I hate to say it but the chickens have come home to roost and it will now be a bumpy ride for many.
Years ago a president we had put investment banks under FDIC but did not apply the same rules to them as smaller banks. It was encouraged from the top to lend money to anyone so that every American could live the good life.
Oversized houses; SUV's; 4 wheelers; boats; and RV's for everyone that wanted one. Heck you can not make the payments; that's alright we will give you a interest only loan.
The stock market is going up at a record pace.
And now you want me to feel sorry for someone because they did not see this down turn coming.
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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