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I Hate Roller Coasters


Posted by Non-Hamster on August 18th, 2007

Ok, I'll admit, I'm not talking about the kind you find in amusement parks & carnivals and such.  I'm talking about the Financial roller coaster that Wall st has been on the last few weeks.

First it's down a few hundred, then it's up a few.  Then it's down again, next it's WAY up.  All of this in response to the hideous credit situation that started showing up in the news a few months ago and has been gradually getting more press since then.

I am not a hamster however, All we're seeing is reactions and reactions to reactions.  So far that I have seen, hardly anyone has actually tried to actually do anything about the thing... like fix a very sloppy credit system that lets loans go through that shouldn't... loans which eventually end up getting forclosed and costing people their homes and dreams

Wake up Wall St!  Band-aids from the Fed ain't going to help in the long run.

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