In case you missed the news, one trillion dollars of debt needs to be written off because of the sub prime debacle, because the market couldn't or didn't want to be told or controlled. How any right wing conservative honestly swallowed, that a market that self regulated was good for society, needs to be given a dummy and sent back to kindergarten.
What do you all reckon?
Originally posted by kmax87Worse than any write off are the hundred million dollar bailouts being given. The Fed is basically just printing money. Inflation inducing that is going to cause long term problems.
In case you missed the news, one trillion dollars of debt needs to be written off because of the sub prime debacle, because the market couldn't or didn't want to be told or controlled. How any right wing conservative honestly swallowed, that a market that self regulated was good for society, needs to be given a dummy and sent back to kindergarten.
What do you all reckon?
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Originally posted by kmax87You'd think we would have learned a lesson from the savings and loan bailout in the late 80's early 90's. Apparently not.
In case you missed the news, one trillion dollars of debt needs to be written off because of the sub prime debacle, because the market couldn't or didn't want to be told or controlled. How any right wing conservative honestly swallowed, that a market that self regulated was good for society, needs to be given a dummy and sent back to kindergarten.
What do you all reckon?
Originally posted by kmax87What needs to happen, and what you and the left-wing media don't understand is that we don't need a mortgage bailout, we need for housing prices to become attractive again. Rather than bailing out a bunch of people who bought more house than they could chew, the market needs to correct itself and those people need to become renters again. Also, whenever one of these homes goes into foreclosure, that means someone else will get a bargain. Making responsible people who scrimped and saved to get a down payment on a house and diligently paid their mortgage every month on time pay for other people's mistakes sends the wrong message. Besides, if we bail out the borrowers, then we'll be bailing out the bankers and other lenders. I say: Let the market correct itself.
In case you missed the news, one trillion dollars of debt needs to be written off because of the sub prime debacle, because the market couldn't or didn't want to be told or controlled. How any right wing conservative honestly swallowed, that a market that self regulated was good for society, needs to be given a dummy and sent back to kindergarten.
What do you all reckon?
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Originally posted by der schwarze RitterUh, there isn't much of a bailout going on for the people that bought the homes. The bailout is for the people that bought the investment vehicles that contained the mortgages.
What needs to happen, and what you and the left-wing media don't understand is that we don't need a mortgage bailout, we need for housing prices to become attractive again. Rather than bailing out a bunch of people who bought more house than they could chew, the market needs to correct itself and those people need to become renters again. Also, w en we'll be bailing out the bankers and other lenders. I say: Let the market correct itself.
Most of this money is going to investors, not homeowners.
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Originally posted by kmax87You don't control markets, you control people. You control people by telling them what they can and cannot do. That means less freedom.
In case you missed the news, one trillion dollars of debt needs to be written off because of the sub prime debacle, because the market couldn't or didn't want to be told or controlled. How any right wing conservative honestly swallowed, that a market that self regulated was good for society, needs to be given a dummy and sent back to kindergarten.
What do you all reckon?
Freedom means freedom to do things well, and also the freedom to screw up. It's actually very close to the "free will" God promised you Christians.
So think of unregulated markets as the Will of God and it might go down better.
DSR is right on one point -- no bailouts. It just rewards imprudence. (have I really agreed with maruader and DSR both in the same week? What a strange week!)
Besides, I am willing to bet more people died from Israeli gunfire last week than died due to the housing crisis (and now zeeblebot will find a quote to prove me wrong...)
Originally posted by spruce112358shouldn't we exclude lawful action from your body count?
You don't control markets, you control people. You control people by telling them what they can and cannot do. That means less freedom.
Freedom means freedom to do things well, and also the freedom to screw up. It's actually very close to the "free will" God promised you Christians.
So think of unregulated markets as the Will of God and it might g ...[text shortened]... an died due to the housing crisis (and now zeeblebot will find a quote to prove me wrong...)
http://www.baltimoresun.com/news/local/bal-md.body12mar12,0,3211195.story
Body of Columbia executive found
Man killed his wife, then jumped into the Delaware River
Originally posted by der schwarze RitterI agree.
What needs to happen, and what you and the left-wing media don't understand is that we don't need a mortgage bailout, we need for housing prices to become attractive again. Rather than bailing out a bunch of people who bought more house than they could chew, the market needs to correct itself and those people need to become renters again. Also, w ...[text shortened]... en we'll be bailing out the bankers and other lenders. I say: Let the market correct itself.
I'd also like to hear from telerion.
Originally posted by kmax87that's one trillion dollars of wealth magically created. how could you take it back without stealing it?
In case you missed the news, one trillion dollars of debt needs to be written off because of the sub prime debacle, because the market couldn't or didn't want to be told or controlled. How any right wing conservative honestly swallowed, that a market that self regulated was good for society, needs to be given a dummy and sent back to kindergarten.
What do you all reckon?
Originally posted by der schwarze Ritterwow, holy crap, we finally agree on something. The only thing about this that we disagree on is who is to blame. It is my view that the deregulation of the banking industry is to blame, and the fallout will be a deep long recession. So much for the "free market".
What needs to happen, and what you and the left-wing media don't understand is that we don't need a mortgage bailout, we need for housing prices to become attractive again. Rather than bailing out a bunch of people who bought more house than they could chew, the market needs to correct itself and those people need to become renters again. Also, w ...[text shortened]... en we'll be bailing out the bankers and other lenders. I say: Let the market correct itself.
Originally posted by kmax87A trillion dollars! Chump Change. I chipped that much off my gold plated urinal while passing a kidney stone.
In case you missed the news, one trillion dollars of debt needs to be written off because of the sub prime debacle, because the market couldn't or didn't want to be told or controlled. How any right wing conservative honestly swallowed, that a market that self regulated was good for society, needs to be given a dummy and sent back to kindergarten.
What do you all reckon?
GRANNY.