I lived through the Savings and loan crisis.It did not affect me very much.So I don't think more bank closings will affect me too badly.triffid

Just to make sure everyone is informed here. The U.S. Government passed a bill that says products from other countries no longer have to be identified as such. So, if your looking to buy Amercian, good luck with that. Since now we won't know where our products are actually coming from. My guess is that many people were trying to buy Amercian products and import sales dropped. So our Government made it more difficult for us to identify these imported goods at the point of purchase.

Trust mme we know there both shit try
passing a law that says if it dont last 100
years you cant sell it fuck make it two years
that be a miracle all the products are made the same shit
when the quality of the product is defind by its competetion
and the competition is defined by the price and volume
you will never have a standard for quality
without goverment and Goverment we all know is shit
so there you have it all the quality of the Goods suck
when the dollar declines then more people buy goods from us
making our factories our jobs build then
the newest technology can be built then crash the other countries 
tell me how you trade stocks with no computers
and no cash
I tell you. You just eliminated the whole scandles
and all the fake wealth of people who think they own a part of a company
then try to fight over that company in court you be dead by time the courts are done

Quote from: cletushowell on August 16, 2010, 02:43:58 PM
...I tell you. You just eliminated the whole scandles
and all the fake wealth of people who think they own a part of a company
then try to fight over that company in court you be dead by time the courts are done

Yeah, I agree with practically everything you said.
Speaking of fake wealth, Obama's *stimulus*  **package** has about run out, or will in due course, and he's got no more bullets in his economic *gun* to fire at the meltdown bubble.

Look at this:
http://www.housingpredictor.com/double-dip.html
http://www.itulip.com/housingbubblecorrection.htm

Even if the housing prices bottom out from falling further, unemployment, as well as increasing mortgage default rates---which are badly spooking Washington analysts now---will signal no end in sight.
If it isn't the former Gulf oil spill contributing to unemployment (it can, easily) then there's a potentially crazy maniac in N. Korea, earthquake survivors in Haiti, newly disastrous flood survivors in Pakistan (fresh floods coming in a few days to 20,000,000+ victims), the euro zone financial uncertainty, and any/all other future, unknowable natural disasters.

People are getting scared and angry.  But, cletushowell has a point in being down on the economy and the greed that caused it.
The ancient Roman Empire in the 5th Century experienced some of the same problems the world today is.  That collapse started the Dark Ages.

Now, people want to receive debt-loaded bailouts, but they want someone else to pay for it while they continue to spend freely with more debt of their own.

Nobody gets absolutely everything they want.  Especially now.  The bubbles are deflating.

REEDIT:
Lastly, just in to me...
http://finance.yahoo.com/career-work/article/110344/what-the-double-dip-recession-will-look-like

--Lee

Just a balanced budget, for 30 years, will pay off all U.S. debt, just like making a 30 year house note, the U.S., with balanced budgets, would pay off 30 year treasury bonds. Now, getting to a balanced budget, now that's where alot of us disagree?triffid