Tiger02
Clarksville, TN
Full Member
Joined: 10/05/2007
View Profile
 Offline
|
Not scared here as it pales in comparison to 29 (my dad, born in 22, has some good stories to tell that we will never see again). No run on banks and with the FDIC, as long as you're smart, your money is safe and well. People took out loans they couldn't pay and banks foolishly lent them the money. Market will re-adjust and we will be fine. No way is this the governments fault as banks and people made stupid decisions and greed got the better of people making decision.
Bottom line is the economic cycle will continue, the weak will fall away and the strong will emerge healthy. No other country like the US.
2006 Keystone Outback Sydney Edition 30 FRKS
pulled by 1997 Ford F350 Crew Cab Dually, 7.3 PSD, Auto Trans, 4.10 gears, AFE Intake, MBRP 4" Exhaust, Triple Gauge set on the A-Pillar, Super Chips Tuner, Beans Fuel System and 106,000 miles.
|
WTTCS
freedom , U.S.A.
Senior Member
Joined: 07/28/2003
View Profile
|
Lets get Jimmy Carter back . I got some cash and I love that 22 percent interest.
Some people just never learn.
1997 chev crew cab 454, 5 sp. 4.10
2000 Fleetwood Caribou 11.5
|
topflite51
In The Desert of Nevada
Senior Member
Joined: 05/13/2004
View Profile
|
WTTCS wrote:Lets get Jimmy Carter back . I got some cash and I love that 22 percent interest.
Some people just never learn. Let's not.
 David
Just rolling along enjoying life
|
bananadanna
Cambridge, MA
Senior Member
Joined: 11/30/2005
View Profile
Offline
|
Hurricaner wrote:No, the sky has never fallen like this, at least not since 1929. The biggest bank failure by a factor of 10 just happened and it barely made the news. If that does'nt scare you, I want whatever it is you're drinking.
Sam
Are you saying this is 10x larger than the savings and loan crisis that took down 747 banks?
* This post was
edited 09/28/08 07:08pm by an administrator/moderator *
Dan
02 Freightliner Sprinter 2500 long tall home brew conversion
|
rstanek
Holmen, Wis.
Full Member
Joined: 03/04/2007
View Profile
Offline
|
I don't think it is as bad as the media would like it to be. If you say it is bad long enough, it will be a self fullfilling prophecy. Jusy my 2 cents that I used to have, but now it is going to some CEO so he or she can have ther 10 million dollar bonus for running a failing comp.
2007 Eagle 322FKS
2008 Chev Silverado 6.0 4:10
|
|
|
chuckster11
Idaho
Senior Member
Joined: 04/30/2004
View Profile
|
As soon as the election is over, everything will be back to normal. The biased media, unable to influence the election thru scare tactics will go back to their usual whining and sniveling about the new president and the consumers will be back to buying "stuff".
Bailouts for industry are not unusual and they don't hurt the taxpayer--many of you are towing your trailers with Dodge pickups--the product of a specific company that was saved (wisely) by the American taxpayer. Many people said that wouldn't work but it has.
We have a strong basic economy, certainly much better than any other nation on the earth. We will soon start to fully develop all our natural resources, weaning ourselves off foreign dependence, we will develop nuclear power, we will both survive and thrive. We are Americans, that is what Americans do.
|
Sea Dog
Ontario Can.
Senior Member
Joined: 04/15/2001
View Profile
Offline
|
Your point is?
This General RVing Issues forum is fast becoming the Doom and Gloom forum. Maybe they will start a new forum for you, then you can leave this one to General RVing issues.
My point is that unless we are very lucky, the RV lifestyle will become the province of the very wealthy, just as owning a large boat was fifty years ago.
Anyone who believes that things are great, that the RV builders will rise out of the ashes in a year or so are, I am afraid, out of touch with reality.
Life is short,Death is long,
Take a vacation.
|
mking
Indianland,South Carolina
Senior Member
Joined: 02/14/2006
View Profile
Offline
|
Personally I don't think the taxpayers should bail wall street out.Lets put it up for a vote and see which way it would go.The banks and big investers made some really bad decisions so my take is to let them reap what they sow.And times will get tighter but like stated if you pay your bills and don't go in over your head you will be OK.
2006 Dodge Quad-Cab 2500 CTD,4;10 gears,pulling a Forestriver Flaggstaff 831qbss
|
Charlie D.
Gonzales, La.
Senior Member
Joined: 09/12/2006
View Profile
|
Tiger02 wrote:No way is this the governments fault as banks and people made stupid decisions and greed got the better of people making decision.
I believe the government is largely at fault for too much deregulation and letting the inmates run the asylum. It began in 1999:
By STEVEN A. HOLMES
Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer (and current Obama advisor) . ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
As OzarkPreacher said in another post: The government "blackmailed" Fannie Mae and Freddie Mac.
Enjoying Your Freedom?
Thank A Veteran
2007 Holiday Rambler 32SKT
2006 Chev LT D/A CC
|
topflite51
In The Desert of Nevada
Senior Member
Joined: 05/13/2004
View Profile
|
Sea Dog wrote:
My point is that unless we are very lucky, the RV lifestyle will become the province of the very wealthy, just as owning a large boat was fifty years ago.
Anyone who believes that things are great, that the RV builders will rise out of the ashes in a year or so are, I am afraid, out of touch with reality.
There is not enough very wealthy people who RV, for the RV lifestyle to become the province of. Whatever the RV lifestyle is by the way.
I for one do not believe things are great, nor do I even want every Tom, Dick and Harry RV company to rise up from the dead. They are better off dead, the RV industry will be better for it.
This country has been running on luck for a long time, is it cause for all the recent Doom and Gloom posts? Not by a long shot. Times will get tough, no doubt. Will they get worse then they currently are, probably. Will times reach depression era proportions, probably not.
Bottom line is, if the RV world disappears, so what. It's been fun. Just might be time to move on to something else. Will I cry if that happens? Nope. I will only do that if enough of them do not visit my museum on wheels.
|
|
|
