Government buys $1T of securities

[saden1]

Originally Posted by firstdown

The reason my bank is in business is because they did not go out and loan money to everyone who asked for a loan. Thats called ggod business and if the goverment stayed out of the loan process from the get go we not be in this mess like we are now. Its a fact that some people should just rent because they either do not pay their bills or they cannot afford the cost of a home. In just the past two weeks I called my bank and got two loans because I have good credit and pay my bills.

Good business is worthless in the face of high unemployment. Look around, good companies are hurting even though they've made sound decisions. In a depression many who have good credit and pay their bills will end-up with bad credit and unable to pay their bills.

[firstdown]

Originally Posted by saden1

Good business is worthless in the face of high unemployment. Look around, good companies are hurting even though they've made sound decisions. In a depression many who have good credit and pay their bills will end-up with bad credit and unable to pay their bills.

Good companies might be hurting in these time but they are not failing like poorly managed ones. Take building contractors. Most of them spend money left and right when times are good then go out of business when the housing market slows down. Its like they think people will keep buying, buying and buying with never a slow down and when it does they are not prepared. I know one contractor that is going bankrupt for his 3rd time and another contractor who is actually looking to hire. The difference is that one knows how to deal with a changing market and the other lives for the moment. Its called planning ahead and any good business man should know how important that is when running a business.