Isn't that just awful?  Beginning to sound like some of what happened during the Great Depression!

Some people just can't handle it.

This is very sad and frightening.  I personally know two families that are loosing their homes.  One of them is my sister.  I'm very worried about her.  She is a CHer too.  She is very depressed.  Say a prayer for her..please?

Jeannie

catlind wrote on Oct 7^th, 2008 at 9:54am:

but you can't demand anything if you vote for a major candidate

You are a good brother jonny.  You'll get your money back and he can salvage some of his credit.

There are so many folks in trouble around the KC burbs.  Havn't heard of any deaths - yet - its coming.  Huge expensive homes vacant.

Sprint rumors are to shave 14,300 employees in the next quarter. Stocks are already junk and headed much lower.  Lost another dollars today.  Around $9.00 two weeks ago, now $3.70.  Needless to say my 401K is a fucking joke.  All I need is another 13 years, then I can die.

Marc wrote on Oct 8^th, 2008 at 8:37am:

Indeed!

Clark now FULLY understands why when we bought our home in Omaha, I DEMANDED that there was a mortgage cap - the lender was willing to give us a whole lot more - I INSISTED we buy nothing over $125k he didn't understand it then, now he does and he's quite glad.

We are fortunate, at least for another 4 years unless Clark makes E9 - his high year of tenure - the longest he is allowed to stay in - is to 28 years, if there's any where there's job security *right now* it's the military - of course the cons can be deadly.....

Cat

We are looking at Gil's retirement date(July 6, 2009). Our accountant advised us to begin to collect that $ at that time, coz the retirement age is going to adjust again, and, quite frankly, Gil is tired. We, too, look forward to being mortgage-free, however, that is slipping away. Dependent upon when we sell our house, we will have a small mtg, payable in 15 or even 7 yrs. I won't stop selling RE, and, since we will be at the coast, the prospective buyers will most likely be people who have expendable income.......for, perhaps, a second home.
We want no more than a home and the basics........but I was raised to believe that is what you EXPECT of life.. work hard, you reap the rewards. Those days are gone. 
I firmly believe this is going to pass. But at what cost? What happens in the meantime to people like Pegg(I'm sorry)? Who slips through the cracks? And how many Warren Buffetts get richer during this time?

Frankly, a depression has been looming for a few years now, and, although this might not be a popular thought, I wish the Feds had determined there should be NO bailout for anyone...just bring on the Depression, lets get it over with! Either that, or every American should be issued a money printer, then we can deal with our dollars which will be worth nothing.

And, yes, in our old community in CA, a man took his own life, after taking that of his wife and 3 children- one of which was a freshman at USC.It's happening to the middle -class, so does that mean that it'll take awhile to trickle up to the wealthy? I don't know. All I know is our Govt should be aware of the destruction that lies beneath the surface of this financial crisis.