I continue to follow the U.S. Bail-Out story closely, as I am sure you are doing.  As a follow-up to last evening’s Post titled ‘Continued Saga – Desperate People Do Desperate Things’ I have the following additional ’20,000 foot’ comments:

1.    ‘Wall Street’ broadly is being painted as the ‘villain’ that got the U.S. citizenry into the current mess – much like the ‘Pied Piper of Hamelin’ who led the children from their village like ‘lemmings over the cliff’.  How fair is this? Indeed ‘Wall Street’ (which undoubtedly means different things to different people) facilitated home loans in circumstances where many of the borrowers did not have adequate prospective payment coverage.  Surely some of the responsibility must rest with the borrowers.  It is not only the lenders who evidenced greed.

2.    Many (if not most) people who invest in the stock markets rely heavily on one or more ‘investment advisors’.  They do not necessarily know why they are invested in particular funds or stocks, and most often do not know the prospects for the companies they are directly and indirectly invested in.

3.    What is going on now in the U.S. ought to be a serious, albeit late, ‘wake-up call’ to people who have delegated responsibility to others to assume more responsibility for their financial actions going forward than they have in the past.  Hopefully it is not too late for such activity to have a positive effect on the financial and emotional well-being of those who have not done this up to now.  Our website, www.StockResearchPortal.com is structured to assist people with this if they are interested in the Mining and Oil & Gas Sectors, or for that matter if they are interested in keeping up to date with key economic indicators (in the latter case, see ‘Economic Research’ in the Main Navigation Line of the website).

The views expressed in this Post are those of the author. They are offered to readers for information and general guidance only. They are neither intended to, nor should be taken to, constitute economic or investment advice. See Legal Disclaimer.

Possibly Related Posts:

• An Accident Waiting to Happen, or ‘Ever Closer To The Cliff’!
• After Spain, is Italy Next?
• Spain and Spanish Bank Dilemma!
• China Banking Camel In U.S. Tent?
• No Alternative To Austerity

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