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Originally Posted by hi_im_god
summary:
all my friends who made money when credit was easy are losing their asses now.
why doesn't the fed screw the economy and rescue my friends?
too bad for this guy we don't still have paul vollker as fed chairman.
you bought bad loans. the economy will get along quite fine during your soaking. inflating the economy to save your friends just delays and spreads the pain.
idiots that made bad financial decisons will lose their homes. bigger idiots that bought those bad loans won't be able to purchase a yacht for a few more years.
who should i feel worse about?
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I agree....You can't cry now about poor financial decisionsthat you made a few years ago. Everyone knew that this sub-prime fiasco was going to happen.
As for stocks, I say buy Apple & hold onto it.