Does anyone else

Chatterbox: Down to Earth

Does anyone else

Does anyone else even know what is going on?  If you don't live in the United States, Sorry! There is a big financial problem. Not too long ago, I would have said that if there was one thing kids need to talk about less than politics it is finance. But now: let me explain. It all started when people weren't paying the bank their loans on houses. The banks were owed a lot of money. But they couldn't make them pay because there is different deal on houses, intead of giving the bank your money, you would have to give them your house. So now the banks have a lot of houses but no money. And you know the way banks work, when you put your money in them they loan it to people. But if the people they loan it to don't give it, back, they don't have your money anymore. There is an organazation that makes sure you get your money if that happens, but even they don't have enough money to pay all that, because it's happening all over the country. And for some reason, it has something to do with the stock market. (whatever that is.) This is exactly the type of thing that happened before the great depression. Pray, please!

submitted by Emily L., age 13, WA
(September 27, 2008 - 7:16 pm)

I'll pray!

submitted by Paige P., age 12, Gorham, Maine
(September 28, 2008 - 7:20 pm)

Me, too!

submitted by Brynne, age 13, A magic carpet
(October 1, 2008 - 4:31 pm)

There's nothing really new so far, because they're trying to postpone whatever is going to happpen as long as possible. But I did hear something about the government trying to pay the banks the trillions of dollars they need.

submitted by Emily L., age 13, WA
(October 4, 2008 - 12:59 pm)

The government has passed a financial bailout plan.  It gives 700 billion dollars to Wall Street and 100... umm, I think thousand, million, billion, something like that, in tax breaks.  That's all I know.

submitted by Hannah R., age 13, New York
(October 5, 2008 - 5:04 pm)

I know this is kind of gross but because we are on this subject.....

A woman in Akran, Ohio who was 92 shot herself because the stupid bank was taking her house away. Now, she is in the hospital and two important political figures managed to get her house back for her. This, is why we need Senator Barrack Obama to be president. When (or if) he is president he will surely put a stop to this.

submitted by Cat Lover, Greensburg, PA
(October 6, 2008 - 8:21 pm)

Thank you for mentioning this. If God wills another depression to come, so be it. However, no one wants it. I will pray for this to work out fine.

submitted by Cramer N., age 13, WA
(March 30, 2009 - 8:33 pm)