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Forum topic by TopamaxSurvivor posted 12-08-2009 09:44 AM 919 views 0 times favorited 6 replies Add to Favorites Watch
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TopamaxSurvivor

17654 posts in 3137 days


12-08-2009 09:44 AM

Topic tags/keywords: economy

Just before the last credit crisis a year and a half ago, the credit card companies started sending emails offering high interest rates on FDIC insured accounts. They seem to be starting again. I have had several in the last few days. I saw on the news the banks are repaying their bailouts so the CEO compensation won’t be limited. Last time I expected something to happen, but not quite as bad as it was, I wonder if, here we go again??

-- Bob in WW ~ "some old things are lovely, warm still with life ... of the forgotten men who made them." - D.H. Lawrence


6 replies so far

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studie

618 posts in 2608 days


#1 posted 12-08-2009 12:17 PM

Life is tough, It’s a lot tougher ifn yer stupid. John Wayne

-- $tudie

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Brian Havens

196 posts in 2567 days


#2 posted 12-10-2009 02:53 AM

I have not taken off my seatbelt yet…

-- Brian Havens, Woodworker http://brianhavens.com

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Holmer

11 posts in 2559 days


#3 posted 12-10-2009 03:57 AM

I think the simple answer for everyone to follow is: Don’t live outside your means, and do not put anything on a credit card unless you have the cash in hand to pay for it when the statement comes. I didn’t even go to school to learn that just common cents

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TopamaxSurvivor

17654 posts in 3137 days


#4 posted 12-10-2009 04:11 AM

If everyone did that, they would have had to abandon trickle down economics in 1985:-))

-- Bob in WW ~ "some old things are lovely, warm still with life ... of the forgotten men who made them." - D.H. Lawrence

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a1Jim

115202 posts in 3038 days


#5 posted 12-10-2009 04:21 AM

Out of the the thirteen businesses in my little town only 5 are still open. We just lost are hardware store this week with great owners and just not enough business. It’s sad to see good people loose there business.

-- http://artisticwoodstudio.com Custom furniture

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TopamaxSurvivor

17654 posts in 3137 days


#6 posted 12-10-2009 04:26 AM

REal sad. One of my friends is in the dirt moving business. He’s down to 2 employes and he says so close to bankrupcy it isn’t funny.

the last time the CC comp started offering FDIC accounts, I knew money would get very tight. Now I’m wondering how much tighter can it get??

-- Bob in WW ~ "some old things are lovely, warm still with life ... of the forgotten men who made them." - D.H. Lawrence

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