Why is the economy so d**n bad and why are banks in so much trouble?

Question

Indybank went under and the economy is looking worse and worse each day.

What are some of the reasons for why banks are imploding? Too many loans handed out?

Things in this Country are not looking too d**n good...

Answer 1

Same as the last time and the time before that, and before that.

Institutions lend too easily, easy credit means somethings become over valued (houses, stocks etc).

All seems fine, people are getting rich, but....here is the deal...it is like a house built on sand.....it is ready to collapse.

Answer 2

Because greedy top dogs don't want to see

people they consider peasants living well.

Somebody has to go to jail, the feds and the

local police need to go into those banks and

arrest everyone, tellers and all for ripping off

the people who placed considerable trust

in those banks.

I would be ready to shoot those who s***w

with my hard earned cash.

Like I tell my friends, the world doesn't create

our problems, people do.