Holding On

We are holding on. We are not making moves with our $ at this time. We are putting off a car purchase until next year, at least. Our 2000 Oldsmobile Intrigue will have to do again this winter.

There are talking heads predicting an up swing in the Dow today. I think things are way too complicated. Some of those same heads were pushing for the big rescue bill like that would stabilize things and the Dow would return to a steady climb.

I know many short sales have been removed and those would have eased the down dips. I know there's more talk about loosening credit qualifications for now.

I have to ask. Aren't loosened credit qualifications at the bottom of all this? Everyone was pushing home ownership like it was an entitlement. Housing prices rose with the demand. Companies got greedy and loans were made with zero down and even interest only.

I'm wanting an investigation into the crooks at Fannie Mae and Freddie Mac. I want investigations into banks that have failed. I think fingers will be pointed back at Congress who just spent over $800 billion (with all those add-ons) to fix the problem that was Bush's fault. Not.

So, for now we are holding on.

'til later