FRONTLINE | Inside the Meltdown | Sneak Peek 1 | PBS

[pimaggot]

The problem is all of this money used to bail out these companies comes from you and I. But in order to stay afloat these companies need to rip us off - so the government has to come in and play watchdog- they should have let aig fail just like lehman brothers - let all of it fail. Let this fragile stack of cards go crashing down and rebuild it on a firm foundation. Require twenty percent down payment to get a mortgage. Only have ten year mortgages.

[lialammas]

The more I read and find out about this mess the more I remember my Dad's philosophy , money is only good if you can use to buy a real estate or some collateral. Do not put to much in the bank or in the market because is like gambling, you loose control of it.

The worse part is that we cannot recovery our money or our gains. We are the biggest looser generation.

[x170063]

@lialammas I think you Dad may have recalled the Great Depression, and he was a very, very smart man.

[garyowen4ever]

where are the PERP WALKS, like in the enron era of crime,, AINT ANY, CAUSE ITS JUST ONE BIG OLD WHOREHOUSE.....THE MAJOR MEDIA, WALL STREET AND OUR WORTHLESS WASH D.C. GOVT. A POX ON THEM ALL.

[zorbacci]

When all the money in circulation is due back to the federal reserve, plus interest, lack of liquidity is enevitable. All the banks have to do is stop lending, and keep taking in mortgage and credit card payments.