"thunder" wrote in message
t...


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

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. *

On Jan 29, 3:32*pm, John H wrote:
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...radedispute_20...

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. * *- Hide quoted text -

- Show quoted text -

5%, that's it... No one has shown anything to dispute this.. They
have said it, but Lobsta' boats don't count...

On Thu, 29 Jan 2009 12:41:38 -0800, justwaitafrekinminute wrote:


5%, that's it... No one has shown anything to dispute this.. They have
said it, but Lobsta' boats don't count...

It's considerably more than 5%.

http://caps.fool.com/Blogs/ViewPost.aspx?
bpid=133150&t=01001019292467236494