It was written on the wall. It was time that the market redresses itself. The exuberant excesses must have come to an end. Now the fund managers and banks that profited a lot during the hey days of the housing market are finding themselves in a bind. There was a lack of monitoring when things were going right. All that mattered was that money was being made at a crazy rate. Now, it is time that some regulations be put in place.
The questions that many shareholders are asking are whether those CEOs who got huge bonuses are going to pay pack some of the money they pocketed. How will the stockholders be compensated during these times of excess?
This is just a short list of questions I am hearing on the street. Once again, Wall Street becomes Main Street. People are suffering all over the place. Homeowners are losing the value of their home. They can not afford to shop. There is a recession on the horizon. Who is to blame? Gas prices are sky high. Groceries are expensive. Clothes shopping is high too. What is one to do in this economy?
Read more at The Shopping Power of the American Dollar
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