Should the US FED intervene to save the market?

Published: August 16, 2007, 4:57 pm

Tags: us stock market, us federal reserve

This is an intresting article about why the credit crisis in US market. Below are some great quotes from this article. “Is it my fricking fault that the mortgage companies made bad loans and now they have to pay up? Who in God’s name ever said that the Fed had to bail all these people out?” “TAKE RESPONSIBILITY NOW FOR YOURSELVES! Nobody and I mean nobody is responsible for you except yourself. You want that new car? Can’t buy it for cash? Then get a bike or walk! “ “Ignore the cries for help from Cramer and the other “experts’. You all know they are millionaires right? They are just mad the bet’s they made are not coming in.” “If you are a young person reading this, take responsibility right now for your debt. Don’t ever spend more than you make and don’t buy crap you can’t have for life. Debt ain’t worth it. never, ever, ever ,ever!”

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