are structured such that the bank, in its sole discretion, can determine the interest rate applicable to the loan. Amazing, isn't it, how f*cking stupid people are.

I've said this a few times and in a few different places -- by the time this mess is all said and done, none of the big banks will exist as going concerns, and all of the big accounting firms will have been most thoroughly discredited, along with the profession itself.

Force lending to qualified scientific, engineering, and manufacturing professionals to start businesses. Let the parasitic sectors of the economy die like they should.

Why don't these guys just default and tell whomever sold them Citigroup at $31 and change to go f*ck themselves? Besides, its pretty obvious, at this stage, that Citi's financials were, hmmm, for lack of better words....fishy?? Fraudulent inducements in contracts are grounds to nullify...

Why would shareholders be happy with this company? Or any company in the financial sector? Shareholders get about $700 million or so. Employees get $17 billion in bonuses that the company is not contractually obligated to pay, in a labour environment where every worker could be replaced...