Credit Concerns and Impending Recession?

picture-003.jpgI’ve been worried about the financial status of most individuals in the US. I’ve also been seriously concerned about the “creative” financing techniques for home buyers for quite some time — which have led to the current problems with rampant foreclosure rates. And I’m ever-frustrated with our credit-enamored society and its “enjoy now, screw my future” mentality.

And then this about the stock market dance from NPR this morning. So now the federal reserve is going to artificially “prop up” the mortgage industry?

Geeze! It makes me crazy.

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