Comments on: Who’s To Blame For The Recession and Depression http://20yearbillionaire.com/2009/04/13/whos-to-blame-for-the-recession-and-depression/ Learning to become independently wealthy, follow my progress. Almost $200,000 made since 2009. Mon, 31 Jan 2011 10:07:20 +0000 hourly 1 http://wordpress.org/?v=3.0.3 By: Janet Reyen http://20yearbillionaire.com/2009/04/13/whos-to-blame-for-the-recession-and-depression/comment-page-1/#comment-733 Janet Reyen Tue, 08 Dec 2009 08:02:23 +0000 http://www.20yearbillionaire.com/?p=379#comment-733 Our country was also hit hard by the Economic Recession. At least we are seeing some signs of economic recovery now. I hope that we could recover soon from this recession. *....... Meh Our country was also hit hard by the Economic Recession. At least we are seeing some signs of economic recovery now. I hope that we could recover soon from this recession.
*…….

Meh

]]> By: Noah Caleb http://20yearbillionaire.com/2009/04/13/whos-to-blame-for-the-recession-and-depression/comment-page-1/#comment-697 Noah Caleb Sat, 14 Nov 2009 09:28:00 +0000 http://www.20yearbillionaire.com/?p=379#comment-697 Just like that we cannot blame everyone. It is the Government that should take the entire responsibility. Is it safe to invest in foreclosure homes in Canada? Just like that we cannot blame everyone. It is the Government that should take the entire responsibility. Is it safe to invest in foreclosure homes in Canada?

]]> By: pk http://20yearbillionaire.com/2009/04/13/whos-to-blame-for-the-recession-and-depression/comment-page-1/#comment-654 pk Wed, 07 Oct 2009 22:33:46 +0000 http://www.20yearbillionaire.com/?p=379#comment-654 Blame goes back much further to the loss of manufacturing jobs which, 20 years ago, started the trend of no wage growth in most sectors. To make up for it, cheap money became available through loosening of credit card and banking regulations in the 1990s during the Clinton years. Much of the malaise started back then, not in the past five years. The sub-prime debacle was a product of the opportunities in the system and many different groups taking advantage of it. The day that the average Las Vegas cocktail waitress or stripper could brag she owned 3-5 condos we should have all known. This type of overleveraging buyer was created years before the collapse. The problem was, even those who knew it was a game of musical chairs couldnt get out of the game fast enough Blame goes back much further to the loss of manufacturing jobs which, 20 years ago, started the trend of no wage growth in most sectors. To make up for it, cheap money became available through loosening of credit card and banking regulations in the 1990s during the Clinton years. Much of the malaise started back then, not in the past five years. The sub-prime debacle was a product of the opportunities in the system and many different groups taking advantage of it. The day that the average Las Vegas cocktail waitress or stripper could brag she owned 3-5 condos we should have all known. This type of overleveraging buyer was created years before the collapse. The problem was, even those who knew it was a game of musical chairs couldnt get out of the game fast enough

]]> By: bgf http://20yearbillionaire.com/2009/04/13/whos-to-blame-for-the-recession-and-depression/comment-page-1/#comment-602 bgf Wed, 20 May 2009 22:48:17 +0000 http://www.20yearbillionaire.com/?p=379#comment-602 check out the New York Times article dated 9/30/1999....it's the best description of a smoking gun that I have seen.....read it for yourself.....easy to find....enjoy check out the New York Times article dated 9/30/1999….it’s the best description of a smoking gun that I have seen…..read it for yourself…..easy to find….enjoy

]]> By: Melvin http://20yearbillionaire.com/2009/04/13/whos-to-blame-for-the-recession-and-depression/comment-page-1/#comment-578 Melvin Wed, 15 Apr 2009 04:21:30 +0000 http://www.20yearbillionaire.com/?p=379#comment-578 Great post. I too agree with you that the government is to blame for all this mess. I know that at the risk of becoming too socialist, the government let the market do what's best. But in this case, the market turned absolutely corrupt and brought everybody else down with them. Look at Canada and Norway! Look at how they are somewhat 'surviving' in this global economic crisis. Nobody knows how much longer they'll be able to weather the storm either. Great post. I too agree with you that the government is to blame for all this mess. I know that at the risk of becoming too socialist, the government let the market do what’s best. But in this case, the market turned absolutely corrupt and brought everybody else down with them. Look at Canada and Norway! Look at how they are somewhat ‘surviving’ in this global economic crisis. Nobody knows how much longer they’ll be able to weather the storm either.

]]> By: stan http://20yearbillionaire.com/2009/04/13/whos-to-blame-for-the-recession-and-depression/comment-page-1/#comment-576 stan Tue, 14 Apr 2009 18:29:35 +0000 http://www.20yearbillionaire.com/?p=379#comment-576 did you mean to imply that most are the blame in every group... or ...that a percent of each group .... did you mean to imply that most are the blame in every group… or …that a percent of each group ….

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