- Centurion Member
- Posts: 157
- Joined: Mon Sep 29, 2008 8:51 pm
- Website: http://www.flyerboxx.com
- Location: US
Is anyone surprised that the bubble all of the sudden blows up ? I mean frankly people with an annual income of $35k having $20k available credit limits, people with a monthly income of $3,500 having a mortgage which costs $3,550 a month. Banks screwed themselves. Let's face it, why should anyone have a higher CL than 2 x monthly income ? How many people live way above their means. If... was never the question it was just when. It doesn't matter if we bring in Bush Jr, Clinton, Daddy Bush, Reagan or Carter fact is just that everybody knew that one they it will turn into trouble. 1 + 1 still equals 2 and not 3
Intellectuals solve problems. Geniuses prevent them.
- Albert Einstein 1879-1955