Or is it the Oh-Ohs, or Uh-Ohs?
These would be the Uh-Ohs.
Jan. 1, 2010, Chicago Sun-Times "Dot-bombs give way to real estate, jobs implosion" by David Roeder.
"Volatile Decade (Quite an understatement): What began with Y2k hysteria ends in 2009 with consumers worried about paychecks and mortgages."
Mr. Roeder gave his list of top ten stories of that decade.
10. AUTO INDUSTRY ROLLOVER: The Big Three couldn't build SUVs fast enough, then expensive gas hit. GM and Chrysler bankrupt, assembly line jobs gone, dealers gone. Well, there was that "Cash for Clunkers" deal.
I'm still mad about the billions we gave to GM to keep them from going bankrupt, and they still went bankrupt. Who got that money? Probably top execs. Better if the $30 billion given to consumers to buy GM cars. "Cash for Clunkers" sure didn't help me.
9. THE BANK GETS BOUGHT: One bank buy another bank buy another bank buy another bank. Then let's be really "stoopid" in our investments.
Way too many criminals running our investment banks that should be held more accountable and not getting lavish bonuses for the "good" jobs they're getting. Hey, even dumb old me could lose billions, AND, I'd work for a lot less and wouldn't expect those bonuses. And, I don't have a Harvard degree.
More to Come. --Cooter
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