1.4 Million Bankruptcy Claims expected in 2008 »
Posted by: realestateinvestor 2 months, 4 weeks agoBankruptcy rates are 39% up in the first quarter of 2008.
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cowboygrandpa2 months, 4 weeks ago
Well, That is what we get for having an idiot as the president and a bunch of do nothings in the senate and congress.
This has been coming for years. Reaganomics has caught up to us. Voo Doo ecomnomics hell. More like suicidal economics.
But hey supply side economics. Yeah!!! Now there is a joke.
What did Bushes buddies the Saudis' say to Bush when he asked them to bail him out.
That would be a hell no!!!!!! Here is a simple thing thing to remember. If it looks to good to be true, it ususally is. If you can't figure out how things are going to continue in the economic mode you are in. They probably won't.
If you are in over your head. Don't hold on to the lead weight holding you down, you'll drown.
Greed will eventually break most people.
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Teech2 months, 4 weeks ago
Another of the many legacies of "The Great Decider."
Add this to the killed, crippled, and maimed in Iraq. Add this to increasing unemployment. Add this to energy prices that have increased five fold. Add this to a 10 trillion national debt in only 8 years, after starting out with a balanced budget and a treasury surplus. Add this to a dollar that has lost over 40% of its value since he took office. Add this to 50 million Americans with no health coverage. Add this to a nation more divided than at any other time in American history. Add this to being the most hated man to ever occupy the oval office, AND the most incompetent.
Mission accomplished, indeed.
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ZigiMe2 months, 4 weeks ago
But, if you're in the market to buy...there may not be a better time.
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cowboygrandpa2 months, 4 weeks ago
Wolfie:
Deadbeats!!!! Hahahahahaaahahaaaa.
Yeah, people who have lost the jobs and and have no way of paying their bills are deadbeats to you huh?
Well I guess when a businessman claimed a bankruptcy in business that was alright though right?
Typical neocon remark. Blame those who have little say in the economic process for the failure.
Yeah it wasn't the policies of the government that fostered the melt down. It was the deadbeats. LMAO at your thought process.
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Natureboy2 months, 4 weeks ago
When you lose your home and find yourself out on the street, boyo, remember your "LOL."
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MRCOFFEECAKE2 months, 4 weeks ago
Yeah, what are we squawking about? The
economy is just fine..isn't it, you blind fool?
Ha ha ha..other people struggling is just hilarious, isn't it?
This is typical of these fools..
You know who you are. If you can't stop the denials and admit you've defended the wrong people far longer than anyone with common sense and decency, at least SHUT UP and slink away, like any other snake...OK??
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dunkirk2 months, 4 weeks ago
ANother wonderful legacy of the Bush administration. There hasnt been this much financial disaster since the Great Depression and yet McLame wants to continue it. The Great American dream at one point was to own a house with the economic policies of the right that is exactly what its returning to a dream.
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CrawfordBizDev2 months, 4 weeks ago
Doesn't take a lot to qualify these days, I think that might be part of the problem.
I'm no economic genius, nor do I claim to be, but banks are practically begging people to buy right now. Wouldn't overextending now be part of the problem later?
Dunno, really an honest question to you all. All I see are realtors screaming that it's the right time to buy and that people who have very little credit or cash can qualify. Wouldn't going out on a limb here end up being more fuel for the fire down the road?
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dunkirk2 months, 4 weeks ago
I believe part of the problem was determining qualification. The mortgage fiasco hitting now was basically letting people believe they could make payments that they couldn't. THis was the one sector of the economy that the bush claim to boom was tied to. When the bubble burst it took down the house of cards. THis is far far worse then the internet bubble of 2000 since its affect is far greater. Yet instead of reeling it in earlier the Bush administration let the bubble inflate, especially since it was the only thing sustaining his claim of a robust economy.
Today you not going to afford a house payment based on what your making in the new service economy the Bush administration has fostered on this country.
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MRCOFFEECAKE2 months, 4 weeks ago
Don't you understand that the American dream was about the ability to grow into a middle class through hard work??
Well, don't you realize that no hard working Americans are in a position to dream anything now..THEY ARE ALL STRUGGLING..
Only Marie Antoinette is so oblivious to think they can afford cake..GET IT?? We're in trouble!
Or would you care to explain how $4.50 gas is good for us too?
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MRCOFFEECAKE2 months, 4 weeks ago
Yep..as hard as BUSH tried to redefine bankruptcy laws so his administration wouldn't look as statistically bad when honestly compared to others they STILL can't dishonestly hide it!
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nostalgia2 months, 4 weeks ago
"With Americans filing a record 1.4 million personal bankruptcies last year, the House of Representatives tonight overwhelmingly approved sweeping legislation, proposed by the nation's largest banks but opposed by consumer and civil rights groups, that would make it harder for many people to erase their debts."
http://query.nytimes.com/gst/fullpage.html?res=...
Note the first sentence: "With Americans filing a record 1.4 million personal bankruptcies last year"
When was this article written????
May 6, 1999
So the was a record 1.4 million bankriptcies filed in 1998
Who knew????
Clintonomics????
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Natureboy2 months, 4 weeks ago
Read the factual correction at the end of your linked article!
"Correction: May 18, 1999, Tuesday An article in Business Day on May 6 about the passage of bankruptcy legislation in the House of Representatives misstated the increase in personal filings in 1998. There were about 48,000 new ones, not 300,000."
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DPittman2 months, 4 weeks ago
Wonder how many of those people that lost their jobs and can't pay their bills manage to find the money to pay for cell phones, IPods, Playstation, cigarette and beer. This has nothing to do with Bush or Congress it has to do with people making bad decision and then looking for someone to bail them out. "Hard work" use to be the American way, now it seems to be "What can you do for me?"
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MRCOFFEECAKE2 months, 4 weeks ago
Yeah, you out of touch arrogant insincere idiot, GAS, INSURANCE, MEDICINE and FOOD involve real bad buying decisions.. They don't deserve to eat or drive or have insurance, they'd rather have an Ipod..Your comment is despicable..Get real..(or get a conscience)
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I'm a real estate investor. In 1998 as a real estate broker, I started writing about real estate investing. Feel free to view my ...
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