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Sub Prime bankruptcies and Banking failure = death to the middle class

BY J. Scott ForgeyWed Sep 10, 2008 at 12:17 AM
This blog is written by a member of our blogging community and expresses that member's views alone.

The banking and subprime crisis will produce a wave of 5 Million Bankruptcies in the next three years.

 

We will endure real expansion of costs and real loss in wage values.

 

This is going to kill the hope of the consumer spending bail outs.

 

The middle class will be squeezed out of existence.  The bottom will continue to suffer.

 

Scott Forgey

Vigilant Documents

Topics:

Ethonomics, legal Scott Forgey Bankruptcy Law Practice attorney Muncie Vigilant Documents Sage Associates Economy homeless, Scott Forgey, Business, Economic Crisis, Economic Issues, National Economy


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