It is PURE, 100% BOVINE EXCREMENT!!!!
"Americans watched their net worth shrink by $1.3 trillion in the first three months of this year"
While Goldmans got RICH?
That's THIS YEAR, not LAST YEAR, folks!
You have been LOOTED in the GREATEST HEIST in HISTORY!
And YOU'RE LUUUUVVVIN' IT!
"More in US say debt is causing them less stress; Americans using frugal strategies" by Jeannine Aversa, Associated Press | July 14, 2009
WASHINGTON - Unemployment is rising. Nest eggs are in tatters. Home values have tanked. And yet surprisingly, Americans are feeling less stress from debt these days.
Chalk it up to the power of positive thinking combined with people saving more, spending less, and trimming debt to cope with the recession. The upshot is that more people are optimistic that they will eventually be able to get out from under a mountain of bills, a major factor behind the decline in stress from last year, according to a Associated Press-GfK poll.
I say F*** the USURIOUS CREDITORS!!!
CUT UP the CARDS and STOP PAYING the BILLS!!!!
Oh, this was an AP POLL? Now I KNOW it is CRAP!!!
“People now have some optimism that the worst is behind them,’’ said Paul J. Lavrakas, a psychologist and AP consultant who analyzed the results of the survey.
Sigh: Slow Saturday Special: No Confidence in American Economy
The recession, the longest since World War II, is prompting Americans to take steps to get their finances in better shape. It has led to a newfound frugality that some believe will continue long after the recession ends.
Except for the RICH ELITES! You know, like Goldmans!
“People are doing things that make them feel they are taking charge of their lives again,’’ said Patricia Drentea, associate professor of sociology at the University of Alabama at Birmingham, who studies debt and stress. Ironically, some of these changes - notably a more cautious consumer - could add to the national economy’s stress. If Americans were to sharply cut back spending, that could prolong the recession.
Have YOU HAD ENOUGH of the SHIT SHOVEL because I SURE HAVE!! They got my heading spinning both ways with the endless diarrhea stream of fart mist!
There is no doubt that the recession, which started in December 2007, has taken a toll on Americans. It has snatched a net total of 6.5 million jobs and driven the unemployment rate up to a 26-year high of 9.5 percent in June.
There they go LOW-BALLING the DAMN NUMBERS again!
And HOW COME YOU HID the DAMN RECESSION for TEN MONTHS!??
Americans watched their net worth shrink by $1.3 trillion in the first three months of this year, due mainly to declining stocks and home values, the Federal Reserve says. On the other hand, Americans aren’t dealing with record-high gas prices as they were last summer.
You GOT LEMONS, 'murka, so SUCK ON 'EM, says the Boston Globe!
Credit and financial problems, which reached a crisis point last fall, have shown some signs of easing. But it’s still hard for many people to get loans.
I'm TIRED of the DOUBLE-TALKING BUTS, IFS, COULD BES, MAYBES, STILLS -- and all the other HORSE SHIT WORDS that are called "reproting." IN COLLEGE they told me those were BAD WORDS for a REPORT!!!!
“I wouldn’t conclude by any stretch that consumers feel safe or comfortable. But I think the uncertainty has mitigated. Some of the big fears people had at least disappeared some,’’ said James Hamilton, economics professor at the University of California, San Diego.
Yeah, JUST WAIT UNTIL SEPTEMBER when the BANKS SHUT DOWN!!!
Last year, 33 percent said they were at least “somewhat concerned’’ that they would never be able to pay off their debts. That’s dropped to 27 percent this year, the poll shows. Chris Norton, 32, of Robbinsdale, Minn., said he’s much less stressed over debt.
“The debt that we have accumulated . . . it’s gotten knocked down to a reasonable place, where it doesn’t bring stress any more,’’ said Norton. “We have the state of mind that if we keep plugging in the right direction it will kind of work out.’’F***ing slave.
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And ALL THAT HAPPY TALK on the s*** economy?
PFFFFFFFFTTTTTTT!!!!
"Lender CIT in talks about seeking federal aid" By Stevenson Jacobs and Daniel Wagner, Associated Press | July 14, 2009
NEW YORK - In a sign the financial crisis is not yet over, CIT Group Inc., the No. 1 lender to small and mid-size US businesses, is holding advanced talks with the government about receiving emergency federal assistance, officials said yesterday.
Readers, do I have to type it?
Yup, ANOTHER BAILOUT on its way!
A main focus of the negotiations, which involve the Treasury Department and other agencies, is CIT’s request to receive help through a Federal Deposit Insurance Corp. program that would guarantee the ailing lender’s debt, two sources briefed on the talks told the Associated Press. They spoke on condition of anonymity because the negotiations are ongoing.
But the FDIC has so far resisted the idea, the sources said, citing concerns about expanding the Temporary Liquidity Guarantee Program beyond its original purpose as well as the risk of backing CIT’s debt should the company fail....
Related: FDIC Preparing For Massive Bank Failures
A collapse of CIT, whose 1 million clients include big names from the franchisees of Dunkin’ Donuts to retailer Dillard’s Inc., could deal a devastating blow to the economy by cutting off financing just as businesses need it most, analysts warned.
That in turn could force thousands of small and medium-size companies to drastically cut costs or shut down - driving up unemployment and dashing hopes for a swift economic recovery.
It's going up anyway and you guys have been crowing saying it's a lagging indicator. WTF?
“They’d have to lay people off, downsize, and maybe shut their doors,’’ independent banking analyst Bert Ely said of CIT’s clients. “It would hardly be positive for the economic recovery.’’
CIT’s crisis brought back memories of the brutal losses suffered by fallen Wall Street firms like Bear Stearns and Lehman Brothers. It also posed yet another challenge to the Obama administration, which is struggling to right to the economy despite an $787 billion stimulus and a raft of federal bailout programs.
So what you are looking at here was a BIG-TIME LOOTING!
And WHATEVER HAPPENED to those TRILLIONS in LOAN LIQUIDITY Treasury and the Fed tossed into the economy!
Companies that depend on CIT for financing are already weighing the consequences of possibly losing the lender. “If CIT were to go away, it would take a financing option away from our franchisees who want to buy stores or expand their networks,’’ said Michelle King, spokeswoman at Dunkin’ Brands Inc., parent company of the Dunkin’ Donuts chain.
For the apparel industry, a collapse of CIT would have “near cataclysmic,’’ consequences for its small to mid-sized clients, said Andrew Jassin, cofounder of Jassin-O’Rourke Group an apparel consulting company. The retail and apparel industries, which also include CIT clients like Dillard’s and Bon-Ton Stores Inc., is preparing for the critical back-to-school selling period and is in the midst of ordering merchandise for the holidays.
Oh, I SEE WHAT THIS IS! THis is a SHAKEDOWN like the zoo, right?
Crying poverty so they can get the bailout!
“This could affect the lifeblood of the flow of goods to the stores,’’ said Vincent Arscott, senior director of Fitch Ratings.
The LIFEBLOOD?
Stop making an INORGANIC OBJECT (money) into a FEELING THING, you sickening sack of s***!
Apparel industry insiders say it would be very difficult for rivals to absorb CIT’s clients because other lenders are already under financial strain, leaving many orphaned suppliers potentially without any access to financing.
Where did those trillions go!?
Speaking in London, Treasury Secretary Timothy Geithner suggested help could be on the way but gave no specifics.
So WHAT is HE DOING in London and WHY SO QUIET about it, MSM?
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