Saturday, September 13, 2008
History Repeats Itself
I have heard a lot in the news about Mortgage companies failing and having to be bailed out by the U.S. Government. Banks are failing and having to be bailed out. People are losing the homes thanks to predatory lenders and the housing market is in shambles. Today in the news I heard of a gas scare shortage in Florida causing prices to jump up to $6.00 a gallon. In Gainesville, FL a fight broke out at a gas station as the prices started to jump. If you can not read the tea leaves it feels a lot like 1929 is going to repeat it self very soon.
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