You're all pretty much fucked, although you don't know it yet. You're the ninja generation. No job, no income, no assets. You got a lot to live for too. Someone reminded me the other evening that I once said that greed is good. Now it seems that it's legal. But folks its greed that makes my bartender buy three houses with no down payment that he can't afford. And it was greed that made your parents refinance their 200k house for 250k. Then take the xtra 50k and go down to the mall, they bought plasma TVs, cell phones, computers or an SUV. And hey why not a second home because we all know that the prices of houses always go up in America, Right! And it's greed that made the government of this country cut the interest rate to 1% after 911 so we could all go shopping again.
They got all these fancy names for trillions of dollars of credit, CMO's, CDO'S, SIV's, ABS's you know I honestly think that there are only 75 people in the world who know what these are. But I will tell you w...
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