Comments on: Four Lessons from the 2008 Financial Crisis http://www.moneyunder30.com/four-lessons-from-the-2008-financial-crisis Personal Finance for the Young and Ambitious Sat, 21 Nov 2009 04:23:03 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Greg Retzloff http://www.moneyunder30.com/four-lessons-from-the-2008-financial-crisis/comment-page-1#comment-1752 Greg Retzloff Sat, 08 Nov 2008 18:24:04 +0000 http://www.moneyunder30.com/four-lessons-from-the-2008-financial-crisis#comment-1752 Good, concise explanation of the current crisis. Collectively, most of us bear some responsibility. We got too greedy, expecting too great a return for the assets we had to work with. The solution became excessive leverage in both the real estate and securities markets. Karla--In our new age of collectivism, "virtue" is as outdated as the Republican party. Good, concise explanation of the current crisis. Collectively, most of us bear some responsibility.
We got too greedy, expecting too great a return for the assets we had to work with. The solution became excessive leverage in both the real estate and securities markets.

Karla–In our new age of collectivism, “virtue” is as outdated as the Republican party.

]]> By: Karla (threadbndr) http://www.moneyunder30.com/four-lessons-from-the-2008-financial-crisis/comment-page-1#comment-1751 Karla (threadbndr) Mon, 06 Oct 2008 19:23:59 +0000 http://www.moneyunder30.com/four-lessons-from-the-2008-financial-crisis#comment-1751 Everybody - including business and govt - needs to work toward a balanced budget. We are only postponing things with this bailout unless we get to the point where fiscal responsibility is virtue again. In a way I feel cheated. I am careful, prudent and responsibile and so I'm footing the bill for everybody that ISN'T any of those things. (Sigh. No good deed goes unpunished, so they say.) Everybody – including business and govt – needs to work toward a balanced budget. We are only postponing things with this bailout unless we get to the point where fiscal responsibility is virtue again.

In a way I feel cheated. I am careful, prudent and responsibile and so I’m footing the bill for everybody that ISN’T any of those things. (Sigh. No good deed goes unpunished, so they say.)

]]> By: Money Under 30 http://www.moneyunder30.com/four-lessons-from-the-2008-financial-crisis/comment-page-1#comment-1749 Money Under 30 Fri, 03 Oct 2008 17:18:51 +0000 http://www.moneyunder30.com/four-lessons-from-the-2008-financial-crisis#comment-1749 Thanks, Emily! Tightening is going to become a big issue---I wonder if it will seem like the other extreme. Once upon a time anybody could get too much credit; perhaps soon those qualified will have a hard time getting any! Thanks, Emily! Tightening is going to become a big issue—I wonder if it will seem like the other extreme. Once upon a time anybody could get too much credit; perhaps soon those qualified will have a hard time getting any!

]]> By: Emily http://www.moneyunder30.com/four-lessons-from-the-2008-financial-crisis/comment-page-1#comment-1750 Emily Thu, 02 Oct 2008 02:36:13 +0000 http://www.moneyunder30.com/four-lessons-from-the-2008-financial-crisis#comment-1750 I love this list -- it is so true. Easy credit was the biggest fault here, and now lack of credit is becoming a growing issue. If things get worse, businesses won't be able to buy inventory on credit to sell, students won't be able to get loans to attend college and grad school, and so on. Let's hope this bailout does what it's supposed to do! I love this list — it is so true. Easy credit was the biggest fault here, and now lack of credit is becoming a growing issue. If things get worse, businesses won’t be able to buy inventory on credit to sell, students won’t be able to get loans to attend college and grad school, and so on. Let’s hope this bailout does what it’s supposed to do!

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