The market and the economy are still on this up and down ride. So are we to believe that this problem is really so simple that an economic stimulus plan or Fed Chair decision can really stem the fears and resolve this problem. The president says the Senate should not tamper with the Bill which was agreed upon by him and the House leaders. The Senate says the house left out to much of the underprivileged, so they must renegotiate certain portions of the legislation. Now we must sit back and wait to see how the floor fight turns out.

The real problem is the insurers and under writers. Many defaulted loans are going uncollected due to the lack of insurance payouts. If you default on a car loan, the financiers are not like to try and repossess the vehicle due to the fact they can no longer due a short sale, or auction and recover the difference from insurance. There are all kinds of government aid programs becoming available to help and get missed or behind mortgage payments moved to the end of loans. Some financiers are even offering plans that would make it seem as though you are current in your payments and just have to pick up making payments as though you have never missed any.

The reason this economy is going to continue down the path of non assurance is directly due to the way this system has been setup for those on top to recoup all losses from insurers. Now we all get to understand that there was no brilliance to the way the executives has been running these companies just the structure of a system soon to fail. Stay cognizant and aware of the direction the legislators, the president, and the Fed decides to be more prudent than expedient.