After the stimulus money and bail outs to Wall Street we were supposed to see the banking community loosen up their purse strings and start giving mortgage loans, car loans, etc. Not to mention small business loans that have not been forthcoming since the bailouts.
I have not seen any example of consumer level loans increasing in the last few months, and it really “grinds my gears”. It’s a complete rip-off and we all could see it coming. Goldman Sach’s latest report shows them with a 75% increase in revenue since the last quarter.
We need to complain loud and clear about this. You can email your congressional leaders and let them know how you feel. I have enjoyed some of the post bloggers have been writing about companies like Goldman Sachs.
Basically the companies that got the bail outs and money from the “stimulus” just used the money to leverage themselves and their shareholders into more profits. It’s a pathetic scene as the politicians sit there watching and shrugging their shoulders.
And yes, the foreclosures are continuing along with dwindling real estate market. Nothing has really changed, and the middle class and the lower middle class are still getting clobbered.
America is in a state of financial denial as their citizens are falling down a slippery slope soaked with the blood innocent people struggling to keep their sanity because it’s the only thing they have left to keep – their homes, cars, jobs, and dreams are long gone already.
Sure there are some fortunate people that are doing alright, but if this “real” economy continues to tank, their “good times” are going to end too. The reality is that the stimulus and bail out money has only delayed the likely outcome in the United States (and around the world).
I don’t want to see million upon millions of people suffer, but sometimes I wish the economy would tank enough to really ruin the big banks and the rich who put us here. The very fact that these bohemian banks are getting more money as the middle class hangs on for dear life makes me surprised that no-one had put on their balaclava, loaded their favorite hand gun, and started shooting Wall Street executives as they walk in and out of their cushy offices and fancy cars.
In California some claim that the housing market is turning around, but the truth is that California is hurting. I read the other day that the State Government was going maybe going to have to close some public parks! I think the banks should start paying for ALL public parks across America. They can provide free RV and trailer park spots too as more and more Americans are living in trailers.
Even better – let these Wall Street CEOS live in the trailer parks. Then I could drive my RV from park to park and bitch slap these bastards on a daily basis.
Other Posts of Interest
A LOAN CALCULATOR FOR CRUNCHING YOUR NUMBERS IS BELOW; Enter your loan amount, how many years, the interest rate, and payment frequency (14 for biweekly, 30 for monthly, 7 for weekly. Very helpful so you know exactly what the loan will cost you in interest payments and you will know the total COB (cost of borrowing).
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