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<blockquote data-quote="Channahon" data-source="post: 428547" data-attributes="member: 7666"><p>In my opinion the gas prices of the summer were manipulated by Wall St. If you think about it, when the Tech stocks of the 90s, where any company with a .com was overvalued, it busted.</p><p> </p><p>Then the housing industry was the way to go for investments, that went bust as well. Speculation buying, mortgage fraud, and bundled mortgage securities, sold to investment firms, who claimed they would make you money. Didn't happen, so investment banks went down the tubes.</p><p> </p><p>Then Wall St scrambling for another entity, used the oil companies, and any reason to inflate the cost of oil, for whatever reason, now that went bust, and Wall St got caught with their pants down, and now we have today's economy.</p><p> </p><p>In the meantime, hard working people are losing their retirement and personal investments, grocery prices skyrocketed along with gas prices, and people lost their homes. Could there have been anything else that could negatively impact the hardworking, honest people of the world?</p><p> </p><p>Oh yeah, take a look at your real estate taxes, home values have decreased dramatically across the country, and your tax bill is probably higher than before. The reason for this, at least where I live, was a new equalization factor for your real estate value. </p><p> </p><p>For me, my tax bill went up, to compensate for all the foreclosures in the county. You see, the people who either didn't qualify for a mortgage and got one anyways, or just plain irresponsible, their taxes are in default. And guess who gets to pitch in, to keep the county afloat, well that would be the people who can and are responsible to keep their homes.</p><p> </p><p>What a kick in butt, for the people who do the right thing in life, holding themselves accountable for their financial responsibilities.</p></blockquote><p></p>
[QUOTE="Channahon, post: 428547, member: 7666"] In my opinion the gas prices of the summer were manipulated by Wall St. If you think about it, when the Tech stocks of the 90s, where any company with a .com was overvalued, it busted. Then the housing industry was the way to go for investments, that went bust as well. Speculation buying, mortgage fraud, and bundled mortgage securities, sold to investment firms, who claimed they would make you money. Didn't happen, so investment banks went down the tubes. Then Wall St scrambling for another entity, used the oil companies, and any reason to inflate the cost of oil, for whatever reason, now that went bust, and Wall St got caught with their pants down, and now we have today's economy. In the meantime, hard working people are losing their retirement and personal investments, grocery prices skyrocketed along with gas prices, and people lost their homes. Could there have been anything else that could negatively impact the hardworking, honest people of the world? Oh yeah, take a look at your real estate taxes, home values have decreased dramatically across the country, and your tax bill is probably higher than before. The reason for this, at least where I live, was a new equalization factor for your real estate value. For me, my tax bill went up, to compensate for all the foreclosures in the county. You see, the people who either didn't qualify for a mortgage and got one anyways, or just plain irresponsible, their taxes are in default. And guess who gets to pitch in, to keep the county afloat, well that would be the people who can and are responsible to keep their homes. What a kick in butt, for the people who do the right thing in life, holding themselves accountable for their financial responsibilities. [/QUOTE]
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