Now I'm sure everyone by now has heard of the 700 Billion in US taxpayer money that will be used to bailout the large private banks in the US. But i was surprised when i talked to a few of my personal Friends that they had no idea what i was talking about when i made mention of it. Which is rather appalling and sad but ill go into that with some other post. It seems the media is hailing this government decision as a god send and the economy is saved. But i think the solution is far to late in coming as I'm predicting the world wide economy will go into a depression. Lenders and Banks will be cautious about who they give loans to as well as the proposed government regulations that will be coming with this plan. So the golden age of the real estate market is over as there will be less potential buyers out there. Now I'm not sure if the plan itself is bad to be perfectly honest. But the timing of it being so late it is basically a useless idea investor confid...
Political Commentary, opinion, bullshit