Ma asked me to explain to her how we got into the mess we were in. Well think of it like the banks gave a bunch credit cards out to people who they really shouldn't have. They made lots of fees and commission's. "Like your unemployed friend Joey that lives in his mothers basement and plays Xbox all day?". " Yeah like Joey". Well think of it like everyone charged their houses on these cards because they knew that in a few years they could sell their house for more money, pay off the card, and charge a bigger one on it. Well then the housing market started to drop and pretty soon no one could pay off their cards. The banks started freaking out and ran to the government for help. The government told the people that these banks were to big to fail. The government then created their own credit card called TARP and gave it to the banks to keep their businesses running and help the people. Did they help the people? No they just kept the money to make their businesses look better. Ok so who is going to pay off the card the government gave out. The US taxpayer mom. "That sucks!"Looks like more sideways action today as well and we haven't hit any of our stops yet so I'm gonna take a nap.
