Print Page | Close Window

Is it 1929 All Over Again? Trump Thinks So

Printed From: MiddletownUSA.com
Category: Outside World
Forum Name: News, Info and Happenings outside Middletown
Forum Description: It might be happening outside Middletown, but it affects us here at home.
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=667
Printed Date: May 03 2024 at 9:10am


Topic: Is it 1929 All Over Again? Trump Thinks So
Posted By: Middletown News
Subject: Is it 1929 All Over Again? Trump Thinks So
Date Posted: Nov 06 2008 at 2:31pm
Trump said on Fox news today, “No matter how strong you are, you can't borrow 10 cents,” Trump says. “And, I will tell you, this could lead to something very, very bad for the country and for the world.”

“It's a very serious problem, the likes of which we have not seen since 1929.”

Full Story: http://money.newsmax.com/streettalk/trump_banks_obama/2008/11/06/148418.html?s=al&promo_code=707B-1 - Trump: It's 1929 Again


Replies:
Posted By: Pacman
Date Posted: Nov 06 2008 at 4:13pm
And we are giving these Banks Billions for that very purpose, to loosen the lending and once again we the little guy get screwed.  Fifth Third is or has gotten $3-4 BILLION.

Posted By: Ernie
Date Posted: Nov 07 2008 at 7:46am
It was many people being, lets say "pushed" into making deals with people who had little or no money. They let them have, "CREDIT CARDS" and "LOANS" big loans. Because of this the working class who has been back bone to this country gets the smack in the face. I wonder why these people are not being held accountable for there blunders. So it has been reported that this problem just din't pop up yesterday but yet it was allowed to linger on untill someone stood up and said I thing we might have that need addressed. 

Posted By: arwendt
Date Posted: Nov 07 2008 at 8:50am

I think that every company that received a bailout needs to have someone held accountable. If they did not break any laws then we need to make a new law so the next time this happens someone has to pay. The fact that these companies got billions of our dollars in a bailout then treated themselves to a nice retreat shows how messed up this government is.



-------------
“Sell not virtue to purchase wealth, nor Liberty to purchase power.” Benjamin Franklin - More at my http://wordsoffreedom.wordpress.com/ - Words of Freedom website.

Posted By: HereIam
Date Posted: Nov 10 2008 at 9:55am

Now the big catch phrase is "Why Not Me?"  More and more are complaining that they did it right.  They bought a house within thier means, paid or are paying a fixed interest mortgage, and feel that they are getting the short end of the stick because they feel they are paying to bail out someone who was financially irresponsible.  This is the worst thing that could have possible happened.  Now people who couldn't afford a $200,000 home will be buying $500,000 homes.  When will it stop?


Print Page | Close Window