Members Sylph Posted September 22, 2008 Author Members Share Posted September 22, 2008 Yes, it's true! Do we have any other investment banks left?! With this pace — I doubt there will be any left! Link to comment Share on other sites More sharing options...
Members Sylph Posted September 22, 2008 Author Members Share Posted September 22, 2008 This is really a "brace yourself" moment: higher mortgage costs, taxes and unemployment will be with us for years. Link to comment Share on other sites More sharing options...
Members Cat Posted September 22, 2008 Members Share Posted September 22, 2008 Well, I don't know about taxes, come to think about it. The latter depends who gets into the WH -- although I'm sure Obama will be looking at tax breaks in order to jump-start economic activity. And this "moment" has been more than 3 years in the making. The economy has been overheating forever. The housing sector has been in recession for more than TWO years! The subprime mortgage market collapsed last August 2007. And only now are the talking heads running around talking about "the economy in crisis"? Come on. We can blame the financial sector for all these problems, but the fact is, Wall Street is only a part of the problem. Households fell into serious debt first -- hence the home market collapse. Link to comment Share on other sites More sharing options...
Members Sylph Posted September 22, 2008 Author Members Share Posted September 22, 2008 Oh, Cat, but that's a whole new discourse! I'm not talking about that, this is just the last call for all those who were in denial to wake up. Link to comment Share on other sites More sharing options...
Members Sylph Posted December 10, 2009 Author Members Share Posted December 10, 2009 Goldman Alters Pay Plan for Top Executives Link to comment Share on other sites More sharing options...
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