Needed: A Bailout That Doesn't Look Like One

Discussion in 'Politics' started by Skull Pilot, Mar 18, 2009.

  1. Skull Pilot
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    Skull Pilot Platinum Member

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    Needed: A Bailout That Doesn't Look Like One - WSJ.com

    So do you think the government would enact a plan to deal with the mortgage mess that would cost less and be more effective than the current scheme?

    ANSWER: of course not.
     
  2. editec
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    editec Mr. Forgot-it-All

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    I suspect we're reaching that point where the cost of the bailout exceeds the total cost of all outstanding mortgages.

    Come on Obma, pay down my mortgage won't you?

    I've ALREADY paid more than TWICE the asking cost.

    How much more freaking money do you expect me to pay for an asset with a dwindling market value?

    I'm informed that now 1 in 4 mortgages (few of them were NINAs or even recently taken out) are now underwater.

    Stop rewarding the bond buyers who were taking a RISK and who lost, and start saving the people who actually deserve NOT to be victimized by their casino games and who had ABSOLUTELY NOTHING to do with this mess.
     
    Last edited: Mar 18, 2009

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