What the hell happened?!

by Faramarz_Fateh

I don't profess to being nor do I even think I am an expert in anything. I just think read and write a lot. In case of my writing, mostly nonsense if you ask my wife. I am giving some of you a good opening for responses here.

But what the hell happened these past 4-5 years to get us into this mess we are in? Ha?

Here is what I think as a non expert: Wall streeters and oil companies saw an opportunity to rape and pillage and they did. Really well. How? Unregulated monetary instruments on one hand and subprime mortgages on the other as well as pumping up of the price of oil from $64 to $140 in a matter of months.

What is worse, noone said or did anything. We were all busy with the color of Lindsay Lohan and Paris Hilton's pubic hair or lack thereof. No really, why didn't anyone say or do anything?! Just like the people in Iran, we have become so apathetic. Well, we are probably worse because at least here if we protest, we don't go to jail or die.

Gasoline prices shot up daily and we, like idiots, just filled up the tanks to our SUVs; first $45 to fill up, then $60, $80, $90 ........

The general public should have protested. I did everytime I went to a gas station but noone paid any attention. Most people ignored me like I was a mental case. But with regards to the sophisticated and non regulated insurance instruments traded on wall street, how come none of the "people in the know" did anything? Were they on the take? Why are we paying up on these mortgage default papers?! Goverment should declare them illegal.

I have 2 teenage boys and I am really worried about their futures in case we fall into a depression. They will start their adult life in a much worse situation than their father.

What do you think happened? Are you worried about your kids like I am or am I being too pessimistic?



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American Wife

For all the political bashing of the past few months,

by American Wife on

it's not as easy as saying it's Bush or the Republicans or the Democrats fault.  One person or party may have abused a little more or did a little less, but it's the collective society which has enabled this crisis.  We're ALL to blame.  Whether supporting the obscene salaries of the pro atheletes by purchasing a ticket or buying a gas guzzling SUV, we've all contributed to the greed. 

My son is a little older than yours.  And I know exactly what you mean.  How is he going to support himself... and a family one day? 

Turn your pessimism into optimism.  Take this as an opportunity to teach them more about values instead of "value".  There is no doubt we're going to survive this recession... it's just a matter of time.  Hopefully we won't go into a depression before we do!!!

Bottom line... I hear your pain! 

peace out


We were all duped

by Amir Abbas Hoveyda (not verified) on

We were all duped and duped good buddy. There is nothing you or any of us could have done. We are very insignificant in the whole scheme of things.
As the great Iranian Hoveyda used to say: "the system is the problem".
Good luck


You know what happened

by farokh2000 on

GW has been in charge and taking orders from his buddies, filling their pockets at any cost. Simple as that.

Yes, I have been saying for the last 2 years that the way things are going, we are headed toward Depression. This Economy has been in the state of Stagflation for the last 2-3 years now.

Next stop is Depression.

I really hope I am totally wrong though.