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Sorry TimingI saw where colleges and universities are raising their fees and other charges. Right in the middle of a recession (beginning, I think). Maybe they need to spend some of their contributions for awhile--cut out some of the part-time professors, borrow some money from Citigroup--they just got 150 billion! As I understand it, the federal reserve has already committed about eight trillion dollars to that which they will not say, nor who bought the bonds--if anyone! Usually they get a lot of their advances returned at a very low interest rate, but I wouldn't bet on 20% return on principle even this time. Congress has ponied-up at least a trillion which the administration gave to the banks, saving many of them, maybe, but saving no one else as the banks still won't lend to the things that cause recovery. Obama says we can only have one president at a time, and I kind of agree with Barney Frank on this one:" that is saying we have no president!" Mr Bush is busy working on retrospective and legacy things. I am not further interested in his legacy! It also appears that foreclosures of homes and businesses will continue heavily--further destroying the building industry. This will also further increase unemployment, some say to 15-20% (which it is now if one counts those looking and not looking). Maybe cars would start selling if bankruptcy insurance were available for warranties and repairs--Yeah, we would have to pay for it! States are about out of unemployment insurance. Another bailout, I think. Negative, you say? Bull. Hopefulness for a losing cause is stupid-take action, now. Bonkers's blog | login to post comments |