how did we get here?
The financial crisis. Ok Greed, yes. But what exactly happened and how? This video sheds a lot of light on the topic. This is much easier to understand then the Wired mag articles that came out this month. The governments plan is to unfreeze the banks so they will start lending again. And they might, but unless they change the rules we will end up right back where we started. The rules for lending need to tighten, yes that means less home ownership, but as we have seen many people should have not been in the homes they had. I am afraid we are enabling too many people by bailing them out. If they can’t afford their 3.5% mortgage how will they afford a 5%?
We are fortunate in our area of DuPage. Not too many foreclosures relative to other parts of the country. Still, there are many people losing their jobs who were able to pay their bills, all because the economy is stalling out.
Since so many people identify themselves with their job, and their money, and their status in the ‘burbs, perhaps this is an opportunity. Many people will have to find themselves again after so much has been stripped away. Perhaps we will see increasing numbers of people leave the gods of this world and turn to the God off the universe.
Oh yea check out the video.



