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Reader Comments (23)

Posted: Dec 5th 2008 8:47PM drnerd said

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FIRST! Again yeah
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Posted: Dec 5th 2008 8:51PM Lone Starr said

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VOTED DOWN! Again yeah
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Posted: Dec 5th 2008 8:52PM Lone Starr said

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Honestly, these people make the stupidest metaphors. Do they actually listen to themselves? Thank heavens it's only a car crash! I was worried for a second.
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Posted: Dec 6th 2008 2:32AM blash said

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I know... put the words "finance" and "crash" in the same article and anyone who knows what happened on the other Black day in 1929 should be flipping out right about now.
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Posted: Dec 5th 2008 9:35PM (Unverified) said

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It's a financial crisis, brought to you by the socialist machinations of the party our country voted into total power. God Bless the USA!

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Posted: Dec 5th 2008 10:34PM BigD145 said

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WHICH party has been screaming for smaller government and free markets and deregulation while putting together massive spending packages and huge tax cuts?
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Posted: Dec 5th 2008 10:36PM Haggard said

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I'm going to have to ask it again - are you some kind of parody of a conservative? Because pretty much everyone has already accepted that it's the free market which caused this.
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Posted: Dec 5th 2008 11:58PM Mr Khan said

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There was a push from the top, from the government, to make home-purchasing easier. So it is partly their fault (though i cannot say at the feet of which party the blame lies). It is, however, the fault of the financial community for securitizing these faulty mortgages, so that their failures would quickly harm investors everywhere, rather than hurt a few dumb savings-and-loan institutions
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Posted: Dec 6th 2008 5:45AM Bowser Rogozhin said

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I don't see anything wrong with Masteron's comment. He's right, in a sense, that this financial de-regulation of the US housing market started with the Clinton administration. Google it!

"The banking, insurance and brokerage industry lobbyists have combined their forces over the last five years to mount the best-financed campaign of influence-buying ever seen in Washington. In 1997 and 1998 alone, the three industries spent over $300 million on the effort: $58 million in campaign contributions to Democratic and Republican candidates, $87 million in "soft money" contributions to the Democratic and Republican parties, and $163 million on lobbying of elected officials."

Democrats, aided by the Republicans, colluded together to siphon wealth off to the elite 1%, knowing full well the consequences of said unscrupulous actions.

http://www.wsws.org/articles/1999/nov1999/bank-n01.shtml

The downvote was unwarranted.
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Posted: Dec 5th 2008 10:13PM (Unverified) said

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car crash my ass, more like two 747's colliding in mid air right above an elementry school of 500 little kids.
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Posted: Dec 5th 2008 10:32PM RKN said

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And the planes were full of kids too! :0
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Posted: Dec 5th 2008 11:07PM MarkezJM said

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Hailing from Minneapolis, I'll compare it to what happened to us, in that the whole effing freeway collapsed into the river below.

Idiot.
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Posted: Dec 6th 2008 6:34PM (Unverified) said

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Sorry your bitter sir, but do you have to resort to insults?
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Posted: Dec 7th 2008 5:31AM MarkezJM said

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I was calling the gentleman in the article an idiot, not you good sir.
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Posted: Dec 5th 2008 10:23PM (Unverified) said

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I suppose in the grand scheme, he'd be right - what we're currently experiencing is the tip of the iceberg.

Next year will be interesting.
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Posted: Dec 5th 2008 10:26PM exaltedbladder said

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wut about the people who committed suicide? i dont think its just a car crash.
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Posted: Dec 6th 2008 3:09AM (Unverified) said

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wow. Not really sure what you are referring to here. Who is committing suicide?
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Posted: Dec 5th 2008 11:00PM hvnlysoldr said

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Maybe more like a ten car pile-up... without any highway patrol stopping idiots from colliding

No lost my train of thought. Someone find a way to extend 50 car pile-up.
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Posted: Dec 6th 2008 3:11AM (Unverified) said

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hmm..

press B for crashbreaker?
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Posted: Dec 6th 2008 11:10AM (Unverified) said

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I tell you these video game elite, with their fancy metaphors. Who talks like this? It's just like a king, and he's addressing his loyal subjects, and he's trying to explain the rule of law, and it's way over their heads, and it's just like he's talking to a...

Oops, I just did it myself, didn't I?
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Posted: Dec 6th 2008 1:33PM (Unverified) said

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*irony*
...But still, a "car crash"...?
This confuses the mind.
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Posted: Jan 14th 2009 1:34AM (Unverified) said

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At the time of financial crises we need to come together united and try to solve the problems which are responsible for such a hazard. We need to overcome it. It is meant to bring calm to the population and markets and display government strength and stability. As a large number of people spend their money in movies, making films, sports, nowadays even on internet many sites offerinternet keno casino for the people interested in gambling but there people lose a large sum of money there in such stuffs which should be minimized as the world is going through a phase where a little wastage of money could be matter of remorse.
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Posted: Jan 14th 2009 12:14PM (Unverified) said

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I have a very close friend, who graduated from Harvard. Worked for ML for over 8 years, recently he’s been “right sized” too, despite of his outstanding performance and the increasing revenue he generated. OMG, now the banking industry is badly hurt, how long it would take for those financial background guys like him get back to the job market. Banking jobs are not there as much as before as easily seen on http://www.joboutlets.com and other job sites in the region
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