I hate to say it but the chickens have come home to roost and it will now be a bumpy ride for many.
Years ago a president we had put investment banks under FDIC but did not apply the same rules to them as smaller banks. It was encouraged from the top to lend money to anyone so that every American could live the good life.
Oversized houses; SUV's; 4 wheelers; boats; and RV's for everyone that wanted one. Heck you can not make the payments; that's alright we will give you a interest only loan.
The stock market is going up at a record pace.
And now you want me to feel sorry for someone because they did not see this down turn coming.
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Today's Featured Article - A City Guy's First Tractor - by Fred Hambrecht. After living in apartments in Atlanta for more years than I care to remember, the wife and I decided to move to the country. Humming "Green Acres is the place for me..." we purchased a 29 acre tract about 60 miles south of Atlanta. Next came the house, I could talk about that ordeal for another two weeks... But, I want to talk about my tractor! We didn't even own a lawnmower, and all of a sudden we had enough grass to feed all the starving children of the bovine world. Naturally, I talked
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