welcome to the global market. the biggest factor i feel is credit, nobody buys anthing with their own money anymore, everyone owes so much money there is no catching up. and it just got to a point where it has caught up to us.




as for the banks failing, why should we bail them out? because think of the company you work for. where do they keep their money? chances are its not at the owners house under his pillow. if the bank goes under your place of employment goes under, its just just the banks that suffer its all the businesses that bank there and all the individuals that bank there.


allot of the problem is that we had a good economic time in the 90's people got stupid and didnt realise that there are ups and downs in the market, they blindly believed that it would always go up and they got greedy and the higher it went the greedier they got thinking it wouldnt go bad on them. forgetting that the market has a way of resetting itself. and then it fell out on them.


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