The Low-Down on Libor: Why its Surge Signals Desperation in the Credit Markets

I'm sick of separating wallstreet and mainstreet.

Look let me make it clear to you people out there, Wallstreet is wallstreet because people over there bothered to know,try and risk in the name of investment. 9 of 10 times they would make nice profit.These is one of the 1 time the didn't make profit, but wallstreet is not a problem of this, its started from Politicians that you people voted for congress and white house. They are the one started this sub prime mess, they encourage home ownership and let even the people who can't effort it to own homes. What else you expect ? They can't pay and it becomes a mess in the chain. So who started the idea first ? Wallstreet ? No its your damn congressman and senators. Wallstreet will do what they do best make money in one way or other and you should thank them as without them you guys would be suffering like how you are suffering now. The wallstreet effect might not be direct but it plays a huge role indirectly. I'm not supporting wallstreet and the 700 billion plan but i'm saying that The system is corrupt and damaged from the very bottom because of politicians,lobbyist,greedy businessman. To fix this next time you vote open your god damn mouth and ask your representative about the economy and what plans he have to make it better. Before that take some effort to learn a lil about the economy and how it effects the country. It won't kill you if you did. If only you mainstreet did this in first place, you would understand and stopped this stupid politicians supporting unverified homeownership and that would stop a lot of mess that we face now. The only way we can change this is to stop relying on politicians and government to make decisions and mainstreet live a life in such a ignorant way. If mainstreet just bother to know a lil about congress and its actions and economy and how it effects us, then u can ask your congressman and senators to do the right thing and they would not think twice to to disobey you mainstreet.

So before blaming on the government,wallstreet,politicians and so on blame yourself as you could have made the difference from the very beginning.

All the speech that obama and mccain gives, till now i've never seen one person stepping up and asking the detailed questions with lazer sharp tone and demanding for an answer. You cant because you might as well don't know what to ask and how to ask even if you do, he would most probably outspoken you as they are bloody hell good in talking nonsense and make it appear like they know all the plans. I'm sick of people blaming everyone when problems happen. Blame yourself for not acting the last time. Now get up and understand a lil of economic and what congress been doing and wants to do and ask questions and demand answers not some lame old red or blue state speech !

Good luck !

John of CA @ Oct 05, 2008 11:30:55 AM

Why use LIBOR

Why do we here in America even use LIBOR

Philip Pirozzi of TN @ Oct 03, 2008 20:54:08 PM

Give to Americas Homeowners!

I agree with Olveth. We should help out our homeowners first. Give them a lower interest rate on thier loans. Why should Wall street get everything! Why should the average American have to pay for everything! If the Bail out passes and does nothing for the normal American. I think all those who voted for it will wish they hadn't on election day. That goes for both parties!

Tom of FL @ Oct 01, 2008 04:29:13 AM