[serenity4u2]

PB, you are absolutely correct.. It is mute to argue political responsibility.. Your correct about Obama's (Osama's) advisors.. Yes Mr. Raines ran fanny may into the ground and made over 90 million doing so. He even recieved a 24 million 9get the hel out of here bonus)- it is what it is...

What I am trying to espouse and sadly with very little success (my personaliy is probaly the reason)... What I am trying to state is - it really does not matter to any individual what is hapening on wall street. Our own Choices Have Consequences!!! We are responsible for OUR OWN position in life.. It is TRUE- WE have to ASSUME such RESPONSIBILITY.. It is OUR Choice...

What hapens on wall street hurts those who live in that world- It Does NOT have to Impact Us on Main Street... I have a 30 year history with USAA insrance and banking / investment... I a have NO- NO NO Concern on a personal basis... That is MY PERSONAL CHOICE!!!

Yes, I do watch what I am being asked (FORCED) to BAIL out those rotten bankers and YES- those who took LOANS (many inerest only) to buy that bigger house).. It sucks that I am asked (FORCED) to bail them out.. The fact is my portfolio has not changed... My financial situation has not changed.. Some dummies actually think that the US Feds are insuring thier Mutual funds and 401K's... They need to talk to bankers- that is a joke...

Financial laws are written for financial officers- not for the average Joe.. It is the average Joe's responsibility to inquire as to such laws... I posted a number and extension... Jeff is his name.. He can actually explain what the laws mean and how they actually impact the average person.. He works for my CFO at USAA... If you have enough money invested they treat you with golden gloves- Jeff is a great guy who only serves those with a substantail amount of assetts- but will talk with those who have his extension... The mindset of USAA is wealth accumulation over years- not the get rich quick mentality that many wall streeters got themselves into trouble practicing...

Look, NO money down to under qualified buyers is foolish financial practices. The way it used to be- 20% down same lender/owner of loan.. Nothing down was reserved to us veterans backed by the DVA (they take your pension if you do not make payment).. Bankers gave loans with nothing down and failed to ACCURATELY acertain REAL income. No DVA to back the 20%- so was responsible? The states passed a law stating if you did not put 20% down you had to PAY monthly Taxes (actually mortage company deducted the taxes)... Again, the laws were written to benefit the TAX COLLECTORS not the average Joe.. I write a 4200 dollar check every 6 months to WA state- it probably pisses them off they can not collect it every month- in fact I usually wait till the end of the year and leave the funds in my own USAA Federal Savings Acct before writing check- so its actually every year- they fight to get it every SIX months... I own my house- the average mortage holder can not have such luxury in tax paying... NOW, ask yourself how many peopl do you know who pay thier taxes monthly vs annually?

Laws are Laws- We have a CHOICE to LEARN them and BENEFIT or Lose!

Choices Have Consequences...