Place you thoughts/bets on when GM will go bankrupt

[BobbyFresco]

It all boils down to education I guess. We've let so many people graduate high school and college, and they can't even balance a bank account, do simple subtraction, or make a budget. Now, we have to protect the idiots, and save their day. A little suffering would make them wiser. Someone that makes 22K a yr should know they cannot support 5 kids. Or can't afford a $35K car. What's the point forcing others to cover it for them? What does that teach?

You really think that the examples you have stated are the root of the problems?

There are suburban families living beyond their means as well.
Living off of credit and paycheck to paycheck, buying up all the latest shit and can't afford it.

If you can't live without credit or can't pay back what you spend on credit then a cc is not for you. Or a carloan. Or a house.

Not to mention all the people that have lost supplemental income from the stock market going to shit.

Just an example. My parents bought stock for me when I was younger from several different companies, one of those being a Telecom company that went belly up.

I went from having my stock in this company at 100k to 25k.

People are losing the money they depended on for retirement on a daily basis.

[civic95]

You really think that the examples you have stated are the root of the problems?

There are suburban families living beyond their means as well.
Living off of credit and paycheck to paycheck, buying up all the latest shit and can't afford it.

Again, idiots that can't do math. $500 purses, I-phones, and luxury vehicles are worthless if you have no place to put them.

[BobbyFresco]

Again, idiots that can't do math. $500 purses, I-phones, and luxury vehicles are worthless if you have no place to put them.

Yup.
Some people get shit with no intention of ever paying their debt back, which is
alot of the reason why we're at where we're at.

I can't imagine that charge off's would be any more costly than pursuing and collecting debts.