So who thinks this is just a temporary fix to help the speculators on Wall Street make the market turn in a different direction?




:soapbox:
Personally I say forget it, let if figure itself out. People who were ignorant and bought a house way above what they could afford, saying they did not know what would happen with these interest only loans, should have done their research. The banks that were greedy and gave money to everyone, knowing some would not make it, maybe they deserve to fail...

Maybe this has something to do with living in the midwest, our banks acted much more conservatively when it came to lending money and our not in as big a crunch. Prices for things such as gas/electricity/fuel oil have gone up...but people have made adjustments. The city I live in is very retail based...I guarantee that some businesses here are hurting, but that is a chance you take when you decide to get into that.

I hear people complain everyday...but with the economy slow, it is a buyers market. Prices are slashed in the retail stores...vehicle sales around this area have remained steady, along with the housing market. So I lose some money in my investments...so what it happens that is the chance you take.

How about a nonpartisan government...maybe a Obama/Palin ticket. How about these people running for office donate some of their money to a worthy cause, put a cap on how much they can raise. Make it more fair for the common person to put their name out there with their ideas/morals/agenda...

Obama/Palin would never work, they could never agree on an issue. She's too religious and he's far too left. I also think the banks should be held responsible to a point, they had dollar signs in their eyes and convinced quite a few people to live outside of their means. This problem happened years ago and people saw the signs years ago just like our current fuel issues. They simply chose to do nothing about it. The bailout is a band-aid and a complete shot in the dark, only time will tell if that shot hit the target or not.

I say let it all fall down...

Ah...but that is where one of our problems is...You are told, either you are a Republican or a Democrat. We need more from both sides that are in the middle. More often then not we are told the R vote this way and the D vote this way.

So how come they couldn't come to a compromise and run with each other....Maybe people need to not be so stuck in their ways and actually do what is for the good of the general public..not just looking out for one group or another. Just think if the markets fail...I can almost bet every other coutnry in the world goes year to year being in debt. How about people start living within their means, everyone complains about gas so much yet I see people toting around their Starbucks everyday....is a $4 cup of coffee really a necessity?

I guess I am just wanting to vent today. It is not like I am above anyone or am jealous that my congress people make 6 figures, or I live within my means all the time. People who want change need to maybe look at themselves first and see what they can do to be better off or improve. Not just hope that the next spokesperson for America, I mean president is going to magically fix everything.

I blame it on the Jews. Evidently, they aren't as good with money as we thought they were.

I think it will fall either way...if some regulation is not put into place, maybe if a bank is not willing to give you money is a sign that maybe you do not need it?? I say we go back to the bartering system. Maybe the banks tightening up their belts will make people second guess themselves, maybe I really do not need that H2 to get me back and forth to the grocery store after all?

Vert gtfo if you do not have anything intelligent to say!

It may not be intelligent, but it's hard to disagree.

I did not say you were not intelligent, I said you comments were not...and they usually are not

OK so the peeps at mortgage companies who said "This guy makes 30k a year, obviously he can afford a 300k mortgage and the $1500+ a month payment (including PMI, Taxes, et al. can afford)." That seems slightly "not intelligent." The fucking government bailing out the retards who did it seems slightly "not intelligent." Not that Jews don't run banks that were giving these mortgages or anything.

so is the guy that said 'sweet, the bank is giving me 300k if they think I can afford it I must be able to'

this has nothing to do with Jews

I also think the banks should be held responsible to a point, they had dollar signs in their eyes and convinced quite a few people to live outside of their means.

Please tell me what laws they broke. They were just doing what the Clinton administration wanted them to do.

so is the guy that said 'sweet, the bank is giving me 300k if they think I can afford it I must be able to'

this has nothing to do with Jews

It has everything to do with Jews.

I say let it all fall down...

+1

http://www.christophernolan.net/images/batman_photos_caine.jpg

"Some men just want to watch the world burn."

I'm not a fan of our credit system crumbling.

Please tell me what laws they broke. They were just doing what the Clinton administration wanted them to do.

Serious question. Can you show me the law/action that Clinton put in place to actually expand freddie mac? I've been looking for it for my research paper and i haven't found one that isn't a blog.

So explain to me exactly how this bailout helps anyone who:

1) Isn't a stockbroker
2) Doesn't buy or sell stocks
3) Doesn't own a mortgage company

Seriously: The government is going to buy a bunch of bad debt to allow lenders to extend more credit? That's it? How is any of this helping?

I've said it before, I'll say it again: Fuck Wall Street, fuck "economic stimulus checks". Lower oil and gas prices and watch how everything settles right back down to where it should be.

If it does crumble I hope you're not planing on financing a car or buying a new home because no one will lend you a dime.

maybe you should just buy it with CASH!

Yah because you know everyone has money for a 20,000 dollar car or 200,000 dollar home. Just pay cash...

+1

http://www.christophernolan.net/images/batman_photos_caine.jpg

"Some men just want to watch the world burn."

learn to swim
learn to swim
learn to swim

:)

If it does crumble I hope you're not planing on financing a car or buying a new home because no one will lend you a dime.

I think the lenders are trying to get prime lenders to borrow to help rebuild the infastructure they once had and denying more subprime candidates. Too many subprime loans because everyone was convinced that houses always appreciate is the ultimate culprit of our credit crunch.

move to an Amish community where they help horses build a house and ride eachother around

in many ways, it's a better way to live

LOL that is the funniest thing I have seen all day!!

I think the lenders are trying to get prime lenders to borrow to help rebuild the infastructure they once had and denying more subprime candidates. Too many subprime loans because everyone was convinced that houses always appreciate is the ultimate culprit of our credit crunch.

Yep, that was the idea behind interest only loans. By the time you sell the house you don't lose money because the value of the house went up.

interesting how greed and grasping materialism ultimately leads to economic collapse

Don't forget the passing of misinformation. If mortgage lenders weren't so quick to convince the lemmings that the cost of housing will always increase and that it's a good way to build wealth by buying a home, we wouldn't be in this mess in the first place.

And it's articles like this which make me wonder who the fuck the government thinks they're fooling...

http://abcnews.go.com/Blotter/story?id=5973452&page=1

After Bailout, AIG Execs Head to California Resort
Rescued by Taxpayers, $440,000 for Retreat Including "Pedicures, Manicures"

AIG documents obtained by Waxman's investigators show the company paid more than $440,000 for the retreat, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges.

Im hoping that a vigilante pops up and starts assassinating these fucks. A really really good assassin. S/he would deserve the money more than those ripoff CEO's.

Obama/Palin would never work, they could never agree on an issue.

I see that as EVERYONE WINS!


:-p