YOU cannot give a principal reduction to those who need it

so not only do we good guys have to pick up the tab to recaptize the banks we now have to pick up the tab for those who bought at the top.... $#@%^&$& this $#@%^&$&kkkkkkkkkkkk thiiiiisssssssssssssssssssssssssssssssssssss

Give the market participants a few days to think it over Geithner and the establishment think they are smart, but they're not I've said it before, and I will say it again. The government doesn't have enough $ to fix this. Why people cling to false hopes instead of taking their losses is beyond me. For disclosure purposes, I am currently flat.

so not only do we good guys have to pick up the tab to recaptize the banks we now have to pick up the tab for those who bought at the top....


$#@%^&$& this $#@%^&$&kkkkkkkkkkkk thiiiiisssssssssssssssssssssssssssssssssssss

is the best thing that could be done.

I am for it 100%

if you do not stop the decline of house prices the country will go into a depression

there will be a major cycle of deflation that will last for years.


no other method puts money back in the hands of consumers.

nobody will spend money if their home is dropping in value month after month.

this is exactly what was needed

(also the fact that I just got a new home in southern california 2 weeks ago - LOL )

Edited by trioderob, 12 February 2009 - 04:14 PM.

if you do not stop the decline of house prices the country will go into a depression

Depression is the answer to malinvestment - if it is not now it wil be later - like IC says, it is just a matter of who takes the hit. As usual the responsible types of the middle class will take the hit for the high flying bankers and the highflying trash.

Whaddas that tell ya - you are one stupid John if you havent been spending OPM, and you believe in right and wrong.

It is and has been intuitively clear that housing has been artificially pathologically excessively inflated, i.e. prices too high relative to income levels. Prices need to come down, slowly but surely,

so not only do we good guys have to pick up the tab to recaptize the banks we now have to pick up the tab for those who bought at the top....


$#@%^&{:content:}amp; this $#@%^&{:content:}amp;kkkkkkkkkkkk thiiiiisssssssssssssssssssssssssssssssssssss

Bankers' bonuses too... don't forget that!

Edited by HoseB, 12 February 2009 - 06:18 PM.

Have to agree, IC-I'm just not good with this rewarding bad behavior approach-and I darn sure resent footing the bill for it. The good news is I think VERY few will qualify-till they change it again, LOL.

We have to set up laws to prevent people being rewarded for bad behavior and then ENFORCE them. That means MORE Guvment which brings on a whole new set of problems. Are the trade offs worth it is the question? NO according to GOP and YES according to DEMS!

As for the present situation, given a choice between ANARCHY and PORK defeceit stimulus, most will choose pork. Even the wealthy will be hit financially or with their lives being lost though they don't want to believe it. Look at the rash of kidnappings in Phoenix which is already rivaling Mexico City! Unless you are a Mafia chieftan or warlord with a private army, YOU will be hit if this thing goes down throught the "natural" depression cycle! Gold, guns, bunkers etc. won't make a bit of difference this time with the huge populace using widespread corruption by the elite as an excuse for their taking anything they want.

Just in IMHO

Out

Have to agree, IC-I'm just not good with this rewarding bad behavior approach-and I darn sure resent footing the bill for it. The good news is I think VERY few will qualify-till they change it again, LOL.