Tuesday, October 14, 2008

Why there are no runs on the banks...

"85% of Americans are broke".

A curmudgeonly investment guru tells CNBC he expects the recession to last 10 to 15 years.

Groan.

1 comment:

CANAM said...

85% of Americans are NOT Broke. Most of us are doing fine. The Commie News Network (CNN) wants the rest of the world to believe we are broke so they will continue to drive ratings by watching for more news about the "meltdown" . Those who signed loan docs for loans they had no hope of being able to afford. YEAH they are broke now , perhaps we should have an education test before people are allowed to borrow money