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October 09, 2008
High Grade Structured Credit Enhanced Leverage Fund
A bit of prophetic british comedy from 2007:
Yep. That's the Magic of the Markets. And... interestingly, the National Debt Clock in Times Square has run out of digits...
It appears even technology cannot cope with the global financial crisis: the National Debt Clock in New York has run out of digits for the first time.
The electronic billboard hit its limit after US public debt rose above the $10 trillion mark for the first time on September 30.
As a temporary fix the dollar sign has been switched to a figure--the '1' in $10 trillion. The clock is currently marking the US federal government’s national debt at about $10.2 trillion.
The clock, located in Times Square in New York, shows the amount of money owed by the US government. It was created by the late Manhattan real estate developer Seymour Durst, who put the sign up in 1989 to call attention to what was then a $2.7 trillion debt.
We have indeed mortgaged our future so that unemployed black men can own their homes.
Posted by LindaSoG at October 9, 2008 09:30 PM
Comments
Wow Linda, you have hit that ball not just out of the ball park but so far out it's still tumbling in the air some where over Washington DC. We can't be too harsh on those unemployed black men, after all, they too need what ever surplus funds we can we can proffer to afford their recreational habits and lifestyle. After living in the ghetto from 1969 through 1972 where the black mothers ran the households, they even had to go get their own food stamps and welfare checks, my next door neighbor was the only male in a two block radius that I knew who worked. I moved away from the hood in the fall of '72 and the lifestyle. Visited there last year and nothing has changed. Now some 36 years later we are all having to start living that lifestyle imposed on us whether we approve of it or not, the difference being we are the ones still paying for it. Thanks to the Donks, they brought us down instead of bringing up the bottom. Why? Personal responsibility has been missing at all levels.
Posted by: Jack at October 10, 2008 01:38 PM