Thursday, September 18, 2008

Who Is Your Money Working For??

Is YOUR money safe and secure? Has your life been effected by the recent financial crisis?
I'm sure you know that over the past couple of weeks our economy has undergone some... "ISSUES"! Did any of these issues affect you?



These are some of the companies that have had financial "issues" recently:
Fannie Mae
Freddie Mac
AIG
Lehman Brothers
WaMu- Washington Mutual

If you think you are not effected... When the government uses billions of dollars to bail out mega corporations, saving them from financial ruin, where do you think the money comes from??? [Taxes perhaps...]






Who is YOUR money working for????????????

7 People Saying Something!

blackwomenblowthetrumpet.blogspot.com 19 September, 2008 00:17

Hwy there Regina!! {waves}

Thank you for blowing the trumpet about this!!

There are sooo many women who are trying to keep up with what they see OTHER people having in order to consider themselves 'equals' and they are getting into mortgage loan deals that are scams, and are buying new cars are unfavorable rates JUST to look like they are "together".... it is time to stop, just stop the FALSEHOOD AND THE PERPETRATING!

Yesssssssss.

Peace, blessings and DUNAMIS!
Lisa

Believer 1964 19 September, 2008 02:51

Our taxes pay for most if not all the government uses, promises, or loans.

Girl, you better ask somebody! ;)

On a serious note, the government is trying hard to defer a major upset in the economy by bailing out big financial companies, but is it just a band-aid for a gapping wound?

You know let me be clear, crystal, I don't trust anyone but Jesus! I'm sticking closer to a brother because being out of step in this season could be fatal.

I was in my prayer closet today storming heaven for my portion. To God be all the glory!

ShAĆ© - ShAĆ© 19 September, 2008 06:27

When I first heard about this all I could think of was, "A lot of people are not going to be seeing their tax returns for a while..."

They are going to get a hold of those lists and start jacking people for their tax returns and I'm sure there will be a hike in the interest rates of outstanding student loans.

I think I'm going to start doubling up on my student loans right now!

bluedreamer27 19 September, 2008 07:20

and thats wasa the talk of the town here in our country too
many of our banks was connected to them especially the lehman brothers
i hope this will ot affect the global economy that much

Hadias 19 September, 2008 11:57

My mother and father in-love have been affected as well. They are currently living of of their investments and their stock has dropped by $2500 in the last 6 months. Some of their stocks are down 20%. They have asked my husband and I if they should pull their retirement out of stocks and bonds and move them to money market funds. We really would be taking a gamble to tell them to leave their money in investments. I am so glad that I don't need my retirement money right now. This is a bad economy for retirees.

Don 22 September, 2008 07:47

Oh, I can believe Fannie Mae has issues. With all that student loan debt, I know I never paid my loans back.

Tina 23 September, 2008 05:35

All these bailouts of corporate America...and what bailout does the ailing taxpayer get? The taxpayers who are homeless due to job losses, rising costs of everything, can't pay the fixed rate mortgage or support their families? What about them? Where's the golden parachute for those who were responsible financially and hit a rough patch?

That's my question.

My Fort Worth, TX Weather...

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