"bpuharic" wrote in message
...
On Thu, 22 Jul 2010 06:37:25 -0600, Canuck57
wrote:


Number one reason people get in trouble is debt. More debt than they
can manage. And always more debt than is good for them.

more bull****. you guys are clueless

ever wonder why, all of a sudden the ENTIRE middle class is having
problems even though this was not a problem 10 years ago?

gee...is it a change in the middle class OR a change in the policies
of wall street. well, let's look at evideence, shall we?

1997 CDO's 1 trillion
2007 62 TRILLION

yeah i'm sure the middle class had a BIG role in that...

god...you guys would drown in the rain if seomeone didnt take you in


bpuharics of the world, dime a dozen debt mongers in open denial of the
facts.

US houselhod wealth 2005 65 trillion
2009 55 trillion

so tell me how the middle class caused this.

you're such an idiot.

No, you are the idiot. Always been a percentage of middle class on the
verge of financial trouble or in financial trouble. Probably more now, as
the mentality, was buy it now, as everything is going up in value, and I can
turn the house for a $2-300k profit after 3 years and pay off the stuff.
Ponzi. Lots got caught, probably you with your crying. Older daughter and
son in law, got caught somewhat. Sold good, solid dividend paying stock and
went 100% dot.com. Lost most of the money. Were pretty well to do on paper
for about 2 years. CDO's would barely affect you if you did not invest in
them and kept a decent portfolio. You would be affected, but not that much
as the whole financial world was hit by it. But invest in good, basic
industries that will survive as their products are always required. People
will always buy toilet paper, oil will be required for ours and at least
another lifetime. People will still buy beer, and tobacco products,
probably more when they are sitting around on the dole. Buy a house you can
afford. 3-4x your yearly income maximum.