As we sit back and look at the proposed government bailout of our financial crisis of 2008 I listen to commentators and pundits compare the financial crisis to the great depression and can't help but wonder where they studied their history. The great depression had tens of thousands of people living in tent cities, banks closing their their doors and leaving people with their life savings gone, and unemployment at nearly 30%. The crisis of 2008 has none of that and is really about a bunch of greedy and unethical lenders who have made very bad decisions and are now asking the american taxpayer to come to the rescue. Yes, we are in a crisis, and yes we are going to have to find a way to fix it but don't compare this greed to the great depression.

 
This post has been included in Virginia Information

4 Comments on Crisis 2008

SEP
27
2008
655,407 Points 104 Featured Posts Localism Sponsor Outside Blog Hit Router

Dan- there is also so much more about the depression that is not going to happen today, you are right, they don't know their history and worse yet, they are using scare tactics to make us all want to give our money to bail out wall street companies. Let the chips fall where they may. Will it be painful, of course, but it may just be what the doctor orders. Katerina

2:31pm • #1
233,033 Points 1 Featured Post Outside Blog

Dan, very valid points.  I must agree with you.  The 'sky is falling' motto is wearing thin.

3:08pm • #3

Tim & Pam:

It seems as though the sky has been falling for just over three years now and if people would start seeing the glass as half full instead of half empty, maybe we could move on to a more normal market.

5:59pm • #4

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

Dan Lesher, Broker, CRS, ABR, e-Pro, RDCPro

Fredericksburg, VA

More about me…

Realty World Select

Address: 2356 Plank Road, Fredericksburg, VA, 22401

Office Phone: (540) 371-7653 x 213

Cell Phone: (703) 501-4210

Email Me

A perspective on happenings in the real estate industry by Northern Virginia award winning Broker/Agent Dan Lesher of Realty World-Select.


Links

Archives

RSS 2.0 Feed for this blog

Find VA real estate agents and Fredericksburg real estate on ActiveRain.