Bush: Banking system is ‘basically sound’

[clacy]

Quote from Arnie:

How old are you guys?

You think this is bad?

Todays unemployment rate 5.5%. In 1932 it was over 23%. in 1982 it was nearly 10%

Todays Prime Rate 5%. In 1981 it was 21%

Look around you. Houses have never been bigger. Try finding a car that is over 10 years old on the road. Go to a resturant this weekend and see if you can get a table.

What a bunch of pussies.

I agree that things aren't that bad right now and most people are f*cking pussies, but it's the things that you just described that have gotten us into this mess...........

big homes (too big for most people, a few weeks of unemployment away from foreclosure)

people buying new cars every 3 years and rolling their ballance into the new note each time.

eating out every meal, big screen tv's, etc, while they are in debt up to their eyeballs.

 

[lasner]

Quote from Arnie:

How old are you guys?

You think this is bad?

Todays unemployment rate 5.5%. In 1932 it was over 23%. in 1982 it was nearly 10%

Todays Prime Rate 5%. In 1981 it was 21%

Look around you. Houses have never been bigger. Try finding a car that is over 10 years old on the road. Go to a resturant this weekend and see if you can get a table.

What a bunch of pussies.

Give it time....give it time. You haven't seen shit yet. Wait until the Fed has to raise interest rates to curb inflation. Wait....just wait.

 

[cgtrader]

Quote from Arnie:

How old are you guys?

You think this is bad?

Todays unemployment rate 5.5%. In 1932 it was over 23%. in 1982 it was nearly 10%

Todays Prime Rate 5%. In 1981 it was 21%

Look around you. Houses have never been bigger. Try finding a car that is over 10 years old on the road. Go to a resturant this weekend and see if you can get a table.

What a bunch of pussies.

No Country for Old Men...

And you believe everything the government tells you, that is good for a laugh.

Right because houses(negative equity) are bigger now, yet savings are negative, things are better now right?

But don't notice that the North American economy has been hollowed out and shipped overseas. Don't notice that Americans are collectively bankrupt as well as the government.

I'm afraid analyzing the economy these days takes a little more than noticing if houses are bigger or if Denny's is full.

 

[Trendytrader]

Quote from Arnie:

How old are you guys?

You think this is bad?

Todays unemployment rate 5.5%. In 1932 it was over 23%. in 1982 it was nearly 10%

Todays Prime Rate 5%. In 1981 it was 21%

Look around you. Houses have never been bigger. Try finding a car that is over 10 years old on the road. Go to a resturant this weekend and see if you can get a table.

What a bunch of pussies.

Dude todays stats you are referencing are baked up. Can you provide kind-for-kind numbers please.

 

[bahdabing]

Quote from illinimatt81:

"I understand there's a lot of nervousness," Bush said. "The economy is growing. Productivity is high. Trade's up. People are working."

What a dufus.

"Trade is up" Hahahahahahahahahaa WTF????


Trade is up all right----because the dollar is so worthless even the Iranians want in on it.

 

[kickboxers]

insolvent banks should just file for chapter 11 and capital restructuring.

incumbent shareholders (owners) get nothing for messing up the business. period.

Quote from Tums:

You know you are in trouble when he says that...

Bush: Banking system is ‘basically sound’

<img src="http://msnbcmedia3.msn.com/j/msnbc/Components/Photo/_new/080715-bush-presser-hmed-821a.hmedium.jpg">

http://www.msnbc.msn.com/id/25687265/