Economic+Turmoil+bm

=__ ECONOMIC TURMOIL __=

In the years 2000-2009 America has been on an economic roller coaster. We have experienced some of our highest points, but we have also experienced some of the lowest times in our economic history. The real estate market has been on a steep downward slope, people have been kicked out of their homes, been too far in debt to pay their mortgages, and some have even had to move into tents. We have seen communities of homeless people taking shelter in whatever way they can before now. If we take a look back into the era of the great depression we will see citizens living in communities called "Hoover Towns." They created houses with whatever materials they could find, anything from boxes to what little clothing they had left. They say history repeats itself and we can see that as we look at the desperate situations of those who are living with their families in tents because that is all they can afford. Our country is in so much debt that some people actually received, in simple terms, I owe you's from the government when they filed their tax returns, the government couldn't afford to give money back to all those who were suppose to receive a return after they filed taxes. We have even experienced a modern day stock market crash, in the past few years wall street has been associated with such a bad reputation that whenever it is mentioned the only thoughts that cross our minds are feelings of despair. We have even had stock market investment advisors cheating people out of money. Bernie Madoff, a well know stock broker, gained the trust of many people and convinced them to invest in his so called "hedge fund." It has been revealed to be the largest Ponzi scheme in history. He cheated people out of billions of dollars, the scheme allegedly began as early as the 1980's and the loss of his clients totals over 18 billion dollars.