60 Minutes

States Fast Approaching Financial Abyss

"...but the day of reckoning is at hand. The debt crisis is already making Wall Street nervous, and some believe that it could derail the recovery, cost a million public employees their jobs, and require another big bailout package that no one in Washington wants to talk about." - 60 Minutes 60 Minutes has done a thirteen minute report on the approaching day of reckoning for the states who are drowning in the deep end of the fiscal pool. According to Gov. Chris Christie, it's not a income problem, it is a government employee benefit problem, and according to Meredith…
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And You Were Lead To Believe The Mortgage Bubble Had Popped

(Editor's Note: While you watch these videos from 2008, think about what the Obama administration did or did not do to circumvent the coming waves of residential resets and commercial mortgage resets during his first year in office.) Very few people, and none that I know, would be happy to be the bearer of bad news, but this might explain why Tea Party Patriots have been screaming "stop spending money". The second tsunami of the residential mortgage meltdown disaster is about to roll right over us and what is left of our wallets. Amazingly enough, it was covered by '60…
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